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Is cash for gold a good idea?

I see the commercials about dropping off broken jewelry... is it really worth it???

 

TIA! 

Re: Is cash for gold a good idea?

  • I know people that have had gold parties and turn in broken jewelry and make some money off it.  They don't usually take stones though so if you have broken jewelry with gemstones, they'll take them out and give them back to you.  Which is why I haven't had a party since the gold I want to turn in has stones so I figure I'd get more for it by turning it into a jewelry store.
  • YES!  I went to a place nearby called Saratoga Coin last year with some cheapo stuff that I used to wear as a teenager (charms, little thin necklaces, tiny rings, etc.) that I will not wear as an adult.

    I ended up getting close to $200 for stuff that was just taking up room in my jewelry armoire. 

     

  • I have an email from a friend who did a cash for gold house party - she made a good sum of money on it.... I can forward it to you if you want! Pm me with your email address!
  • i haven't done it, but i know people who have and some have made upwards of $900 on crap that they didn't wear anymore.

     

  • imageMrs.AngelaA:

    YES!  I went to a place nearby called Saratoga Coin last year with some cheapo stuff that I used to wear as a teenager (charms, little thin necklaces, tiny rings, etc.) that I will not wear as an adult.

    I ended up getting close to $200 for stuff that was just taking up room in my jewelry armoire. 

     

    I went to the same place and came out with over $300.  Definitely go to a jewelry store (most do it now) or some place like the Coin store.  Actually I know someone who did well at a party too.  What's great is that things can be broken and they also take silver.  It's a great way to get cash for that old jewelry you'll never wear again.

  • Thanks everyone! I'll keep the jewelry stores in mind.  There are little cash for gold stores (at least two I've seen) in Binghamton, but they're in shady-ish sections.  So, I wasn't sure if it was worth it, but I'll look around at stores. Thanks!
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