What We Pay

Our base offer is 95 percent of the gold spot price. On sales of 50,000 dollars or more, we pay 96 percent. For silver, our base offer is 88 percent of spot. Those rates are published because we would rather you know them before you arrive than haggle at the counter.

Spot moves every day, so the dollar figure changes even when the percentage does not. Call for the current number, or read how gold value is actually calculated if you want to work it out yourself first.

What We Buy

• Gold jewelry in any karat and any condition, including broken, tangled, and single earrings
• Gold bullion, bars, and rounds
• Gold and silver coins, collections, and estate finds
• Scrap gold, dental gold, and class rings
• Sterling silver jewelry and flatware
• Diamonds, luxury watches, and designer pieces

Condition does not reduce what the metal is worth. A chain with a broken clasp holds the same gold as one that closes.

How It Works

• Walk in during business hours. No appointment is needed.
• We weigh and test your items in front of you, so you see the karat and the weight we are working from.
• We explain how the offer was calculated and what the current spot price is.
• If you accept, you are paid the same day. If you do not, you take your items home. There is no fee and no pressure.

Before you come in, it is worth reading what to bring with you, since Virginia law requires a photo ID for precious metals transactions.

Why Velvet Jewelry

We have been buying gold in Northern Virginia since 1986, first as Tysons Jewelry Enterprises and now as Velvet Jewelry in Sterling. Three generations of the same family have run the counter. We are master jewelers, not a pop up buyer or a mail in service, which means we evaluate your pieces properly instead of weighing everything as scrap.

If a piece is worth more intact than melted, we will tell you.