Reiko
I brought a batch of mixed scrap gold (including a 10K chain, a 14K chain, and a 22K British Half Sovereign coin brooch) to A&A Jewellers for a cash quote based on melt value. My total gold weight was approximately 11 grams across the different purities. They offered a flat rate of $475 CAD for the entire lot. I immediately refused. Based on current market rates and the separate karats, the conservative scrap melt value for this gold is over $950 CAD. Their offer of $475 CAD did not even cover the melt value of the 22K Half Sovereign coin alone, completely excluding the value of the 7 grams of 10K and 14K chains. When challenged on the 22K purity of the coin, their testing equipment provided a faulty 17K reading. This business appears to significantly undervalue precious metals. Advice: Do not bring your scrap gold here. Take your gold to a licensed, high-volume bullion dealer (like Gatewest Coin or Winnipeg Gold Buyer) who pays a high percentage (85%+ or more) of the spot melt price. You will receive significantly more money for your gold."






