Gold Selling Frequently Asked Questions
Gold Buying 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: What does R.G.P mean stamped on my ring?
A: It means rolled gold plated and is not of any real value.

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

Q: Will you buy my broken necklace?
A: Yes, if it is gold we will buy it!

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.

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 gold we will purchase them.

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: 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: 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?
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: 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 gold class ring?
Bring it to Your Exchange! We pay top dollar in cash!

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

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

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: 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 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 flucuates daily but is still high at around $1600 per ounce.

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: 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: How will I be paid for my gold?
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: 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: 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: 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.

Gold Selling FAQs and Gold Buying FAQs


© 2011-2016 Website Design & Hosting by Management Specialties Web Services, LLC.