Storage Auctions
The Storage Locker => General Storage Auction Talk => Topic started by: jrossjr79 on May 02, 2011, 04:04:24 PM
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I am wondering on this topic. This is what I generally do. All silver, gold, and platinum I scrap out for its melt value unless it is Tiffany, a Vintage or Antique Heirloom piece, or James Avery.
Curious on what every one else does.
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I take it all to a coin/gold shop which I trust.
I have them look at the stuff that is not that great as jewelry and give me a price.
Before I accept or reject it I then ask about another piece (the best piece and one I have not shown) and
get a price on it to combine with the other.
This way I have some feel for what the scrap value is as opposed to what I might ask as a jewelry piece.
About 25% of the time I keep the best piece and sell it at the flea or on eBay.
As a side note. At my flea market there are 5 guys with "compramos oro y plata" signs. They buy it and then resell it somewhere down the line. This is at a flea market with about 200 or so total vendors. Even the low end flea markets in town have these people buying and selling.
The only platinum I have run into was the two catalytic converters which were stolen from two separate cars about 1 year ago. I guess that's what insurance is for.