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Different Options To Sell Gold: Quick Facts

admin — Tue, 31 Jan 2012 19:06:40 +0000

There are several ways to sell gold; it can be done in a commercial basis or through personal transactions. Apparently, selling gold is a lucrative endeavor especially for pure gold owners. A 24 karat or 24k piece is highly valuable than a 10k gold. Therefore, if you have a good piece of jewelry, you must find a seller that can offer good price for your fortune.However, be aware that you’ll receive the scrap value for your gold and not the market value. Buyers melt the gold down so they don’t usually pay attention or increase the value of your jewelry based on its artisanship.

There are several ways to sell gold, each with its pros and cons. Armed with knowledge, you can be able to make a good decision on where to offer your gold.

Gold Parties

This socializing event lets sellers and buyers do their business in a more fun way. Sellers can market their jewelry for greater value while buyers can have more options. However, the big drawback in gold parties is that you’re not sure with the person you’re dealing with. Not all party hosts are gold professionals, which mean your jewelry may not be evaluated equally. Plus, there’s the company cut and a 10% commission to the party host, leaving you with around 50% of what your piece is actually worth.

Jewelry/Coin Shops

The benefits: there’s surely a local jeweler or coin shop nearest you and you’re more likely to receive up to 70% of the gold’s value. More than that, buyers pay more for the jewelry itself, especially if it is finely crafted, than just make an offer based on the scrap value.

Mail-away Operations

Probably the most convenient way to sell gold, mail-away operations let’s you do business in the comforts of your home. These companies send a prepaid envelope where you drop in your jewelry, and they mail a check with the receipt and guarantees to return your gold if you’re not satisfied with the price. It’s easy yet it often comes with a price.

Pawnshops

This shop has its advantage of letting you take the jewelry back if you decided to keep it. However, you must buy it back at a higher price.

Hotel Gold Buys

Aside from buying gold, this business also offers good money if you have collectibles. However, the limited-time engagement may put pressure on the transaction that you’ll rarely receive more than 40% of the gold’s scrap value. More than that, since they are often moving, you have small chances of catching them up if you feel tricked.

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Gold Bubble Ready To Burst?

admin — Tue, 06 Apr 2010 14:40:26 +0000

In the last decade precious metals have had a long run-up in price with a gain of more than 300%. However, analysts and investors are starting to wonder if the gain will continue or if the bubble has burst. In a story from the Los Angeles Times a group of financial advisors discuss their views on investing in gold. One advisor stated “Our bottom line is this: Gold is a bubble now, and it is too late to get in. It is like someone who bought real estate in 2006, at the height of that bubble. You could get hurt really badly.” Billions of dollars have flowed into gold investments in recent years primarily due to concerns over the economy. The dollar and the federal budget deficit have also fueled the trend. Another advisor stated ”Gold is one of those things that pops up in times when there’s uncertainty and crisis, but when it pops, it is too late to get in.”

In a previous post we mentioned how a drop in the price of gold could effect how much you get when you sell your gold for cash. To ensure you’re getting the most for your gold, Gold-Cash recommends contacting us today before any possible future decreases in the price of gold leaves you with less cash for your gold.

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Dog Eats $20,000 Diamond

admin — Fri, 26 Mar 2010 15:09:00 +0000

A Maryland jeweler, George Kaufmann, brings his dog Sollie to his store every day. On the evening of January 26, Kaufmann and his business partner, Robert Rosin, were meeting with a diamond dealer and were taking a look at a 3-carat stone when it fell on the floor right next to Sollie. The men watched in horror as Sollie gobbled the diamond right up! After quickly contacting the veterinarian to find out if the dog would be okay and how they could retrieve the diamond, the vet informed Kaufmann he would have to let nature take its course. After three days, Sollie finally passed the diamond which was cleaned and returned to the dealer.

Hope they took extra care in cleaning that diamond. At Gold-Cash the state of your jewelry doesn’t matter to us. Broken, old, or just unwanted we’ll still give you the highest payout for your gold.

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Price of Gold Slightly Lower

admin — Wed, 24 Mar 2010 13:55:40 +0000

The price of gold has been falling slightly as of late, now hovering around $1091 per ounce. How does this affect customers looking to sell their gold for cash? Because gold buyers use the daily price of gold to help determine what to pay customers for their gold jewelry customers might receive less cash for their gold when the gold market is taking a hit. Relative to other gold buyers Gold-Cash will continue to give the highest payouts for gold even when the price of gold falls. However, there are a few things customers can do to ensure they receive a great price for their gold.

Predicting the day to day price of gold can be difficult, so in facing the possibility that the price of gold could continue to fall we recommend making the most out of your old, broken, or unwanted gold and making today a great day to sell your gold. Gold-Cash proudly backs our payouts with a 110% price guarantee. With six convenient New York locations and an insured mail-in service we look forward to hearing from you!

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Tiffany & Co Sales Rise

admin — Mon, 22 Mar 2010 13:43:41 +0000

Known or their trademark turquoise boxes, Tiffany & Co reported today that worldwide sales rose almost 20% in its fourth quarter. The company is attributing the rise to broad-based growth in the Americas, Asia-Pacific, and European regions. Chairman and CEO Michael J. Kowalski stated, ”We were very pleased with the sales results in the fourth quarter which reflected growth in most countries, product categories and price points. Notwithstanding the global economic challenges over the past year, the decisive measures we took to control spending were successful.”

