I should have known better than to darken the doorway of a company that has a guy holding a sign on the corner. That's a pretty good tell-tale sign that this company will stoop to any level to make money.
I had already received one offer from a store in the mall and wanted to get another for a couple of men's 14k gold wedding rings, so I stopped by the William Cannon and Manchaca "store." They might as well just get a few pieces of plywood and nail them together like a 10 year old's lemonade stand. This place made my skin crawl.
The offer the guy made was $179, and that included the $20 promo they're running. WOW! That was $90 less than my other offer, which came from a high-overhead jewelry store. I was disgusted, so I put my hand out and asked for my rings back and the next words out of his mouth were "How much were you wanting for them?" Really? Gold is currency. I don't walk into a convenience store and have to negotiate with the clerk to get change for a $20, right? I understand these guys are out to make money, but to offer me 35% of actual value (I DO do my research before selling anything to know the value after-all) should be criminal.
In my haste to get out of there I replied "I don't know" (what I meant was "I don't want to hear another word come out of your mouth") to which he replied "You don't know?" In a confrontational tone. I just walked out.
I decided to call around to see what percentage of value other stores paid, which w easy since I knew how many grams of gold and the karat weight I had. The first call came in at 80% of actual value, or $300. My suggestion would be to get the details about your property first, by going into a reputable gold buyer, then call around to see who pays the most, before jumping in the car. read more
