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Where to sell your gold, With so many choices, who knows what you will get?
Woody
post Sep 6 2011, 03:02 PM
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Looking for advice from anyone who knows what they are doing,

I am looking to sell some of my gold. I have tried to ask around to find a reputable source but have had no luck. Is anyone familiar enough with the process to recommend any one place as opposed to another? Also, what is the preferred method? Do the retailers want the gold acid cleaned? Any help would be appreciated, Woody.


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Woody
post Sep 7 2011, 02:32 PM
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Mr & Mrs Cp please proof read this and ensure I am not out of bounds.

It looks like the cash for gold scams are the worst. In some cases they don't even give 50% of spot value. I was looking into the Ebay thing. It appears to be one of, if not the best, option. I am still waiting on word from some of the local jewlery venders but from what I have read on line I don't expect much from them either. There is one coin dealer here in the Springs that is frequently being recomended, "Hallenbeck Coins", but I will have to find the time to visit them when they are open as they are not returning my calls. So that brought me to see if anyone on here might be able to suggest a certain place or method.

Here is what I seen on Ebay,
- most of the items that were being sold went for around 80% of spot value or better.
- the ones that list a "buy now" option that was above and beyond the spot value range was not selling.
- the smaller pieces of say around .100g were actually selling for above spot value.

Here is how I determind my method, "please someone let me know if I am off on this".
- there is 31.103 grams per one Troy Oz.
- if todays price for one oz is $1,900 then I divided 31.103 into 1,900 and came up with right at $61. per gram.
- I took the weight of the selling Item and times it by 61.

Example; I see one listed right now. It is a small flake/piece and it weighs .118gr. it is selling currently for 9$. I want to see if it is a good buy or a good
sell. I times .118 by 61 and come up with ..... right at $7.20 so that is a good sell.

Does anybody know what it cost to sell one item on Ebay? That might factor into the cost.

just thinking out loud, Woody.


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