Selling Scrap Gold

Frequently Asked Questions

1. QUESTION:
   What do I need to know before I start selling scrap gold?
   I want to start selling scrap gold, but I want to know who pays the most, and how safe it is.

   • ANSWER:
     I found this blog that constantly updates with the current highest paying gold buyer. That is where I go to find today's highest buyer.

     Here is an excerpt:

     "Selling scrap gold is a lot different than selling gold bars. Gold bars are the standard for gold trading today. Selling scrap gold is not quite the same though.

     What is the different between selling scrap gold and selling gold bars?

     Well, when you begin selling scrap gold, you will find that lots of people are willing to buy it. Why is that? Because they are wanting to pay you a very small amount to get your gold. They are profiting big time from this, when it is really you that should be profiting."

2. QUESTION:
   What is the best way to sell scrap gold?
   I have several gold necklaces and braclets but they are broken. What is the best way to go about selling them for scrap. I do not have pawn shops where I live they are against the law here.

   Any suggestions, please!

   • ANSWER:
     You can sell them to a jewler or a jewlery maker. They remelt the gold and reuse it in new jewlery or to fix other jewlery, like making a ring bigger or add links to a necklace

3. 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.

4. QUESTION:
   WHEN SELLING SCRAP GOLD ON EBAY WHAT DO I PUT IT UNDER?
   I PUT SCRAP GOLD DOWN BUT IT DOES,NT SHOW UP ON THE SCRAP GOLD LIST

   • ANSWER:
     I don’t know what cash4gold will pay. I do know from my past experience, that I sent them a scrap jewelry ring and they paid me .26. I rejected the offer and they returned my ring promptly. I then found another company, http://www.captaincashforgold.com/ that paid me 3 for the same ring!! and they enclosed a track able Fedex pack along with 0 insurance as opposed to some crappy envelope from cash4gold that you cant even track. I really got burned a couple of times using a couple of different cash for gold companies but with http://www.captaincashforgold.com/ I feel I finally found one that I could really trust with my valuables.

5. QUESTION:
   How to instill confidence in bidders when selling scrap gold on Ebay?
   I have a substantial amount of scrap gold and want to get as close to market value for it as possible. I have decided I want to sell it in an auction setting.

   There are many small, and broken scraps in my collection. I split the larger scraps, stamped with the carat, by carat. I plan on selling the gold in large lots, by weight, separated this way.

   I am curious if there is anything I can do to instill confidence in bidders that my auction is legitimate. I am also interested in protecting myself from a false claims about the weight, quality or value of the gold after the auction. Is the any outside source or otherwise that I can employ to prove to a buyer that my auction is legitimate?

   • ANSWER:
     Why not get a valuation from a gold merchant and then use this as proof.

6. QUESTION:
   Where can I sell scrap gold for the most money?
   I have some broken gold items and earrings that i lost the match to, etc. I want to sell it for scrap. Pawnshops usually offer pennies on the dollar. I know gold is high right now. Where is a good place to sell the scrap so I can get closer to what its worth?

   • ANSWER:
     You have missed to say where are you living, which city.
     Regardless your living place, when you sell your gold, you sell per gram at the international prevailing rate + or - within acceptable tolerance.

7. QUESTION:
   What's the best place in Brisbane, Australia to sell scrap gold? ?
   I have a quantity of 9 carat scrap gold to sell & was wondering where the best place is to do so (I live in Brisbane Australia). I prefer not to sell on ebay as there are too many scammers around.

   • ANSWER:
     inner city used to have some good shops but that was many years ago. You will just have to take your chance if you not a regular customer you are likely to get scammed anyway
     whered you find the stuff - hidden in a old house!!! lol

8. QUESTION:
   I want to sell scrap gold direct to refiners in the u.k. Where can I find reliable buyers ?
   I dont want to deal with the middlemen or all those companies who advertise on tv and actually pay a pittance.Just an established refiner who would buy scrap gold/silver could anyone recommend a refiner anywhere in the u.k. ?

