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How Can I Sell My Scrap Gold?

Sell My Scrap Gold

“I want to sell my scrap gold, but I don’t know how to get started.” If you’re looking for a way to make some extra money selling your gold, and if you’re like most of us, you may be wondering just how do you get started. Well, here’s how to sell scrap gold.

When you’re trying to sell gold, the first thing you want to do is your homework. Most gold items that are generally scrapped include broken or bent gold jewelry, old wedding bands from previous marriages, or other simple rings that wouldn’t be of much value on their own, damaged or defective gold coins, dental pieces, single earrings, nuggets, wire, watches and some electronics.

Your next step will be to separate your items. The easiest way to do this is to separate them into piles of 10k, 14k and 18k. If you’re not sure how to determine a 10k piece from an 18k piece, you can generally find it engraved somewhere on the item if it’s real gold.

Next, remove anything that is not made of the precious metal, but may be of value to another buyer such as jewels or stones. Doing this will also help give you a good idea of how much the gold pieces will really weigh so you’ll have a good idea of their worth.

Now you should weight your scrap gold so you have an idea of their worth. You’ll want to use a digital scale in order to know the exact amount you have. Weighing your items will also give you the reassurance that the buyer of your items won’t try to cheat you out of money from the weigh-in.

Next, you’ll want to call around your hometown to find out what businesses buy and sell gold locally and ask them how much they‘re willing to pay for what you have.

If you can’t find anyone to sell your gold to in your area, you could try placing a classified ad in your local newspaper to let potential gold buyers know what you’re selling. Just make sure you keep track of your items’ value on the market so you know their exact worth before you accept just any offer that comes your way.

Another great option that you could use to sell scrap gold is to go to an online buyer who specializes in kits, which generally includes a prepaid envelope and sometimes documents that let you to write out a description of every item you are sending to them. Keep in mind that not every online buyer is trustworthy, so do your research before you go with just anyone.

Finally, always keep in mind that the price of gold will change on a daily basis. So before you close the deal, try to get the price you were quoted in writing before you hand over your items and tell them. “I want to sell my scrap gold.” Otherwise, you may find yourself ending up with a lot less than you had anticipated.

Sell Gold for Cash

Sell Gold

sell goldGold has fascinated man since the beginning of time. Heaven’s streets are supposedly paved with gold and wars have been fought over it.

In today’s tough economic times, you might find that you want to sell gold in your possession to pay a mortgage or car payment – or even finance that vacation you never seem to have the money for.

Selling gold has never been easier. Online sites can point you to step-by-step instructions on how to sell scrap gold, including selecting the best method and price.

Many of us have old gold jewelry from defunct relationships that we just don’t wear or want anymore. Why not sell that old gold and do something you really want or need with the cash?

Scrap gold isn’t only found in jewelry. Other places to look are:

Gold bullion and gold coins; gold flake; gold dust and sweeps; dental crowns and bridgework; gold screen or mesh; gold shot and solder; gold sponge; polishing and buffing dust; nuggets; computer mother boards; old cell phones; gold plated connectors.

As you can see, there are many more places to look for gold than simply your jewelry box. And, it doesn’t matter what condition the gold is in – it can be restored and reused. Virtually all of the gold that has ever been mined is still around because it lasts forever.

After you’ve completed your hunt for gold, call a local gold dealer or look online for information about how to get a gold-selling kit. You’ll fill out the form describing the gold (be sure to make a photo copy of the form before sending it), place it in the envelope and take or send it to the gold dealer.

The dealer will probably pay you 10 to 20 per cent less than the current price of gold – that’s a fee for the handling, assessment and processing of the gold. Price varies from merchant to merchant, so do your research to find out what’s the best price you can get before you sell your gold.

Selling unwanted gold can get you back on a more secure financial track and may be a path you’ve never thought of before. You can even have fun while you’re doing it and invite family, friends and neighbors to a festive gold selling party.

There’s lots of information online about how to get your party together and it can be profitable and fun for all.

Remember that the price of gold changes from day to day as the market fluctuates, so when you’re ready and want to sell gold, make sure you know what the going rate is.

When you make contact with a local gold dealer or an online website, you should get an information kit that will tell you all you need to know about how to sell scrap gold.

Then, you can make an educated decision about how and when you want to sell gold – and get the best price you can for your efforts.