Cash for Gold FAQ — Los Angeles
Straight answers about selling gold, silver, coins, and watches at our Melrose Avenue shop. Updated November 1, 2026.
Where to sell gold for cash in Los Angeles
Melrose Gold Buyers is a walk-in cash for gold store at 7257 Melrose Ave Suite A, Los Angeles, CA 90046. The shop is open daily 8 AM–10 PM. Appraisals are free, you can watch the test and the weighing, and most people who accept an offer are paid in cash the same day. No appointment is required. Call (323) 499-0227.
Cash for Gold FAQs
These are the questions people ask before they sell gold in Los Angeles. Each answer describes how a visit works at Melrose Gold Buyers.
Where can I sell gold for cash near me?
You can sell gold for cash at Melrose Gold Buyers, 7257 Melrose Ave Suite A, Los Angeles, CA 90046. Walk in during open hours, watch the test and the weighing, and leave with same-day cash if you accept the offer. The shop is open daily 8 AM–10 PM and does not require an appointment. Call (323) 499-0227 if you want to confirm before you drive.
Who buys gold in Los Angeles?
Melrose Gold Buyers is a walk-in gold buyer on Melrose Avenue in Los Angeles. We buy gold jewelry from 10K through 24K, scrap and broken gold, coins, bullion, sterling silver, platinum, and luxury watches including Rolex. Customers come from Hollywood, Beverly Hills, West Hollywood, Santa Monica, and across LA.
Who pays the most for gold in Los Angeles?
The strongest offer is the one that pays the most for the same karat and weight after you compare buyers in person. At Melrose Gold Buyers we test and weigh your gold in front of you, then explain the quote from the live gold price, purity, and weight. The appraisal is free, and you can take the number and compare it the same day. We do not promise to be the highest payer on every item. A fair comparison uses the same weight and purity, with the fee and the payout method included.
Can I sell gold jewelry for cash today?
Yes. Bring rings, chains, bracelets, earrings, or scrap to 7257 Melrose Ave Suite A during open hours and you can receive a cash offer the same day. Most visits take 5–10 minutes. If you accept, you are paid before you leave. If you decline, you keep your jewelry.
Is there a gold buyer open near me?
Melrose Gold Buyers is open every day from 8 AM to 10 PM, including weekends, at 7257 Melrose Ave Suite A, Los Angeles, CA 90046. If you arrive between those hours you can walk in. Call (323) 499-0227 when you are close to opening or closing so you know the counter is still serving customers.
Can I sell gold without an appointment?
Yes. Melrose Gold Buyers is a walk-in shop. No appointment is required. Come in any day between 8 AM and 10 PM with the items you want evaluated.
How quickly can I get paid for my gold?
Most customers finish in 5–10 minutes. We test purity, weigh the items in front of you, explain the offer, and pay same-day cash when you accept. You do not wait for a mailed check.
Is it better to sell gold locally or online?
Selling locally at Melrose Gold Buyers means you stay with your gold, watch the test, hear the offer, and can leave with cash the same day. Mail-in and online buyers require you to ship the gold and wait for a later offer. For jewelry, coins, and watches in Los Angeles, an in-person visit on Melrose Avenue is the way to see the result before you commit.
How do I find a trustworthy gold buyer?
Look for a buyer who tests and weighs in front of you, explains the math, charges no appraisal fee, and lets you decline. Melrose Gold Buyers follows that process at 7257 Melrose Ave Suite A, Los Angeles, CA 90046. BusinessRate ranked the shop #3 among gold dealers in Central Los Angeles for 2026 based on its review analysis. That ranking belongs to BusinessRate. It is not a claim that we pay the highest price on every item.
Where can I sell unwanted gold jewelry?
Bring unwanted rings, chains, single earrings, and broken pieces to Melrose Gold Buyers on Melrose Ave. We buy 10K through 24K gold even when you no longer wear it. The appraisal is free, and you choose what to sell.
Where can I get cash for gold near Melrose Avenue?
Melrose Gold Buyers is at 7257 Melrose Ave Suite A, Los Angeles, CA 90046, in the Melrose neighborhood. The shop pays same-day cash for gold, silver, platinum, coins, bullion, and luxury watches. Hours are 8 AM–10 PM daily.
Who buys gold near Hollywood and Beverly Hills?
Melrose Gold Buyers on Melrose Avenue serves customers from Hollywood, West Hollywood, and Beverly Hills. The drive is short, no appointment is needed, and the visit is a walk-in appraisal with same-day cash if you accept. See the Hollywood and Beverly Hills pages for neighborhood details.
