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Sell, Trade or Melt?

PostPosted: Tue Jan 31, 2012 11:52 pm
by Cent1225
I have a gold bracelet and pendant(had a $20 Gold Eagle in it) that I would like to sell, trade or melt.
Please look at the pictures.
Both pieces are marked 14K.

The Bracelet weighs 1.17 troy oz. or 36.3 grams or 560 grains.
The Pendant weighs .29 troy oz. or 9.0 grams or 140 grains.
Total weight is 1.46 troy oz. 45.3 grams or 700 grains.

Asking your opinion about how much I should be able to get for these pieces.
I could sell them or trade them or should I have one of the RC members melt it for me.
If melting, how much would it cost me to have it melted into a small ingot or coin? Can I get the same gold back? Can it be marked for fineness?
Would it be easier to trade it or sell it after having it melted or is it worth it?
Thanks for your thoughts.

Re: Sell, Trade or Melt?

PostPosted: Wed Feb 01, 2012 3:45 am
by SilverEye
14k is .585 fineness. So 1.46 toz x .585 = 0.8541 toz pure gold.

Take spot gold price $1740 right now multiply by that and get $1486.13 melt value. I'd guess you would be lucky to $500 at a pawn shop or the gold buying kiosk at the mall. I wouldn't sell for less than 10% under melt, but I would go 20% under on a fire sale if I needed bail money.

Post it up on eBay and you might even get a premium. I'd certainly think it's worth more as jewelry, because if you melt it then it will only ever have melt value to metal geeks like us that know to the penny how much it's worth. You might stumble across somebody who falls in love with it or has a matching brooch or something, then it commands a premium.

Re: Sell, Trade or Melt?

PostPosted: Wed Feb 01, 2012 10:10 am
by tractorman
This I would send to Market Harmony. I believe Mike pays more than 90% of melt and I don't think he charges assay fees either (my apologies if I'm wrong). The $$ I would then flip into bullion. There might be a way to get the same gold back, but I'm sure it would cost you more in the end. You could ask MH about that.