Scrap Gold Price

Frequently Asked Questions

1. QUESTION:
   What's the price of scrap gold per ounce US dollars?
   I have some scrap gold to sell and I don't want to be ripped off.

   • ANSWER:
     Typically you will be able to sell scrap gold for a spot price... not the actual price it's trading for on the market (gold price is for future commodities)

     You can use this tool for estimates:
     http://www.goldintomoney.com/calculator

2. QUESTION:
   scrap 9 carot gold price?
   Ive 451 grams of 9 carat scrap gold,should i sell it now while the price is high or is it going to go any higher in coming months.If i do decide to sell it does anyone no any companies that will give me the highest price for it instead of these stupid advertisements on t,v...i seen a place in birmingham offering £9.75 for scrap 9 carat but im thinking if i could get higher it would be excellent..who do these people send there gold to as im sure there geting a lot more for it.

   • ANSWER:
     OK, 451 grams is almost a pound of metal and that's big time. Yes, sell it now, you are near the highest price for gold which is in a bubble and far more likely to decline than to appreciate much higher. 9 karat gold is 9/24 pure or 0.375 fine gold. 451 x 0.375 = 169.125 grams pure gold content. 169.125/31.1 = 5.44 troy ounces of actual gold weight. At today's price of about GBP770/troy ounce would give you a meltdown value of almost GBP4,200 for the whole lot. A local scrap dealer should pay you at least 70-75% of that, so call around locally. You are right, those TV spots are rip-offs and simply looking for a sucker.

     You could also try eBay, where even scrap gold sells at auction for 90-95% of spot price, but you would have to prove the gold content somehow, possibly by certification by an assayer.

3. QUESTION:
   What the price on 10KT and 14KT scrap gold per gram?
   Anyone know the answer if I want to scrap my 10KT and 14KT gold jewelery per gram. Serious answers and thanks in advance.

   • ANSWER:
     Prices vary daily. Check out the site below or one like it.

     As of January 18, 2008 the following are typical (per troy ounce):

     10k karat Gold 0.10

     14k karat Gold 3.25

     There are 31.103 grams per troy ounce, so divide the prices above by this number to get price per gram.

4. QUESTION:
   Gold has went up and down in price over the past 3 weeks,Could it get any higher in scrap gold value?
   Gold has went up and down in price over the past 3 weeks,Could it get any higher in scrap gold value as i have around 480 grams and im thiinking should i sell it now for 7.10 a gram or should i wait and maybe get a little extra,

   • ANSWER:

5. QUESTION:
   anyone know the price for scrap gold? what about sterling silver?
   I have lots of scrap 10K and 14K gold as well as some pieces of gold jewelry (rings, earrings, necklaces, bracelets) and some sterling silver jewelry. Does anyone know what it's selling for these days? Or would I get more for the pieces if I sell them as pieces, not scrap? I need to make money quick, your answers are appreciated!

   • ANSWER:
     The price you will receive will depend on where you have your scrap reclaimed, the amount of scrap you have and the market rate for gold. Remember that you will not receive the spot price for gold in return for your scrap--there are assaying, refining/reclaiming costs that will need to be deducted.

     Instead of taking your scrap to a jeweler who would act as a middleman between you and the refiner (and therefore give you a little less than the refiner would give them), go directly through a refiner with a reclamation program. Anyone like a jeweler or the outfits that advertise on TV are actually just offering to act as middlement between you and the refiner for a piece of the pie.

     I've used the refiner David H. Fell & Co. in Los Angeles for my scrap recovery and been very pleased with the system they have set up. Click on the link below for contact information; they will send you a kit you can use for submitting your scrap.

     Good luck.

6. QUESTION:
   fair price for scrap gold?
   If I want to sell some gold jewelry for scrap, how much per gram of gold is a fair price? I know whoever I sell it to has to then sell it to a refiner, and everyone wants to make money along the way, so what should I expect? I know the karat weight of the items and how much they weigh, so I can calculate the exact amount of gold I have. It has a value of about 0 with gold at per gram. Thanks.

   • ANSWER:
     If the value of the gold is 0, I think a fair offer would be in the neighborhood of 0.

