What do you think of Cash for Gold/Selling Jewelry to Jewelry stores?

Hi Courtney412. The thing about selling to places like that is that they only pay for the weight or "actual" value of the object. So, say you paid a couple hundred dollars for a ring in a store because it had a nice stone or design or whatever. You take it to one of those places and they will only give you the worth of the weight of the gold. Most cases, that's less than a quarter of what you paid for it. They don't care about sentimental value or the setting or anything like that. Like another responder said, you'd be better off melting it down into a nugget and selling it that way. I was hard up for cash once upon a time and had a really nice gold ring with a blue topaz stone in it that my father had given to me once upon a time. I thought....this should get me a nice chunk of change to tide me over so I took it to a pawn shop. They offered me $25. My father had paid over $500 for it! I got educated about it pretty fast after that! lol.

I've seen the commercials, but have never sold my old jewelry to them. I have considered taking all my old gold to a jeweler and have it melted down in to a "nugget" and keep it for when times get bad...

It sounds like a complete gimmick to me. In my experience, if something sounds like easy money, it's either very little money or it's a complete scam. If you really need the money, you might be better off selling it to a pawn shop or putting it up for auction on ebay.