Sell Gold in San Diego

[citydweller]

I was at Fashion Valley Mall last week and noticed a new store that’s sole purpose is “We Buy Gold”. I don’t remember the name of the store, I just remember thinking how odd it was to see it in Fashion Valley.

[raty4R]

I would be interested in buying some or all depending on how much you have. How much are they offering you per gram?

[raty4R]

I would be interested in buying some or all depending on how much you have. How much are they offering you per gram?

[raty4R]

I would be interested in buying some or all depending on how much you have. How much are they offering you per gram?

[raty4R]

I would be interested in buying some or all depending on how much you have. How much are they offering you per gram?

[raty4R]

I would be interested in buying some or all depending on how much you have. How much are they offering you per gram?

[4plexowner]

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

~

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

~

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

[4plexowner]

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

~

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

~

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

[4plexowner]

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

~

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

~

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

[4plexowner]

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

~

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

~

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

[4plexowner]

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

~

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

~

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

[anxvariety]

FWIW, someone I know took a white gold ring in with a nice diamond to coin shop. The coin shop offered $19.00, or spot price for it.. they weren’t being shady, as they knew the owner – he was just demonstrating how they don’t buy rings other than for melt price.

It was later sold via Craigslist for $3800. You might be better off selling those items there.

The CashForGold stuff is even worse than spot price, as there are countless former customers who have posted their experiences online.

Look up how much gold is actually in 14k and other varations – you can have a pound of rings and chains that end up not being worth very much melt price.

[anxvariety]

FWIW, someone I know took a white gold ring in with a nice diamond to coin shop. The coin shop offered $19.00, or spot price for it.. they weren’t being shady, as they knew the owner – he was just demonstrating how they don’t buy rings other than for melt price.

It was later sold via Craigslist for $3800. You might be better off selling those items there.

The CashForGold stuff is even worse than spot price, as there are countless former customers who have posted their experiences online.

Look up how much gold is actually in 14k and other varations – you can have a pound of rings and chains that end up not being worth very much melt price.

[anxvariety]

FWIW, someone I know took a white gold ring in with a nice diamond to coin shop. The coin shop offered $19.00, or spot price for it.. they weren’t being shady, as they knew the owner – he was just demonstrating how they don’t buy rings other than for melt price.

It was later sold via Craigslist for $3800. You might be better off selling those items there.

The CashForGold stuff is even worse than spot price, as there are countless former customers who have posted their experiences online.

Look up how much gold is actually in 14k and other varations – you can have a pound of rings and chains that end up not being worth very much melt price.

[anxvariety]

FWIW, someone I know took a white gold ring in with a nice diamond to coin shop. The coin shop offered $19.00, or spot price for it.. they weren’t being shady, as they knew the owner – he was just demonstrating how they don’t buy rings other than for melt price.

It was later sold via Craigslist for $3800. You might be better off selling those items there.

The CashForGold stuff is even worse than spot price, as there are countless former customers who have posted their experiences online.

Look up how much gold is actually in 14k and other varations – you can have a pound of rings and chains that end up not being worth very much melt price.

[Author]

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