| Selling Scrap Gold? How To Turn Your Old Jewellery Into Cash |
| Articles - Lifestyle |
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When I think of selling scrap gold I tend to think of the process of dismantling electronic devices and printed circuit boards to retrieve the gold hidden away inside, or perhaps removing gold plating.
When I think of selling scrap gold I tend to think of the process of dismantling electronic devices and printed circuit boards to retrieve the gold hidden away inside, or perhaps removing gold plating. To perform this type of precious metal recovery, you will need to get in touch with a company specialising in such activities, and you will need a large quantity to make it worth your/their while. If the scrap gold that you have in mind to sell however is old broken or unwanted jewelry, gold dental fittings or even gold teeth, you will find there are many more options open to you. With the number of new companies joining the marketplace every day, your chances of getting a decent price for your scrap gold ought to be improving. Public awareness of the price of gold has doubtless been raised by the apparently unending stream of gold buying commercials that are plaguing our tv ad breaks at the moment. Before you start packaging up your gold and posting it off to the company with the most recognisable celebrity, it's advisable to calculate the value of your scrap gold. You can learn more about valuing your gold in the simple guide on our website. Basically, split your gold into groups according to purity - 9, 10, 18, 22 and 24 carat, then weigh each group individually on the most accurate scales you can get your hands on. Most gold has hallmarks on which will help you classify it, alternatively you can buy fairly inexpensive gold testing kits (and digital scales for that matter) from ebay. 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. Gold buying companies that won't give you even the vaguest indication of what they'll pay for your scrap gold until they have received your items should be avoided unless you are comfortable haggling. Never accept their first offer and insist that your gold is returned, most buyers will increase their offer to save on the expense and hassle of returning your items DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. Brian Aitchson offers unbiased information and commentary on MyPrecious.co.uk regarding all aspects of Selling Scrap Gold including up to date Scrap Gold Prices |