Great article about selling gold. While Precious Metals buys gold, we will ALWAYS tell you exactly what we pay per pennyweight and will convert that to a per gram price if you request. We will break it down to the exact percentage that we pay (63%). Which mean that if the market value of the earrings in the article is $14.64, we would pay $9.23. That is more than what the dealers in the article pay, but more importantly, if the earrings were brand new (the examples in the article were just purchased) we would have advised you not to sell them as scrap! Never sell a piece of wearable jewelry as scrap unless you are desperate or have exhausted other options. Selling jewelry on e-bay or at a consignment store will allow you to get money for the workmanship and wearablity of the gold along with it’s market value as a precious metal. We also do metal exchanges. Say you have some 14K gold chains, and you want us to make a 14K gold ring. We will use the weight of your metal towards the weight of the metal in the new piece less ten percent. So essentially you are getting 90% of the value of the gold back.
Bottom line, do your research. Get quotes, and if you aren’t getting clear answers, don’t waste your time.
