Gold for gold

[isabella1]

Be a bad idea to sell off 14 K jewelry mostly scrap to buy gold coins? I really really like the pre 33 gold coins. I have a couple of the coins now. Would rather have more over the jewelry. But Would I lose money by swapping them?

 

[Iamrussell]

Probably a little because coins normally carry a premium-

-------------------------------------
just keep stacking, just keep stacking, stacking stacking stacking

 

[isabella1]

I agree with ya there! Along with numestic value. All the jewelry is from yard sales though, so I don't have a lot in it. Ps, I like the quote under your typing

 

[Henry2]

If you have some nicer pieces try retailing them off first instead of just scrapping them. I have always made out far better on auction sites then cash for gold shops even after the fees.

 

[scott9050]

I have used these guys before, top dollar paid for scrap:

Gold Scrap | Hi-Tech Precious Metals & Refinery

 

[coinguy*matthew]

Depends on the kinds of coins you will be trying to buy there is little to no premium on some gold coins while others will run 10k plus.

 

[jerseyben]

Be a bad idea to sell off 14 K jewelry mostly scrap to buy gold coins? I really really like the pre 33 gold coins. I have a couple of the coins now. Would rather have more over the jewelry. But Would I lose money by swapping them?

Kind of an impossible question to answer.

I would say scrap your gold when you can get the highest % for it. Use the money for whatever purpose best suits you. If you like gold coins, then by all means, it wouldnt be a bad investment.

 

[Herb Boyd]

For investment,Gold Coins are the best...no questions about assay,weight,market: That's why gold coins evolved, they are the original money...

 

[1more4me]

Great idea! But you got to work all three ends of the deal... You buying scrap low, you selling scrap high, you buying coin at best deal you can find... Miss on any one and you'll get burned... Good luck!