Skip to main contentSkip to footer
L.I. Goldmine logo
  • Engagement
    • Shop Engagement Rings
    • Find Your Diamond
    • Start With the Ring Setting
    • Diamond Education
  • Diamonds
  • Bespoke
  • Jewelry
    • Bridal
      • Engagement Rings
      • Anniversary Bands
      • Wedding Bands
      • Semi-mount Engagement Rings
    • Bracelets
      • Diamond Bracelets
      • Cuff Bracelets
      • Link Bracelets
      • Bangle Bracelets
      • Gemstone Bracelets
      • Chain Bracelets
      • Religious Bracelets
      • Silver Bracelets
      • Silver Bangle Bracelets
      • Silver Cuff Bracelets
      • Silver Link Bracelets
      • Fashion Bracelets
      • Infinity Bracelets
      • Bead Bracelets
      • Family Bracelets
    • Necklaces
      • Diamond Necklaces
      • Diamond Fashion Necklaces
      • Gemstone Necklaces
      • Chains
      • Crosses & Crucifixes
      • Judaica
      • Silver Necklaces
      • Link Chains
      • Fashion Necklaces
      • Family Necklaces
      • Infinity Necklaces
    • Pendants
      • Gold Pendants
      • Silver Pendants
      • Diamond Pendants
      • Diamond Fashion Pendants
      • Gemstone Pendants
      • Letter Pendants
      • Number Pendants
      • Fashion Pendants
    • Earrings
      • Diamond Earrings
      • Diamond Fashion Earrings
      • Hoop Earrings
      • Dangle Earrings
      • Gemstone Earrings
      • Silver Earrings
      • Stud Earrings
      • Silver Dangle Earrings
      • Silver Hoop Earrings
      • Earring Jackets
      • Fashion Earrings
    • Rings
      • Diamond Fashion Rings
      • Gold Fashion Rings
      • Gemstone Fashion Rings
      • Fashion Rings
      • Gemstone Rings
      • Silver Rings
      • Family Rings
    • Cufflinks
    • Anklets
  • Services
    • Cleaning & Inspection
    • Custom Designs
    • Financing
    • Gold & Diamond Buying
    • Jewelry Appraisals
    • Jewelry Engraving
    • Jewelry Repairs
    • Jewelry Restoration
    • Pearl & Bed Restringing
    • Rhodium Plating
    • Ring Resizing
    • Tip & Prong Repair
    • Watch Battery Replacement
    • Watch Repairs
  • Education
    • Jewelry Education
    • Diamond Education
      • The Four Cs of Diamonds
      • Diamond Buying Tips
    • Learn About Gemstones
      • Birthstone Guide
      • Gemstone Guide
    • Jewelry Care
      • Caring for Fine Jewelry
      • Diamond Cleaning
      • Gemstone Cleaning
    • Choosing The Right Setting
    • Precious Metals
    • Anniversary Guide
    • Gold Buying Guide
  • About
  • Contact
  • My AccountToggle My Account Menu
    Login
    Forgot Password?

    Don’t have an account? Sign up now

  • SearchToggle Search Menu
  • Wish ListToggle My Wishlist
  • Shopping CartToggle Shopping Cart Menu
  1. Home
  2. Education
  3. Gold Buying Guide

Gold Buying Guide

The price of gold is changing every minute, which constantly affects the retail cost of fine jewelry. Bring your unworn jewelry into L.I. Goldmine, and we can give you a detailed quote based on today’s gold market.

What You Need to Know:
Whether you’re interested in buying beautiful gold jewelry or selling unwanted gold items, understanding the price of gold and how the process works can help you get the best value. Here’s everything you need to know about gold buying and selling at L.I. Goldmine.

How Gold Buying Works:

  1. Bring your gold items (jewelry, coins, etc.) and a valid ID to our store.
  2. We’ll test and weigh your gold in front of you using certified equipment.
  3. Our team will calculate your payout based on purity, weight, and the live gold price.
  4. You’ll receive a no-obligation offer!
  5. Payment is made immediately–or ask our team for available payment options.

Note: Gold prices and final offers may vary. Offers depend on purity, weight, item condition, and the current market price.

The Current Price of Gold

Please refresh the page to update the live price of gold in real time.

Live Gold Price - Courtesy of kitco.com

Source: kitco.com

Frequently Asked Questions

Do I need an appointment?
Walk-ins are welcome, but appointments are available if you prefer. Contact us to schedule or make an appointment on our website.
Can I get a quote over the phone?
Sometimes we can provide a rough estimate, but final offers require in-person testing and evaluation.
What kind of ID do I need?
A valid government-issued photo ID is required for all gold transactions.
How do I get paid?
Payment is made immediately. Ask our team for available payment options.
Why Does Gold Price Change?
Gold prices fluctuate based on international markets and economic factors. We use up-to-the-minute rates so you always get a fair, accurate offer.

Security & Transparency:
All evaluations are done in your presence using certified scales and testing equipment. Your privacy and security are always our top priority.
L.I. Goldmine Address
135 West Main St
Smithtown, NY 11787
(631) 656-0690
Store Information
Store Hours
Monday:
Closed
Tue-Sat:Tuesday - Saturday:
12:00pm - 6:00pm
Sunday:
12:00pm - 4:00pm
Jewelry
  • Bridal
  • Bracelets
  • Necklaces
  • Pendants
  • Earrings
  • Rings
  • Cufflinks
  • Anklets
Education
  • Jewelry Education
  • The Four Cs of Diamonds
  • Diamond Buying Tips
  • Choosing the Ring
  • Birthstone Guide
  • Gemstone Guide
  • Precious Metals
  • Caring for Fine Jewelry
  • Diamond Cleaning
  • Gemstone Cleaning
  • Anniversary Guide
  • Gold Buying Guide
Our Store
  • About Us
  • Privacy Policy
  • Return Policy
Mailing List

Sign up for special offers and discounts

  • Return Policy
  • Privacy Policy
  • Terms & Conditions
  • Accessibility Statement

© 2026 L.I. Goldmine. All Rights Reserved.

Powered by: Punchmark

Loading

Learn how we use cookies in our Privacy Policy or manage cookie preferences.