Gold Ripoffs In Rome

I had my husband take a gold item in to see what a few local ‘gold’ shops would give for it.

I gave him strict instructions not to sell it unless they offered a fair price, which I gave him.

2 local shops offered  65.00.   That’s about $10/gram for 14k.  That’s a rip off.

I don’t MIND leaving $ for someone else to make, but gold is valued TODAY around 27.40/gram for 14k.  That’s DOWN since last week when it was $29.00.  Ebay scrap dealers will give you MUCH closer to the actual value.

There’s a reason these “Sell Your Gold” places are popping up left and right.  They are robbing people who don’t even know any better.

I have consistently done better selling my gold on eBay, even with their cut.    I’ll save tips for determining a fair price and for how to list gold on eBay safely for another post.

2 responses to “Gold Ripoffs In Rome

  1. stephanielynn

    Who would have thought that Ebay would be a better deal?

  2. There may be some jewelry stores or pawn shops that are good deals that I’ve not checked, but at least here, most of the more visible “Sell your Gold” sites are ripoffs.