Turning That Jewelry Box Into Cash

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Jul 8, 2011 3:53 am

Lately we have been cleaning out my house which we just moved into. We were really surprised at all of the seemingly valuable stuff they left behind. There was classy looking furniture most of which we have put to good use. There was a dresser full of men's clothes which we were able to donate to charity. But then there was the Pièce de résistance.

A jewelry box with dozens of compartments leading still dozens more pieces of gold. Turns out most of these pieces are pretty new. We were shocked. We thought they might be valued fat higher than their weight in gold because the previous residents had been so old. In fact they were worth only as much as their weight in gold, which was no small amount either.

So it almost goes without saying that in this bullish gold market, with the blessing of the previous residents(we checked), that we would hoist this pile of jewelry over to a NYC gold refiner. That gold refiner gave us nearly six hundred dollars for the stash and that was a great boost to our first mortgage payments. Seriously, if you find gold that has no sentimental value to you I don't see why you wouldn't trade it in for cold hard cash.