   • ANSWER:
     yeah, well, the refiners are not going to want to deal with the tiny quantities you would bring them - that's why there are middlemen . to buy small quantities from individuals and then they sell large quantities to the refineries

9. QUESTION:
   Selling Scrap Gold in Leeds?
   Hi there
   I am have found a load of old gold which I would never wear again so have decided to cash it in and make some money but I am not sure where to go, a friend said she knows somone who can buy it for £3 a grm (9ct) but when I have looked on the internet it should be more like £4+ that I should be getting, does anybody know of anywhere in Leeds that I could go, or anywhere reputable that I could send it to and Trust.

   Thanks

   • ANSWER:
     Yes, try www.hattongardenmetals.com they are paying over £5 per gram at the moment.

     They have a calculator on their rates page where you can work out how much they will pay you for your gold.

     I use them alot as I buy gold on a weekly basis

10. QUESTION:
    Where can I sell scrap gold in Phoenix, Arizona for top dollar?
    I have many pieces of old gold jewelry that is either broken or I don't like anymore.... Does anyone know who will buy the broken pieces as well as the good pieces? I live by metro center in Phoenix. Thank you.

    • ANSWER:
      You can always sell your broken gold and jewelry online directly to a refiner. Check out http://www.goldintomoney.com for more information. When you sell directly to the refiner, you get paid market prices, and its completely free to ship. You also avoid the middle man at a pawn shop

11. QUESTION:
    What would be appropriate for scrap gold - sell it for cash or pawning it?
    Hello can any one tell me please what would be more better for scrap gold,would I get more by pawning it or should I sell it for cash.

    • ANSWER:
      price per gram for gold now days are high. so i'm suggesting to you just sell it, u get more money..thanks

12. 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

13. QUESTION:
    Would I be better off selling my scrap gold 4 cash now? or after the economy implodes?

    • ANSWER:
      selliing hard assets for currency that may become worthless because the current currency price for the asset is high is stupidity

14. QUESTION:
    can i sell scrap gold with jewels in them? and can i sell if its gold plated or im unsure of the carat?
    i was looking to send them off to cash for gold for example i have about 15grams so far of what i think is 9ct gold but some may be gold plated and most have stones in them. thanks.
    the majority of the gold is broken by the way.

    • ANSWER:

15. QUESTION:
    Is it better to sell scrap gold to a jewelry store?
    I have a large amount of gold that I got after my Granmother died and would like to cash some in. Is it better to go to a jewelry store or one of those online gold places? Thanks

    • ANSWER:
      If it's scrap gold, personally I think it's better to go directly to a refiner (aka, online gold buying places) You want to make sure you pick one that is an actual refiner though, because there are many imitators. If you sell to a jewelry store or pawn shop, you gold will likely end up at a refiner anyway, so cut out the middle man. If you wanted to compare how much you get you can use this calculator

      http://www.goldintomoney.com/calculator

16. QUESTION:
    has anyone used CASH4MYGOLD to sell their scrap gold. Is it a reputable company or scam?
    I want to sell my gold with TGS Cash4mygold.co.uk. and would like to know if anyone has used them and if they are genuine.thanks .

    • ANSWER:
      its real my aunt did it and got 0 for some gabage gold lol; hey can u help me out by takin this survey about tabacco http://meltdownva.com/webads/?u=ROkusaga

17. QUESTION:
    How much is gold worth right now? Im selling gold, diamond, gem jewelry on ebay & curious?
    Im selling a lot of diamond, gem gold jewelry on Ebay & noticed that alot of people are buying scrap gold to melt down I take it?? The jewelry Im selling has diamonds & gemstones in it, how much is gold worth right now & if they are melting the gold down, can they do that with the diamonds & gems in it?? Im just curious if anyone has additional info on this, thanks!

    • ANSWER:
      Gold is currently trading at 5.25 per oz.

18. QUESTION:
    What are your experiences selling gold?
    I keep seeing the Cash 4 Gold commercials on tv, plus local jewelers are advertising that they will buy scrap gold. I was wondering if anyone had specific examples of selling gold and how much they got. I have some pieces and I don't know if I should sell online (and which companies to avoid) go to a jeweler or if I should just pawn them. They don't have stones or anything in them so I would just want the gold worth. Thanks!