7. QUESTION:
   WHAT IS THE PRICE OF 14KT SCRAP GOLD PER GRAM?
   I HAVE SOME14KT GOLD THAT WEIGHT 41 GRAMS. I WANNA KNOW WHAT I SHOULD GET FOR THAT IF I WAS TO SELL IT. SOMEONE PLEASE HELP !!

   • ANSWER:
     At current spot price of 75 per ounce, its worth about .80 per gram. So 41 grams would be worth about ,000. Probably get a little less than that at gold dealers. Hope this helps, mule.

8. QUESTION:
   Should GOLD Scrap & NON Scrap go for the exact same price ?
   When you arr Buying or selling gold what do you base it on besides the weight ? If you have NEW, VINTAGE, SCRAP all weigh the same how do You go about pricing it ?

   example :

   1. 14k Scrap gold ~ 20 grams

   2. New Beautiful ring : 14K Gold 20 grams

   3. 50 year old Vintage Ring : 14K Gold 20 grams

   SHould they all be the same price or not ?

   Thanks!

   • ANSWER:
     To a refiner, it doesn't matter. It's all going to be melted down. It sounds cold, but that is the way gold refiners do business.

9. QUESTION:
   % of spot price payed for scrap gold?
   Dealers pay you less for scrap gold than the spot price. What is that percentage?

   • ANSWER:
     It changes according to supply/demand.

10. QUESTION:
    Where can I sell scrap gold on the best price?Let me know,please if you know good places!?

    • ANSWER:
      the best way is by refiner who will send you a pre-paid fully insured envelope for you to send them the scrap free of charge.
      Also, you need a refiner who will pay you spot price for your gold.

      the company i reccomend can afford to pay you spot price because they then go on to play the stock market with it.

      so you get full price cash sent to your door

      http://www.goldenmoney.co.uk

11. QUESTION:
    I am planning to sell my scrap gold. Can any one help me who gives the best price in town?
    I did with few pawn sites earlier and i was never satisfied. I am expecting some good place to get good money.

    • ANSWER:
      Take a look on Ebay and see what similar auctions for scrap gold are selling for. Probably get more there than a Pawn Shop.

12. QUESTION:
    where do jewellers send their unwanted or scrap gold to get a fair price for it?

    • ANSWER:
      most melt it down and make new items from it.

13. QUESTION:
    how much $ can I expect to get for 14k scrap gold jewelery in today's market price?
    do these advertisers for "sell your old gold" vary much in what they pay from place to place?

    • ANSWER:

14. QUESTION:
    what is the price of scrap gold per gram?

    • ANSWER:
      Spot Gold Price is 01.00 us for .999% pure Troy Oz as of close of business on Friday (see link below). 1 gram = .035 oz

      The above price is the spot price or strike price, there are always fees and commissions paid. If it truly junk gold and not .999% pure, you will get less per oz.

15. QUESTION:
    what is a decent price for 116 gramms of scrap 9ct gold?
    ive just been offered an amount and havent a clue if thats about right, ho wmuch could i get for 116 gramms of 9ct gold, it is wearble if that makes any difference.

    • ANSWER:
      current prices for scra gold can be obtained at http://www.scrapmetalpricesandauctions.com

16. QUESTION:
    what is a fair price to pay for scrap gold measured in grams?

    • ANSWER:
      This requires a bit of math...
      First, find the spot gold price per troy ounce. Right at the moment, that is 3.60. See the web site below for current gold quotes:
      http://www.kitco.com/market/

      Now, divide by 31.1 because there are 31.1 grams in a troy ounce. That will give you the price per gram of 24 Karat gold.
      Scrap gold will never be 24K gold. 10K, 14K, and 18K are all far more common. 18K gold is 18/24 or 75% pure gold. 10K is 10/24 or 41.7% gold. That means the value of the piece is going to vary over a wide range depending on the karat, and you will have to do some calculating.
      Coin shops generally pay about 80% of the gold value. Pawn shops pay 50% or less, and I'm told that Cash4gold.com and similar places pay 30% or less, and nothing for precious stones that may be part of the piece. This is where you decide what you want your profit margin to be.
      Enjoy.

