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Super Contributor
Linders Back
Posts: 1,085
Registered: ‎03-10-2010

Selling your old gold

‎08-06-2011 08:00 PM

I have thrown all my broken jewelry into a bag and decided to sell it.

We've done a lot of investigating as to how best to proceed.

First question you want to ask is: What % of the spot price of gold are you paying? (You must then decide what %age gold you are selling: 14K, 24K, etc)

Most mail in companies pay around 25 to 40 percent. (QVC pays less than 30%. At least that is what was reported online. They did not answer my email asking them this question).

By eliminating the middle man (jeweler, QVC, etc. ) and going to a local "Metal refiner" you can get up to 92%. It pays to shop around. Check your Yellow pages.

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