posted on July 28, 2004 09:28:56 AM new
I just sold some scrap gold to a pawn shop. He seemed to be fair based on the little I know. He says he will pay me 10 percent less that the gold "meltdown" price that is on the internet every day. How do I find the "meltdown" price?
posted on July 28, 2004 10:04:54 AM new
Hi Kasue ... Don't know if you can read this chart in comparison with what you traded in, but:
[url]http://www.usagold.com/gold-price.html
[/url]
Couple days ago I sold a single little gold dental filling on ebay and it sold for $6.51
[ edited by EstateSaleStuff on Jul 28, 2004 10:05 AM ]
I'm having some trouble making that be a 'link'
[ edited by EstateSaleStuff on Jul 28, 2004 10:06 AM ]
posted on July 28, 2004 10:49:30 AM new
Presumably he meant the spot price for gold.
For a one-time sale, what you did was fine.
But if you think you will have scrap gold on a continuing basis, eBay is probably better. Acquire a few steady customers, sell to them directly and skip the eBay fees.
posted on July 28, 2004 11:05:44 AM new
why dont you ask him what melt down price he is looking at,so you two will be looking at the same price??
prices published in WSJ is just for reference,gold price sold to local dealers vary from region to region.
dont forget there is a bid and ask price
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
posted on July 29, 2004 04:14:21 PM new
Hi Take the spot price and mulitply (X) .0194 will be top price for 10k. .0268 for 14K and .03275 for 16K(dental) and .03475 for 18K.This is top price for scrap by the DWT(Penntweight) not grams andy
posted on July 29, 2004 05:45:20 PM new
I spoke to a jeweler friend of mine yesterday. He said a gold filling should have about $15 worth the gold, more or less. A dealer that buys scrap will take a good percentage of that for his own needed profit.
posted on July 29, 2004 06:39:49 PM new
few months ago i listed my old 3 molar bridge on ebay at starting price of one penny,the final bid was 81 dollars/
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
