Raleigh, Durham, Chapel Hill, CaryThe Triangle Area
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I don't have jewelry, but I know acquaintances from church have been hosting gold parties in recent months. The way it works is you just bring your jewelry (gold, silver, platinum) and the licensed professional buyer will buy your stuff.
I don't usually get involved with these posts because I am involved with the business and don't want anyone to think I am pumping my business. However, I will offer some advise/information and you may take it for what it's worth. First, my husband and I have been in the coin, gold jewelry, diamond business for 27 years. We do not operate a store front, which I will explain after. We also are part owners of a smelting firm. I say this so you know that I am familiar with the topic.
There are times when anyone can find himself/herself in the position of having to or wanting to sell items.
1. Do not send your things away in a bag to any company. You have no idea what your goods weigh in gold. You have no concrete idea if what you are sending is in fact all gold, or whether it's 10k, 14k or 18 k. These companies can and do simply send you money and tell you that a percentage of your things did not weigh or were not what you thought they were and you get paid less. There is no way for you to prove otherwise.
2. Second, pawn shops, jewelry shops etc typically don't weigh things or do a similar routine as the mail aways. They simply either offer you an amount or as jewelry stores like to do, give store credit toward another purchase.
Let me explain what we do. We either meet you at your home, our home or a place where you would be mutually comfortable. We put your things on the scale first. Then if there are stones in the items we will tell you what they would be worth. We use testing kits to make sure 10k is 10k, 14k is 14k etc. This is all done in front of you.
We don't operate a store front for simple economic reasons. The more we have to pay for a store, the less we can offer you. We work on small profit margins and make up for it in volume. Obviously everyone has to make money otherwise no reason for doing it. However, there is a big difference between making a fair profit and taking advantage of someone.
We buy from jewelry stores, pawn shops etc. Because we have a smelting firm, we typically can pay 30%-70% more than anyone else.
We also offer people to have jewelry parties. They invite their friends to bring jewelry, coins etc. We pay cash and give the hostess a percentage of what we buy. We don't get greedy and believe everyone should get a fair deal. We do the same thing for schools, organizations etc for fund raising.
Again, I am not saying all of this to promote my company. I am saying please be careful. Make sure whatever you do with your things or wherever you take them that you see what they are doing with your things and that they offer you cash for your items. I hope this can help a bit and wish you the best of luck.
Is there a coin store that can buy reasonable numbers of gold/silver bars/coins? It was great years ago collecting gold eagles for $400 and 100oz silver bars at $500, but now that I want to liquidate them, will the same little shops give me cash for 2-3 silver bars or gold eagles at a time? Or is there a larger dealer in the area? Anyone been selling lately and where?
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