How Do You Find Scrap Gold Buyers?
With gold approaching record prices, the likes of which haven't been seen in more than 20 years, many people want to exchange their scrap gold, including coins, dental gold and jewelry, for cash. Once you find a buyer willing to buy your scrap gold, you'll be on your way to becoming a dealer and joining the gold craze.
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Instructions
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How Do You Find Scrap Gold Buyers?
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Take gold jewelry to a local jewelry stores to determine if your gold is really scrap or if it's more valuable. The store will likely check the purity of the gold and weigh it using a scale that measures to the hundredth gram. This will help the store determine the quality of your gold, which will enable them to give you an estimate of its worth.
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Take gold coins to a local coin shop. Because these stores deal with gold coins on a daily basis, they can often provide more competitive offers for coins than other places. Such shops may also buy jewelry and other scrap gold at better prices, so it's a good idea to visit a coin shop before a jewelry store so you have a frame of reference for what your gold jewelry is worth.
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Seek out online buyers for scrap gold. While rare coin and jewelry shops typically have a store, many gold buyers are Internet based and run their business through a Web site. Online buyers sometimes provide all the shipping supplies needed to mail your gold, such as a padded envelope, which makes the process relatively simple. Using search terms like "cash gold" will reveal many buyers who can be vetted by the Better Business Bureau.
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Tips & Warnings
Make sure your coin dealer is a member of the American Numismatic Association.
Call coin and jewelry stores in advance to make sure they purchase scrap gold.
Insure your gold if you decide to mail it to an Internet buyer.
Before you send gold to an Internet buyer, make sure you're not obligated to accept their offer.
References
- Photo Credit Gold jewelry set image by lune from Fotolia.com
