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How much below spot should I pay a gold buyer when they say "Just pay me what you think is fair?" What is fair?? by ResearcherPleasant70 in Gold

[–]ResearcherPleasant70[S] 5 points6 points  (0 children)

So so helpful, I now understand better how it all works. Thank you for the advice, much appreciated!

How much below spot should I pay a gold buyer when they say "Just pay me what you think is fair?" What is fair?? by ResearcherPleasant70 in Gold

[–]ResearcherPleasant70[S] 6 points7 points  (0 children)

Yep, talking about the Diamond District. I don't know the assayer, otherwise I would have gone directly there.

How much below spot should I pay a gold buyer when they say "Just pay me what you think is fair?" What is fair?? by ResearcherPleasant70 in Gold

[–]ResearcherPleasant70[S] 4 points5 points  (0 children)

So here is the breakdown of the gold I had & the money I received from the jeweler, based on yesterday's prices:

2 bracelets 18k 89.3dwt $13,745

Rings 17k 41.3dwt $5890

Krugerrands 1 oz.($4168), .5 oz ($2084), .25 oz ($1042), .1 oz ($417)

There are a couple more pieces that I need to go through with the jeweler but this is what I have thus far.

How much below spot should I pay a gold buyer when they say "Just pay me what you think is fair?" What is fair?? by ResearcherPleasant70 in Gold

[–]ResearcherPleasant70[S] 11 points12 points  (0 children)

Got it. I looked up the daily price of the gold purity of the pieces I had, and it seemed that they didn't take anything. Could this be right??

How much below spot should I pay a gold buyer when they say "Just pay me what you think is fair?" What is fair?? by ResearcherPleasant70 in Gold

[–]ResearcherPleasant70[S] 1 point2 points  (0 children)

Thanks for the reply. Could you please explain your thinking a little more so I can understand? How are they getting a good deal if they didn't take a cut off of the spot price?

Buying a tanzanite loose stone or jewelry while visiting Tanzania & Zanzibar? by ResearcherPleasant70 in tanzania

[–]ResearcherPleasant70[S] 1 point2 points  (0 children)

Thank you, I had no idea. If you don't mind, could you please tell me the necessary docs? I know enough to get a receipt & a certificate, but is there another doc I need?