I love Gold….and Money

So basically I made this blog to help you, the people of the internet, to understand when and were to sell your gold, silver, platinum and diamond materials.  I’ve made a ranking page so this way you can see how much money you get for each item.  This will be an evolving and changing list that will be growing everyday!  It’s based on experience of myself and others within the blogosphere.  Hopefully this will help people with making a decision.

Before we begin, please read this little bit of info so that you are fully aware of what you are doing!

1. These company’s called ‘cash for whatever’ are refiners.  They don’t care about the craftsmanship of your jewelery, they don’t care of the sentimental value of the bracelet, they only care about the material worth of the item.  It could honestly be an old gold filling thats worth 400 dollars.
2. A lot of people also think that there jewelery is gold.  Usually they are right and wrong.  How is this possible?  Most jewelery is gold plated, technically its gold, but most of it is usually lead.  It’s worth about 5 bucks.
3. A lot of jewelery is mis-labeled.  Some are stamped as 18 karat gold when actually its probably 14.  So if you have ‘done your research’ unless you test it, you don’t really know.  Most places will test it for you for free, so look around.
4. New York pays the highest price for your jewelery hands down.
5. Sites that have prices on the website tend to not pay that much (wow shocker there)
6. Sites that don’t have a PHYSICAL address tend to be scams/low payouts
7. Most New York City dealers tend to have website where you can send in your materials, and they usually pay the most…usually
8. Most first page internet searches are paid advertisers.  I wouldn’t recommend it.
9. Lastly, don’t expect to much, this way you are less angry.  If it turns out that you have a high payout, then it will come as a pleasant surprise!

Here are the ranking list, enjoy!

Cheers!

What is exactly the Diamond District in Manhattan?  Its located on 47th street between 5th and 6th ave.  It’s where most jewelery, refiners, buyers and sellers of any type of metal/jewelery can be found.  If you can’t find it there….then you’re not looking hard enough.

It’s a nice place to visit if you’re in town.  HOWEVER, do not be intimidated by those people out in the street asking you to sell your items.  IT’S A TRAP!

So a lot of people wonder if they should sell there things online or in person.  It’s a tough decision which changes between person to person, but here are the most common pros and cons of selling your things in person vs. online

Pros and Cons of trading person:

PROS

1. Usually a higher percentage
2. Easily shop around
3. security
4. variety
5. sell for craftsmanship or metal type

CONS

1. some people feel as though they are being judged and feel awkward
2. Sometimes people are pushy
3. You don’t know where to start

Pros and Cons of Online

PROS

1. Convenient
2. Anonymous
3. Many choices

CONS

1. Usually little to no payouts
2. Only pays for metal type/weight
3. Little to no security
4. SCAMS

The places like cash4gold, 47thstreetbuyers, and empiregold are just ridiculous in there payouts.  Usually it ranges between 20-35% IF YOU’RE LUCKY.  Thats just crap

Being in the Diamond district for a while, I found a lot of places that will give you a good deal based on craftsmanship or metal type

Futurama – corner of 47th street and 6th ave New York – is a great place for selling jewelery with HIGH craftsmanship.  If its a tiffany ring or something like that, sell it there

Ross Precious Metals -47 west 47th street Floor 6  New York- is a great place to sell anything with precious metals (old/broken/incomplete jewelery).  They don’t pay for craftsmanship, but boy do they pay for the weight.

After the election in Mass. health care industry stocks rose (in place of a stronger push for private health care).  A small dip in gold (and pretty much all precious metals) ensued, and quite frankly its over now.  Gold is on the rise (the US dollar still kinda sucks) and now its back on the rise. I personally feel as though this is going to stay around the 1100 to 1200 area for a while until the shit storm thats going to happen in the next 6 months.  Heres an article for you to read up!

more

Ah…the Diamond District of New York.  Where fortunes are made at the drop of a dime….literally.  Theres a lot of seedy places out there that just are in business by hawking.  What’s hawking?  Walk down 47th street between 5th and 6th ave, you’ll get barraged by at least 5 people asking if you are selling gold silver or platinum.  If it feels like a drug deal…it kinda is.  You’re gut instinct is to just walk away…and guess what……YOU SHOULD.

Tip #1

Don’t respond to hawkers…they will pressure you to sell your items…and most likely at a bad price too.

I would recommend going to some of the larger refiners if you want to sell your materials