The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX


Go Back   Rolex Forums - Rolex Watch Forum > General Topics > Open Discussion Forum

Reply
 
Thread Tools Display Modes
Old 26 August 2016, 02:00 AM   #1
armen34
"TRF" Member
 
Join Date: Jun 2015
Location: OC
Posts: 1,466
Ounce of gold

Does anyone know how much Jewelers (or other places that buy gold) will buy for? Today the ounce is about 1325, how much discount would they buy for? By the way, the pieces are not sealed and may have very minor dings/scratched. Thanks.
armen34 is offline   Reply With Quote
Old 26 August 2016, 02:21 AM   #2
gwozhog
"TRF" Member
 
gwozhog's Avatar
 
Join Date: Apr 2011
Location: Point Blank, TX
Posts: 2,893
usually 50 bucks over spot is what they pay for an 50 dollar american eagle
gwozhog is offline   Reply With Quote
Old 26 August 2016, 02:27 AM   #3
armen34
"TRF" Member
 
Join Date: Jun 2015
Location: OC
Posts: 1,466
Ok, what about for 1 ounce bars?
armen34 is offline   Reply With Quote
Old 26 August 2016, 03:09 AM   #4
beshannon
"TRF" Member
 
beshannon's Avatar
 
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,892
Jewelers buy scrap gold, far less than spot.

What kind of gold are you selling? My coin dealer buys gold for spot and sells for +4% over spot.
__________________
Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent
beshannon is online now   Reply With Quote
Old 26 August 2016, 03:14 AM   #5
azguy
Banned
 
Join Date: Sep 2011
Real Name: -------
Location: -------
Watch: ---------
Posts: 12,609
one ounce Gold bar, about $1,250-1,275 in mint/flawless condition, less if it's dinged up
azguy is offline   Reply With Quote
Old 26 August 2016, 03:34 AM   #6
armen34
"TRF" Member
 
Join Date: Jun 2015
Location: OC
Posts: 1,466
Thanks.
armen34 is offline   Reply With Quote
Old 28 August 2016, 07:39 AM   #7
GB-man
2024 Pledge Member
 
GB-man's Avatar
 
Join Date: Nov 2012
Location: USA
Watch: addiction issues
Posts: 36,912
When I sold some scrap I received 90% of melt value. They want to give much less of course.
__________________
GB-man is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Asset Appeal

My Watch LLC

OCWatches

DavidSW Watches

Bernard Watches

Takuya Watches


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.