usgoldbuyers
Selling Gold Jewelry?

Hello, my mom is looking to sell some 14 KT gold jewelry for money. A few bullion gold buyers wouldn't buy from individuals but the website USGOLDBUYERS.COM would. Is this website legitimate? Does anyone have any better gold buying websites (that will accept 14 KT jewelry)? What about verification and insurance, I work at a lab so was able to get the exact weight (to the 10th of a millgram) with an analytical balance. How does one know that they will get the same weight agree to the purity (14 Kt)? Once you send it in is there proof of submission and do you have the option to turn down their offer and get your jewelry back?

Well. spot gold price is $815.70 / troy ounce. Divide by 31.1 grams / troy ounce, then multiply by 14/24, because of the 14K. So the gold in your jewelry is worth $15.30 / gram. Probably a bullion buyer will not offer you more than the spot value, and may offer you substantially less.

You can check spot prices anytime, they change often:

http://www.kitco.com/

Grandpa

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