First Gold Bracelet find in a thrift store! Huge profit

TCOZY13 · Sep 10, 2011

Hey everyone, I went into a local consignment store looking for silver. I found nice 4 gram sterling ring 75% off (its really ugly) for $2. Then I found a huge necklace. I figured it wasnt gold for the price of only $10. Right on the clasp it says 14K. It weighs just over 15 grams. Pretty happy, it was my best thrift store find yet :headbang:

chkn · Sep 10, 2011

Wow, I'm surprised it slipped through. Good for you!!! :coffee2:

richm · Sep 11, 2011

NICE!!! $522.00+ at todays price. Last year I was at a tag sale and they had a few necklaces, one was pretty hefty and I could see What I thought was either 10k or 18k with the bare eye. I paid $4.00, drove a half mile to my friend who has a coin shop and buys gold and got $240.00. Made $236.00 in about ten minutes!! Good going! Rich.

TCOZY13 · Sep 11, 2011

Thanks rich! I plan on adding gold for my things to look for while garage sale shopping

. That was the easiest $510 I ever made. I plan on keeping it, just was hoping for a guess on how much a reputable place would pay me?

Chug And Red · Sep 11, 2011

Any chance you have a pic of it? We hit thrift shops all the time, and hope to get lucky one day too!!!! :icon_thumright:

Red

underarock · Sep 12, 2011

TCOZY13 said:
Thanks rich! I plan on adding gold for my things to look for while garage sale shopping . That was the easiest $510 I ever made. I plan on keeping it, just was hoping for a guess on how much a reputable place would pay me?

I Try to at least get close to scrap value when selling it or around 90%. Most places will try and give you maybe half of what its scrap worth. I wouldn't mention what you paid for it either. They will try to make an even lower offer because they just can't stand it when other people actually make money on gold silver etc besides them.

SouthJerseyRyan · Sep 12, 2011

It's a good thing you aren't trying to find bargins in my local thrift shop, they are overpriced and picked over!!! :dontknow:

Ron P · Sep 12, 2011

TCOZY13 · Sep 12, 2011

Yea Ill upload a picture when I can. And thanks for the advice on selling, %90 would be pretty good. Now I just have to find more

minton7 · Sep 12, 2011

beter have it tested.. I have had a huge chain that was marked 14K Italy.. and was fake... another hunter here in ohio found a similiar chain marked 14k and it was fake.. have it acid tested

TCOZY13 · Sep 12, 2011

Here it is

hombre_de_plata_flaco · Sep 13, 2011

Excellent score young man, but I have to ask - have you acid tested this piece or hit it with a magnet? The pic looks a little bit too "shimmery" for 14K.

And I'm not trying to crap on your find. I'm not "that guy". I'm happy for you that you were able to find such an item if it is indeed real. I just don't want you to eBay the thing and have to pass out a refund to a disgruntled buyer.

I never trust hallmarks. The reason is that I see stuff with marks like "14K" all the time that turns out to be totally fake. You wouldn't believe the amount of bogus stuff out there that is marked as real.

Again, I hope it turns out to be authentic and you realize a very nice profit, but I would check it thoroughly before flipping it.

Good luck to you young man.

Hombre

diggummup · Sep 13, 2011

Be leary of that Figaro marked 14k, never assume because it's marked it's real. I have the same necklace, clearly marked 14k and it is as fake as the day is long. I could tell without testing, just by the color and weight alone. Once tested, my assumptions were dead on. It was in a box of jewelry I purchased at an estate sale.