What’s the best way to sell gold jewlry to raise cash?


gold buying
J asked:


I need cash for down payment. I’ve heard people selling gold by mailing in. Doesn’t sound possible to me to send off valuables to an unknown person and get desired outcome, that’s why I’m asking here. I haven’t seen buyers coming to my area to buy gold, that sort of thing. Your input is much appreciated!

This entry was posted on Monday, November 23rd, 2009 at 12:00 am and is filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “What’s the best way to sell gold jewlry to raise cash?”

  1. MVD34 Says:
    November 24th, 2009 at 8:54 am

    Take it to a couple of jewelers in your local area that advertise buy or sell. Get a few quotes and compare offers. You will likely get a much better price from them — esp. if it is nice jewelry. Plus you don’t have to worry about scams or theft. MVD34

  2. Cedric J Says:
    November 24th, 2009 at 7:03 pm

    Generally you’re not dealing with an unknown person if you sell it to a reputable company.

    Here’s a good tutorial for whether you do it on or offline - Cedric J

  3. James P Says:
    November 25th, 2009 at 11:56 am

    You have two options:

    The first is to shop your valuables around town to local jewelers. You can generally price compare them so that you know you are at least getting a competitive bid. The problem is that most jewelers are simply middlemen to a refiner which means you aren’t going to get the absolute most for your items.

    The second option is to use a national buyer. I would avoid the suggestion of the poster below who recommended goldintomoney since they are simply a front for Cash4Gold. Cash4Gold has a horrible reputation and doesn’t pay anything compared to reputable buyers. See their BBB report here:

    I have had two good experiences with American Gold and Silver. They paid me decent money for the gold and diamond rings I sent them and I was more comfortable with them because they are a subsidiary of a publicly traded company (DGSE Companies, Inc.) Plus their BBB rating is A+:

    Hope that helps. Good luck on the new home! James P

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