With the price of gold rising why can't I get a fair price for my jewelry?

All those gold into cash places pay you less than 20 cents on the dollar for the value of your gold, After that, they deduct assay and processing fees.

In addition to what Rena is saying, the jewelers, and the places giving money for your gold and exactly like a PAWN shop. You will not ever get top dollar on the say 40% gold either. They are a middleman. If they can get only $500 for your gold, they will only offer you 45% or $225, and then they make a $275 profit for them selves. Which now translate to 20% or less, like the other fellow said. This is not a way for you to make money---it is a way for them to make money.

And to make things worse, when we buy things from jewelers, we already paid a 100% mark up so they get you coming and going.

go to several places and check what they will give get the prices in writing and tell them u will be back incorporate your looking with your shopping so u r not wasting gas (profits) looking for the best deal stay away from malls and pawn shop type places. malls have very high overheads and pawn shops are rip off joints. independent jewelry stores would be my best guess where to go or the mail in place they are supposed hold the jewelry until they give u an offer and u accept. at 300/ oz unless u know the weight and the cost that day on the market it would really be hard to say but unless u had a ton of jewelry i am sure u wouldn't get enough back to take a cruise like the lady on the commercial says good luck with it

the price per ounce is for pure gold... your jewelry is anything but pure gold.

10K gold is about 40% gold and 60 percent metal alloy

14K gold is about 55% gold

18K gold is about 75% gold

so... when you have 32 grams per ounce of pure gold you first need to weigh your jewelry then figure out how much of it is real gold and pretty soon you realize that you don't really own that much pure gold.

Take the market price of one ounce of gold and divide it by 32 to see how much one gram of gold is worth. Take one of your pieces and weigh it to see how many grams of jewelry you have.

If it is 10K gold multiply by .40.

Example: 1 ounce of gold is at $1000 - that means 1 gram of gold is $31.25.

Your ring weights 3 grams..... but is only 10K gold. 31.25 times .40 = $12.50 x3 = $37.50

As you can see... unless you have a lot of very heavy jewelry at 18K gold you won't get much for it simply because there isn't much gold in it.

Maybe your idea of "fair" is unrealistic. Take it to three or four dealers that buy used gold. The offers you get will give you an idea of what "fair" is.