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Selling Your Gold?How Much Will I Get? |
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There has never been a better time to sell your old jewelry, and Diamonds
Gold reached a historic high recently of $1700 per Troy ounce.Since it went over $600 in 2006 there has been an enthusiasm among the public to sell old gold and jewelry.This has certainly been exacerbated by the economy.
Where should you sell your old gold?
Buyers of Gold make a profit by by accumulating it and selling it to a refiner.The buyer has to make a profit since he lays out the cash up front, may loose some weight in the refining, may occasionally make a mistake and buy a piece of plated gold, provides a store to purchase the gold and may lose out if Gold drops in price suddenly.
It is not unreasonable for a buyer to give himself a 10 % margin to cover these losses and make a trading profit. The refiners will not deal directly with the public on small amounts , so this is a good system. .Some stores, pawn shops and mail in houses take advantage, or are dishonest , and will offer a lot less than the fair market value of your old jewelry. Mail in buyers are getting a reputation for almost cheating the public.
Gold Coins are a different story if in mint condition (not been used in Jewelry).These bring close to "Spot" value.
We recommend selling your Gold and Diamonds to a better jewelry store.If a piece is worthy of reselling ( meaning it is in very good condition and it is in demand) then a fine jewelry store may even pay above the scrap price and you are ahead of the game.
Much of the gold being scrapped at present was bought when gold was $300 or less, so many people are getting more than they paid for the new item!
Should I sell my Gold and Old jewelry to Windsor Diamonds?
We believe that we offer as high as any buyer in South Florida , We do pay above scrap for resalable pieces; and we know diamonds so you will be delighted with our offers.We want you as a future buyer of new jewelry , and we want to build a comfortable relationship with you.
A private viewing can be arranged if you would like us to review your jewelry away from the showcases.
Come and visit our Store at 1344 SE 17th Street Causeway,
Fort Lauderdale, Florida 33316
954 523 0817 |
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