by Mark Ribble
Leamington Post
Dan Jones is warning local jewelry owners to be careful when looking to cash in their gold.
The local dealer, who regularly buys gold from customers, is asking everyone to exercise some caution.
Jones, a former business teacher who retired in 2009, says sellers should be cautious about sending their old jewelry through the mail to some of the companies on television and on radio.
“Make sure they are reputable,” he said.
He says they will likely only get a fraction of what its worth.
He talked about a woman who sent all of her gold to one of the cash-for-gold companies on TV and then got a $30 cheque in the mail a month later. You never know what you will get back.
Jones will be at the Roma Club for his monthly coin show on the weekend of April 7 and 8 in the members room. He also deals in coins, paper money and silver.
“Ask to see the gold measured right in front of you,” he cautions.
Jones does just that and gives the customers a card with an offer on it. They can then go home and contemplate the deal or make the deal right there. There is no pressure.
He has a gold tester and a scale that will allow him to show prospective sellers the purity of the items they want to sell.
“There is a different value for each carat amount,” he said.
Jones got into coins and jewelry as a hobby when he was still teaching but he has jumped in full force since his retirement.
“I’ve been dabbling in it for about 30 years,” he said.
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