home


 

 

Main Menu

 

GOLD RATES

We began to research the gold market in response to client demand several months ago. What we found was a bit surprising. It's hard to get a straight answer on how it all works. We wondered why.

The precious metals market is very lucrative. In many cases, we discovered people are not getting full value. It's hard to get a quote over the phone. Even in person we found that people disappear into a back room and return with a number - take it or leave it. No explanation, no basis for comparison and no direct relation to the market value of gold. Like anything, you should always ask questions.

At the Internet Auction Company, we treat gold like any commodity we help you get top dollar for. All of our eBay sales are transparent to you and we feel precious metals should be no different. The best part is that we can offer you a higher percentage on gold because we don't have to compensate for the 10% eBay and PayPal fees we normally pay.

At $900 per troy ounce, this equals approximately $11-$13 per gram for 14K Gold. You should always ask, “What are you paying per gram for 14K gold?”. Get a direct answer. If you get a quote given in a different unit of measure, ask to have it translated into grams. If you don’t get a direct answer, you should wonder why.

To understand the basics of calculating the different karats of gold in relation to the market price, please see our Precious Metals page. For those who wish to understand this in more depth, the link below is an online precious metals calculator that is self-explanatory.

Precious Metal Calculator from Dendritics

Download and Print Our Worksheet

Here is how our process works. You schedule an appointment with us and bring your gold in for an estimate. You sit right next to us and see everything for yourself. We give you an estimate of what we can put in your pocket. If you decide to sell your gold with us, we categorize it by karat/weight and lock in the price with our gold refiner.

After this, we remove any gems and return them to you. We test the gold to ensure its authenticity and give you an exact quote. We sign our agreement which states exactly what you will receive. It is also an agreement that you are the rightful owner of the property, just as with anything we sell for you. You will receive a detailed written receipt.

QUESTIONS


If I get a quote elsewhere, will you beat it?

We have no interest in "gold wars". If our normal rate structure results in more for you, we will be happy to help you. You can use the information we've provided and the calculator above to get an estimate before you shop around.

What if I have gold coins?

Gold coins are generally worth much more than their weight in gold. We research the coin and determine its selling price. If it is a valuable coin, then we auction it via eBay to get the highest coin premium for you (see our eBay rate page).

Why do you test the gold?

I was shocked at how much convincing counterfeit product there is out there. This is one of the reasons other buyers tend to pay less. Obviously they test large items, but there are losses when the refinery clears batches of smaller items. If a piece of gold is rejected by the refinery, we credit them. This is one of the reasons they give us great rates that we can pass on to you.

How do I get paid?

After sorting your gold and advising you of the value, we pay you right then if you decide to sell. If you do not want to sell, we give you a free written estimate and you're free to shop around.

Please feel free to call us or use our contact page to answer any further questions.

You can call (360) 930-8888 to set up an appointment.

Copyright © 2007 KitsapAuction.com. All rights reserved.