Selling Gold

A few weeks ago we wrote about reusing gold. Today, Denver news station CBS4 had a similar online article about selling gold. While not entirely the same topic, we thought they had some good points.

CBS4 took unwanted gold around to pawn shops, coin and jewelry stores and a traveling gold show to see where they'd get the most money. They found the coin stores to be the best bet, but prices varied at each place.

Their advice -- and ours -- is to take unwanted gold to multiple places before settling on a selling price, and don't be offended if the prices are much lower than the jewelry's original selling price. You'd be very lucky to even get half because most places will take jewelry apart and refine the gold to separate it from the other metals it's been mixed with.

Another option is to find an independent buyer who wants the jewelry as is. He or she will likely pay more for it than a pawn shop or coin and jewelry store.

You can read the CBS4 article at http://cbs4denver.com/recession/gold.sell.prices.2.1004544.html

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