Facebook Marketplace Offers New Opportunity to Profit from Scrap Gold Jewelry

If you’re like me, you’re always looking for new places where you can find real, solid gold jewelry for less than melt value. I’ll hound the thrift stores, antique shops, yard sales, and estate sales more often than should be admitted, looking for a nice little chunk of real gold (or silver) jewelry at a discount.

During the winter months though, cheap gold jewelry priced less than scrap value can be hard to come by. Nobody is having a yard sale (nor wants to go to one, at least around here), and estate sales can be few and far between. Craigslist can be one avenue for finding discounted gold jewelry, although my personal experience has been unreliable at best and complete waste of time and/or outright fraud at the worst. Although, I have found good honest deals on gold jewelry (usually women’s rings) pop up on Craigslist once in a while.

Recently I’ve been browsing around the Facebook Marketplace, as well as several local Facebook groups geared towards buying, selling, and bartering. Of course, as with any online marketplace, you’re gonna find the overpriced crap (and good stuff) that will never sell because it’s just not priced right. But so far my personal results for finding good deals have been encouraging.

When you use the Facebook Marketplace App on your smart phone, potential buyers and sellers can text each other through Facebook’s Messenger App. This gives more of a personal feel to the marketplace and it seems that deals are much easier to transact, with much less of the “run-around” found transacting on Craigslist.

So if you’re looking for a new place to find cheap gold jewelry, check out the Facebook Marketplace and Buying/Selling groups local to your area. If you check regularly, you’ll most likely be surprised at some of the deals that pop up.