We will buy all of your unwanted gold, silver, platinum or diamonds!
Open Monday-Saturday 9:30am-4pm!
What we accept:
Gold jewelry- from broken to pristine
Platinum jewelry- from broken to pristine
Gold & Silver coins
Sterling silver flatware and giftware
Diamond jewelry or loose diamonds
GIA certified diamonds (please bring certificate along with the diamond)
What we can accept, but may contain little value
Silver coins minted after 1964 (except Kennedy half-dollars minted 1965-1969)
Everything has some sort of value, whether it be inherent in the metal or stones, or a personal sentimental value to you. If you're considering selling a jewelry item you simply don't wear, let's say for example a diamond ring that you were hoping to get more money for than the market is currently allowing, you might be happier converting the diamond ring into something else you will wear. Our custom design shop is full of endless possibilities! We can take your diamond ring set in gold, remove the diamond, melt the gold, use the gold to create a unique pendant setting and put your diamond back in. You still have the original gold and original diamond, but in a piece you will want to wear every day! This is an especially good solution for somebody with heirloom jewelry that are outdated in style.
If you have a set of housewares that are silver-plated that you are looking to get rid of, and you're quoted a very low price based on the weight of the base metals, you may consider handing them down to friends or family or donating them to a reputable charity. Remember- everything has value, it's just not always a monetary value!
How it works
Come in during regular business hours with your unwanted gold, silver, platinum, or diamond items. Feel free to bring them in whichever way you feel- in a bag together, in a box, in your pocket- it doesn't matter to us!
The amount of money you will receive for your items depends on a variety of factors. Just like the stock market, the price of gold fluctuates throughout every single day. One day you may get $100 for a gold chain, while you may receive $85 for the same chain on another day. It's all based on the current gold price, and in order to lock in the price you must be in the store with the item.
Another factor that will effect how much you are receiving for your items depends on the purity of your items. The price of gold is based off of pure, 24k gold. Because 24k gold is very soft and malleable, most gold jewelry items are crafted from 14k or 18k gold, which are 58% and 75% pure gold, respectively. If, for example, the current price of gold is $1000 per ounce for 24k, you can expect to receive $580 for an ounce of 14k gold, and $750 for an ounce of 18k gold, less our fee.
If you are bringing in silver coins, make sure they are dated before 1964. This is because silver coins like dimes, quarters, and half-dollars minted prior to 1964 are 90% silver. Most coins minted after 1964 are a copper-nickel clad and possess no value. The exception to this are Kennedy half-dollars minted between 1965 and 1969, which are 40% silver.
If you are bringing in sterling silver flatware or giftware- things like forks and knives, teapots, candelabras, serving platters, etc.- make sure they are silver as opposed to silver-plated. Silver-plating takes a very thin layer of silver and bonds it with another base metal. Common base metals are copper, brass, or nickel, and items like these which are silver-plated contain very little value. Check if your items are stamped- if they are stamped "EP, EPNS, or Silver on Copper" you now know they are electroplated silver items. They do contain some value for the base metal, but the silver-plating itself does not possess any value.
If your item is stamped 925, that means your item is 92.5% silver- that's good! You also might find you have some silver items stamped 900 or 800. These silver items are 90% silver and 80% silver, respectively. If, for example, the current price of silver is $20 per ounce, you can expect to receive $18.50 for an ounce of 925 sterling silver, less our fee.
If you are bringing in diamonds, be aware that there are many different factors that determine the quality of a diamond! Size, shape, condition, color, and clarity all play a role in the ultimate resale value of a diamond. If you're unsure of where your diamond falls in each of these categories, please stop by and speak with our owner Mark who will walk you through each area of grading to let you know exactly how much your diamond is worth!
Marquis Jewelers 80 Winchester St. Newton,MA 02461