I have seen a number of questions about selling gold jewelry, there was a great article in the Wall Street Journal about different options, I have posted the paragraph with the best option:

Overnighting Jewelry

Not good enough. I went back to the Internet and found a gold broker in the heart of Manhattan's diamond district, U.S. Gold Buyers, which buys and refines precious metals. A customer-service representative said the company pays 96% of the spot price for five ounces or more and on a sliding scale for lower weights. I could overnight my jewelry at the company's expense, and a representative would give me a quote the next day. If I declined the offer, the jewelry would be sent back at no charge to me. If I accepted, I could expect a payment to be processed within 24 hours. I could choose a wire transfer, or have the money sent via PayPal or by postal mail.

As reassurance that the company could be trusted, she gave me the company's license number with the Better Business Bureau and the New York City Department of Consumer Affairs.

Using the company's Federal Express account, I sent off the loot, and the next day a salesman called with a quote just as gold hit its new $949-an-ounce high. U.S. Gold Buyers' offer: $1,570.17.

Sold. My check arrived the following Tuesday.

Please post a link if you are talking about a news article...

Turning Old Bling Into Fresh Green

kamalktk said:from the article:
The author was told she had three ounces and to expect 90+% of spot by a trusted advisor.
Author sold for 58% of spot.
Dumb author.Redo the math.

So my gold pieces are worth only a proportionate fraction of the 24-karat price. In other words, a 14-karat gold bracelet is valued at 58.5% of the 24-karat gold price.

DavidScubadiver said:kamalktk said:from the article:
The author was told she had three ounces and to expect 90+% of spot by a trusted advisor.
Author sold for 58% of spot.
Dumb author.Redo the math.

So my gold pieces are worth only a proportionate fraction of the 24-karat price. In other words, a 14-karat gold bracelet is valued at 58.5% of the 24-karat gold price.
Doh

Mr T's ship has finally come in

Interesting, I have a lot of old gold jewelry sitting in my drawer that I haven't worn in years. My wife and I are considering selling our old gold jewelry online, we found another gold buyer company article on CNBC. Has anyone worked with this company goldfellow?
The company owner seems to ahve been involved in the gold business for years, but who to trust in this market? Looking forward to your experiences with these companies. Please reply privately if you can share any information about your experience with any gold buyers. Thanks.

Interesting information will need to check it out. Thanks, please e-mail me privately with any results you all may have experienced.

Thanks in advance, J

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