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Updated almost 15 years ago on . Most recent reply
Cash for Gold Storefronts?
Timothy W.Poster
#3 Off Topic Contributor
#3 Off Topic Contributor
- Attorney
- Viera, FL
Anyone know anything about those Cash for Gold storefronts that seem to be popping up like Starbucks? Reason I ask is I have a commercial space in a blue collar area and am researching to see if there's something I should be in on with this. Thanks.
Tim
Most Popular Reply
Originally posted by Tim Wieneke:
I just watched a report where the Cash4Gold website has been giving people about 25% of the melt value. Geeze....
Not far off. I had a one oz coin on me a couple months ago while walking past a cash for gold store. Spot price was $1150.00 an oz that day. I was curious to see what they'd pay. They weighed it: A perfect ounce in grams (they tried to make it confusing).
They offered $400.00. Luckily I have a good coin shop I do business with. And APMEX. I laughed. The cash for gold guy laughed too. He was basically a puppet running a script.