Related: Cash for gold Los Angeles Gold buyers Los Angeles Cash for gold near me
Gold Prices and Appraisals
Gold payouts move with the daily market. These answers explain the math without quoting a dollar figure that would be wrong tomorrow.
How much is my 14K gold worth?
14K gold is 14 parts gold out of 24, about 58.3 percent pure. The cash value depends on that purity, the weight, and the gold price on the day you sell. Melrose Gold Buyers weighs 14K jewelry in front of you and explains the offer. A published price per gram would go stale, so the accurate number is the quote you hear at the counter.
How much is 18K gold worth per gram today?
18K gold is 18 parts gold out of 24, or 75 percent pure, so a gram of 18K contains more gold than a gram of 14K. Today’s per-gram offer follows the live gold price times that purity, then the buyer’s costs. Bring the piece to Melrose Gold Buyers for a free quote based on today’s price. We do not lock a standing dollar-per-gram rate on the website.
How much do gold buyers pay per gram?
Buyers pay from the daily gold price, the karat, and the gram weight. 10K is about 41.7 percent gold, 14K about 58.3 percent, 18K is 75 percent, 22K about 91.7 percent, and 24K is about 99.9 percent. Two shops can quote different numbers because margins, testing, and fees differ. At Melrose Gold Buyers you see the weight and the purity test, then decide.
How is the value of gold jewelry calculated?
We calculate a cash offer from three inputs: the live gold price, the karat or tested purity, and the weight. Designer brands and stones can be discussed separately when they matter. For scrap and broken jewelry, condition is secondary to purity and weight. We explain the calculation before you sell.
Does gold value depend on weight or karat?
Both. Karat tells you how much of the weight is gold. Weight tells you how much metal you have. A heavy 10K chain can be worth more than a tiny 18K charm. We measure both in front of you.
What is the difference between 10K, 14K, and 18K gold?
The karat number is the share of gold in the alloy. 10K is 10/24 gold, 14K is 14/24, and 18K is 18/24. Higher karat means more pure gold in each gram. Melrose Gold Buyers buys 10K, 14K, 18K, 22K, and 24K. Stamps help, and we still test because stamps can be worn or wrong.
Do gold buyers pay based on the daily gold price?
Yes. Offers at Melrose Gold Buyers follow the live gold market, then adjust for karat and weight. Because the market moves, a quote is for the day you visit. That is why we would rather appraise the item than print a fixed price.
Why do different gold buyers offer different prices?
Shops use different margins, different scales, and sometimes different fees. One offer may look higher until a processing fee is taken out. Compare purity, weight, the payout method, and whether you can watch the test. A free, no-obligation quote at Melrose Gold Buyers gives you a number you can compare the same day.
How can I calculate the value of my gold before selling?
Multiply the daily gold price per gram by the purity fraction and by the gram weight. For 14K, use about 0.583. For 18K, use 0.75. That figure is the metal content before a buyer’s costs, so a shop offer will be lower than a raw spot calculation. The scale weight and the purity test at our counter are the inputs that matter for your payout.
Does the condition of gold jewelry affect its value?
For scrap gold, condition barely matters. Broken clasps, scratches, and missing stones do not remove the gold. We pay from purity and weight. A luxury watch or a signed designer piece can be evaluated differently when the brand and condition have a resale market. We tell you which approach we are using.
Can I get a free gold appraisal?
Yes. Appraisals at Melrose Gold Buyers are free. Testing and weighing happen in front of you. You are not obligated to sell, and there is no fee if you decline.
Related: Gold appraisal Los Angeles How the cash offer works
Selling Gold Jewelry
Broken, mismatched, and inherited pieces are a normal part of what we buy. Bring them even if you are unsure of the karat.
Do you buy broken or damaged gold jewelry?
Yes. Melrose Gold Buyers buys broken chains, bent rings, tangled necklaces, and other damaged gold. Scrap value follows karat and weight. Condition does not erase the metal.
Can I sell a single gold earring?
Yes. A single earring, a lone cufflink, or one side of a pair still contains gold. Bring singles with the rest of your lot for one free appraisal.
Can I sell a broken gold chain?
Yes. A broken clasp or a snapped link does not cancel the gold content. We test the karat, weigh the chain in front of you, and make a cash offer.
Do you buy old gold rings and wedding bands?
Yes. We buy old rings, wedding bands, engagement rings, and bands from 10K through 24K. You do not need the original box. Stones can stay in the setting while we evaluate the gold.
Do you buy 10K, 14K, 18K, 22K, and 24K gold?
Yes. Melrose Gold Buyers buys 10K, 14K, 18K, 22K, and 24K gold jewelry and scrap. If the stamp is missing or you do not know the karat, we test the piece on-site before quoting.
