The Other Gold Rush: Selling It
mrearlygold
Posts: 17,858 ✭✭✭
I thought this could be applicable for either forum
The Other Gold Rush: Selling It
It is a lot easier to buy gold than to sell it -- at least for a good price.
It isn't that there aren't plenty of opportunities to sell out there: Gold purchasers are swarming like mosquitoes after a summer shower. Local jewelers, coin shops and seemingly every other cable-television advertiser will buy your gold and maybe even your silver, too.
The nation's largest jewelry-store chain, Kay Jewelers, last year opened an online service to buy gold jewelry, and last week, one of the largest pawn-shop chains, Cash America International (NYSE: CSH - News), launched Gold Promise, an online gold-buying service with the gold-chain-festooned Mr. T as a spokesman.
The price of gold touched an all-time high of $1,388 an ounce earlier this month, and the price of silver reached a 30-year peak of more than $24 an ounce. But the prices that buyers pay vary widely.
Some will give you as little as 10% of the meltdown value for gold jewelry and coins. Many jewelry stores, including Kay Jewelers, a unit of Signet Jewelers (NYSE: SIG - News), pay about 50% of the meltdown value. Coin shops tend to pay more: up to 80% -- assuming the coins don't have a higher collectible value -- and a few online players may offer as much as 90%.
The Other Gold Rush: Selling It
The Other Gold Rush: Selling It
It is a lot easier to buy gold than to sell it -- at least for a good price.
It isn't that there aren't plenty of opportunities to sell out there: Gold purchasers are swarming like mosquitoes after a summer shower. Local jewelers, coin shops and seemingly every other cable-television advertiser will buy your gold and maybe even your silver, too.
The nation's largest jewelry-store chain, Kay Jewelers, last year opened an online service to buy gold jewelry, and last week, one of the largest pawn-shop chains, Cash America International (NYSE: CSH - News), launched Gold Promise, an online gold-buying service with the gold-chain-festooned Mr. T as a spokesman.
The price of gold touched an all-time high of $1,388 an ounce earlier this month, and the price of silver reached a 30-year peak of more than $24 an ounce. But the prices that buyers pay vary widely.
Some will give you as little as 10% of the meltdown value for gold jewelry and coins. Many jewelry stores, including Kay Jewelers, a unit of Signet Jewelers (NYSE: SIG - News), pay about 50% of the meltdown value. Coin shops tend to pay more: up to 80% -- assuming the coins don't have a higher collectible value -- and a few online players may offer as much as 90%.
The Other Gold Rush: Selling It
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
0
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In honor of the memory of Cpl. Michael E. Thompson
100% Positive BST transactions
If your city has a 'diamond or jewelry district', then this is where to look.
Buying and selling fees are very small.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>Agree, anyone selling at 10% needs adult supervision. >>
and to call me first. I'd gladly pay 11%
``https://ebay.us/m/KxolR5
Any market maker or other entity that makes a market in a physical object in small quantities from public individuals for narrower spreads than even the 10% offer from the lowest metals buyers?
No one forces the sellers to take the offered cash... is caveat emptor's related concept, 'caveat vendor?' extinct ?
Liberty: Parent of Science & Industry
roadrunner