My family inherited a necklace and bracelet recently. I haven’t ever owned gold so I took them to a coin shop to see if they were real gold, and they are, 14kt.
The necklace weighs 50g and the bracelet 17g on a kitchen scale. The bracelet also has diamonds in it, but the man at the shop couldn’t determine if they were natural or lab grown.
I got an offer of $3,800 for both, and he said that the bracelet value was mostly in the gold because the diamond market is bad.
I know that jewelry isn’t going to get the spot price, but I’d love thoughts from you folks if you think I could get more for it, and if so, where?
I’d also love some advice on what I’m mulling around doing with the money. It seems like coins or gold pieces (?) hold their value better than jewelry based on some posts here. I keep 5-10% of my investment portfolio in gold/silver, but does it make sense to exchange it for gold in coins, or can/should I just put it into my gold ETF to get the same benefit?