Can I sell gold jewelry without its original receipt?
Yes. You do not need a receipt, appraisal certificate, or box. Bring a current government-issued photo ID. We test the jewelry itself.
Will you buy my gold if I do not know its karat?
Yes. Many pieces have worn stamps or no stamp at all. We test purity in front of you and quote from that result. You can watch the test.
Do you buy gold-plated jewelry?
Gold-plated jewelry has a thin gold surface over another metal, so the scrap value is usually very small. We test the piece in front of you and tell you whether it is solid karat, gold-filled, or plated before any offer. Solid karat gold from 10K through 24K is what we pay meaningful cash for. The test is free.
Can I sell gold jewelry with diamonds or gemstones?
Yes. Bring jewelry with diamonds or gemstones still set. The gold offer is based on karat and weight. Stones do not automatically raise a scrap-gold price the way a retail jeweler prices a finished piece. We explain how the metal and the stones factor into your specific offer. You do not need to remove stones at home.
Can I sell inherited or estate gold jewelry?
Yes. Inherited rings, chains, and mixed estate lots are welcome. We sort and test the pieces with you. You can sell the whole lot or only the items you choose. Same-day cash is available when you accept.
Do you buy dental gold and gold crowns?
Yes. Dental gold and gold crowns are evaluated as scrap from purity and weight. Bring them to the Melrose Avenue shop for a free on-site test and a same-day cash offer if you accept.
Do you buy gold necklaces, bracelets, and chains?
Yes. Necklaces, bracelets, rope chains, Cuban links, and pendants in 10K through 24K are part of what we buy every day, including broken and tangled pieces.
Related: Sell gold jewelry Los Angeles Scrap gold buyer What we buy
Gold Testing and Trust
You should be able to see the test, understand the offer, and walk away. That is the process at our Los Angeles counter.
Is Melrose Gold Buyers a legitimate gold buyer?
Melrose Gold Buyers is a walk-in precious-metals buyer at 7257 Melrose Ave Suite A, Los Angeles, CA 90046. You can call (323) 499-0227, visit during posted hours, and watch your items being tested. The shop is open daily 8 AM–10 PM. BusinessRate recognized the business as #3 among gold dealers in Central Los Angeles for 2026 based on customer review data BusinessRate analyzed.
Is Melrose Gold Buyers a pawn shop or a gold buyer?
Melrose Gold Buyers is a gold buyer. You sell the items outright. If you accept the offer, you are paid same-day cash. There is no loan and no interest. If you want the jewelry back, decline the offer and take it with you.
How do I know I am getting a fair price?
Watch the purity test, watch the scale, and ask us to walk through the live gold price, the karat, and the weight. Then compare that offer with another buyer if you want. Because our appraisal is free and you can decline, you can check the number without locking yourself in.
Is the gold appraisal free, and do I have to sell?
The appraisal is free, and you do not have to sell. Testing, weighing, and the quote cost nothing. If the offer is not right, you leave with your items. There is no fee for declining.
Can I watch you test and weigh my gold?
Yes. Testing and weighing happen in front of you at the Melrose Avenue counter. You stay with your items for the whole visit.
How do gold buyers test gold purity?
We test purity on-site so the quote matches the metal, not only the stamp. You can watch each test. Karat stamps are a starting point. Worn or missing stamps are why the test matters.
Are there any hidden fees when selling gold?
The appraisal is free. We explain the cash offer before you decide. You pay no fee to hear the number or to decline it. The amount we agree on is the amount you are paid if you accept.
What happens if I do not accept the offer?
You keep your gold. There is no fee, no hold, and no obligation to return. Many people use the visit to learn the value and decide later.
What identification do I need to sell gold?
Bring a current government-issued photo ID. Precious-metal purchases commonly require identification. Call (323) 499-0227 before you visit if you have a question about your ID.
Related: See the 4-step process Contact and hours
Same-Day Cash
People searching for cash for gold open now want to know if they can be paid today. Here is the timing.
Can I walk in and receive cash for gold the same day?
Yes. Walk in between 8 AM and 10 PM, get a free appraisal, and receive same-day cash if you accept. Most visits take 5–10 minutes. No appointment is required.
How long does the gold-selling process take?
A typical visit is 5–10 minutes from the time you walk in to cash in hand. A large estate lot can take longer because each group of items is tested. We still finish the payout the same day when you accept.
Do I receive payment immediately?
Yes. Melrose Gold Buyers pays cash when you accept the offer, before you leave the shop. Payment is the same day, at the counter.
What is the safest way to sell gold jewelry?
