With the price of gold exploding over the last 18 months, there are been many companies coming out of the woodwork to offer to buy your old and scrap gold jewellery.  Inundated with different options, most people don’t know where to turn.  You can go the easy route and take your old jewellery to your local jewellery store, most advertise good prices for your gold…there are better prices out there but some might not be comfortable with the other options.

As most have seen on TV, you can send your gold away via a pre-paid envelope, in a few days you will receive a cheque…simple, but “uncomfortable” for most.  It’s understandable that you don’t want to just mail off you valuables when you don’t know what you will receive in return…and they won’t quote you a price because, as they say, gold prices are going up and down so what it might be worth today may change tomorrow when the package arrives.  So you take a chance, something to remember is that they have to keep the jewellery for 30 days before they melt the metal, so you can get it back if you don’t think they have paid you enough money.  Some, even accept Sterling Silver and diamonds…they won’t pay you for gemstones, however they will return them if you pay the shipping.  Apparently the diamonds will be paid at wholesale prices, it’s important to note that the money for the diamonds will be at about 1/3 of what you would pay in the stores…that’s wholesale.

There are many places on the web to get some specific advice for you location, many people are selling their jewellery and they will let you know about their experiences.

All in all, if you need the extra cash, it might be worth your while to give it a shot…but don’t expect to get rich…they aren’t paying retail for you jewellery.

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