Sitting out the front about to go in, 14ct stuff in pocket. Roughly $1000 worth. Lets see what it's worth to them. Have no intention of selling to them. Want free XRF confirmation. I'll get back in about an hour with the info I hope.
Mmm $540 No XRF testing just looked at the hallmarks and ran magnet over it. Would not give price per gram. Just the total Rough working gives me $15 per gram for the 14 ct $9 for the 9 ct So all in all $1 per gram per ct
I'll give you 560 for it Not surprised to see it about 50% of actual value .. I was expecting to see 30% - 50%.
6 months ago I asked for a price on a 1.9 gram nugget. Said it was over 23 ct purity. Quote was for $39, based on their 24 ct prices. He did not use a sarcasm smiley whilst informing me.
Ahah it's brilliant! Something I have been willing to do myself each time I walk past the local gold buyers! I feel sorry for the people who get caught this way. No wonder it's profitable with margins like that!
90% of the people working in the industry wouldn't have a clue - they're just retail employees working to prices they're told. Kiosks will never be a 90%+ of spot proposition. Overheads are too high.
Just got home and did the maths. 20.6g AGW @ 52.31(W Davis and sons buy price for 24 ct.) Total $1077.59 So John rose jewelers southport Qld price of $540 is 50.1% of gold value. She must have seen something she wanted as she said if I get a better price come back. She should have given her best price the first time. Hate dealing with people that try a lower price than what they can really offer.
