How much money can i actually get when I sell broken gold?
I have lots of unwanted & broken gold. And want to sell some old gold pieces. And I know that the places to sell gold is endless….And, know that gold is trading at an all time high, I think its over $920.00 an ounce. How much can I expect to get from a dealer if I have an ounce of gold? Should I take it to a pawn shop or an independent dealer? OR should I sell them online?? Thanks!
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hi,hope it can help
the best price u can get if u sell it in to gold jewelerry shop,becouse they follow price from the market,nomather the condition of your gold as long as its gold they will accept it.
this is the best solution in my country,indonesia,,hope in ur country also have..
I suggest you that, never expect the actual price that gold is trading for. Whenever you sell gold, either to a refiner or jeweler, you get paid a spot price which is less than the actual price of gold trading (they must build in profits, cost of melting, cost of certification,…. etc..)
Because… It depends on whom you sell it to. If you sell it to a pawn shop or jewelry store, all they want to do with it is resell it to someone else. So if it is broken or chipped or dirty or messed up in some way then they wont give you as much for it cause there is a smaller chance of someone buying it from them. If it has a lot of gold in it you can sell it to a jewelry maker or a factory that sells gold and they will melt it down and give you money for whatever amount of actual gold is there, cause they can then make whatever they want out of it.
Never sell your gold to a pawn shop or jeweler. They are just going to turn around and sell what they bought from you to a precious metals refinery for more money than they paid you. I would recommend sending your gold straight to the source. Many precious metals refineries out there are buying gold directly from the public and paying way more than a pawn shop or jeweler. Shop around for refineries posting their prices for individuals. I would recommend looking at Metallix Direct Gold. The have their prices posted daily and offer free shipping and insurance.
I don’t know what cash4gold will pay. I do know from my past experience, that I sent them a scrap jewelry ring and they paid me $50.26. I rejected the offer and they returned my ring promptly. I then found another company, http://www.captaincashforgold.com/ that paid me $193 for the same ring!! and they enclosed a track able Fedex pack along with $500 insurance as opposed to some crappy envelope from cash4gold that you cant even track. I really got burned a couple of times using a couple of different cash for gold companies but with http://www.captaincashforgold.com/ I feel I finally found one that I could really trust with my valuables.