I overheard a conversation between my dad and my husband about the price of gold being up to about $1,000 an ounce. I joked about trying to sell my old junk chains and my dad said I should.
In the '80s, I used to always like to wear those really thin gold chains you could get at the mall for about $10. They would inevitably get tangled into knots, and I would try to untangle them and they'd break. Because they were 14-carat gold, I didn't throw them away, I'd just chuck them into a segment in my jewelry box and let them sit there. So I had about 6 or 7 of these all tangled together in a wad. I weighed them on my dieter's scale and the amount seemed significant enough -- my husband estimated that it was between 3 and 4 grams of gold.
I have the day off so among other errands, I went out looking around Toledo for a place to try to sell these chains. The place I was thinking of was closed, and then we saw a sign on the sidewalk that said, "We Buy Gold!" when driving around. I didn't notice what the place was until we were inside and I noticed all the guitars. There was a long line of downtrodden-looking people trying to sell things. I whispered, too loudly, to my husband: "I think this is a pawn shop." We left -- my husband didn't think we'd get a good price there, and I was just weirded out by the idea of selling my jewelry at a pawn shop.
We had given up and were going home and my husband spotted a sign for an estate jewelers that said, "We buy gold and diamonds." We figured this would be a better place to go, and it was. The woman there was very amused by my golden spaghetti, and I got $35 for a pile of what was, to me, junk. I told her about the pawn shop and she said that pawn shops will only give you about 40% of the value for the gold. She said she paid 80%.
I was happy to have my little bit of found money, especially since I made a trip to the Gap Outlet in Monroe a little earlier today and got a little carried away with jeans, khakis, and dress pants all on clearance for $7.99 - 29.99. Now at least I can look good while I try to lose the New Job weight.