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Gold Buyers in Madison, WI

3 of the 45 jewelry stores we list in Madison have buying gold and jewelry.

Selling old gold, broken chains or unwanted jewelry means finding someone who actually buys it, and not every jewelry store does. Every business in this list names gold or jewelry buying — cash for gold, precious metals, bullion or estate buying — in its business name, listing or on its own website.

  1. Jim's Coins & Precious Metals

    Hilldale Shopping Center, 726 N Midvale Blvd, Madison, WI 53705

    Mon–Fri 10:00am–5:00pm, Sat 10:00am–3:00pm, Sun by appointment only

    Buys goldAppraisals
    Call Website Directions

  2. Chalmers Jewelers

    524 E Washington Ave, Madison, WI 53703-2975

    Mon–Fri 10:00am–6:00pm, Sat 10:00am–5:00pm, Sun closed

    Buys goldCustom jewelryAppraisals
    Call Website Directions

  3. Goodman's Jewelers

    220 State St, Madison, WI 53703-2263

    Mon-Fri 10am-5pm, Sat 10am-4pm

    Buys goldCustom jewelryAppraisals
    Call Website Directions
Know what you are selling. Look for the karat stamp (10K, 14K, 18K) or a silver mark (925), keep diamonds and gemstones separate from scrap gold, and get quotes from more than one buyer. Buyers pay a percentage of the day's metal price for the pure gold content — ask what that percentage is before you agree.

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Good to know

How is the price of scrap gold calculated?

The buyer weighs the gold, works out the pure gold content from the karat (14K is 58.3% gold, for example) and pays a share of that day's spot price. The share varies between buyers, which is why quotes for the same pieces can differ a lot.

Is it better to sell jewelry to a jeweler or a gold buyer?

For plain gold and broken pieces, a gold buyer or jeweler paying by weight is usually simplest. Signed designer pieces, antique jewelry and larger diamonds can be worth more than their metal, so ask a jeweler who buys estate jewelry for an offer on the piece itself.