Nuggets of advice before you sell gold
By Erin White/McClatchy Newspapers
As gold’s value has shot up, so has the number of people trying to unload a broken chain or a mismatched earring or two.
Though the price of gold has fallen since the record-breaking highs of more than $1,000 an ounce in mid-March, it can still bring a pretty penny when sold for scrap. (Selling for scrap means that the gold is melted down.)
But with gold’s rapidly fluctuating prices - not to mention all the fortune hunters trying to get in on the latest gold rush - an urban forty-niner has to be careful to find a fair price.
“There are going to be a lot of people who are going to say, `Hey! We’re buying gold now,’.” says Stephen Stierstorfer, co-owner of American Coin & Jewelry Exchange, in Fort Worth, Texas. Stierstorfer says he’s wary of so-called traveling gold buyers, who sweep into town, buy up the precious metal and hit the road. He also recommends checking out a buyer with the Better Business Bureau.
If you’re ready to sell some gold jewelry, coins or other items around your house, here are answers to common questions about selling gold. (more…)

Fake Morgan dollars identified by Montgomery, Ill., dealer Tom Campbell of Tom’s Fine Coins led to an April 4 arrest of an individual who was attempting to sell them through online classified ads.
(Bill Bugert - Editor: David Lange, Director of Research for the Numismatic Guaranty Corporations sent me this note on January 23, 2008.)