17. QUESTION:
    whats the price for scrap gold?

    • ANSWER:
      If you trade on the internet you would get about £7.00 for a gram of 9ct gold but for 24ct gold you get about £17.00 a gram, for platinum about £16 a gram. If the jewellery is not broken it would be better to try and sell it as secondhand jewellery

18. QUESTION:
    Scrap Gold Prices in UK - What Kind of Money Do You Make Selling Scrap Gold in London?

    • ANSWER:
      Gold is currently trading at about 700 euros with London as the world's bullion trading hub. Selling scrap gold makes a good part-time income because of the high liquidity and recession-proof nature of the business.

      Gold helps hedge against inflation & economic uncertainties. You can scrap gold out of cell phones, dental fillings, old coins, PC electronics and jewellry trades with others.

      To get today's gold price per gram, take today's gold price in troy ounce and divide it by 31.1

      Gold fineness also determines its value (usually 10k, 14k or 18k). For this, segregate gold scrap into karat lots before selling.

19. QUESTION:
    How much is the price of gold today 7/12/2008 closing on 7/11/2008?
    I am looking to see gold as scrap, gold in new pieces,and silver as scrap and new pieces.I am going to different jewelers that buy gold to see what the best price is,I just want to know what I am up against and the real prices versus what they will pay.Any feedback to help me not get ripped off or sold for alot less than I should. Thanks

    • ANSWER:
      Prices change constantly, you can monitor them online:

      http://www.kitco.com

      Dealers will charge you a small percentage over "spot", or pay you a small percentage under "spot", for items valued primarily for their gold or silver content. Rare items or finely worked jewely goes for even more. If you just want to buy and sell gold or silver, you might check coin dealers as well.

20. QUESTION:
    Where in canada can I get above 97% of scrap value for gold?
    I have a place here in Maryland that gives me 96% of the goldspot price on my scrap gold. In canada, gold goes for more an ounce. Im looking to maybe ship some out and get a little bit more for it. Does anyone know of a gold liquidator in canada??

    • ANSWER:
      First, it is a very rare business that pays better than that. Paying more means giving up their profit margin. In general, only private individuals pay better than that. My own business pays slightly better, but only for coins - I am not buying scrap gold right now, and if I was, I would be paying less.
      Second, while you do get more dollars for your gold in Canada, they are Canadian dollars. Spot gold is presently US20, which equals CAN95. Canadian dollars are worth slightly less than US dollars, and you will lose a little bit converting then to US dollars.

21. QUESTION:
    If I sold a 14K Yellow Gold bracelet that weighs 30g for scrap, can you estimate a price?
    I have a 14K yellow gold "bangle bracelet" and a friend of mine told me it weighed 30 grams. Could you estimate around what price a Buyer would give me for it? Please and Thank you.

    • ANSWER:
      Maybe

22. QUESTION:
    where can I find up to date scrap gold prices?

    • ANSWER:
      Scrap Metal Prices and Auctions provides daily updates of scrap gold http://scrapmetalpricesandauctions.com/precious-metals

23. QUESTION:
    Scrap gold and pricing?
    How do.
    I have or had a gold bracelet 9kt gold and took it to be scrapped for cash today..I went to 2 shops today and the offered me £200 then i went to the second and told them that i was offered £230 and they went an weighed man and surprise surprise there price was £230 aswell So ofcourse i decided to take the higher price. Apart from finding out that the rip you of so much i found that if you like within a reasonable amount of cash you can blag it...So, onto my question. How much do the likes of the scrap golf for cash adverts that you see on tv offer? are they better than a store as the store that offered me £200 pound was offering £8 per gram for 9kt..Can i get more than that? if so how?

    Thanks very much .

    • ANSWER:
      they will never give you a fair price for scrapping, its pretty much like pawning and most pawns are stolen crap people dont care about, if its worth any thing sell it on the internet, or some sort of yard sale, or farmers market

24. QUESTION:
    if i decided to buy gold from people {scrap} where can i sell to get the best price for it?
    i like to start buying scrap gold from yard sales and neighbords , where cani sell it after to make some profit??

    • ANSWER:
      NOT cash for gold

      check with your local jewelers some will buy it off you

25. QUESTION:
    Which company currently pays the best price per gram for 9ct gold (scrap or otherwise)?
    I have a 2.84g 18ct gold chain and want to find the best price before I send it off. I currently have found £10.60 per gram (£21.20 for 18carat).

