All Entries in the "Scrap Gold" Category
Where to Sell Scrap Gold
Where to Sell Scrap Gold
Not sure where to sell scrap gold besides a pawnbroker? Don’t worry, there are several businesses who are willing to take those old pieces of gold jewelry and odds n’ ends off your hands that will give you a better price than your local pawnshop. Here are a few places to keep in mind.
A jewelry store can be an excellent source for broken gold jewelry pieces as long as they’re not in need of major restoration. However, not every jeweler works in the same way, so it never hurts to ask what they will and won’t take when it comes to old gold jewelry.
If you wouldn’t mind playing hostess or know of someone else who wouldn’t mind, a gold selling party could be the perfect opportunity for you to sell gold and even make some extra income doing it.
Keep in mind however that there may be out of pocket expenses involved if you decide to host one unless you can get a local business such as a coin dealer or jewelry store to sponsor you. You also need to keep in mind that you may have people you don’t even know will be in your home.
Of course if hosting a gold party just isn’t your cup of tea, you can always sell your gold at one instead. Just be sure you remove any gemstones or other materials that are not made of the precious metal, since you won’t get any extra money from the gold buyer for them. Otherwise, the buyer will just remove it himself and cash it in for profit which is a big loss to you.
Another place you can sell scrap gold is through a refiner. Refiners are wonderful because you cut out the middleman all together, which means more profit for you! However, if you’re going to consider using a refiner you must have a lot of gold to sell or they won’t even consider buying from you.
One of the easiest ways to work around this problem if you don’t have a ton to get rid of is buy talking to friends and family about gathering their own items to add to the deal. Then once the check is cut, you can give everyone their fair share of the cash.
Online businesses and even television commercials who deal in buying and selling unwanted gold can be an excellent way to sell your scrap gold if you don’t like the idea of dealing with gold buyers face to face and don’t mind sending your items through the mail. Just be sure to make copies of everything, that way you’re covered if there’s ever a problem.
One thing you should always keep in mind even when you’re trying to decide where to sell scrap gold to and that is whether or not that item you’re trying to get rid of is a family heirloom or of sentimental value.
Businesses that purchace scrap metals don’t keep the items lying around. Instead they take those items to a refiner who melts them down for resale. So once your item is gone, it’s gone for good!
Selling Scrap Gold for Fun and Profit
Selling Scrap Gold
If you have some old gold jewelry and other pieces of gold that you never wear or use, think about rounding it up and selling it – use the money you make to buy something you’ve always wanted, go on a vacation you long for – or sock it away for a rainy day.
Today, selling scrap gold is a fun way to make a little money and get rid of some of the clutter you don’t need.
You may have more scrap gold lying around than you think. Most people think that gold is only found in jewelry, but you may also sell scrap gold found in old coins, dental crowns, bridgework, gold nuggets, screen and mesh, gold shot, solder, polishing and buffing dust – just to name a few. And, don’t forget the scrap gold found in pins, connectors and gold-plated integrated circuits.
There are several ways that you can sell gold that you’ve collected. Buyers of scrap gold offer a prepaid envelope for you to mail the gold, information about selling your gold and forms for you to fill out describing the items.
Be sure and make a copy of the completed forms before you send them off so you’ll have a record. The buyer usually insures the envelope, but you can be sure of this by visiting the website of the buyer. Before you send in the gold, remove anything of value (like stones) so that the gold can be weighed alone.
If you choose to sell your gold locally, you’ll have the advantage of face to face contact with the dealer and be able to talk to them about how they make an assessment of what your scrap gold is worth. The quality of the gold doesn’t have to be high, but the purer it is, the more profit you’ll realize from it.
If you want to sell gold coins, keep in mind that you may not receive face value, but you will receive the value of gold contained in the coin (less a small fee from the buyer for accepting the gold).
You’ll probably receive about 10 to 20 percent less than your gold is worth on today’s market because the buyer has to process the gold and also make a profit from reselling it. Online calculation tools are available to measure grams of gold.
Simply enter the weight and karat (purity) of the gold. If some of the gold is mixed with platinum or palladium, it’s best to calculate them separately and sell those ingredients separate from the gold.
Today there are many reputable buyers for scrap gold, and they’re all eager to work with you if you want to sell your gold. You might also opt to have a “gold party,” where you can have fun with your friends – and it doesn’t cost anything.
These gold parties are becoming extremely popular because of the upsweep in the price of gold. You, your neighbors and friends can walk away from the party with some cash in your pockets and some good memories besides.
Before you send the invitations, make sure you understand how the system works. There are companies that provide services, including an accurate scale to determine gold content and a book of instructions telling you how to do it.
Selling scrap gold can be an adventure – and an easy way to turn your assets into cash!
