Selling Gold

[sandy]

I know GOLD is worth a lot of money these days. I'd like to sell some Gold I have like jewelry and coins. Where's the best place to sell Gold stuff do you think so's I get the right price. How can you find out what carat your Gold is so you know what your selling and won't ripped off.

[heidi]

If you have reputable jewelers in your town, they'll be able to tell you the carat and they should be able to offer you a fair price. I've also read about cash for gold websites, but what I've read about the prices they offer people means I wouldn't use them myself.

[Princess Sophie]

Here is some info from the BBC today. The British Office of Fair Trading has ordered companies that buy gold from people by post to improve the way they operate. It looks like some companies are offering very low prices for gold.

Previous research for the consumer organisation Which? showed that some gold companies that advertised on television offered an average of just 6% of the gold's retail value, compared with an average of 25% offered by pawnbrokers and high street jewellers.

http://www.bbc.co.uk/news/business-12446901

CashMyGold, Cash4Gold and Postal Gold agreed to make changes after an Office of Fair Trading (OFT) investigation.

The high price of gold has meant that companies that exchange people's gold for cash have grown in popularity.

....................... The OFT had raised concerns with all five about the way offers were made for people's gold, such as jewellery.

The watchdog found that some businesses were sending customers a payment for their gold, which if not rejected and returned within a very short period of time by customers, was taken as consent for the payment. That meant the gold was then melted down.

[w-3-r]

you will get the best price for your gold selling it to the public. ebay is a good place to do this. i would recommend that you only allow people who have good reputation to bid for your gold. this reduces the possibility that they will try to cause problems for you.

[investor]

i've bought gold coins from ebay. i've been happy with the outcome. the only thing that bothers me a little is that osmium has a similar density to gold. you can take osmium mixed with a lighter metal and produce something with identical density to gold. put a coating of real gold on the outside of your fake gold and you've made a very convincing fake. the only way to prove it's a fake is to cut it open. people don't want to do that with gold they've bought.