    • ANSWER:
      Looking around £10.60 seems to be fair value, but shop around and go on to the high street and ask a few jewellers.

26. QUESTION:
    How do you know what your scrap gold is worth?
    If you want to sell your scrap gold, how can you know you're getting a fair price?

    • ANSWER:
      24 Karat is 1/24 pure gold by weight. Thus, 24K is considered pure gold.

      If 24K is pure gold, then 18K is 75% gold, 14K is 58% gold etc. Given an approx spot gold price of 00/oz., scrap value of One (1) gram of gold is as follows:

      10K .67 per gram.
      14K .49 per gram
      18K .64 per gram
      24K .93 per gram

      I checked a few things selling on ebay. They are going for roughly about the same prices as shown in the above table.

      So you need to weigh the item first, then do the math using the table above.

27. QUESTION:
    How do you reclaim the scrap gold from old computer memory?
    how do you get the gold off the memory? I have seen bulk lots of memory on ebay for sale for scrap but im not really sure how to do this. How much gold can you get form each memory chip? what would be the right price to pay for say a lot of 100 memory chips? I have been wanting to get into doing this for awhile but im just unsure of how to do it. Thanks to anyone who can help me or point me in the right direction.

    • ANSWER:
      The following I found for you on:
      http://www.finishing.com/191/49.shtml
      It was submitted by Richard Alcor, Cushing, OK, USA

      There are a number of methods that may be used. Reverse electroplating is generally fairly simple and can be done using an automotive battery charger, a stainless steel plate, a carbon rod (or another stainless steel sheet), a 5 gallon detergent bucket and some commonly available (and inexpensive chemicals). This method works well for certain types of scrap; clipped leads and ends for instance and heavy plated scrap. Whole PCB scrap COULD also be done this way, but you would need to first crush and burn to reduce the volume and get rid of waste materials. You can also use AR (Aqua Regia method), Cyanide Leach (or alternative using a product called Cyanide Leach Substitute or CLS), mercury, etc.

      I generally use AR for everything. Processors, memory and clipped leads all provide excellent returns. I also do the rest of the PCB, after crushing and burning. Hard drives, in my experience, take so long to dismantle that they are worth more to me as dirty aluminum scrap than anything. If you spend the time to come up with a better method for retrieving the scrap from the read/write head and platters inside the drive, then they too may be profitable (a lot of people swear by them).

      In my experience, whole PCB board of mixed type from mixed sources will provide around 1-3USD/lb profit after expenses using AR.

28. QUESTION:
    what price do shops give you on scrap gold per gram?

    • ANSWER:

29. QUESTION:
    how much is scrap gold worth on average in the uk?
    whats the average price per gram.

    i have 100g of scrap gold, what is it worth?

    • ANSWER:
      Scrap gold price per gram is about £4.50 for 9 carrat rising to about £13.66 for 24 carrat. hope this helps.

30. QUESTION:
    scrap gold prices per gram??? anyone know?
    can anyone tell me simply?
    thx in advance

    • ANSWER:
      Depends on the purity, and who you sell to. A large quantity would be worth taking to a refining company, to cut out the middleman.

31. QUESTION:
    what's the current price of gold?
    Whats current scrap price of gold? Looking to get rid of some

    • ANSWER:
      I think this is the right time to get rid of your old gold considering the latest trend in the price tag of gold. You would get a sizable amount if you sell the same now. Good market price.

32. QUESTION:
    How do I sell my scrap gold direct to a refiner?
    I'm looking to sell my old scrap gold jewelry and things, and get the highest possible amount for them. I keep calling all these ads on TV for people that buy it, but the prices I get seem to all be way too low. How do I sell my scrap gold direct to a refiner?

    • ANSWER:
      Try Specialty Metals in Fairfield Connecticut.
      The phone number is 800-426-2344 www.specialtymetals.com
      They will buy your gold at prices way above what a jeweler
      or pawn shop will pay. The ads for gold buyers on TV are full of problems. Go to Better Business Bureau web site and look up each company. If you see problems, stay away. BBB.com

33. QUESTION:
    Is gold going to get any higher in price?
    Does anyone no if gold is going to get any higher than it is as ive heard rumours that its going to reach near £1500 an ounce in may,would it be wise for me to hold of with my scrap gold and sell it then.

