Gold Selling, Gold Buying and Precious Metals Frequently Asked Questions

Q:How much is 14k gold worth?
A: It is worth 58.5% of whatever the current spot price of gold is.

Q: What does 10k mean?
A: It means 10 karat which means it is 10 parts gold or 41.7%

Q: Is my silver worth anything?
A: Yes! It is not nearly as valuable as gold but silver does at up and can put a pretty chunk of change in your pocket.

Q: What does R.G.P mean stamped on my ring?
A: It means rolled gold plated and is not of any real value.

Q: My class ring says Nicromium on it, will you buy it?
A: Nicromium is a non-precious metal and not of any significant value, so no we will not purchase it.

Q: Will you buy my class ring?
A: Yes, as long as it is made of gold or silver.

Q: Will you buy my broken necklace?
A: Yes, if it is gold or silver broken or out of style it doesn't matter we will buy it!

Q: A diamond fell out of my earrings, will you purchase them?
A: Yes, as long as they are gold or silver we will purchase them.

Q: What is a gold party?
A: Much like an Avon or Silpada party, except we don't sell you anything. We simple come to your home and BUY all of your unwanted jewelry while you and your friends chat and catch up on the latest news.

Q: Do you do gold parties?
A: Yes, simply call our retail store at 763-784-7330 or email us @ info@goldpartymn.com

Q: Do you buy old coins?
A: Yes, if they are made of silver we will purchase them.

Q: How do I tell if my coin is silver?
A: Most silver coins are dated before 1965, so if its dated before then it is probably silver.

Q: What is a silver coin worth?
A: Depending on whether it is a dime, quarter, 50 cent piece or a dollar coin, it can range anywhere from $1.50 to $30.

Q: Do you buy silver bullion bars?
A: Yes, we will buy any silver or gold bullion bars is silver in one of its purest forms and will bring in the most money.

Q: What does G.E.P. mean stamped on my ring?
A: It means Gold electroplated which usually has a very fine layer of gold on it and is not of any significant value.

Q: What does H.G.E mean?
A: Heavy Gold Electroplated which is a little bit thicker layer of gold, but still not of any value.

Q: I have a silver bracelet that is gold plated, what will you pay me for it?
A: We will pay out on the silver value for it, there is not much gold at all in plating and no real way to determine how much is there so we can only pay on the silver value.

Q: I have a silver ring that has black hills gold on it, what will you pay?
A: Once again, we will only pay on the silver value most of the time there is a minimal amount of gold there and no way to really be sure how much is there.

Q: How do I know if my silverware is silver?
A: If the words STERLING are not stamped on it, you can bet it is not solid silver.

Q: Will you buy silverware?
A: If it is solid silver, yes, we will and it often brings in a hefty pay-out!

Q: Will you buy old dental gold?
A: Yes, we will as long as the teeth are removed.

Q: What karat is dental gold?
A: Most dental gold ranges between 14k and 18k.

Q: Will you buy gold computer parts?
A: Most components in computers are not solid gold they are only plated. So, no, we will not buy them.

Q: Can I get my gold back after I sell it?
A: No, once the gold is sold to us the sale is final. Only under very certain circumstances are we able to get the item back.

Q: Will you buy stolen gold?
A: Absolutely not If we feel at all as if the item was obtained illegally we will not purchase the item.

Q: Will you buy loose diamonds or stones?
A: At this time we do not buy any loose diamonds or stones, maybe in the future.

Q: Do the stones in my ring bring more value to my piece?
A: As, a piece of jewelry sure the stones do bring more value, but when selling to us as scrap gold the stones do not matter.

We do not pay more or less if the stones are there or missing.

 

Q: Do I get cash for my items or a check?
A: By law we must issue a check, however we do cash the check for free.

Q: How long does it take to sell my gold?
A: Depending on how many items you want to sell, but generally it is only about 5 minutes and you are out of the store cash in hand.

Q: How much do you pay for gold and silver?
A: The price we pay varies daily according to the current spot value but we can pay up to 80 percent of the spot value!

Q: Where can I sell my mom's gold?
Bring it to Your Exchange! We pay top dollar in cash!

Q: Where can I sell my dad's gold?
Bring it to Your Exchange! We pay top dollar in cash!

Q: Where can I sell my grandpa's gold?
Bring it to Your Exchange! We pay top dollar in cash!

Q: Where can I sell my grandma's gold?
Bring it to Your Exchange! We pay top dollar in cash!

Q: How long does it take to sell gold?
We can give you an estimate in just a couple minutes. If you'd like to sell, it only takes about 5 minutes.

Q: How old do I have to be to buy gold?
State law requires anyone selling gold is 18 and over.

Q: How do you test the gold?
We scratch the piece onto a stone and drop acid on what is scratched off. It takes only a few minutes to find out what kind of gold you have!

Q: Can you tell me what the gold is worth before you test it?
Yes. We can give you an estimate in just a couple minutes.

Q: Where can I get the most money for my gold?
At Your Exchange we pay top dollar. And you walk out the door with cash!

Q: Where can I sell my class ring?
Bring it to Your Exchange! We pay top dollar in cash!

Q: Where can I sell my necklace?
Bring it to Your Exchange! We pay top dollar in cash!

