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cash4gold

I am going to a local jeweler tonight to see how much I can get for some of my old gold jewelry.  I never wear the stuff & most of it was given to me by ex's anyway, so I have no attachment to it.  I have no idea what it will be worth but I'm hoping it will help cover my recent clothing splurge.  Has anyone else done this?
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Re: cash4gold

  • Don't do Cash4gold. All the Dateline exposes say they're scammers.  Dateline says you're better off going to your local pawn shop.
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  • I have back in early 2008 but price for gold was much better than than it is today. For a name plate and a couple of rings I got over $100! It was a nice little chunk of change. I never EVER wore them and I no longer really like yellow gold, so it worked.

    GL to you.

  • My Uncle IL is a jeweler in Charleston and does this kind of thing all the time. Just be careful!! Find out what gold is going for (per ounce) and see if they will weigh it in front of you. It's so easy to get screwed by these people.

    Taking it to an actual jeweler is a good idea though. They had a story on GMA about Cash4Gold and other TV call-in numbers screwing people out of hundreds of dollars.

  • imageGlowconsin:
    Don't do Cash4gold. All the Dateline exposes say they're scammers.  Dateline says you're better off going to your local pawn shop.

    Oh yea... let me clarify... I didn't actually go to "Cash4gold" - I went to our local jeweler up in NJ (where I am from). He is a good friend of the family. You have to trust the person.

  • Cash4Gold is a ripoff. Going to a pawn shop is your best bet. My parents own a chain of 7 stores and they pay well for gold weight.

    Remember that small gold chains and such are lightweight and probably won't give you much money unless they're 24K. However, you'll still get more there than you would a C4G.

  • Honestly if you are going to send your jewelry through the mail and just trust someone to give you the amount of money you deserve back, you deserved to get scammed.
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  • OP said she was going to her LOCAL jeweler. 
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  • OMG! Did anyone even read my post?  The first sentence says I'm going to my local jeweler to cash in my gold.  Don't worry, I'm not dumb enough to send it in the mail.  Thanks for your concerns though.
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  • Don't go to a Pawn Shop either.  Going to a local, reputable (preferably been in business for some time) jewelry store that does repairs.  You will get the best, most "honest" quote.

    I sold a couple of pieces an ex had given me that I would never wear and I was using one as a mirror decoration in my car...just inviting thiefs to break in and steal the gold necklace.  Got a good penny for it and bought something I wear every day!  Do it.

    *editted to say that I have never dealt with a Pawn Shop so I have no personal experience just was recommended to me to use a jeweler instead.  Did not want to offend any Pawn Shop owners.

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  • No need to get snippy. No one said YOU were going to go or YOU specifically deserved to get ripped off. Sorry if you took it this way but you started a conversation, people share their opinions, sometimes they spin off into new but related things. Its a message board, you need to relax.
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  • imagelyse2143:
    No need to get snippy. No one said YOU were going to go or YOU specifically deserved to get ripped off. Sorry if you took it this way but you started a conversation, people share their opinions, sometimes they spin off into new but related things. Its a message board, you need to relax.

    Didn't mean to sound snippy, but they way the replies were worded I thought maybe you had all missed it.  I agree, sending it by mail would be totally foolish.

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  • as long as you're not doing that stick it in an envelope and hope they send you money back thing. it's always good to get rid of stuff from an ex.
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  • imageheathercara:

    Don't go to a Pawn Shop either.  Going to a local, reputable (preferably been in business for some time) jewelry store that does repairs.  You will get the best, most "honest" quote.

    I sold a couple of pieces an ex had given me that I would never wear and I was using one as a mirror decoration in my car...just inviting thiefs to break in and steal the gold necklace.  Got a good penny for it and bought something I wear every day!  Do it.

    *editted to say that I have never dealt with a Pawn Shop so I have no personal experience just was recommended to me to use a jeweler instead.  Did not want to offend any Pawn Shop owners.

    With all due respect, not all pawn shops are bad, and its important to find a good company and there are A LOT of great pawn shops out there. My parent's company gets more business and has better quality diamonds and gold than a lot of jewelry shops. (I could go into crappy diamond quality, but I won't bore you)

    I have been selling, cleaning and appraising jewelry since I was 16 in these stores. If you find the right place, I guarantee pawn shop owners can be just as knowledgeable (more so IMO) than jewelers who get a job seasonally just for a commission.

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