Tuesday, September 13, 2011

Sold gold

40. Sold some gold jewelry

I've been hearing about how high the price of gold is right now- saw on a network news story that someone got $51 for one earring back! So I decided to see what I could find in my meager jewelry box. Surprisingly, being the pack-rat that I am, I determined that I could live without my Parkview High School class ring! I checked with my daughters to make sure they didn't harbor a secret desire to inherit this heirloom- sure 'nough, they didn't. So I took that ring, an old watch face (14K gold) and a gold ring. (BTW, apparently, most class rings are not 14K gold, so don't expect a fortune when you take yours in.)

My "research" told me that you need to go to several different gold-buying establishments to get the best price possible. The first place I visited looked like it was a very temporary set-up. Basically just a couple of folding tables & chairs in an empty store-front. However, they did check the "karat-ness" and weighed the items in front of me. Their offer was $200.05.

Stop #2 was much more permanent looking. They have to buzz you in, then you visit with a young girl at the desk. I told her I was shopping around, & she asked what I had been offered so far, as they like to be the best price in town. She took my jewelry & went through a door into a mysterious back room. When she returned, she asked "If I can talk my boss into $250 cash, would you take that right now?" I figured I surely wouldn't get significantly more than that at a future stop, so I agreed. She disappeared again, to "talk to her boss..." But she did come back with $250 cash :) Not a bad profit for a lunch hour!

I'm motivated to dig deeper into my jewelry box!

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