Lake Worth Gold Mine
About us
Are you considering selling gold? We buy gold jewelry and scrap gold jewelry. A little or a lot, broken or not! We pay cash on the spot! We also pay a premium for designer jewelry. Selling silver? We buy silver jewelry, sterling silver flatware, tea sets and serving trays. Not sure if it is sterling or silverplate? Bring it in for our expert silver buyers to review the hallmarks. Selling diamonds? We buy diamond jewelry and loose diamonds. Any size - any shape. GIA certified or not. Selling a watch? We buy fine watches such as Rolex, Patek Phillipe, Breitling and more. Cash in on coins! We buy gold coins, silver coins and foreign coins.
Business highlights
Services we offer
Coin Dealers, Diamond Buyers, Gold Buyers, Platinum Buyers, Silver Buyers, Watch Buyers
Amenities
Free Estimates
Yes
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Gold Mine appears to be a converted bank or gas station. Whatever it is there's lots of parking. (Don't look for a strip mall, it's all by itself on Lake Worth Road just east of the turnpike on the south side.) I liked this place as soon as I walked in. There were other customers but I didn't have to wait. I had a load of stuff. They did everything right in front of me, and they're fast, but not too fast to ask your questions and follow what they're doing.
They checked all the marks on the silverware. Then they carefully deconstructed some crummy silver pieces and stripped the outer silver layer off. They weighed that silver scrap. They didn't deconstruct the butter knives because there's only silver in the handles and it's too much work, so they estimated those. I got $75 for all that junk.
They checked all the gold using an acid test system which provides a color code. I had 14, 18 and 24 karat little jewelry pieces
and odd scrap. They carefully weighed everything. I got $85 for that junk.
Then we got to the silver dollar coins. We discussed those in detail. First we checked the price book used by professional dealers. Of the five coins 3 were not worth more than the silver content, but 2 of the coins were collectible. So we checked eBay to see what they were really selling for. Keep in mind that the value of collectible coins is based on their condition, and grading a coin that has been in circulation requires an expert opinion and can differ between collectors so it's not an exact science. My coins were selling for $170 apiece on eBay, but that's before deducting the eBay commission and assuming they actually sold and assuming the buyers gave them a reasonable grade. So Gold Mine and I settled on $115 apiece for our transaction. That's a wholesale price but the hassle of selling them at retail now belongs to Gold Mine and I can tell you that grading those 2 coins is going to be hotly disputed on eBay by the experts!! Not my problem!!
I LOVE THESE GUYS. They're honest, reasonable and very capable. They'll respect you and address your concerns. I made almost $500 for doing nothing. Not bad...
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The staff is very friendly, knowledgeable and professional.
I have gone to them several times to sell items and they are very fair in the price they give me for items.
I would suggest anyone check them out if they are interested in getting a fair price for things they want to sell.
My experience could not have been more positive. At no time did I feel pressured or taken advantage of. Several of the staff helped me during my time there and, to a person, they were friendly and genuine. The lady who did most of my transaction was extremely kind and made me feel as if she cared about me, not just about making money. She patiently explained how they value the items and in a couple of cases actually led me to the decision that I would be better off keeping two of the items because their aesthetic value was greater than what she could pay. I don't have the experience to know whether I got the very best possible price, but I believe I did. I am very satisfied that I was treated fairly regarding the price and am absolutely convinced of the honesty of everyone I interacted with.
I saw other customers being paid in cash and they offered to give me cash, but I opted to receive a check because I didn't want a large amount of money on my person. Should I ever have occasion to sell similar items in the future I will most definitely return there and will advise my friends to do the same.
Licensing
State Contractor License Requirements
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