Jewelry >Gold Rush Coins & Jewelry
5376 Sunrise Blvd, Fair Oaks, CA | Directions 95628-350638.663140 -121.272013
Monday to Friday: 10 am - 6 pm
Saturday: 10 am - 4 pm
Scammers – These people are scammers, they say one thing and do other, went to sell them silver and 23 grams of gold and they gave me the lowest price in Sacramento, and they tried to tell me my 14 k jewelry was 10 when no other jewelers told me this, scammers don't go there
Honest and friendly – We were treated very well and provided a thorough explanation of gold and silver values. Service was friendly and helpful. highly recommend this establishment!
I Wasn;t paid what they claimed to pay – I've been to this place a few times , sold them some scrap gold jewelry and thought it was a pretty descent business ,,,, I never really checked thier math , just took thier word for it so I'm not sure if I was treated fairly in the past , I can't be positive if I was or wasn't ,..
But the last time I went there ( fri dec 2nd 2011 )
I did my own math ahead of time . checked prices , etc.
I sold them 17.4 grams of 14k gold which they claimed to be paying 77% of melt value for ( a fair price and common practice ) my math I did ahead of time came to about $440.00 I should have been paid ...the guy working there told me that $385.00 was 77% of the going rate for that day , I mentioned what I came up with , he claimed he was right , he used a caqlculator , I wasn't going to make a big deal over it and gave him the benefit of the doubt and accepted his offer , thinking maybe I was off a little om my figures , after getting home I re checked my math and came up with the same thing ,......heres what I figured ,... gold at $1743.94 per ounce is $56.07 per gram for 24k ..( .$1743.94 divided by 31.103 a troy ounce is $56.07 )
14k is .585 % of 24k therefore .585% of $56.07 is $32.80 per gram for 14k ,,,,,then 77% of that ( what I was told they pay ) is $25.25 per gram .... 17.4 grams at that price should be $439.35 ( what i thought i should get , he claimed it came to $385.00 , I accepted it then figured it out later that this was about 67% of melt value , 10% less than I was told I was getting paid , a $50.00 difference , its not the money so much that I dont appreciate as being lied to or treated like i'm some kind of idiot that doesn't know the difference ,
I will just take my business elsewhere and hopefully this will let others know that if you do go there or anywhere else do your math , check prices , dont be a sucker because theres alot of people looking to take advantage of people that arent aware of exactly what kind of deal they are getting .
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