How to Sell your Scrap Gold
There are commercials on television and ads on the internet asking to buy your scrap gold. But, what is scrap gold? It might be that pair of gold earrings, where one of the pair has been lost. It might be a gold filling, or some broken gold ring, necklace or bracelet. Maybe it is a gold class ring that you no longer want. With the current high price of gold, now may be a good time to cash in that gold.
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Instructions
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Learn how gold is measured. When talking about the price of gold, they normally discuss pennyweight as opposed to ounce. There are about 18 pennyweights to an ounce.
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Don't expect to get the current price of gold. You can check what the current price of gold is selling for, and like the stock market it fluctuates. Yet, the price you will get for your scrap gold will be less than that amount.
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Compare the prices offered by the different entities offering to buy your gold. You may discover that some buyers offer double what others offer.
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Check out the internet "We Buy Gold" websites. Google the sites, looking for possible complaints. Check to see if they are legitimate. Shop around for the most reliable company, that offers the most money for your gold.
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Call your local pawn shops. Pawn shops often buy scrap gold. Check to see what pawn shops in your area are willing to pay for scrap gold.
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Call your local jewelry store. Jewelry stores often buy scrap gold. Check to see what they are offering to pay for scrap gold.
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After you decide where you will sell your gold, weigh the items, so you will have a general idea what you may receive for the items.
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Tips & Warnings
If you have several ounces of gold, you may want to try selling just a fraction first, to see if you are happy with the buyer.
Some items you believe are gold may not be. Those items should be returned to you.
