I saw a story on Good Morning America the other week where two reporters took a bunch of their broken necklaces and ugly gold jewelry to the NY jewelry district and sold it as scrap gold. One reporter got close to $1000 and the other got about $500. At that moment, gold was close to $1000 an ounce. This truly intrigued me, as I have some old gold jewelry I don’t wear and never will wear ever again.

Goldpaq used to have a listing of what they paid per dwt and it wasn’t much (very tiny actually)- They have since taken the prices off their website and offer a 110% max cash guarantee but you would have to send them someone else’s written estimate to get it. That seems like a hassle. But they also offered to appraise your jewelry as fine jewelry and buy it that way rather than as scrap.

Tags: Gold Jewelry, Necklaces, Scrap Gold

This entry was posted on April 11, 2008 at 2:50 am and is filed under Jewelry Watch. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.