gold: as prices rise, teeth come out - gold necklace and bracelet set
Gold is so high now.
Over $1,500 an ounce
Consumers are cashing out anything they have with gold, including teeth, bridges, crowns and other dental work.
"I 've seen them take gold straight out of their mouths," said Dave Krum, chairman of the National Pawnshop Association and executive vice president of Wichita pawnshop, Kansas. OK Enterprises.
"It was a little awkward," he admitted, "but I saw them pull out a tooth.
"More often than not, they bring in the jewelry they don't want to pass on heir or they don't wear anymore. The gold-
The sales trend that began to pick up two years ago has now become stronger as new ways for customers to unload gold have emerged.
It can be sold via mail, the Internet and Tupperware
Like the "Gold Party", such as the top gold party, a group of friends parties sell gold at home.
In Texas, sellers can pick up dinner while selling her headdress: most of the 50 locations of gold and silver buyers, the state's largest precious metal buyer, in supermarkets or next to them.
Their business volume is so big that they make their own smelting
According to President Larry Gray, this extra efficiency translates into a better price paid to customers.
Items sold include platinum surgical implants found in the cremated remains of a loved one.
Across the country, the motivation for sales is strong: the United StatesS.
The economy remains weak;
The unemployment rate is still high.
Even people who don't need extra money are selling, Crume says, to avoid missing what they think might be the top of the market.
The price of gold jewelry is very different.
"They are everywhere," Crume said . ".
"A Place will pay you $100 for what you have;
The other will pay $1,000.
But Crume says prices have begun to converge over the past three months.
"Whether you sell it to a jewelry store or a pawnshop, it's true," he said . ".
The market is becoming more competitive--
Benefits to consumers.
In the past, sellers were likely to get half the price of the scrap gold market.
Now they get 70 or 80%.
"Experts say you should be careful no matter who you sell it.
Gold prices have risen in recent months
Related fraud and the influx of temporary dealers from Crume and others who call it "rogue buyers.
"They rushed into a small town, opened big ads, offered high prices, and opened a shop in the hotel's ballroom.
After collecting the seller's jewelry and coins, they disappeared and the victim did notor underpaid.
Before you sell it to anyone, please consult the Better Business Bureau to see if there are any complaints against your buyer.
For example, BBB reported that a leading online buyer based in Florida had received 339 complaints over the past 36 months.
The sale of the gold headquarters, a web service that reviews and compares online gold buyers, said in a statement: "We find that consumers often do not realize, the gold scrap value they will get is usually just a fraction of the retail price they originally paid.
Even if consumers use legitimate websites that buy gold online, it is easy to make an expensive mistake by not reading fine print.
For example, some websites offer free shipping to gold, but shipping will be very high if the consumer refuses to quote and asks for the return of gold.
"If you decide to do business with a remote buyer who operates via mail or the Internet, it's best to bring your item to a local jeweler or pawnshop first and let them estimate its value.
In this way, no matter what happens outside, you will have something to compareof-
Don't worry about you abusing the good nature of your local business, says Crume.
He suggested: "go to three or four stores to compare.
"You can find the nearest broker using the website of the National Pawnshop Association.
While the accuracy of the scales used by jewellers and pawnshops is often verified and revalidated
Regular inspection by local weight and measurement department, this may not be established for scales or houses used by temporary buyers
Situation of the party
The price of gold is so high that the price difference of a few grams means a difference of several hundred dollars.
Before you give up the scrap value of gold, make sure it's not worth more in its current form.
"The real estate jewelry market is very big," Crume suggested . "
The old jewelry is usually better quality than what is offered today at the same price.
Consumers are also selling silver.
Crume says he has seen a lot of silver in the last 30 to 60 days.
"At the age of 60 and 70, people bought several bags of silver dollars," he said.
"These people have been sitting on those dollars all the time.
Now we're selling.
The boss knows that it looks like they are going to withdraw the investment right away before they can get it.
"Silver is now priced at $45 an ounce.
"A year ago, it was at a low point in its 20 s," Crume said.
An increase of 100%.
"Not only did he see the coins, but he also saw the set-up of the silverware and the table.
Brian Witherell, operations manager of Sacramento antique dealer Witherell, said, "If you have a silver cutlery service, it's worth twice as much as it was six months ago.
Over the past three months, silver has risen from $30 an ounce to $45.
"Witherell, like Crume, suggests that you think twice because of its artistic value or historical significance to sell an item that may be more complete at scrap value.
He gave an example of a watch fob in the shape of a rail dowel.
It is made from the gold left in the process of making the complete
In 1869, it was used to commemorate the large Jinsui built by the cross-continent railway.
He said: "This is a little thing that is almost an inch long, so its gold value is not very large.
It was sold at auction for $20,000.