Arrow-right Camera

The Spokesman-Review Newspaper

Thursday, January 17, 2019  Spokane, Washington  Est. May 19, 1883
Fog 35° Fog
News >  Business

Protect yourself when selling

If you have gold to sell, whether quality heirlooms or pieces of “scrap” (broken chains, a single earring, dental crowns), you need to protect against rip-offs, say area gold buyers.

Here are the basic steps to follow before selling:

• Check with the Better Business Bureau. Some area gold buyers, including one in Coeur d’Alene, have been red-flagged after a series of customer complaints. Or simply do a Web search on the name of company along with the word “scam.”

• Get more than one opinion, including that of a reputable jeweler. Dan Austin, owner of Austin’s Fine Jewelry, said, “Independent jewelers tend to be, as a rule, more knowledgeable than other retailers.”

• Try to find a recommendation through a friend or relative.

• Don’t trust the weekend gold-buying companies that set up in hotels, Austin said. He also advised not to trust online companies that require you to mail gold to them for evaluation and possible sale.

• Don’t expect a big payout. You might get $230 for an old class ring, but don’t expect all the gold you bring in to have high value. Very few casual pieces of jewelry are made of 18-karat gold or higher.

Tom Sowa

Subscribe to the Morning Review newsletter

Get the day’s top headlines delivered to your inbox every morning by subscribing to our newsletter

There was a problem subscribing you to the newsletter. Double check your email and try again, or email

You have been successfully subscribed!