    • ANSWER:
      Of course gold is going to keep rising in value as there is less and less in the world. More countries use gold as the main foundation for there currency, though different mining companies pop up and may find more gold but id say it would be in your best intrest to keep it. Have fun with the profit!

34. QUESTION:
    Why is the price of gold so high at the moment?
    How much more do the people that buy gold for scrap make on it?

    • ANSWER:
      The scrap gold people will offer you 50-65 % of what it is actually worth. So they are making 50 - 100% profit over what they pay.

35. QUESTION:
    is gold starting to come down in price?
    Ive loads of old scrap gold im wanting to sell,but im worried gold is starting to come down again.
    Should i sell it now or should i hold out for a while longer and hopefully it gets sky high.

    • ANSWER:
      Look at the market and see what metals are doing. And if you're going to sell it I hope you won't sell it to those online or tv gold recycling scam artists.

36. QUESTION:
    where to sell gold bullion / dore from dental scrap gold to?
    I've melted lots of dental scrap into an ingot / gold bar and refined it using a home refining system. its 99.98% gold. where can i sell it to? I saw others on Ebay which sold for a lot less than the gold spot price (ie, spot was /gram and other home-made bars were selling for roughly /gram only) The only ones selling for a good price were the stamped ones from Metalor, Suisse, etc. Since I made it myself, what do I do with it? I tried selling some before to refiners I found online like Midwest Refineries and Garfield, but the return was NOT as advertised. They claimed I would get 94%-96% of the value but they really only gave me like 60% - scammers, to say the least. Anyways, does anyone have experience with a reputable gold buyer for non-minted gold bullions? Allso, I have a good amount of palladium which is about half the price of gold - who can buy that at a good price? Thanks
    im dealing with about 50 oz. what is the minimum for a known refining company to refine my gold, and do you know what rates they charge?

    • ANSWER:
      Many coin dealers will buy bullion. You might also try jewelry stores (real jewelers, not the places in the mall).

37. QUESTION:
    How does a jewelry store determine how much to pay for scrap gold?
    I have heard that some places don't pay very much compared to others. How can I tell it's a fair price?

    • ANSWER:
      Look up the current market price for pure gold. Determine the gold content of your jewelry based on how many carets it is and the weight of the metal. 24 carat = 100% gold, 12 carat = 50%, etc. My understanding is that a fair price is 50% of market price based on the pure gold content of your jewelry. Ask the jeweler how he is determining what to pay. The honest ones won't hesitate to give you the answer. Gold is selling for 9.50 per ounce on the futures market right now.

38. QUESTION:
    Scrap Gold Who Gives the Best Prices?
    I have some scrap gold to sell.

    I've been given a code (which is 61240) that I'm told you can type into the form at Hatton Garden Metals and you will then get a better price than they advertise on their website for scrap gold.

    I've looked at their advertised prices, which seem very good - just about the best in fact - and I've also seen loads of horror stories on the net about TV scrap gold companies ripping people off and paying a very low amount.

    Has anyone used any scrap gold companies, what have been your experiences, and has anyone tried the code at Hatton Garden Metals (and does it really give you more money)?

    Thanks.
    Rocky, I'm asking a question here, not asking for a sales pitch on your company, and I have 2 issues.

    1) I am in the UK not the US, so what you do or don't do is totally irrelevant.
    2) Don't post on here that another company in the same business as you has "scammed" people - post WHERE you have found this online, because I can't find any evidence of this at all.

    What you've posted just looks like a sales pitch, and anattempt to blacken the name of another company. Please post links to where these bad reviews are.

    • ANSWER:
      Figuring out who will give you the most money for your scrap gold can be very difficult if you are not experienced. I work for a precious metals refinery called Metallix Direct Gold, which has been buying precious metal scrap for over 40 years. I did some research on Hatton Gold Metals, and found that a few customers have reported to being scammed by the company. Our website has a gold calculator which will give you an estimate on how much you would get for your gold with daily updated prices according to the London Fix. If you like the price of the estimate, you can send in your gold to us and we will analyze exactly what the price will be. If you are not happy with the price that you will be getting, then we will send all of it back to you as soon as possible. We also insure your package up to ,000 when you send your scrap.