Q: Where can I sell my earrings?
Bring it to Your Exchange! We pay top dollar in cash!

Q: Where can I sell my silverware?
Bring it to Your Exchange! We pay top dollar in cash! Keep in mind that most silver is stamped with Sterling Silver or 925. If your silverware is not stamped with those stamps, it's likely not silver. But if you'd like us to test it for you, bring it in!

Q: Can you buy silver butter knives?
Unfortunately because only the handles are silver, and we're not able to determine how much the handle weighs as opposed to the blade, we're not able to buy butter knives.

Q: Where can I sell my old coins?
US coins made before 1960 are made of 90% silver. Bring them on in to Your Exchange and find out what yours are worth!

Q: Do you pay money for the stones in my jewelry?
Unfortunately, we don't pay for the stones.

Q: Can I keep the stones in my jewelry?
Legally, we're not able to remove stones for you. You can remove them before you bring it in to sell, but otherwise all we're able to do is deduct a small bit of the weight.

Q: What percentage do you pay for gold?
The percentage we pay out varies with the current market price and the karat of gold. Bring your gold in to get a quick estimate!

Q: Where can I sell my gold cross?
Bring it to Your Exchange! We pay top dollar in cash!

Q: Where can I sell my broken gold?
Bring it to Your Exchange! We pay top dollar in cash!

Q: Do you buy gold plated jewelry?
Unfortunately we're not able to buy jewelry if it's gold plated.

Q: Do you buy gold filled jewelry?
Unfortunately we're not able to buy jewelry if it's gold filled.

Q: What if my jewelry isn't stamped?
Bring it in to Your Exchange! We can test it for you to tell you what type of gold it is, and how much it's worth.

Q: Where can I get cash for my gold?
Come sell your gold at Your Exchange and you walk out the door with CASH!

Q: Who pays the most for gold?
Your Exchange! We pay top dollar in cash!

Q: Where is the best place to sell Silver in Minnesota?
A: Here at Your Exchange we are able to pay much more for your silver.

Q: Where is the best place to sell gold in Minnesota?
A: Here at Your Exchange we are able to pay much more for your gold.

Q: Where can I sell gold in Minnesota?
A: We buy gold at Your Exchange all of our locations would be happy to give you a quote.

Q: What is the price per ounce of Gold?
A: The price of gold per an ounce fluctuates daily but is still at an all time high of around 1500.

Q: Where can I sell a gold chain in Minnesota?
A: We buy old, scrap gold, broken rings, chains, and pretty much anything made of gold!

Q: Where can I sell my dental gold in Minnesota?
A: Your Exchange buys all types of gold even dental scrap.

Q: Where can I sell a Silver bullion?
A: We buy all types of silver and pay top dollar.

Q: Do you pay more than other places for gold?
A: Yes, the reason we are able to pay more is because gold is not our primary source of income. We offer many other services that provide income so we are able to pay you more for your gold!

Q:Where can I sell my old jewelry?
A: We buy all Gold, Silver, and Platinum at Your Exchange.

Q:Can I sell my broken necklace?
A: Yes, at Your Exchange we buy all unwanted, old, broken Gold, Silver, and Platinum.

Q:How will I be paid for my gold or silver?
A: By law we must pay in check form but we will cash the check FREE of charge, so you will leave with cash!

Q:What is a gold party?
A: It is a fun little get together where you and your friends get together with all of your unwanted gold, silver or platinum and we come and evaluate it and buy it and pay everyone on the spot. We also provide food and beverages and handle all of the planning

Q:Does Your Exchange do gold parties?
A: Yes, under our sister company Gold Party MN. Give us a call @ 763-784-7330 or check us out on the web, GoldPartyMN.com, for more info

Q:Can I keep the diamond in my ring?
A: Yes, you can we will happily remove any stone from your piece of jewelry so you can keep it. We also can buy it from you!

Q:Can I just get an estimate of the value of my jewelry?
A: Yes, at Your Exchange we are happy to give you quotes an approximately the value of items. So stop on in today!

Q:How much do you pay for gold?
A: Well it varies depending on the quality and weight of the item but we will pay up to 80-85% of the value.

Q:What if I don't know if it is real gold or not?
A: No problem! At Your Exchange we will also gladly test and tell you if an item is real or not.

Q:How long does it take to sell my jewelry?
A: Depending on the amount of items it can vary but it is really a quick process and normally takes no longer than 5 minutes.

Q:Do I need to bring anything with me when selling my jewelry?
A: Yes, We do need a picture ID, and also we will ask you for your current address but that's about it.

Q:Can I bring in someone else's gold or silver?
A: You can conduct a transaction for someone else, however all of the info will be logged under your name. We do work closely with the local police departments so if it were to come back stolen it would come back directly to you.

Q:Can I take a loan out on my jewelry?
A: No, Unfortunately we are unable to do loans on jewelry at this time, but we always can buy it from you!

Q:Can I get my jewelry back after I have sold it?
A: No, Unfortunately after we buy the item it is sent to our refinery where it is melted down so ALL SALES ARE FINAL.

Q:What is the difference between 14k and 24k jewelry?
A: The karat refers to the quality of gold that is in it. 24k is pure and 14k is 14 parts gold and 10 parts metal alloy.