With such indication that more people are loosening their purse strings to buy new jewelry, Gold-Cash recommends making room for all your new jewelry by selling your old and unwanted gold, platinum, and silver jewelry for serious cash. We pride our business in honest transactions and our 110% Price Guarantee, ensuring you get the highest payouts for your gold. We have six convenient New York locations and an insured mail-in service. Contact us today to get the highest payouts for your gold!

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Jailer Yanks Inmate’s Gold Teeth

admin — Wed, 17 Mar 2010 19:59:57 +0000

In the world of wacky news, a Tennessee prison inmate won a settlement of $95,000 after a prison guard ripped out his gold teeth. Davidson County Sheriff’s Lt. Tanya Mayhew asked inmate Anthony McCoy to remove the gold from his teeth while being processed at the jail. McCoy informed the guard that the gold was permanently attached to his teeth and could not be removed and the guard proceeded to remove the gold by hand. McCoy’s attorney claimed that his client’s enamel was ripped from four teeth and that his client was only given Tylenol for medical treatment until about two weeks later when a dentist was called.

Taypayer’s in Tennessee probably aren’t too happy about being stuck with the $95,000 bill. Lt. Mayhew was demoted and received five days suspension. Getting serious cash for your gold isn’t like pulling teeth here at Gold-Cash. If you’re looking to sell old, broken, or unwanted gold jewelry give us a call today, we even accept dental gold.

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Platinum Catches Up With Gold

admin — Sun, 14 Mar 2010 16:33:35 +0000

Since gaining momentum two years ago, the price of platinum is now closer than ever to the price of gold. Why the sudden demand for platinum? The price of platinum use to be double that of gold but took a big slip in the markets when people began seeing gold as a safe haven investment during the economic crisis. Consumers who considered platinum to be out of their budgetary reach were now able to afford the metal. Also, consumers became aware that platinum offers a re-sale value in tune with gold. Currently, the price of platinum floats just a little above the price of gold per ounce daily.

Initially, platinum jewelry was only popular in Japan, U.S., and China. In India platinum was primarily used for industrial consumption in the auto and photography sectors. The metal’s potential use in jewelry eventually allowed platinum to be in huge demand in urban India. One problem facing platinum re-sale is its close resemblance to silver and aluminum. Such concerns force jewelry buyers to pay close attention to the quality of the platinum. If you’re looking to get cash for your platinum, gold, and silver jewelry contact us today. We have six locations, a mail-in service, and offer a 110% Price Guarantee.

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64-Carat Diamond Heist in NY

admin — Sun, 07 Mar 2010 13:44:19 +0000

Federal agents have seized a 64-carat diamond that was stolen at Kennedy Airport and sold for $1 million to a Fifth Avenue jeweler. The rock is valued at approximately $3.3 million according to Brooklyn Federal Court records. The jewel was transported to the city last September by diamond dealer Dennis Van Kerrebroeck, who had an agreement to purchase it from a South African mining company. After U.S. Customs and Border Protection officers had the diamond in custody Van Kerrebroeck contacted a customs broker and arranged clearance for the diamond without the mining company’s consent. Van Kerrebroeck then sold the diamond to Taly Diamond where it was seized last Thursday. Law enforcement is now trying to locate Van Kerrebroeck.

As NY continues to experience all kinds of scams in the jewelry industry, we want you to know at Gold-Cash all transactions are honest, safe, and secure. To sell your gold jewelry for cash contact us today!

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Spring Clean and Make Cash Selling Your Gold

admin — Sat, 06 Mar 2010 15:06:11 +0000

Spring is just a few weeks away and it’s time to go through your dressers, closets, attics, and basements to get rid of all the old stuff you don’t use or need. In your jewelry boxes we bet you’ll find broken, old, and unwanted gold and silver jewelry that you just don’t know what to do with. Contact Gold-Cash and turn that old jewelry into serious cash! We’ll send you a prepaid and insured FedEx Gold Kit for all of your items including gold, silver, and platinum jewelry. Once we receive and immediately process your package we’ll send you an email breaking down what we can pay for your gold. If you accept our offer simply let us know your preferred method of payment and we’ll wire your cash instantly! If you’re not 100% satisfied we’ll ship your jewelry back for free. Contact us today and get paid for your Spring cleaning!

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Cash for Gold Complaints

admin — Wed, 24 Feb 2010 14:42:06 +0000

After receiving 72 consumer complaints the Florida Attorney General’s Office is investigating a Pompano Beach, FL company offering cash for gold. With most consumer grievances centering on not being paid enough for sent in gold items, claims by the company that gold items sent via mail were not received, returned checks from customers not being accepted by the company although within grace period time frames, and property not being sent back to customers because they have already been melted, investigators will primarily focus on the company’s services and policies.

Here at Gold-Cash you can rest assured that you will encounter no such complications. We send our customers a free and insured FedEx Gold Kit making sure items are tracked and not lost in the mail. After we immediately process your package we’ll send you an email with an itemized breakdown of what we can pay for your jewelry. If you’re worried you won’t be paid much for your gold items know that we have a 110% Price Guarantee making sure you receive the highest payouts for your gold. If you accept our offer we’ll issue payment immediately via your preferred method of payment. If you’re not 100% satisfied, no problem, we’ll ship your jewelry back for free. We pride our business in honest transactions, exceptional customer service, and the highest payouts for your gold. If you’re interested in selling your gold items contact us today!

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