Tag Archives: jewelry

Need cash? Want to help your freinds get cash? Schedule a Gold Party!

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It seems as though these things run in cycles. Everybody is doing one type of party or another. Plastic ware, kitchen utensils, jewelry or cosmetics. The Gold Party difference is that your guests walk away with more money than when they arrived!

Why plan a Gold Party?

With tough economic times, it can be tough to ask your friends to come and spend money. With a Gold Party, just the opposite happens. They actually receive money for items they no longer want or need. Just this month, we have participated in two gold parties in which the hostesses received well over $600 each. And at each of them, the guests were very surprised – and pleased – at how much their “old junk” would fetch – just in scrap value!

What old gold items to have your guests bring

“What will they buy?” is a common question. Basically, if it is made of gold, we buy it. At our last party, we saw several herringbone necklaces that had been twisted or pulled out of shape. They are no good as jewelry, but melt them down and the gold can be re-used. We had old broken watches, mis-matched earrings and even a dental crown! If it’s gold, we’ll buy it. Your guests will be happy – and so will you.

How to schedule a Gold Party

Just give us a call at 816-718-5251. We’ll be happy to help you with information, invitations and other plans. While we can’t guarantee that every party will net the host $600, you never know.

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Should you sell your gold at a Gold Party?

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A Gold Party can be a fun way to get some extra cash.

At a Gold Party, your guests can enjoy a good time and receive some extra cash.

We see a lot of advice for people who want to sell gold floating around the Internet. Some of it is well-intentioned. Some of it is thinly-veiled advertising by some Internet gold buying company or other. The real challenge is to figure out what advice is legitimate, and what advice is simply designed to scare you away from competitors.

One thing we see time and again is this advice: Don’t sell your gold at a gold party. Is this good advice or isn’t it?

Why do they advise you to avoid Gold Parties?

Many times, it isn’t clear if they are talking about the big gold buying events that are held in local hotels or if they mean small parties held in the homes of your friends. As regards the big hotel events, we have heard some horror stories that might make you want to avoid them. We’ve heard of companies that come in, set up, write a bunch of bad checks and then skip town with the gold. We’ve heard of competitors that come in and set up in a small room next door and then misdirect people from the company that actually paid for the advertising. We are sure that there are other reasons to avoid these events and, due to the bad publicity, South Kansas City Gold Buyer hasn’t participated in any of these. We don’t want the taint of guilt by association.

Some clearly advise, however, that you avoid the smaller, private gold parties, too. Their reasoning is that the gold buyer has offered the host a cut of each purchase and that the host’s payment surely must come out of each guest’s pocket. It’s possible that some gold buyers do operate that way, but here at South Kansas City Gold Buyer we don’t do business like that.

Why we like Gold Parties at South Kansas City Gold Buyer

When we participate in a gold buying party, we treat each seller/guest just as we would if we met them as an individual, private client. We use the same computer program to calculate the value of their gold and to make a cash offer to them. If someone calls for a private appointment or sells their gold to us at a gold buying party, they will get the same price from us.

So, where does the host’s payment come from? We pay that percentage (usually, it’s 10 percent of the value payed to their guests) out of our profits. We don’t feel any need to short-change their guests to keep our profits high. We are glad to share that with the host for all the hard work that they put into gathering all their friends in one place for us.

Consider what the host has done: The host does the advertising for us. Often, they are a past customer, so they give us a great testimonial that sets their friends minds at ease. They explain what we do and do not buy – and how much we pay. They save us the gas and time of going out to meet all of these people individually. They also provide a fun-filled, relaxed atmosphere that eases some of the tension that some gold seller’s have. For all of that, we are more than happy to share some of our profit with them.

Bottom line: A Gold Party can be lot’s of fun – and profitable.

If you attend a Gold Party with South Kansas City Gold Buyer, you can feel sure that you are getting the same fair price we offer to all our clients. It’s a good way to sell your old gold in a fun, safe, comfortable environment. And if you think you might want to host a Gold Party, don’t hesitate to give us a call. We will be happy to help you and explain any other questions you might have.

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Gold is Gold – Scrap Gold Can Be Found in the Strangest Places.

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With the economy in the shape it’s in, we get calls from people asking some pretty strange questions. Every week, we get asked if we buy other metals, or if we just deal in gold. The answer is that we don’t buy aluminum cans or old copper wire, and we don’t do much with silver, either. (When you consider the difference between $18 an ounce versus $1200 an ounce, you can understand why.) But if something is made of gold, we are interested. However, there needs to be a substantial gold component, or the processing doesn’t justify the value received.

Things We Do Buy

Of course, gold jewelry is the biggest portion of our business. We also buy some gold coins, but that isn’t really something we specialize in. We really are recyclers of gold, not speculators. But anything that is made of gold is fair game.

We have purchased the filings and grindings that are left over from the jewelry making process. We have also bought some of the sprues and other little odds and ends that are cut off after a piece of jewelry is removed from the mold. We have dealt with some amateur jewelers who have rings and whatnot that they never finished, and now the gold is worth more than when they bought it.

Gold crowns also have scrap gold value.

Even old dental gold has value.

Another source of gold can be old dental work. This week we dealt with a family that was cleaning out the home after their mother had died. Tucked away in a drawer were four old crowns – with the teeth still in them! When they called to ask if we would buy them, we said we would – but asked that they get a pair of pliers and try to remove all the ‘extra material’ that wasn’t gold. When we met, there was only one that still had the old filling still in it. A little judicious pressure applied from a pair of pliers, and all we had left was four little pieces of 18 karat gold. Of course, crowns aren’t all that big or heavy – who would want that much weight in their mouth? – but we were still able to give them $90 dollars. Even though the wife thought it was a little creepy, who would throw $90 dollars in the trash?

