Lostandfound
Full Member
Who is everyone using to sell Gold too. Checked out ARA they are taking 5% now. Any other places out there.
Selling Gold?
- Thread starter Lostandfound
- Start date
GroundSweeper
Forum Supporter
I used Midwest 2x. First time, a couple years ago, I sent them two pieces and got exactly what I thought I would. Second time, just recently, sent about 10-12 pieces and got about $130 less than I thought I should have.... what am I going to do? Oh well. Not sure I'd use them again for a bulk amount....
Lostandfound
Full Member
They want 5% also. Looking into refinerys in NYC.
Cherry Picker
Forum Supporter
I used ARA for many years but now have a local option. I have a friend who likes to invest in gold & silver and pays me 100% market price.
Swing4TheRing
Forum Supporter
Who is everyone using to sell Gold too. Checked out ARA they are taking 5% now. Any other places out there.
Some of this info you already know, but some possible ideas. I personally have found a trusted local jeweler who pays me spot price. Article - Selling Your Metal Detecting Finds & Gold
DaviDs
Forum Supporter
I used Midwest multiple times and as recently as this spring. I used a scale, but they remeasured and gave me more than I anticipated. Win!!!!
For my most recent set of finds, I reluctantly went to the Facebook marketplace and placed an ad for slightly over the spot price. One item sold for 10% over spot and the other was 22% over spot.
I talked to both buyers and it turns out both of them buy gold, even scrap gold, as a means of investing/diversifying their retirement portfolio. Both buyers left me their private contact info and an open invite to buy anything else I find at least 10% over spot. One of the buyes is brand-savy and said he is interest and buying well above spot price for jewelry with notable hallmarks / branding.
So yeah, look well into your options!
For my most recent set of finds, I reluctantly went to the Facebook marketplace and placed an ad for slightly over the spot price. One item sold for 10% over spot and the other was 22% over spot.
I talked to both buyers and it turns out both of them buy gold, even scrap gold, as a means of investing/diversifying their retirement portfolio. Both buyers left me their private contact info and an open invite to buy anything else I find at least 10% over spot. One of the buyes is brand-savy and said he is interest and buying well above spot price for jewelry with notable hallmarks / branding.
So yeah, look well into your options!
X2 - I think this is the way to go to make the most money out of your finds. Most silver items will sell above spot. (Everything with a name whether gold or silver will be higher). I have about a .75 carat diamond solitaire that I'm going to pay for the appraisal by a certified gemologist because I know it will help maximize my profit. People when they are looking to buy are always asking for that "certificate of authenticity".
EmuDetector
Forum Supporter
If it's older coins, I'm usually looking 
Lostandfound
Full Member
Thanks for all of your input. HH
