selling your gold

smugglersbluez · Sep 9, 2013

I know there have been past discussions on here. Looking to see if anyone used aragold recently. Any suggestions , ideas or past experiences on selling their finds.

ron lord · Sep 9, 2013

I will be sending all my Gold & Plat. to ARAGold in Oct. I been using them for the pasted 5 years .call them 1-800-216-9796

DrJoePrime · Sep 9, 2013

smugglersbluez · Sep 9, 2013

thanks, gold is in the mail...just wanted to be re assured

Beach Papa · Sep 9, 2013

I just pulled up the ARAgold.com web site. It says "payout" is 98% on karat gold. Does that mean they pay 98% of spot gold price on the actual weight of gold in the lot? If so, I thought refiners had gone down to 95%.... Papa

jyt2017 · Sep 9, 2013

What do you think they mean?

#googlesearch

Beach Papa said:
I just pulled up the ARAgold.com web site. It says "payout" is 98% on karat gold. Does that mean they pay 98% of spot gold price on the actual weight of gold in the lot? If so, I thought refiners had gone down to 95%.... Papa

DrJoePrime · Sep 9, 2013

Midwest pays 95%...ARA pays 98% (that's spot price on the day and on the final full gold out of the acid bath.)

Please note that unless your gold says 14KP it could be as low as 13.6K and still marked 14K so take that into account in your calculations.

ARA's payout has always spot on for me over three submissions.

Beach Papa · Sep 10, 2013

joeb1999 said:
What do you think they mean?

#googlesearch

Well, I realize the answer to the question seems obvious. However, for starters, what kind of gold is there besides karat gold? Second, they don't say anything about spot gold price being the basis of their payout. Just looking for clarification and I think Dr. Joe Prime answered the question. I thought all the refineries dropped back to 95% of spot price on payout. I have not sent any gold in to be refined yet and I am hesitant to send it off to someone I haven't dealt with, but others here have and ARA looks like the place to send the gold. Thanks, Joe

dewcon4414 · Sep 10, 2013

BP..... they pay in penny weight (dwt). Not sure, but at one time i was told they paid based on 24K once melted. But now instead of MISC gold they have you break it down by K. Ive had good success with them and very nice to deal with over the phone. BUT..... if you can find someone you can trust locally with a GOOD price, you might be just as well off. You get a face to face.... you save shipping, wait time, and insurance (which is pricy).

Diggin-N-Dumps · Sep 10, 2013

Oh WoW~....Very cool...I just did a Google Search on this place and noticed its only 8 miles from my work...lol

Thanks for the info!

smugglersbluez · Sep 10, 2013

so if we have a problem....we can send you in to handle business? ha ha

Diggin-N-Dumps · Sep 10, 2013

smugglersbluez said:
so if we have a problem....we can send you in to handle business? ha ha

hahaha..Sure!..I'm just glad there are other options than Ebay

Idigack · Sep 10, 2013

has anybody thought of the fact that they will want an id # for taxes

smugglersbluez · Sep 16, 2013

ok,I went with ARA...I am pleased and my returns were as expected.

lorraine · Sep 17, 2013

ARA....great company to work with...I've always been pleased doing business with them.

Lorraine

fongu · Sep 17, 2013

Do you have to separate your gold by 10K, 14K, 18K etc or just put it all in a box or envelope and send it to them? I intend to cash my gold in to pay for a basic scuba course in November. I've never used them because I've never had any gold to sell, but have a good bit (for me) from last fall and early this year. When you find jewelry with stones do you let them handle it for you or send them to a buyer? I sent them an email, but never got a reply.

DrJoePrime · Sep 17, 2013

I put all the mixed gold in one baggie..I put the one platinum ring in a separate baggie in the same package. They cut me two checks..one for platinum and one for gold.

They will return all stones unless you want them to bid on your diamonds.

I'd call them directly by phone..they are very responsive, helpful and friendly.

R.Danneskjold · Sep 18, 2013

Anyone have one they us in Canada? Gotta sell some of mine.....

FLauthor · Sep 18, 2013

I tell people who sell their gold to pawn shops even those who pay top dollar that they may as well threw their money down a rat hole. I imagine ARA Gold is where the pawn shops sell their gold for those big payouts. ARA says they make their money from the silver that is refined from the gold. I didn't know there was any silver in gold but I could be wrong.

lookindown · Sep 18, 2013

fongu said:
Do you have to separate your gold by 10K, 14K, 18K etc or just put it all in a box or envelope and send it to them? I intend to cash my gold in to pay for a basic scuba course in November. I've never used them because I've never had any gold to sell, but have a good bit (for me) from last fall and early this year. When you find jewelry with stones do you let them handle it for you or send them to a buyer? I sent them an email, but never got a reply.

You don't have to separate it. They put it through a process that separates the gold from the metals its mixed with. They pay you for the weight of the pure gold that comes out.