Things We Don’t Buy

We once received a call from a business that had 1100 computer chips. Each of the prongs on each chip was plated in gold. Unfortunately, the advancements in manufacturing technology means that they can get by with less and less gold in their products, so the amount of gold in each chip was only worth a few cents. Compared to some of the older Pentium processors – which had about $10 of gold per chip – the cost to grind them down and extract the gold was prohibitive.

This week, we had a lady show up with 6 gold plated spoons and forks. Unfortunately, gold plated products are also not worth the trouble to try to extract the gold. Once everything is melted down, the percentage of gold makes processing cost prohibitive.

Keep Your Eyes Open For Sources of Scrap Gold

Bottom line – gold is gold, and it’s worth money. While we might scratch our heads sometimes, we will try to work with you to figure out if what you have is valuable. If not, well, you haven’t lost much. And who knows? You might stumble on something that has real value.

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The Difference Between Gold Jewelry and Scrap Gold

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We get a lot of calls from people who want to sell their gold jewelry. South Kansas City Gold Buyer is a buyer of scrap gold. We don’t deal in gold “jewelry” like a jewelry store might. Everything we buy gets melted down.

If it’s broken, bent, old or ugly, we love to buy it. If you have an antique or exceptionally fine piece, we aren’t for you. We don’t buy anything and try to sell it as fine jewelry – that just isn’t the business we are in. We are like the guys who recycle old cars for the steel, or aluminum cans  to make new airplanes. We just put the metal back into the supply chain.

One problem jewelry sellers face is the current economic climate. People are hard up for cash – like many sellers – and aren’t buying luxury items. Most people are looking to sell jewelry instead of buy it. It just isn’t a sellers market right now. If you think you have something really valuable, we would recommend that you try a jeweler, consignment shop or just sell it yourself. Just be really careful that they aren’t offering you scrap value, instead of actually buying your piece as jewelry.

If you aren’t sure where you should sell your jewelry, we can help you figure it out. Read our recommendations for the best place to sell your old gold.

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What is a Fair Price for Old Gold?

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When you decide to sell old gold jewelry, one of your chief concerns is to get a fair price. With the price of gold going higher every day, it would seem like you would be able to get a decent price for your scrap gold no matter where you go to sell it. Unfortunately, this isn’t the case.

There are a couple of issues that you need to be aware of when you decide to sell your old gold. First, there are definite costs involved in recovering the gold from whatever piece it is currently in. Buying, refining and selling all have costs associated with them, and each company along the way needs to make a decent profit.

The key thought here is that they deserve a decent profit. According to a Consumer Reports investigation, some Internet gold buyers are paying as little as 11% of the spot price of gold for the items people are sending in. That’s indecent to the point of being scandalous. In their article, Consumer Reports suggested that 50% was a reasonable offer. To give you an idea of how low the Internet guys are, our offers start at 60%, with 63% being closer to the average we round up to. Basically, they will pay you one-sixth the amount a local gold buyer like South Kansas City Gold Buyer will.

Second, as the old saying goes, knowledge is power. Many gold buyers will try to cloud the issue by using obscure systems of measurements (like pennyweights) that no one but a jeweler can use or weigh. Others will give you a quote by Troy ounce (which is different than a regular ounce) or by the gram. To us, the clearest and most direct way to quote a price is by the percentage of the spot price we will pay. And anybody you call can do that, even if they won’t admit to it. That’s how all of us get the price per pennyweight, gram or Troy ounce. We use some percentage off the spot price. If a buyer won’t tell you what percentage they are paying, move on.

So when you comparison shop, compare apples to apples. Ask for the percentage they are paying. And get a fair price for your old gold.

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Cash for Gold – Is This a Scam?

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Every where you turn you see advertisements that promise Cash For Gold. Is this legitimate, or is it some kind of scam? The answer: The idea itself is legitimate, but many of the people involved are definitely running some kind of scam.

Recycling Old Gold is a Legitimate Business

Old, broken, unwanted or out of style gold is worth cash

You really can turn old, unwanted gold into cash.

The idea of recycling valuable materials so they can be reused isn’t anything new. Junk yards recycle car parts, and eventually crush the remains for the steel. Many of us participate in programs to recycle paper, aluminum cans, glass and plastic to save raw materials and create new products. The only difference with recycling old gold jewelry is that the base material is so much more valuable. Unfortunately, the high price of scrap gold draws in more than its share of scam artists.

Legitimate gold buyers provide a valuable service. Rather than throw away broken or mismatched gold jewelry, you can recycle it and reap some financial rewards as turn your old gold into cash.

Beware of Cash for Gold Scams

There are two factors that can cause you problems when you go to sell your old gold jewelry. First, if you don’t know what you are doing, it is easier for someone to pull some sort of a scam on you. Second, depending on who you go to, certain types of gold buyers lend themselves more easily to unscrupulous individuals.

Know the Cash Value of Your Old Gold Jewelry

This isn’t as hard as it may seem. We have broken this down on our main website to make it easy for you to know the value of your old gold. Just spend a few minutes and you can be armed with quite a bit of information to protect yourself from the cash for gold scams.

Pick the Right Gold Buyer

In order to be treated fairly, you need to know where to go. All gold buyers are not created equal. The end result you are looking for will determine where to sell gold. Knowing how the different types of gold buyers operate can also protect you from getting into a situation where you are subject to a scam.

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