Selling gold is a great solution to earn extra money; however, many overlook scrap gold that may been collecting at the back of a drawer, jewelry box, or closet.
Whether it’s a tangled chain, outdated jewelry, a damaged picture frame, or even dental restorations, if there is gold in the item, it can be sold to be recycled.
Turning your scrap gold into cash can be a valuable, and rewarding, exchange.
What is scrap gold?
Scrap gold is any item that contains gold, but is broken, no longer usable, and more valuable when sold for gold content than in it’s current form.
Types of Scrap Gold
When collecting scrap gold pieces to be sold, there may be items forgotten or dismissed. Below are some examples of what may qualify as scrap gold:
Value of Scrap Gold?
The price for gold can found online, although, this value is for pure gold and not for gold with alloy mixture. These prices found online will still provide an approximate estimate of how much money can be earned by selling scrap gold.
If your scrap gold includes jewelry, you can check the hallmark for karats:.
- 24 karat or 24k is pure gold;
- 22k is 22 parts gold and 2 parts alloy (often copper).
- 8k is the lowest gold value in jewelry
Scrap gold is measured in pennyweights: 1 ounce = 20 pennyweights and 1.5 grams = 1 pennyweight.
Where to sell scrap gold?
Next step, prior to selling scrap gold, is determining where to sell for the best price.
Silver and Gold Exchange is a leading scrap gold buyer in the USA.
Our commitment to honesty and integrity are the foundation of our reputation. We maintain high standards of customer care, dedicated to ensuring all our customers receive a fair evaluation of their scrap gold and best prices paid.
Thanks for making the process method easy (preparation, shipping, quick email response, quick issue of check). My wife told me that nobody wanted four scrap gold teeth from my mouth, but she was surprised when I showed her the check for more than even I expected. Thanks for letting me win one! – Wallace T., Riverside, CA