Selling Gold for Cash: My Experience
*Update: Tulsa Gold & Gems is located at 91st & Yale in Tulsa, OK or you can order a free gold kit online from anywhere in the nation on GoldBuyersExpress.com. If you choose to go into the Tulsa location, be sure to take this $50 Money Saving Queen coupon with you! Print the coupon and if you sell $250 or more in gold, you'll get an extra $50 for shooting a short video! That's free money!*
A few weeks ago, I wrote this article Trade Gold for Cash and have been digging through my jewelry box ever since. Our readers have been sending in their stories like crazy and posting their pictures on our Money Saving Queen Facebook page but now it's time for me to share with you my experience.
First, I asked a TON of questions! I've heard the scams too and all the infomercials so I was a little nervous. However, my great aunt turned in her gold recently from garage sales and cashed in enough to buy a new car with cash. Yeah, that was cool.
After talking with Tulsa Gold and Gems (91st & Yale) and finding out that they not only have the absolute highest payout in the country but that what they pay is posted on their website WeAreGoldBuyers.com, I felt much better about taking in my goods.
I dug through my jewelry box and my mom's too and found my old tulip ring, my class ring (I wore it for one week and do not intend on wearing it again...I was a nerd in high school, not something I want to be reminded of everyday) and old necklaces (remember those gold chains?). I took those into Tulsa Gold and Gems expecting to get enough money to go out to eat. Literally, I was in hopes for $20. When I arrived, I found the place covered with security cameras and they even buzz you in making you feel secure.
They took the gold (and silver) and inspected it. They then bagged the pieces they were interested in and came back, the bags were labeled with the amount they were willing to pay and the weight and carat of the gold. I then had the choice to sell them my gold or take it back. Totally up to me, making this a risk free deal.
Of course, I said 'sell it!' Here's the shock. My old junk jewelry was actually worth $683.00. WOW. Yes, I am a dork but that is a real reaction to the amount they told me. We were in the middle of trying to save money for a weekend trip to Wisconsin and that literally paid for our trip so I was about 10 steps beyond excited.
Tulsa Gold and Gems is located at 91st and Yale in Tulsa however, you can also trade it online if you do not live in the Tulsa area. Your box is insured up to $5,000. Just visit WeAreGoldBuyers.com for more information. Again, they have the highest payout in the nation so it's worth looking into.
I'm not suggesting you sell your wedding ring or other sentimental items, what I brought in was literally stuff that I would never wear again and a few of the items were broken too. Now that I'm fully addicted, I've been cleaning out my house and found old coins and other items that I'm going to take back in.
If you do decide to visit Tulsa Gold & Gems in Tulsa (91st & Yale) and you earn $250 or more on your transaction, be sure to tell them Money Saving Queen sent you and they'll let you shoot a short testimonial video and you'll get another $50!! But, you do HAVE to mention Money Saving Queen to get the deal!
I had a great experience enough to do it over again and send my family in as well. I found this to be another easy way to earn extra money especially if you have stuff just sitting around that you would either give away or throw out in a garage sale. Visit WeAreGoldBuyers.com to find out what they take and how much they pay, they also have a great FAQ section too.
If you're planning a summer trip, take a look around your house. You never know if those old broken necklaces from high school boyfriends might actually be worth something!
Disclosure: Tulsa Gold and Gems is a paying advertiser however, all opinions and experiences are mine. You can read more about our disclosure policy here.