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View Diary: this is just too delicious to let slip by unnoticed! (87 comments)

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  •  coins and gold jewelry can be sold to legitimate (3+ / 0-)
    Recommended by:
    sidnora, rubyclaire, ER Doc

    coin dealers for a better price as they are actually buying "gold" value - but know your dealer!  

    and, even with stamped karat weights on jewelry, it is not uncommon for people to fraudulently stamp 14k on gold plated silver or white metal.  know the "feel" of the weight of gold at each karat.

    funny story here - years ago when i was seriously into buying and selling older gold jewelry, i was in a thrift store and saw a gold bracelet for $200.  asked to see it and held it in my hand.  said to the counter person, "HMMMMMmmmmm, doesn't "FEEL" right!  could you hold this for me for a few minutes?"

    then i went out to my rv and got my gold test kit (i had 10k to 22k - you can't test for 24k, 22k is the highest acid you can buy).  i went back in and tried 14k - and, yep, it came up positive.  so i said to the clerk, "STILL doesn't "feel" right..." - so i tested for 18k... and, you got it, STILL came up positive.  but i didn't like the "feel" so i tried 22k and got the hit for yes.  it was from either india or china and was 22+k for $200.  i didn't have a buyer and didn't like the design so i said to another woman standing near me, "HERE, try this on!"  it fit and her eyes just glowed.  i pointed out that there was a 20% senior discount and said "you should BUY this since it wholesales for over $1500 (at the $249/oz) price."

    she was stunned that i wasn't buying it ( since i didn't have a buyer for it, it would have been "dead cash" that i could better spend on findings and items i COULD turn over quickly).  she bought the bracelet for $160 + tax and walked out with her mouth still gaping and her eyes sparkling like the bracelet.

    that's what i love about what i do.  i don't NEED to buy everything - just to help things find the right home!

    EdriesShop coupon code for february is FEBRUARYBLOWOUT. More to come in the next few days! - Is GlowNZ back yet?

    by edrie on Thu Feb 23, 2012 at 09:00:20 PM PST

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    •  I didn't want (2+ / 0-)
      Recommended by:
      edrie, ER Doc

      to start getting into counterfeit stamps. I have had the unhappy task of telling a friend that the piece they thought they'd be getting hundreds of dollars for was not gold, more times than I wish. So, since you brought it up, the Kossacks reading here should also know that if they aren't sure where the piece comes from, or if they know it's from outside the US, the stamp may not be reliable.

      Unfortunately I've never had an experience like the one you described, and that was very gracious thing you did. I did once have a broken "white gold" bracelet to sell that felt waaaay too heavy. When I turned my (acetylene) torch on it I couldn't melt it. It turned out to be platinum, and that was a few years ago, when the platinum price was still higher than gold. That was a happy client!

      "The only thing we have to fear is fear itself."........ "The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." (yeah, same guy.)

      by sidnora on Fri Feb 24, 2012 at 06:21:02 AM PST

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