Gold Rush

by Bill Hartigan ◊ Aug 06, 2010

Cash Is Flowing in Old Jewelry Sales

“For years people would ask if we bought gold jewelry, and we’d refer them elsewhere. After a while, you realize that business is walking out the door,” Antoinette Scirocco of Elm City Jewelers recently told us. She and partner, Josephine Countryman, have been buying gold for two years, and it now represents a nice portion of their business.

“We tell people to shop around for the best price. You probably won’t find it from a place that does lots of advertis¬ing,” Scirocco added. “It’ll pay big if you do your homework. Or if you’re looking to buy new, trade-in your old jewelry and you’ll save a lot.”

Sources at CT Gold Exchange (1030 S. Main Street, Cheshire) also told us that business there has been steady and growing. “Gold is at a historic high, so now is the best time ever to be selling it,” said Bob Smith. Like their colleagues at Elm City Jewelers, CT Gold Exchange has seen sellers from all walks of life. They also say gold buy¬ers that advertise everywhere usually pay the lowest. “We’ve tried to be the highest in what we pay, and sometimes we’ve nearly doubled some of our competitors – you know them by first name – will pay,” Smith told us. As a sign of the times, CT Gold Exchange holds “Cash-for-Gold” house parties. Call them at 203.314.6081 for more details.