Is it worth it to sell off old gold jewelry?

[eks6426]

In my area, there are a lot of advertisements for people to bring in their old gold jewelry to get cash. Many local jewelry stores are doing it. I believe the jewelry is melted down for the gold content. There are even home parties that do this.

I have a lot of gold from the 80s that I haven''t worn in more than 10 years. I have some things like the flat herringbone chains and some small gold pendants. They are currently consuming space in my jewelry box. I can''t decide if I will ever wear them again. But assuming I decide I won''t, is it worth it to look into the old gold to cash places or is there a better option?

 

[Circe]

You''ll get more for them if you sell them as jewelry rather than scrap: I sold a heavy gold setting (I just wanted to get it OUT of my house) for $60. It was probably worth more than that, but it just wasn''t worth investing any effort into it for me: $60 bucks buys enough books to outweigh the bad juju I associated with it. Instead, you might consider consigning them, or selling them on eBay - more hassle, but also more money.

 

[geckodani]

I tried selling my old stuff on ebay and actually had very poor results. I ended up taking it in and using the gold as a credit for my reset - I got $150 for 3 old rings and a necklace. It''s worth investigating. If after you ask you think you could get more on ebay - go for it.

 

[Herfnerd]

Well.....the rule of thumb with clothing is that if you haven''t worn it in the last year, get rid of it.

Jewelry, for the most part is clothing accessories, so I imagine it would follow similarly. 10 years is a long time and I would prolly sell it

JMHO and YMMV........

 

[Upgradable]

I did what geckodani did. I gathered up all of my old pieces and the jeweler applied it toward bezel setting a stone for a pendant. All my scrap pieces and a loose stone gave me a beautiful new necklace!

 

[sarah95]

I sold quite a bit of gold within the past couple months while gold was high. Jewelry that I bought for $12/gram, I was able to sell for $25/gram. Nobody knows what will happen, but it''s been coming down recently. If you are considering selling, in my opinion, now is the time to do it.