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26 August 2016, 02:00 AM
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#1 |
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"TRF" Member
Join Date: Jun 2015
Location: OC
Posts: 1,466
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Ounce of gold
Does anyone know how much Jewelers (or other places that buy gold) will buy for? Today the ounce is about 1325, how much discount would they buy for? By the way, the pieces are not sealed and may have very minor dings/scratched. Thanks.
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26 August 2016, 02:21 AM
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#2 |
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"TRF" Member
Join Date: Apr 2011
Location: Point Blank, TX
Posts: 2,894
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usually 50 bucks over spot is what they pay for an 50 dollar american eagle
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26 August 2016, 02:27 AM
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#3 |
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"TRF" Member
Join Date: Jun 2015
Location: OC
Posts: 1,466
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Ok, what about for 1 ounce bars?
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26 August 2016, 03:09 AM
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#4 |
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"TRF" Member
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,892
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Jewelers buy scrap gold, far less than spot.
What kind of gold are you selling? My coin dealer buys gold for spot and sells for +4% over spot.
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26 August 2016, 03:14 AM
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#5 |
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Banned
Join Date: Sep 2011
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Posts: 12,609
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one ounce Gold bar, about $1,250-1,275 in mint/flawless condition, less if it's dinged up
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26 August 2016, 03:34 AM
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#6 |
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"TRF" Member
Join Date: Jun 2015
Location: OC
Posts: 1,466
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Thanks.
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28 August 2016, 07:39 AM
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#7 |
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2024 SubLV41 Pledge Member
Join Date: Nov 2012
Location: USA
Watch: addiction issues
Posts: 37,355
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When I sold some scrap I received 90% of melt value. They want to give much less of course.
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