      If you have an extra minute, check out or free download on the 7 Steps To Getting The Most Money For Your Gold. Both of the links are listed below.

39. QUESTION:
    Scrap Gold.. How to figure value?
    How do I figure the value of scrap gold? I need to know the price per gram. Thank you!

    • ANSWER:
      It should be published in the paper in the financial section. It varies from day to day, and from country to country, of course. I sold a lot of old broken bits several months ago (many jewellers will buy it) and got about £70 (0) for it. They have to buy it at that day's official price. In the UK it will go back, I think, to the Bank of England, if bought officially like that.

40. QUESTION:
    how much would i get if i sell my scrap gold?
    i know prices always fluctuate but i live in new york and i have a bunch of gold hoop earrings, some old necklaces.. and i have a name plate ring and nameplate necklace that were both very expensive. How much do you think i would get for it?

    • ANSWER:
      It will depend on the weight (heaviness) and carat weight of each of the items (10k, 14k, 18k) that will determine the overall price.

      I work in NY and I actually just scrapped some old earrings and a broken bracelet and an old class ring...made several hundred dollars off of everything and it was mostly 14k gold.

      Good luck!

41. QUESTION:
    question about gold and gold price....?
    what an i expect to get for a typical ladies 14k gold ring or gold scrap chains that are 14k?

    thanks

    • ANSWER:
      A lot less than you think
      First they are 7/12 gold, or about 1/2 gold content.
      and The company that buys it has to refine it to 24K gold and that costs, and they also want a profit.

      So Junkgold is worth something but nothing near 99.99% gold in coins

42. QUESTION:
    scrap or broken gold?
    what do the trade do with high volumes of scrap gold. and whats the best price on the fix on offer? does any one know if you can get more that the gold fix 4 scrap? thanks

    • ANSWER:
      You should look to sell direct to gold refiners, not a middleman. They melt it down in a furnace, to purify it. Do an internet search to find a suitable company. I used to work for a company that did this. They bought pure, and sold scrap, to Johnson Matthey, or Engelhard.

43. QUESTION:
    does scrap gold value change from country to country?
    say 1g of 10 carat gold is an average of £5 GBP (USD) in the united kingdom.

    can it drastically change in other european countries. like maybe the average price is £3 GBP ( USD) in countries like Germany/France/Russia Etc.
    also is it extremely expensive in some countries?

    • ANSWER:
      There is no significant variation in the price of gold from country to country.

44. QUESTION:
    price of gold estimate?
    I have a gold ring with fake pearl and it looks like real diamond chips that was purchased from Witmark and a gold pin with nothing on it and I was wondering if anyone knew a ballpark estimate on how much I would get if I took it in for scrap gold.

    • ANSWER:
      It depends on a number of things such as the quality of the gold. The best thing to do is take it in to a jeweler. Most good ones will give you a rough value for free. Just make it clear that you do not want to sell it to them because they will be a lot more honest about the price

45. QUESTION:
    Should I sell my gold jewelry and scrap gold now? I have over 11 oz of 14k.?
    At over 0 for gold this morning, I have read predictions that the more we go into a recession, the higher the price of precious metals. Now I'm wondering, should I sell the small amount that I have or hold on? These are pieces I can let go of with no attachment but I'm wondering if it would be more prudent to hold on...any thoughts would be appreciated.
    Thanks!

    • ANSWER:
      That 0 per ounce is troy ounces which is 31 grams not 28 grams, that is the way precious metal is wieghed so you probably have closer to 10 ozt

      Your gold is 14 k, spot price is for 24 k so you are talking a price of 5/ozt not 0

      The places which buy your scrap gold only give a percentage of the spot price because they in turn, sell it to recyclers who don't give them the spot price since they have refining costs and also need to turn a profit so you are only going to get at best, about a third to half of what your gold is worth.

      If you want to sell, your best bet would be to sell the items as scrap gold on a site like ebay. There are many bidders who buy scrap gold. Personally, I cannot bear the thought of sellng my gold, I am a gold prospector for the hobby, not the money.

46. QUESTION:
    What are the current prices for gold in the uk at the moment ?
    AS above :

    What can you expect to pay per gram/ounce of the stuff, and also sell your scrap gold at.

    Thanks.

