go to Cellar Coin on Garnet in PB – Mike and April will take care of you and they won’t screw you for 20%
you will be paid the spot price of gold ($934/oz this morning) minus a ‘premium’ – the premium is how coin / bullion dealers make their money
the premium varies depending on what type of coin you have – Krugerrands have a lower premium than American Eagles, for example – premium changes depending on market conditions
Kitco.com is a good place to check prices online – right now they are showing $947 as their buy price for a Krugerrand (note this is higher than spot price which could indicate that supply is limited so they are willing to pay more than spot price for coins) https://online.kitco.com/selling/index.html
just to reiterate, talk to Mike at Cellar Coin – he will take care of you and pay you a fair price – from my experience (buying both my gold coins), he has the best prices in San Diego
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the next issue is taxes
I find it offensive that the govt charges taxes on precious metals (PM) transactions – PMs are the only honest money – when you trade your fiat dollars for precious metals you are exchanging one form of money (dishonest) for another (honest) – why should there be a tax when you change back from honest money to dishonest money? – and, the tax is 28% because the govt categorizes the PMs the same as collectibles – again, total BS
anyway, you have to decide how to handle the tax aspects of any PM sale – if you sell 20 oz or more of gold the coin dealer will be required to report the sale and issue you with a 1099 – a sale of less than 20 oz is a non-reportable event and no 1099 will be issued – verify the 20 oz level with Mike – don’t provide your SSN and there will be no 1099 – if you have more than 20 oz to sell you might choose to sell 19 oz to several different dealers – again, you have to decide how to handle the tax issue
I am not a tax planner, CTA, PM dealer or any other type of financial advisor – I am providing this information for entertainment only – if you interpret this information as advice you are doing so at your own peril
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edit: oops – just re-read your post – you don’t have coins, you have jewelry – Mike won’t buy your jewelry because he isn’t a pawn shop – you might call him and ask for a recommendation as to where to sell your jewelry
