What Gold Is Worth in Miami Right Now
Before you choose a buyer, know your baseline. The prices below are calculated from the live spot market and refreshed every hour. A reputable specialist buyer in Miami will offer you 75–92% of the melt valuefor most gold jewelry — significantly more than a pawn shop's typical 40–60%.
Not sure how to calculate what your specific piece is worth? See our step-by-step guide to calculating your gold's value before you walk in.
Types of Gold Buyers in Miami — What's the Difference
Not all buyers are equal. The type of business you walk into directly affects how much you receive. Here's what each category typically offers — and what it costs you.
| Buyer Type | Typical Payout | Speed | What They Focus On |
|---|---|---|---|
| Pawn Shop | 40–60% of melt | Immediate | Quick turnover, high volume, all item types |
| Jewelry Store | 50–70% of melt | Same visit | Resale and repair — gold is secondary |
| Online Mail-in | 65–75% of melt | 1–2 weeks | Volume buying, convenience trade-off |
| Gold Specialist | 75–92% of melt | Same visit | Precious metals only — highest offer rates |
Payout percentages reflect typical market ranges. Individual offers vary by item condition, karat, and current spot price.
Top Gold Buyers in Miami (2026)
Miami has a range of reputable buyers. The best fit depends on what you're selling and how quickly you need cash. Here are five worth knowing.
Diamond Banc
Coral Gables
Best for high-value luxury jewelry and designer pieces
Specializes in diamond jewelry, estate pieces, and branded items. Strong reputation for luxury goods. Multiple locations nationwide.
CRM Jewelers
Downtown Miami
Good for gold chains, coins, and loose gold
Family-run buyer with long Miami roots. Known for straightforward gold purchases — chains, scrap, and bullion coins.
G Luxe Jewelers
Miami
Buys watches and gold jewelry together
A solid option if you have a mixed lot — watches alongside gold jewelry. Handles both in a single transaction.
ECJ Miami
Miami
Efficient Cash for Jewelry — fast turnaround
Known for a streamlined process. Good if speed is the priority and you have straightforward gold jewelry.
Iron Eagle ReserveOur Office
174 E Flagler St, Downtown Miami
Specialist buyer — highest offer rates, live pricing
Licensed specialist focused on gold, luxury watches, and diamonds. Offer calculated against live spot price in front of you. Cash paid same visit. No appointment needed. Mon–Sat 9AM–8PM.
Pro tip: Always get at least two quotes before selling. A 5-minute walk to a second buyer can be worth an extra $50–200 on a mid-value piece.
What to Bring When You Sell Gold in Miami
Florida law (F.S. Chapter 539) requires licensed buyers to collect identifying information from sellers. Here's exactly what you need — and what to bring if you have it.
Government-issued photo IDRequired
Required by Florida law. A driver's license, state ID, or passport works. Without ID, a licensed dealer cannot legally complete the transaction.
The gold items themselvesRequired
Clean or dirty, broken or intact — bring it all. We test every piece regardless of appearance. Don't throw away items because they look damaged.
Original receipts or appraisal documents (if you have them)
Not required, but helpful for branded or estate pieces. A Cartier receipt or GIA certificate can increase the offer above melt value.
Gemstone certificates (for jewelry with diamonds or colored stones)
GIA, AGS, or EGL certificates help us assign accurate value to the stones. Again, not required — we appraise both with and without documentation.
How the Appraisal Process Works — Step by Step
At a reputable buyer, the process is transparent, fast, and done entirely in front of you. Here's what happens from the moment you walk in.
1
Walk in — no appointment needed
~1 min
Tell the appraiser what you have. They'll look at the pieces briefly before starting the formal evaluation. No paperwork yet.
2
Items are weighed on a certified scale
~3 min
Each item is weighed separately in front of you. The scale reading is shown to you directly — no hidden adjustments. Karat stamps are noted.
3
Purity is tested
~5 min
Reputable buyers use an XRF (X-ray fluorescence) scanner or acid test to verify the exact purity — especially on pieces without clear hallmarks. This takes about 2 minutes per item.
4
Offer is calculated against today's spot price
~2 min
The formula: (weight in grams) × (karat purity factor) × (current spot price per gram) × (buyer's percentage). You should be shown this calculation, not just handed a number.
5
Cash paid on the spot
Same visit
No waiting period, no checks to clear. If you accept the offer, you receive cash immediately. You're never obligated to accept.
Total time: most walk-ins are complete in under 20 minutes. Larger lots with many pieces may take slightly longer.
Red Flags to Watch For When Choosing a Gold Buyer
A legitimate licensed buyer has nothing to hide. If you encounter any of these, walk out and try someone else.
They won't test in front of you
The scale reading and purity test should happen in your line of sight. Any buyer who takes your items to a back room without explaining why is a red flag.
No clear pricing formula
You should be able to ask 'what formula are you using?' and get a clear answer: weight × karat × spot price × percentage. Vague answers mean unclear math.
Pressure to decide immediately
Reputable buyers make an offer and give you time to consider. High-pressure 'this offer expires in 10 minutes' tactics are a warning sign.
The price changes after your initial quote
If a buyer quotes one number and then finds reasons to lower it after you've already committed mentally, that's a manipulation tactic.
Cash is not available same visit
A licensed specialist buyer should always have cash on hand. Being told to come back tomorrow — or being offered a check — is unusual for a routine gold purchase.
Walk-in · No Appointment Needed
Ready to Get Your Offer? Walk In Today.
174 E Flagler St, Miami FL 33131 · Mon–Sat 9AM–8PM
Free appraisal. No obligation. Cash same visit.
Free appraisal. No obligation. Cash same visit.
Frequently Asked Questions
Do I need an appointment to sell gold in Miami?
No. Iron Eagle Reserve and most specialist buyers in Miami are walk-in. You do not need to call ahead or schedule a time. Mon–Sat 9AM–8PM at 174 E Flagler St, Downtown Miami.
How long does a gold appraisal take?
For a typical lot of jewelry (2–5 pieces), the full process — weighing, testing, and offer — takes 15–20 minutes. Larger collections with many items may take 30–40 minutes.
Can I sell broken or damaged gold jewelry?
Yes. Broken clasps, bent bands, incomplete chains, and damaged earrings all contain gold and are purchased at full melt value. Condition only matters for collectible or branded pieces — never for scrap.
How do I know I'm getting a fair price?
Ask the buyer to show you the formula: weight × karat purity × today's spot price × their percentage. Then compare that number to the live spot rate in the table above. A fair offer should be at least 75% of melt value for standard jewelry.