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Old 11-19-2009, 08:53 PM
 
Location: Waxhaw
262 posts, read 550,322 times
Reputation: 76
Default Best place to sell gold in Charlotte

Does anyone have any recommendations or experience doing this? I know Perry's @ South Park does it, but who else?
Thanks!
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Old 11-20-2009, 05:46 AM
 
Location: Charlotte, NC
1,808 posts, read 4,189,168 times
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A friend of mine sold some gold at Brownlee Jewelers at the Park Road Shopping Center. Their number is 704-527-1717.

HTH!
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Old 11-20-2009, 06:24 AM
 
Location: South Charlotte
1,395 posts, read 3,783,973 times
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Sumpter's on Wilkinson Blvd. Google their name and the website will pull up. I've been selling them stuff for years. Most people that are in the business take their own scraps to them directly.
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Old 11-20-2009, 08:21 AM
 
4,010 posts, read 5,776,184 times
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I recommend a read of this topic on another forum. It explains a great deal on how the "junk" gold business works. I'm not saying your stuff is junk but this is how it is referred to by gold dealers when it is not in bullion or coin form. It really helps if you try to figure out how much gold you have and multiply that by the current spot price ~$1150/oz so that you can judge the deal. Jewelry for example is almost never pure, 24 carat, gold because gold is too soft.

So if you have a necklace that weighs 2 oz and is 18 carat gold, (75%), then you 1.5 oz of gold which is potentially worth $1750 but obviously they won't pay you that. There are a lot of stories out there however of people getting a couple of hundred bucks for something like this so this is why you want to do your homework. It also helps to know if there is any platinum in it as this is worth even more than gold.

If you have gold coins take them to a coin dealer and look them up on ebay. Don't sell them at junk gold dealers because and in almost cases they can have a numismatic value (sometimes very substantial) beyond the gold in it.

How I Buy PMs at 35% Spot Every Day - And Why You Should Too - Gold & Silver Forum

Last edited by lumbollo; 11-20-2009 at 08:35 AM..
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Old 12-22-2009, 11:56 AM
 
Location: Wouldn't you like to know?
8,364 posts, read 10,011,587 times
Reputation: 3174
I 2nd Sumter's on Wilkinson Blvd....very professional and paid well....
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Old 12-22-2009, 11:57 AM
 
Location: CLT native
4,282 posts, read 6,967,719 times
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Right Here
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Old 05-14-2010, 06:03 PM
 
8,410 posts, read 8,493,859 times
Reputation: 6432
Quote:
Originally Posted by CouponJack View Post
I 2nd Sumter's on Wilkinson Blvd....very professional and paid well....

I 3rd it.



I went today to sell some necklaces, and their first offer was $200 higher than what I was quoted a month ago by several other dealers. I know gold has risen since then, but doing the math tells me that they paid me a much higher percentage of the dead weight value of what I sold. I'm very happy with what they paid.

Drinks are on me!!
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Old 05-14-2010, 06:26 PM
 
4,010 posts, read 5,776,184 times
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^This is because other than the USA, where Americans still sell their gold, gold for individuals has almost disappeared. In Europe gold coins and bullion has simply disappeared from the dealers as the people there are buying any gold they can get their hands on because of the belief the Euro is going to go down the toilet. Dealers here are happy to give good prices for junk jewelery because they will send it to a refiner who will melt it down to blanks which are then sold to the various mints to make into coins. (or they sell their own bullion)

Gold shops in Europe out of stock due to panic buying | IBTimes

You didn't say how much gold you sold, but the price of it has risen a breath taking $100/oz in just the past two weeks to an all time high of just a shade below $1250/oz yesterday. It's really frightening for what it really means, even here in the USA though the gold holders are very happy.
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Old 05-14-2010, 06:54 PM
 
Location: caribbean island
5,340 posts, read 4,926,207 times
Reputation: 1861
The recommendations that they were "very professional' or they were "very nice" are meaningless to me unless you know what they are paying you is the best price of gold on the spot market. I couldn't care less if they are " nice" or a pain in the to to, the issue is who is paying me the absolute best and highest price for the gold.

All the rest is of NO interest . Now, who pays the best and highest price for gold and how do you know that?
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Old 05-14-2010, 07:18 PM
 
4,010 posts, read 5,776,184 times
Reputation: 1504
Quote:
Originally Posted by pink caddy View Post
..... Now, who pays the best and highest price for gold and how do you know that?
Spot price is for delivery of 400 oz gold bars. Everything else is going to have some sort of premium on it though it is often possible, to buy and sell gold below and above this price.

To answer your question, go straight to the refiners for the best prices. The very same refiners that all these "cash for gold" places use will also take gold from individuals. If you have enough of it, some will pay you close to 100% for the gold if you agree to let them have the other metals. Gold in jewerly is always alloyed with other metal so the gold necklace that someone sold may also have platinum in it (far more valuable than even gold). Pure gold is too soft. The only way to know for sure if you are getting a good price however is to take the time to figure out exactly what you are selling.
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