Mikaela's Wake Up Call

All That Glitters

I have a few pieces of jewelry in my back pocket.

Hanging on a jewelry organizer in my closet.

Organized into boxes in a full dresser drawer that I have commandeered from my husband!

Most of it is completely fun, didn’t cost me more than $20-30 and might only be worth something if I turned it into a resale shop.

But there are a few nice items I keep in a jewelry box.  And until recently, there were a few pieces that had made their home in that box.  They were nesting at the bottom, losing their shine and luster after years of not wearing them.

They were nice pieces at the time I received them, all gold from my teenage and college years.  One ring from my “first love” that had a ruby inside of it.  My gemstone and I remember the day he gave it to me.  I thought it was the most gorgeous ring ever and so touched.  There was a bracelet from a guy friend of mine whose parents’ owned a jewelry store.  A ring from my sorority days at Pi Beta Phi at the University of Missouri.  And a ring that my parents gave me when I was 16 years old.  My first “nice” piece of jewelry.

A few years ago, a co-worker’s wife had a “gold buying” party and I had to miss it due to prior commitments.  But I pulled my stash out, wondering what it would be worth and if I should sell it.  The trend has just blown up since then, as most of you know.  There are mail-in companies, parties that come into hotels on the weekends and offer money for your gold, and then there are stores lining West Broad Street and other portions of town with “We Buy Gold” displayed in large letters within the front window. 

Finally, after all this time of being curious, I get to do a story on this craze.  One of our Executive Producers came to me and wanted me to check into it.  Where do you get the most cash for your gold?  Does every offer look similar? 

We learned from the Ohio Department of Commerce that the license applications for gold buyers went up more than 450% in the last three years.  It’s a trend that isn’t fading anytime soon.

Wednesday night on NBC 4 at 6 p.m. we’re going to take the small stash of old gold that I have to three different gold buyers and see what they’ll offer me.  There can be a substantial difference in what one place will pay versus another.

So make sure you tune in or DVR it… and let me know if you’ve had a good or bad experience selling your gold!

Posted by  on 02/29 at 10:09 AM



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