Do coin dealers buy gold jewelry?

Barry

My wife has a broken gold necklace she wants to get rid of. Do coin dealers buy stuff like that for melt, or should I take it to a jeweler?

topstuf

Coin dealers .....DEFINITELY.....buy gold jewelry. Maybe not Legend or Pinnacle, but your neighborhood store will.
Expect less than melt as the dealers in most towns must hold all privately purchased identifiable jewelry for 30 days while the police check the seller form.

Many jewelers do not observe this legality and do so with a ...wink...from the police. The jeweler probably won't pay as much as the coin dealer but at least he'll do it illegally without reporting the sale.

Jewelry stores that buy scrap gold are usually scum.

FANCY scum, but scum nevertheless.

JSsson

I don't know if coin dealers want to buy jewelry gold, but I see dealers with shops buy jewelry and scrap gold all the time and I see them being offered scrap gold all the time as well.

mrearlygold

I do if it's decent gold jewelry, antique or if stones are involved. I would probably pay more than a jeweler.

carl

Many of the coin dealers around here also deal in jewelry and usually the gold stuff. Not a big thing but many of them do deal with the stuff. Must be because dealing with gold coins they get to know the stuff real well as to it's value. We have one flea market around here where there are several coin dealers and numerous jewelry stands and some do repairs and one even makes anything you want.

TwoSides2aCoin

Precious metal is precious metal. Most coin dealers buy any precious metal well below spot, but a Numismatist will probably laugh at the thought. And for a few people reading this, ALUMINUM is not a precious metal(unless it is a Lincoln cent from 1974), nor is copper(unless it is a 1943 Lincoln cent) So beer cans are not very good for trading when visiting your local coin dealer, but shiny red wheat pennies are, as long as they are not made into JEWELRY. I have found great deals on jewelry at the Pawn shops , though, and would think they would buy your jewelry at a fraction of it's worth. Take your jewelry to a jeweler, and take your coins to a coin dealer
But to maximize your profit, simply take a pic and put it on ebay.