# Selling Gold

**URL:** <https://boards.straightdope.com/t/selling-gold/123448>\
**Category:** Factual Questions\
**Created:** [August 11, 2002, 11:36pm UTC](https://boards.straightdope.com/t/selling-gold/123448 "2002-08-11T23:36:37Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![Green\_Bean](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/green_bean/32/1760_2.png) [@Green\_Bean](https://boards.straightdope.com/u/Green_Bean)\
**Post date:** [August 11, 2002, 11:36pm UTC](https://boards.straightdope.com/t/selling-gold/123448/1 "2002-08-11T23:36:37Z")

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I recently cleaned out my jewelry box. I have several single gold earrings, a couple of gold chains with broken clasps, etc. It’s not much, but it’s all 14k solid gold. I also have a few non-broken gold chains that I wouldn’t mind parting with. I would like to rid myself of this stuff, and I was wondering if I could sell it.

So, how do I go about selling gold?

I don’t expect to get a lot of money for what I have, but I don’t want to get ripped off either. There is a local place with a sign saying that they buy old gold, etc., but I have no idea if they’re reputable.

Thanks in advance.

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**Author:** ![tcburnett](https://avatars.discourse-cdn.com/v4/letter/t/c5a1d2/32.png) [@tcburnett](https://boards.straightdope.com/u/tcburnett)\
**Post date:** [August 11, 2002, 11:41pm UTC](https://boards.straightdope.com/t/selling-gold/123448/2 "2002-08-11T23:41:40Z")

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14k is worth about five bucks a gram scrap which its the price you are going to get for it. You can google for scrap gold prices.

[http://www.goldmastersonline.com/](http://www.goldmastersonline.com/)

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**Author:** ![samclem](https://avatars.discourse-cdn.com/v4/letter/s/a9a28c/32.png) [@samclem](https://boards.straightdope.com/u/samclem)\
**Post date:** [August 12, 2002, 12:03am UTC](https://boards.straightdope.com/t/selling-gold/123448/3 "2002-08-12T00:03:35Z")

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call a few local coin dealer in the yellow pages. We currently pay $6.50 per pennyweight for 14k. That’s about the $5/gm mentioned. We make about 1.50/dwt when we scrap out. You shoud be able to get someone to pay you that.

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**Author:** ![Green\_Bean](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/green_bean/32/1760_2.png) [@Green\_Bean](https://boards.straightdope.com/u/Green_Bean)\
**Post date:** [August 12, 2002, 12:17pm UTC](https://boards.straightdope.com/t/selling-gold/123448/4 "2002-08-12T12:17:11Z")

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Thanks. I never would have thought of calling a coin store.