For his The Bottom Line column and blog, the Courant’s Kevin Hunt toted two gold coins and a silver bowl to a dozen pawn shops, jewelers and gold-and-diamond exchanges to see how widely prices varied in the booming market for precious metals.
We’ve all seen the ads for Good Ole Tom’s and Fast Eddy, as well as pitches from more-staid buyers, including tony suburban jewelry stores. With gold prices rising and a recession squeezing consumers, it’s a growing business.
So who ponies up the most money? In his column, Hunt said the pawn shops and gold-and-diamond exchanges he visited generally offered more than jewelry stores. But his top advice: Do your homework and know what your goods are worth before shopping for offers.
The chart below shows what various stores offered to pay for Hunt’s bounty, with the highest offer more than 50 percent above the lowest. Click the image for an interactive chart with more figures.