Selling Gold Jewelry By Mail

Posted on 07. Jul, 2008 by Money Talks News in Ripoffs, Shopping, Video

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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5 Responses to “Selling Gold Jewelry By Mail”

  1. Susan

    02. Oct, 2008

    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

    Reply to this comment

    • The real susan

      01. Jan, 2009

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

      Reply to this comment

    • Susan is stupid

      06. May, 2009

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

      Reply to this comment

  2. Selling Gold By Mail Doesn’t Pay | Money Talks News

    25. May, 2009

    [...] much should we expect to get? Well, here’s what Cash4Gold.com told us when we did their story back in 2008: “You could see prices anywhere from 50% of spot to 80% of spot based on how much again that [...]

    Reply to this comment

  3. sell your jewelry

    16. Jun, 2009

    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.

    Reply to this comment

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