“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, 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.

Gold 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.

Who doesn’t need some extra cash these days? You can get extra cash fast by selling gold. You can sell gold jewelry, gold scrap, gold dental and bridge work or any items you might have that contain gold.

Selling unwanted gold from an old marriage or relationship has become quite fashionable – you can even have a gold selling party, have fun with friends and family.

Gold selling parties have become a trend that’s quickly catching on in all areas of the country. Again, you can check online to see what’s involved in hosting a gold-selling party for your friends, family and neighbors.

You might also want to check with a local gold buyer to see what kind of deal he can offer. Hosting a gold selling party with a gold expert can ensure a fun time for all – and everyone walks away with some spendable cash.

With the price of gold roaring higher each day, many are selling unwanted gold contained in old or broken gold jewelry, coins and medals to get the cash they need or want. There are several methods by which you can easily sell scrap gold.

You can get lots of information online about companies who will buy your gold and will be happy to send you an information kit telling you all you need to know to sell your gold quickly and easily.

For some, selling gold that came from a defunct relationship and bad memories is a way to release all the bad “karma” that’s hanging on. For others, selling gold might be a necessity in order to pay a mortgage or car payment.

Whatever your reason to sell gold, you’ll find that the market is ripe and you can usually make a good deal.

In these tough economic times everyone is looking for a way to find extra cash and selling gold seems to be the way many people are finding it.

You can find dozens of methods on how to sell scrap gold on the Internet – and there are also dozens of buyers anxious to purchase it. Do your research and find the best method for you.

When you decide you want to sell your gold, the first thing you should do is check out the purity of each gold piece. Keep in mind that some jewelry will have a stamp indicating its gold content. 24 karat gold is pure, while 14 karat gold is 14 parts of gold to 10 parts of another metal.

After determining the content of the gold items, go online or read the newspaper to find out the current gold price. The price of gold changes on a day to day basis, but you can get a good idea of what your gold is worth.

You may be able to sell gold locally by calling scrap gold dealers, local pawn shops and other gold merchants to see what price you can get for your gold. Also, check out online dealers and make your decision based on the best price you can get for your unwanted metal items.

Jump on the bandwagon and join the gold rush that’s going on right now while gold prices are highest. Selling gold could be just the avenue you’re looking for to pay bills, take a vacation or sock away some extra cash.

Steps in Selling Gold

Step 1. Have your gold appraised before you make the sale. The first step in making ⁼any sale is to first know the proper selling price for your merchandise.

The first thing you need to do when considering selling scrap gold is to calculate the price of the gold itself. This can easily be done by first determining the gold percentage in your scrap gold, weighing it, and using these to calculate its market value.

24 karat gold is 100% gold, use this to calculate the percentage of the gold that you have by dividing its karat by 24. So, 18K gold is 18 ÷ 24 or 75% gold. 14K is 14 ÷ 24 or 58.33% gold. 10K gold is 10 ÷ 24 or 41.67% gold. (Most gold jewelry is stamped with its carat someone on the piece.)

Gold coins are typically at least 99% pure gold, so you just figure them at the spot gold price.

After you’ve determined the carat of you gold pieces, you should weigh it and convert its weight into ounces. (Most scales will weigh in grams or pennyweight.)

You can then multiply the weight of your gold by the percentage of gold that is in it. Once you have the corresponding ounces for your real gold you can calculate the worth of your merchandise by comparing it with the current price of gold.

Step 2. Knowing the market value of your gold will help you when you go to a dealer to sell gold. Just remember that you’re not going to get the full market value for your scrap gold because the dealer needs to make a profit for his time and investment, so naturally he will be paying you a percentage of the gold market value at the time of the transaction.

When you’re selling your gold for scrap, always remember to remove any extra valuables, such as gems, attached to the gold before selling. This makes it easier to weigh and also ensures that you do not lose money due to undervalued appraisal.

Always keep in mind that the gold scrap price is based solely on the value of the gold, and does not consider craftsmanship, history, aesthetic, and personal value attached to the merchandise. If other gems are attached to the gold, you can sell these separately to make more money.

Step 3. Consider your options and find reputable dealers. When selling unwanted gold, usually the best path to take would be to sell gold locally. Look up jewelers, coin shops, or brokers who are willing to buy your gold so that these can be melted to make pricier items or who would be planning to sell these to refineries.

Selling scrap gold locally is a good idea because it maximizes possible profit and lessens risk. When local buyers are not available, other options like gold buying companies and websites are also viable as long as they are legitimate and check out alright with the Better Business Bureau.

These companies usually send you a kit containing an insured envelope and merchandise form; if these are lacking then better to deal somewhere else. Remember sell to the best buyer, but do not be too hasty.

Step 4. Other things to consider when selling your unwanted gold are to keep in mind that when checking out quoted prices that these can change pretty quickly since standard gold prices are set twice a day.

It is a better idea therefore to get the quoted price in writing. Always remember that when trying to make a profit from selling scrap gold, nothing beats an informed seller.

Chances are if you’re reading this article, you’re looking for a way to make some extra money and if you’re like most, you may be wondering if you can sell gold for scrap. Well, it’s possible if you know how.

Generally when you’re scrapping a precious metal like this one, you want to do your homework. While you can make a bit of a profit from this type of selling, some pieces are worth far more than that.

Items that are usually scrapped include bent or broken jewelry, simple wedding bands or other rings such as class rings that aren’t very valuable on their own, defective or damaged coins, dental crowns and bridgework, single earrings, nuggets, wire, watches and electronics.

These items are generally those that are not easily repairable.

Before you decide on a buyer, you should separate your items first. The easiest way to do this is by seperating them into piles of 10k, 14k, 18k and so forth. The next thing you’ll want to do is remove anything that may be of value to another buyer such as precious jewels or stones. This will also help give you a better idea of the weight of the pieces you do want to profit from.

If possible, weigh your scrap gold so that you will have an idea of how much precious metal you have. You should try to use a digital scale when possible, that way you’ll know the exact amount you have.

Weighing your items will also assure that your buyer isn’t trying to pull a fast one when it comes to exactly how much you have.

Your next step should be to call around to area buyers who specialize in buying gold and ask them how much they would be willing to pay for your items.

If there are no local buyers in your area, try offering it to your local jewelry stores. Just keep in mind that they may only want jewelry that can be restored.

If there are no willing buyers in your area, you may want to consider placing a classified ad in you local paper to let potential buyers know what you are selling. Just be sure you have a good idea of the exact worth of the items before you accept just any offer.

Another option would be to use an online gold buyer who offers a special kit which generally includes a prepaid envelope and sometimes documents that will allow you to write out a description of every item you are sending them.

You should use caution when dealing with an online buyer, however. Most online buyers aren’t worth selling to if you don’t have a lot of scraps.

And finally, you should always remember that when you sell scrap gold, the price the buyer offers will more than likely change from one day to the next.

So be sure you get the price you were quoted in writing before you close the deal. And if all else fails, you could always try selling your scrap at auction either online or offline.