Where to Sell Gold and other Jewelry on Cape Cod

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Looking to sell gold, silver, estate and other jewelry on Cape Cod?

Several jewelers on Cape Cod are ready to buy gold, silver, watches, chains and other estate jewelry locally. You can also sell your gold to mail-in buyers, like the ones you see on TV offering “cash for gold”. Here’s what you need to know about selling gold and other jewelry.

What is the price of gold right now?

You can expect to get quite a bit less than whatever the chart to the right says. This article from MSN Money about selling scrap gold tells it like it is:

The high price of gold may tempt you to unload some unloved trinkets. But don't assume you'll make a mint selling them as scrap.

If you're planning to sell jewelry to take advantage of the high price of gold, you might be better off selling unwanted pieces as jewelry, rather than for the melting pot.

If you sell gold jewelry for its scrap value, you'll lose much of its retail value, perhaps 75% or more. The scrap price is based on the value of the metal alone and doesn't reflect the craftsmanship or any aesthetic or antique value, let alone emotional attachment you or family members may have to the piece.

In the week after gold hit a historic high of $1,035 an ounce and then dropped below the $1,000 milestone, a 14K wedding band was selling for about $75.

The Cape Cod Times ran a reprint of an LA Times article about how to sell your gold and diamond jewelry:

All you need to do is turn on the television, listen to the radio or walk past a jewelry mall to know. “The scrap jewelry market is huge, huge, huge,” says Reyne Haines, an appraiser who specializes in 20th-century decorative arts.

Have an old wedding band or other valuable (although no longer worn) piece cluttering up your jewelry box? We asked Haines for her advice on how to appraise, consign, sell it on your own or mail it in to one of the many gold-buying companies that have sprung up in recent months.

The article goes into a Q & A about selling jewelry covering how to know what you have (is it real? and quality or grade), hiring an appraiser, testing, consigning the pieces to a dealer and the fact that you can expect wholesale gold prices.

Local Gold and Jewelry Buyers

There are several local jewelers and buyers of gold on Cape Cod. Here are a few that advertise about buying gold and other jewelry:

capecodgoldandsilver.com
capecodpreciousgems.com
monahanjewelers.com
ajmarksjewelers.com
silvajewelerscapecod.com
tabercoins.com

Online Gold Buyers, Cash for Gold Kits, etc...

There are a million different places that buy gold on TV, online, on radio ads, gold buyers at the Mall on a certain day, cash for gold by mail-in kits, gold parties at someones house, etc...

There are many reported gold buying scams, so seller beware. You might want to read this account from an alleged former employee of one of these companies.

Conclusion

All of these gold buyers are in the business of making money. You will not get top retail gold prices. In most cases you might not even get the wholesale gold price. Just keep that in mind before you sell something that has any sentimental value. Unfortunately sentiment doesn't count for much when you sell jewelry.

Cape Cod Pawn Shop

Looking to sell something?