Selling Gold Jewelry By Mail

If you watch a lot of late night television, you’ve seen the commercials for companies like Cash4Gold, GoldPaq, or GoldKit. The pitch? Mail in your gold jewelry and receive a substantial portion of the market value for that gold. But, is selling your gold by mail a good idea? Short answer: Yes with an “if”. Long answer: No with a “but”.

Yes, selling gold by mail may be a good idea if you live in a rural area and have small, unadorned gold jewelry. You might not get the same return you would if you took your jewelry to a jeweler, but with gas prices through the roof, that might not be a realistic option.

No, selling gold by mail is not a good idea, especially if you’re mailing in something worth more than the value of it’s gold (a Rolex watch, for example). But, if you’ve got some jewelry you don’t wear or are in need of money fast, it might be something worth considering.

Just make sure that, before you sell any gold, you find out how much money you can expect to receive (most companies offering this service will post prices on their websites). Don’t send in anything with jewels, as you wont be compensated for them, and don’t send anything that’s more valuable unmelted.

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Comments & discussion

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  • http://www.goldpawnshop.com/ Susan

    I have heard about all 3 of these sites that you mentioned, but some good, some bad. But, selling gold online is the way to go. I had 4 necklaces and brought them into a local pawn shop and they offered me next to nothin. After doing a ton of research, I finally sent in my gold on a site GoldPawnShop.com and everything was great. I got 3 times more then the local pawn shop offered me. These days, everyone could use some extra cash. Look around and take my advice for what it is worth. susan

    • The real susan

      no, susan is wrong. goldpawnshop took my gold but did not give me any money. susan probably works for them. you cant trust her.

    • Susan is stupid

      The first Susan must think we are stupid….Notice she never mentions any price. Nor do any ads you see on tv and online

  • http://www.goldpawnshop.com Susan

    I have heard about all 3 of these sites that you mentioned, but some good, some bad. But, selling gold online is the way to go. I had 4 necklaces and brought them into a local pawn shop and they offered me next to nothin. After doing a ton of research, I finally sent in my gold on a site GoldPawnShop.com and everything was great. I got 3 times more then the local pawn shop offered me. These days, everyone could use some extra cash. Look around and take my advice for what it is worth. susan

    • The real susan

      no, susan is wrong. goldpawnshop took my gold but did not give me any money. susan probably works for them. you cant trust her.

    • Susan is stupid

      The first Susan must think we are stupid….Notice she never mentions any price. Nor do any ads you see on tv and online

  • sell your jewelry

    Just because jewelry is appraised at a certain value does not mean that is the amount a person would get if they sold it, ie, you could have a necklace appraised at $1200, but if you tried to sell it, youd only get the value of the gold, not the craftsmanship. Moreover, much of gold jewelry is not pure (24 K)its usually 10-14k which is why they buy scrap at such low prices. 1oz of pure gold is $860 (today), 10K isnt even half pure. Youd probably get about $175 for 1oz. of 10k gold.

  • sell your jewelry

    Just because jewelry is appraised at a certain value does not mean that is the amount a person would get if they sold it, ie, you could have a necklace appraised at $1200, but if you tried to sell it, youd only get the value of the gold, not the craftsmanship. Moreover, much of gold jewelry is not pure (24 K)its usually 10-14k which is why they buy scrap at such low prices. 1oz of pure gold is $860 (today), 10K isnt even half pure. Youd probably get about $175 for 1oz. of 10k gold.

  • http://www.empiregoldbuyers.com/ Sell Gold

    I have tried several gold buyers and found the best deal was at the local gold buyers in town (I’m in Tampa) which I assume is probably the case in any town. :)

  • http://www.empiregoldbuyers.com Sell Gold

    I have tried several gold buyers and found the best deal was at the local gold buyers in town (I’m in Tampa) which I assume is probably the case in any town. :)

  • Twittxicano

    Did you guys see the report on them on the Today Show? http://money.aol.com/article/nbc-today-show-investigative-report/629833

  • Twittxicano

    Did you guys see the report on them on the Today Show? http://money.aol.com/article/nbc-today-show-investigative-report/629833

  • http://www.sellgoldtampa.com/ Travis Jazz Jewelers

    The best way to sell you old gold is to go shop a few of your local jewelers. go to at least 2 and take the highest price. read the reviews on the jewelers, then sell your gold.

  • http://www.sellgoldtampa.com Travis Jazz Jewelers

    The best way to sell you old gold is to go shop a few of your local jewelers. go to at least 2 and take the highest price. read the reviews on the jewelers, then sell your gold.

  • http://sellgoldonline.org/ sell gold online

    I agree on this article. Some companies are abusing this selling gold through mail by giving a very small amount of money to the seller. People that wants to sell their gold should be really careful on where they will sell their gold.

  • http://www.sellgoldtampa.com/products.html how to sell gold tampa

    I have heard about all 3 of these sites that you mentioned, but some good, some bad. But, selling gold online is the way to go. I had 4 necklaces and brought them into a local pawn shop and they offered me next to nothin.

  • http://zixmailencryption.com/ zixmail

    well, If you've considered selling some of your unused gold jewelry for some … Sending anything through the mail is risky!

  • http://zixmailencryption.com/ zixmail

    well, If you've considered selling some of your unused gold jewelry for some … Sending anything through the mail is risky!