Good ways to turn gold to cash


MOST POPULAR: Video, stories and more
SIGN-UP: Get breaking news sent to you from ABC7

7 On Your Side went to a gold party to find out and each piece was examined and measured.

A reporter was offered $411 for a gold necklace at that party. She would later be offered $200 to $635 at pawn shops and it definitely pays to shop and compare.

The founder of Goldfellow says he'll pay you 62 percent of the gold's value.

"Some of the largest companies in this business are, pay as little as eighteen, twenty percent of the consumers value relative to the price of gold," said Michael Gusky.

Don't go to these parties without knowing the approximate value of your gold -- weigh it and check the current prices first.

Be prepared to negotiate. It could be worth a lot of money.

       Today's latest headlines | ABC7 News on your phone
Follow us on Twitter | Fan us on Facebook | Get our free widget

Copyright © 2023 KGO-TV. All Rights Reserved.