Sunday, November 9, 2008

dont sell your scrap gold just yet

All over the TV you see all of these commercials about getting cash for gold. You have more than likely seen signs around town that read CASH 4 GOLD at jewelry stores or coin shops.



Before you take in hat old gold you should know that you aren't going to get even close to what its worth even as scrap.



the mail in companies are the worst because they don't have you in the room when the weigh and check the purity.



But if you go into a coin shop to sell your scrap gold the person working there will take your gold and check its purity with an electronic devise which is probably correct but if he thinks your not savvy to what you have he might lie it down a couple of grades. then he'll take the price of gold at that moment and take about $40.00 off if. then he will weigh it with a gram scale and do a secret mathematical formula to convert it over to ounces and then he gives you about 70% of its value. and you just got a little over half of what you gold is worth even in scrap form.

No comments: