Guide to Selling Scrap Gold for Cash
Thinking of selling your scrap gold? What you do with it really depends on exactly what it is you have to sell
. Scrap gold to me is literally the gold that you can glean from the pcbs of unwanted electronic devices, or used in some other manufactured product. For the most part this sort of precious metal recovery is performed by specialist companies that deal in high volumes of commercial waste and is not generally available to the man on the street. However if your idea of selling scrap gold is broken jewellery, odd earrings, dental fittings and even gold teeth then there are many options available to you. There appear to be more and more companies every day fighting over your unwanted trinkets and theoretically this ought to be good for the seller. The recent rise in the price of gold seems to have caused an irritating increase in the number of gold buying companies advertising on television, each with their own price promise or celebrity endorsement. The key to being paid the true value for your gold is calculating that value yourself so you know whether the amount you are being offered is fair. You don't have to look far on the internet for reports on almost every gold buying company, and almost all of them will increase their offer if you refuse the original valuation. Check out our website for a step-by-step guide to valuing your gold. In summary, you'll want to split the gold into groups based on the purity. (9ct, 18ct, 24ct, etc) and weigh each individual group separately. Most jewellery in the UK is hallmarked somewhere unobtrusive, if there is no hallmark it might be worth checking with a jeweller before sending anything away, or you can buy fairly inexpensive gold testing kits. Obviously you want to use the most accurate scales you can gain access to. In addition to reading the terms and conditions on their website, if you have decided to use a postal gold service pay special attention to the insurance value placed on the package you send them. If the value doesn't meet your valuation be sure to ask the post office for additional insurance before sending anything. Knowing the value of your gold before you despatch it to your gold buyer of choice gives you the confidence to haggle if you do not agree with their initial valuation. Many postal gold companies will not give you any indication of the price they will offer you (apart from the obligatory "we pay more" claims and guarantees). Be prepared to haggle with these people, often the initial valuation is not the maximum they are prepared to pay, they are simply chancing their arm so to speak. If you are not comfortable haggling stick to the companies that either display their prices on their website, or will give you a verbal quotation before you send your gold off. Remember that you also have the option of getting a valuation from a local jeweller or pawnbroker It's a lot less stressful than trusting your valuables with an unknown entity, and in a lot of cases they will pay more than the internet firms too.Guide to Selling Scrap Gold for Cash
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