Cash For Gold
At Oxbridge House, we take pride in our ability to offer higher payouts than competitors. How are we able to consistently do this, you ask? Low Overhead. We do not spend huge amounts of money on advertising because we mainly rely on ‘word of mouth’ referrals from clients who have done business with us in the past. We make sure that all transactions are performed quickly, safely, and efficiently.
The value of your scrap jewelry is based on 3 factors; Spot Price, Purity, and Weight.
Spot Price – Please visit www.kitco.com, or www.thebulliondesk.com. You will see the current market price of Gold, Silver, and Platinum. This is the price off of which we base all of our calculations.
Purity – Usually, jewelry will have a small marking close to the clasp or locking mechanism, which states the purity, or karat content of the jewelry. The markings are stated as follows:
- 10k / 417 = 41.7% gold purity
- 14k / 585 = 58.5% gold purity
- 18k / 750 = 75% gold purity
- 22k / 916 = 91.6% gold purity
- 24k / 999 = 99.9% gold purity
- Sterling / 925
Weight – We calculate the value of gold in grams. To weigh your gold in grams, you would need a basic jewelry scale, which are extremely common. You can purchase these for under $40.
The formula for calculating the value of gold is as follows:
Spot Price x Purity / 31.1
Since the spot price of gold is given to us in Troy Ounces, we must divide by the amount grams in each ounce, to find out the value of your gold in grams.
Certainly, we need to make a profit, that’s the whole reason we are in business. However, we believe that giving fair payments, and educating our clients, is the only way to be successful in a business where many people will take advantage of their customers. We pay between 80 – 90% of the overall value of your gold jewelry. This will cover our overhead, expenses, give us a reasonable profit, and provide you with a fair and generous payout.
I have a very beautiful designer necklace that I bought from Tiffany and Co. several years ago. Should I expect to receive a fair payment from Oxbridge House for this item?
Unfortunately, the answer is no. At Oxbridge House, we only deal with Gold and Silver Bullion, Rare Coins, and Cash For Gold. At this time, we do not have the capabilities to accurately appraise the value of jewelry which has an intricate value above the precious metals value. We refuse to lowball our customers and give them unfair, uneducated appraisals. So we apologize in advance, if we are unable to help you liquidate your designer jewelry.
Yes. We will appraise and give you an offer on your diamonds. However, the diamond market is relatively weak, and prices are low, so if you don’t absolutely have to liquidate your diamonds, we suggest you hold on to them for at least a few years.
California law (Business and Professions Code 21628) requires us to obtain a valid form of identification along with a fingerprint of the seller. This does not apply to our Bullion, or Rare Coin transactions.
Bullion and Rare Coins
Cash: You can lock in the price of your bullion items at the time the order is placed, as long as we receive cash payment by the end of the day.
Bank Wire Transfer: You can lock in the price of your bullion items at the time the order is placed, as long as we receive the funds in our bank account by the end of the day.
Personal or Business Check: You can lock in the price at the time we receive your check, however, we hold checks for 3 – 7 business days before you can receive your items. Make checks payable to: Oxbridge House, Inc. and enter your invoice number in the memo field of your check.
Cashier Check: You can lock in the price at the time we receive your check, however, we hold cashiers checks for 1 – 3 business days. Make cashier check payable to: Oxbridge House, Inc.
Credit Card (Non-Bullion Transactions Only): We Accept Visa and Mastercard only.
We offer free shipping on all orders over $50,000. There is a $35 Shipping, and Insurance fee on all orders below $50,000.
The only person who can answer this question is you. However, Oxbridge House will help to educate you on the differences between products, to help you come to your own decision.
Numismatic coins or rare coins are simply coins that have a collector’s value, in addition to the precious metals value in the coin. Numismatists are usually concerned with dates, conditions, and mint marks of specific coins. The field of Numismatics is extremely complicated, and should be researched heavily before one begins to invest in Rare Coins. Oxbridge House will gladly help answer any questions a client might have about this particular investment option.
Bullion Products are priced based on the spot price of gold or silver at the time you order or sell your product. Every product has a premium of less than 1% over our cost. We are actively studying price trends in the market of Bullion, to be able to give our clients the most competitive prices in the industry.
No. Prices posted are the final prices you will pay. However, shipping, handling, and insurance costs may apply to your order if the total amount of the transaction is under $50,000.