📍 30 W. 47th St, Suite 805G — Diamond District, Manhattan Mon–Fri 10am–5pm  ·  212-457-1424  ·  info@newyorkgoldbuyers.com
Frequently Asked Questions

Everything You Need to Know
Before You Sell

20 answers to the most common questions about selling gold, diamonds, watches, coins, and jewelry in NYC. Straight answers, no fluff.

99%
Max Payout of Spot
30+
Years Experience
GIA
Certified Gemologists
$0
Hidden Fees
💰 Pricing & Payment
How much will I get for my gold? +
We pay based on the current live spot price, the exact weight of your gold, and its purity (karat). Payouts range from 90% of spot for 10K gold up to 99% of spot for 24K gold and bullion. We show you the live spot price, the scale reading, and the exact calculation before you decide anything — no surprises.
How is gold payout calculated? +
The formula is simple: (weight in troy oz) × (spot price) × (purity %) × (our payout rate). For example, 1 troy oz of 14K gold at $4,500 spot at a 93% payout rate = $4,500 × 0.585 (14K purity) × 0.93 = approximately $2,447. We walk you through this calculation in person with the actual numbers.
How do you pay — cash, check, or transfer? +
We pay in cash on the spot, same day. No waiting, no checks, no bank transfers to set up. Accept the offer and walk out with cash in your hand. For very large transactions, please call ahead so we can prepare.
Why should I sell to you instead of a pawn shop? +
Pawn shops typically pay 20–40% of an item's value because they need to resell it at a markup. We work directly with refineries and jewelry dealers — so we can pay up to 99% of spot for gold. We also have certified gemologists for diamonds, which most pawn shops do not. We're specialists, not generalists.
Are there any fees or deductions I should know about? +
No hidden fees, ever. The offer we make is what you receive. We don't charge appraisal fees, evaluation fees, or processing fees. What you see is what you get.
⚙️ Our Process
Do I need an appointment? +
No appointment is needed for most items. Walk in Monday through Friday, 10am–5pm at 30 W. 47th St., Suite 805G in Manhattan's Diamond District. For large estate collections, significant diamond pieces, or high-value watches, calling ahead at 212-457-1424 ensures a senior buyer is available.
What ID do I need to bring? +
Please bring a valid government-issued photo ID — driver's license, state ID, or passport. This is required by New York State law for all jewelry transactions. No ID, no transaction.
How long does the process take? +
Most transactions are completed in under 15 minutes. We sort, test, weigh, and explain the offer efficiently. Larger collections or certified diamond evaluations may take longer. We never rush you — take as much time as you need before deciding.
What if I don't want to sell after getting an offer? +
Completely fine. There is no obligation and no pressure. We'll return your items in the same condition they arrived. Our goal is a fair transaction you're comfortable with — not a sale at any cost. Many clients get an offer, think about it, and come back later.
Are your scales certified? +
Yes. We use DCA-certified calibrated scales tested and approved by the NYC Department of Consumer Affairs. Weighing is done in front of you and you can verify the reading yourself. Accurate, transparent, and accountable.
💛 Gold
How do you test if my gold is real? +
We use acid testing and XRF (X-ray fluorescence) analysis to verify gold purity — the same methods used by professional refineries. All testing is done in front of you. We sort items by karat, test each one, and explain the reading before weighing.
Do you buy broken or damaged gold jewelry? +
Absolutely. Broken chains, bent rings, tangled pieces, mismatched earrings, dental gold, scrap gold — condition is never a problem as long as items are genuine. The gold content is what has value, not the condition of the piece.
What karats of gold do you accept? +
We accept all karats — 10K, 14K, 18K, 22K, 24K, and everything in between including unusual karats like 9K, 15K, and 21K from international jewelry. We also buy gold-filled items, though payout rates differ from solid gold.
Do you buy gold coins and bullion? +
Yes. We buy American Gold Eagles, Krugerrands, Canadian Maple Leafs, pre-1933 US gold coins, gold bars, and full estate coin collections. All priced at current spot price with no hidden deductions. Silver coins and bullion also accepted.
💎 Diamonds & Gemstones
How do you determine what a diamond is worth? +
Diamonds are evaluated using the 4 C's — Cut, Color, Clarity, and Carat weight — combined with current market demand. Our GIA-certified gemologists assess each stone with professional tools and explain every factor contributing to the offer before you decide anything.
Do you buy GIA certified diamonds? +
Yes — bring your certificate. GIA, EGL, and AGI certified diamonds often receive stronger offers because grading is already verified and buyers have higher confidence in the stone's characteristics. Uncertified diamonds are also purchased.
Do you buy colored or fancy diamonds? +
Yes — we actively seek fancy colored diamonds including blue, yellow, pink, green, and red. Rare colored diamonds often command significant premiums above standard white diamonds. Call ahead for larger or rarer colored stones so an appropriate specialist is available.
Watches
What watch brands do you buy? +
We buy all major luxury watch brands including Rolex, Patek Philippe, Cartier, Audemars Piguet, Hublot, IWC, Omega, Breitling, Panerai, Richard Mille, and many more. Working or not — we evaluate the movement, case, dial, and bracelet separately to maximize your payout.
📋 General
Is there a minimum or maximum amount I can sell? +
No minimum. We'll evaluate a single ring, a single gram of scrap, or one small stone. There is also no practical maximum — for very large estates or collections, calling ahead at 212-457-1424 ensures appropriate personnel are available to handle everything properly.
Do you buy estate and inherited jewelry? +
Yes — estate and inherited jewelry is a significant part of what we do. We handle these transactions with complete discretion and professionalism. Signed pieces from brands like Cartier, Tiffany, and Van Cleef & Arpels are carefully identified and valued properly — not just melted by weight.
How is New York Gold Buyers different from other NYC gold buyers? +
Three things set us apart: (1) Direct refinery access — we skip the middlemen and pay more as a result. (2) Certified gemologists on staff — accurate diamond evaluation, not guesswork. (3) Full transparency — you see every test, every weight, every calculation before deciding. No pressure, no hidden fees, ever.

Still Have Questions?
Come In and Ask Us.

Walk in Monday–Friday 10am–5pm or call us at 212-457-1424. We're happy to answer any question — no obligation, no pressure.
30 W. 47th St., Suite 805G · Diamond District, NYC