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Selling Gold Undercover - Who Gives The Best Price?

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BASTIDA: There are lots of places that will offer to buy your old gold for cash.

You've probably seen some of the ads.

But are you really getting what it's worth?

Only on 5 tonight,

Julie Watts has the results of our undercover investigation.

WATTS: You're watching hidden camera video

of a visit to a traveling gold show.

Huntington Rare Coins and Precious Metals

travels the state promoting its visits to town with

glossy brochures offering a two day only opportunity

to get instant cash for your old valuables.

BROADWIN: And I always look the item over for just general information.

Bay Area jeweler Tom Broadwin agreed to lend us six thousand dollars worth of gold

plus some fake costume jewelry to mix in and

we went undercover to put Huntington to the test.

WATTS: While they accurately identified what was real

and what was fake.

HUNTINGTON: That's cash.

WATTS: The offer seemed low.

About 47% of what our gold was actually worth.

SELLER: How about that?


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