Gold parties?

AGDee · #1 01-22-2008, 12:25 AM

So, these gold parties are all the rage around here these days. Some company comes into a home and people bring their "old" gold.. be it tangled herringbone chains from the 80's, broken bracelets, single earrings (lost the other half), etc. and they pay you for the gold based on the weight and the karats. I'd heard about a couple people going to them and walking away with a couple hundred dollars from a few pieces of jewelry. Now I've been invited to one. I will definitely take my first husband's wedding ring because it's been sitting in my jewelry box since 1990 and I don't know what else I'd do with it. I tried to pawn it once and they offered me twenty bucks for it, but that was in 1991.

So, is this a Michigan thing or is this going on all over? Has anybody made big money taking their old stuff to one of these parties?

d1va25 · #2 01-22-2008, 12:28 AM

hey. i've never heard of that before, but it does sound interesting. but one question, do the hosts make off with all the cash that the guests generate from their old gold? or is this a joint effort where all involved split the proceeds? i'd be kind of mad if my name ring got melted down and someone else reaped the benefits. :-)

PM_Mama00 · #3 01-22-2008, 10:47 AM

Ahh so you know Cesare? Lol he gave us flyers for his daughter's gold parties.

Benzgirl · #4 01-22-2008, 01:59 PM

I have never heard about a party, but I see ads on TV all of the time for buying it. From what I understand, they pay you the absolute minimum, since they will be melting it down anyway. They bill it as, "get paid for your broken junk"

Incidently, I sold a bunch of junk rhinestones on eBay about a year ago. These we piecees that were broken or missing their stones. An artist bought them and she turns them into new jewelry.

AGDee · #5 01-23-2008, 12:29 AM

Quote:

Originally Posted by PM_Mama00

Ahh so you know Cesare? Lol he gave us flyers for his daughter's gold parties.

I don't know what company or person is doing the one I was just invited to. My cousin who went lives in Macomb Township and this one is in White Lake, so I don't think it's someone who is downriver based.

I figure I'll take my stuff and see what they offer. They do tell you what they'll give you for it and then you can decide what you want to sell them. Since I know a pawn broker offered me $20 for my first husband's wedding ring, I have something to sort of base whether it's a good offer or not. I went through all my mom's old jewelry and separated out stuff I wanted to keep for it's sentimental or family heirloom type value but I know I saw a lot of kinked herringbone chains in her stuff. I need to go through the box again and pull out all of that. If it's stuff I'm not going to use, why not?

By the way, we went to your restaurant for my daughter's birthday! I looked for someone who looked like you and was going to say something if I thought I saw you, but I didn't. I had the lasagne... it was awesome.

PM_Mama00 · #6 01-23-2008, 02:09 AM

He's our espresso guy Lol but I guess my dad has known him. Very nice guy. I have SO much gold from my 27 years of being alive. For those who don't know, Italian children start getting pricey jewelry the minute they are born. My nephew got 3 or 4 beautiful, large crosses for his baptism. I'm not sure if I would do it though.

What night were you there? I usually work days but I was there Saturday night. And FYI we have our guitar player there on Fridays and Saturdays and while he takes his yearly trip to France, we'll be having an Italian father and son come in and play on the weekends... accordian and banjo! You'll def have to stop in again and let me know!

AGDee · #7 01-23-2008, 06:53 AM

It was Saturday, the 12th. She didn't decide until the last minute where she wanted to go and she picked yours because she wanted cannoli!

PM_Mama00 · #8 01-23-2008, 11:27 AM

Aw I was there that night till about 6. My brother surprised me with a party bus that night at the restaurant lol. Yeah our canoli are pretty damn good too!

Scully · #9 01-23-2008, 01:32 PM

I've never heard of a Gold Party, but it sounds like a neat idea. One question - do they have jewelers on-hand to ensure that the gold is indeed real? Or do you just walk around during the evening with the piece you like - and oh - if it turns your hand green you pass it back?

AGDee · #10 01-23-2008, 03:44 PM

I guess they have some sort of thing that can read whether it's gold or not and how many karats. They differently based on the quality.

goldpartywoman · #11 03-05-2008, 10:59 PM

I do these Gold Parties. I have a jeweler come with me who helps me check the gold items. We have methods we use to see what karat the item is (i.e., Acid Test, Gold Tester, and by the inscription). After we determine the karat of the item we place it into a pile until all items are seperated by karat. Then we weigh each karat pile (i.e., 10K, 14K, 18K, etc.). Gold is weighed by grams, we then multiply the gram weight times the price we pay per gram, which is the highest it has ever been so now is a good time to sell. We write up on a receipt what we bought and paid you and then give you a copy. We also accept silver!

Gold parties are new and they are growing in popularity by the day. A lot of people advertise but my reputation and referrals have far perceded what any advertising could do. Please call me anytime to ask more questions, (269) 720-1923........... p.s. Just because I get asked a lot, the area code is from Kalamazoo when I lived there 5 years ago, I currently live in St. Clair Shores.

AnchorAlumna · #12 03-05-2008, 11:40 PM

Quote:

Originally Posted by AGDee

So, these gold parties are all the rage around here these days. Some company comes into a home and people bring their "old" gold.. be it tangled herringbone chains from the 80's...

Hey!

I'm still wearing mine!

AGDee · #13 03-06-2008, 12:10 AM

Quote:

Originally Posted by AnchorAlumna

Hey!

I'm still wearing mine!

Some of mine were so kinked up they were unwearable. I ended up making over $750 on the gold I brought.. and it all fit in one hand! I was very excited! Who knew my first husband's wedding ring would bring in some real cash someday!

honeychile · #14 03-19-2008, 02:14 PM

Quote:

Originally Posted by AGDee

Some of mine were so kinked up they were unwearable. I ended up making over $750 on the gold I brought.. and it all fit in one hand! I was very excited! Who knew my first husband's wedding ring would bring in some real cash someday!

Hmm... I'd try my former wedding band, but it's probably fool's gold!

I do like the idea of the parties, though. My brother put my class ring down the garbage disposal, and I just have the remains - it's still gold, though. And of course, the regulation 80's gold chains, the funkier heirlooms, etc.

AGDee · #15 03-19-2008, 04:20 PM

Funky heirlooms..yeah. My mom had one ring with an Amethyst heart in it. My daughter loves the stone but didn't like the design of the ring. The guy took all the major stones out and gave them back to me, so I have a heart shaped Amethyst that I plan on using to make into a pendant for my daughter. The ring wasn't her style, but she'll still have something special from Grandma this way. Besides, my daughter is more into silver than gold.