What percent would you expect to pay when selling your gold

To a local jeweler or pawn? Never done it before...

What am I doing wrong here? 81.1 grams would be worth around $1900?? That cannot be right... I can't see selling this online for anywhere near that!

(It's a 14k white gold band and 14k yellow gold medallion, if my photo is confusing)

 

That doesn't look like 81 grams

The best buyers are paying around $22/gram right now for 14K

Local pawn shops might be around $8-10

 

I agree, but any way I weigh it, it comes out the same:

81 g
2.8 oz
52.2 D.W.T.

WTH?

 

What does 4 US nickels weigh on your scale?

 

139.5 g
4.93 oz
89.8 D.W.T.

waaaaaay off! aww, that's sad! should be around 5 g...

 

They should be just under 20 grams. So you might have about 5/8 of 20 grams in gold.

 

I hit tare and restarted it - now reads
49.5 g
1.75 oz
31.8 D.W.T

that's weird - looks like decimal is off from g at least.

 

oh, i didn't multiply the 4x

I'm trying to recalibrate it, but the weight it's asking for is 600g!

 

From a proper bullion dealer I'd expect to get about 95% of spot price. (around 22.5 dollars a gram from your chart.)

Your scales are clearly useless. Try replacing the batteries is all I can think off, or getting some new scales.

Local jewellers or pawn shops will usually offer little enough to amount to theft. Anything under 95% is too little.

 

It may be the mode that you're in ?

 

I bought batteries, didn't help
Took it back to the smoke shop I bought it from
He calculated 600 grams was about <>20 oz
Took a can of Monster and it passed!
I though it had to be exact...
it's about 14 grams, so not bad! I'm happy.

 

Thanks!

 

The coin shops in my area offer between 85-95% of spot. I've heard that some of the cash for gold places, pawn shops, and jewelers offer as 25% of spot. Its sickening.

 

Thanks Joe

I checked out a local coin store online, they pay about on $24.14 (14k) they pay $19.60 - about 81%

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