Sell in person, keep the items in your sight, watch the test and the scale, and get paid before you leave. That is the process at 7257 Melrose Ave Suite A. You can decline at any point and take the jewelry with you.
Location and Hours
The shop is in the Melrose area of Los Angeles and is set up for short walk-in visits from nearby neighborhoods.
Where is Melrose Gold Buyers located?
Melrose Gold Buyers is at 7257 Melrose Ave Suite A, Los Angeles, CA 90046. The cross streets are in the Melrose neighborhood. Call (323) 499-0227 or use Google Maps for turn-by-turn directions.
Where can I sell gold near Beverly Hills, Hollywood, West Hollywood, or Santa Monica?
Customers from Beverly Hills, Hollywood, West Hollywood, and Santa Monica sell gold at our Melrose Avenue shop. Each of those neighborhoods has a page on this site with the same address, hours, and walk-in process. You do not need a separate appointment for your city.
Is Melrose Gold Buyers open today?
The shop is open seven days a week, from 8 AM to 10 PM. Open Daily 8 AM – 10 PM. Call (323) 499-0227 if you are arriving near 8 AM or near 10 PM.
What time does Melrose Gold Buyers close?
We close at 10 PM every day. The doors are open for walk-ins starting at 8 AM. A typical appraisal still fits in a short visit if you arrive well before closing.
How do I get directions to Melrose Gold Buyers?
Search Google Maps for 7257 Melrose Ave Suite A, Los Angeles, CA 90046, or use the Get Directions button on this website. The map pin matches the storefront where appraisals happen.
Is parking available near the store?
Street parking and nearby lots serve quick visits to 7257 Melrose Ave Suite A. Most appraisals take 5–10 minutes, so a short stop is usually enough.
Do you offer mobile gold buying?
Melrose Gold Buyers is a walk-in shop. You bring items to 7257 Melrose Ave Suite A so the test and the weighing happen in front of you. We do not travel to homes, hotels, or offices.
Related: Hollywood Beverly Hills West Hollywood Santa Monica All areas we serve
Silver, Coins, Bullion, and Watches
The same counter buys the precious metals and luxury items listed on our What We Buy page. If it is not listed there, ask before you visit.
Where can I sell silver for cash in Los Angeles?
Sell silver for cash at Melrose Gold Buyers on Melrose Ave. We buy sterling silver jewelry and silver flatware, test and weigh them in front of you, and pay same-day cash if you accept. Hours are 8 AM–10 PM daily.
Do you buy sterling silver jewelry and flatware?
Yes. Sterling jewelry and sterling flatware are welcome, along with other silver items we can test. Bring them with your gold so one visit covers the lot.
Where can I sell platinum jewelry?
Bring platinum rings, bands, and jewelry to 7257 Melrose Ave Suite A. We test platinum on-site and make a cash offer the same way we do for gold. The appraisal is free.
Where can I sell American Gold Eagle coins?
American Gold Eagles can be sold for cash at our Los Angeles shop. We evaluate coins in person and explain the offer before you decide. Same-day cash is available when you accept.
Do you buy old silver coins?
Yes. We buy silver coins, including pre-1965 U.S. silver and American Silver Eagles. Bring them in for a free evaluation with your other metals.
Where can I sell gold bars in Los Angeles?
Sell gold bars and rounds at Melrose Gold Buyers, 7257 Melrose Ave Suite A. Recognized bars are appraised from weight, purity, and the live market. You watch the evaluation and can be paid the same day.
Do you buy PAMP gold bars?
Yes. PAMP Suisse and other recognized gold bars are welcome. Bring the bar and any assay card you still have. We evaluate it on-site and pay same-day cash if you accept.
Where can I sell my Rolex for cash?
Melrose Gold Buyers evaluates Rolex watches in person at the Melrose Avenue shop. Brand, model, and condition shape a watch offer, which is different from a scrap-gold quote. The appraisal is free, walk-ins are welcome 8 AM–10 PM, and payment is same-day cash if you accept.
Do you buy luxury watches besides Rolex?
Yes. We buy luxury watches, including pieces from brands such as Cartier, Omega, and Breitling, after an in-person evaluation. Call (323) 499-0227 if you want to describe the watch before you visit.
Can I sell Cartier or other designer jewelry?
Yes. Cartier and other designer jewelry can be evaluated at the shop. Signed pieces may be considered for more than scrap when the brand and condition support it. We explain which value we are using before you sell.
Where can I sell inherited jewelry?
Bring inherited jewelry to Melrose Gold Buyers for a free in-person appraisal. Mixed gold, silver, coins, and watches can be reviewed in one visit. You choose what to sell, and accepted items are paid in cash the same day.
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