It was a double whammy garage sale of the earring variety. After I found the jewelry and looked it over, I came to a conclusion. Here it is, some people are missing the fact that earrings are usually marked on the post or clasp. I had been finding way more precious metal earrings than normal. These beautiful hoop earrings (2 pairs) were found at the yard sale for 50 cents a pair. While looking them over, I noticed the 10K on the posts. These were coming home with me. They were in perfect condition.
Here are the details on the 2 pairs of earrings. The first pair was 10K yellow and white gold twisted hollow hoop earrings. They were marked on the post 10K Israel, with the maker’s mark MOM. They weighed 0.48 grams. They were sold on December 16, 2013 for $19.99. See the pictures below.
The second pair were 10K yellow and white gold Bamboo hollow hoop earrings. They weighed 0.4 grams and were marked 10K Israel and a maker’s mark on the post. This pair was sold on December 11, 2013 for $19.99 on eBay. See pictures below.
Minus the selling fees and purchase price of a dollar for these earrings, it was a profit of $32. Not bad for one yard sale.
If I sold these as scrap with their current spot price of $1,273.90, they would have equaled $15.22 for both pairs, at 100% spot. Since refineries usually pay between 80%-92% of spot price depending on the amount of gold you are selling them, they would have been about $12.17 in scrap gold. I made more money selling them as actual pieces of jewelry than scrapping them, so run the numbers before you decide what to do with your treasure.
I know I’ve said this before, but I’m going to repeat it. Remember, check the earring posts, people do miss the tiny writing.
Good Luck and Happy Hunting,
Author of "Cheap Gold and Silver"