    • ANSWER:
      Pounds for ounces !!!

      ;-0

47. QUESTION:
    how do you invest in gold or silver?
    I was wondering where you buy the gold and then where would you sell the gold for a good price?

    is it mostly just scrap gold and silver that is bough and sold?

    • ANSWER:
      There are several ways to invest. No, it is not mostly scrap gold and silver that is bought and sold. Forget the TV ads. Most people buy and sell using an investment company (either a stock broker type or a precious metals company).

      The types of investment are the following:

      1. Collectible coins. - It is best not to try this without knowledge of the subject. Use a reputable dealer as listed below for bullion coins.

      2. Bullion Coins - You can buy these by mail from a reputable dealer. (Blanchard, Investment Rarities, etc.) I shy away from the ones that advertise on TV. The better companies advertise in financial magazines.

      3. Stock or mutual funds dealing with bullion production or mining. Check out stock symbol: ABX & UXG for gold HL for silver. (HL has not performed well in the past 2 months.)

      4. Stock in a reputable company that buys and maintains gold and silver in their vault. Example : CEF

      CAUTION: Gold and silver are volatile and you will see the price go up and down. Mining stocks are even more volatile. Start with an amount that you could risk loosing 25% of its value without hurting yourself.

      I invest in gold stock and mutual funds and make good profits. But I do not use the buy and hold strategy. Some people do.

      My strategy is pretty basic but it works for me. I try to buy after prices have fallen some and sell when I can make 10% to 15%. I recently made a little over 25 % on a mining stock. I have also sold at a 30% loss before I learned to sell quick to take my profits and cut losses.

      Start slowly. Go with the price trends. Sell quick to cut your losses and take advantage of profits.

      Use Yahoo Finance to do your research. I like to watch the 3 month graph of the price of a stock.

      I also do all my gold and silver trading from an IRA to keep the profits from being eaten up by taxes and to simplify record keeping. If you want to buy and sell stock or mutual funds, I recommend Charles Schwab, eTrade or other discount broker.

      Good luck.

48. QUESTION:
    How do i sell my gold jewelry for retail price?
    I read that I can get 75% more value if I sell it for retail as opposed to scrap. But, I can't find anywhere that will buy it for retail or even close to retail.

    • ANSWER:
      sell it in ebay - make bid - and don't use high initial price

      or try this website its useful

      http://gold-price-blog.info/

49. QUESTION:
    How much is a gram converted to pennyweights in gold ?
    I'm trying to sell some scrap gold jewelry and I've been checking around at some nearby jewelry shops and everyone gave me a price in pennyweights except for one company that gave me their price in grams. Some kind of formula would be awesome also btw.

    • ANSWER:
      One pennyweight (Dwt) = 0.05 Troy Onces
      One Troy Ounce = 31.1 gr
      Namely, 1 Dwt is equal to approximately 1.55 grams.

      Pasternak Findings has on its jewelry supply site a nice conversion calculator: http://www.pasternakfindings.com/template/Convertor/Jewelry_Size_Weight_converter.htm
      Select weight for the conversion. Then select the units you wish to convert from and to.

      Sarit Designs - Handcrafted Jewelry
      http://sarit-jewelry.com

50. QUESTION:
    What is the value of a 22 carat gold half sovereign?
    I want to sell some Royal Mint jewellery (unwanted gifts) to a scrap gold/ second hand jewellery merchant but I don't know what it is worth. I have the following:
    A 9ct gold chain & cross bar (with 10 small diamonds) & a 22ct half sovereign pendant from 2003 - limited edition of 5000. Also a pair of 9ct gold earrings in a cross design with a small emerald in the centre & very small diamonds. Finally a sterling silver fine chain with pendant & 3 small sapphires. Can anyone help? What is the minimum I should take? I had a look on www.royalmint.com & the jewellery on there isn't cheap, but if you are selling it on second hand what sort of price can you expect to get?

    • ANSWER:
      You would be well advised to take them to a reputable jewellery store or two, or a reputable pawnbroker, they also buy scrap gold and will give you a fair price.

      Obviously you wont get full values as they need a margin for profit. If i were you i would also consider a reputable auction house as you might get a better price there, but get a valuation first and put a reserve on at 70% of full value.

      Good Luck.