    • ANSWER:
      Stay away from that Cash 4 Gold. I heard of a person who used them for cashing in 2 US per 1933 Gold Pieces. She received 0 cash for both. This was about 2 weeks ago. Problem is the dealer she bought them from 10 years ago would have given her 00 for both of those coins. Basically she got 1/3 of the total value. Cash 4 Gold is a scam pure and simple. Keep your gold. You may need it in the near future.

19. QUESTION:
    Qualifications for selling gold in California?
    So i would like to sell my scrap gold and some gold jewelry i don't need. do I need a license or will a california ID work? or what are the qualifications

    • ANSWER:
      As long as you are at least 18 with a state issued ID, there will be no problem.
      You may find that your local coin shop pays the best....

20. QUESTION:
    Where is the best place to sell scrap gold in the Detroit metopolitan area?

    • ANSWER:
      If you do not find anyone in the Detroit area, you can try an online refiner, where you can sell your gold through the mail

21. QUESTION:
    where ito sell scrap gold and with no middle man?
    i have sold gold to jewlery shops, and i want to exclude the middle man ,does anyone know where i can go in the bay area. thanks
    i sell my gold to two middle man. i want to sell it to the guy my jewerey guy sell it to, The one that melts it? where can i find him?

    • ANSWER:
      eBay is one way to go. However, almost everyone is a "middle man"

      Manufactures that use gold most often buy bars of the stuff and work it into whatever they sell. Jewelery, foil , electronics.

      So unless you can sell bars (1,000 oz!), you are selling to middle men who in turn, make the bars.....

22. 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.

23. QUESTION:
    where can I sell scrap gold jewelry?
    I have a lot of gold jewelry that I don't need anymore. Some of them are broken, and I don't even know the karats for ALL of them. I won't do Cash4Gold.

    • ANSWER:
      Empire gold is one of the largest companies that buys gold online. I always sell my gold to them.

      http://www.shareasale.com/r.cfm?B=185538&U=366479&M=23357

24. 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

25. QUESTION:
    How do I sell scrap gold to a refiner?

    • ANSWER:
      Spot gold prices are generally posted or offered in numerous adds. But those prices are for gold based on several things

      1) It is refined: as in not still attached to a circuit board or someones teeth and so on.

      2) It is subject to its purity. 24k is pure.. 10k is pretty common

      3) Raw Ore (as in you just mined it) may need to be smelted or melted into a single bar/slab/nugget to insure its consistency of #2

      If you have good metal, you may also want to contact a local jeweler to see if he/she is interested in buying it.

      .

26. 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.

27. QUESTION:
    Is now a good time to sell gold for scrap or shall i wait?
    Is now a good time to sell gold, I've got 25g of 18ct and a few bits of 9.
    Also I'm going to sell through the post - the company is a jewellery shop and looks legit. Can anyone suggest a good place to sell?

    • ANSWER:
      My friend did a ton of research, and she finally sold hers on http://www.mycashforgold.info
      She liked the fact that they are members of the BBB and were featured in USA Today.
      There were so many online sites to choose from, but they had the best reputation.
      She made a ton of money, it is a great time to sell, gold is worth a lot of money right now.

28. 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!

29. QUESTION:
    Have you ever sold your scrap gold or silver through the mail? What was your impression ?

    • ANSWER:
      Nope, but it sounds like a huge rip off to me.

      Even if legit, you only get pennies on the dollar value, your local pawn shops would pay better.

      Keep two things in mind. Those tv ads are very expensive, how do you think they pay for them? Secondly, once you stick your jewelry in the postage paid envelope and mail it off what recourse do you have if they send you a check for a penny? None, that is what you have. They will have your items and you will have nothing.

      Unless you are trying to dump stolen goods, stick to local pawn shops and jewelers.

      A bird in the hand is worth two in the bush and all that.

30. QUESTION:
    How to sell scrap gold in Highlands Ranch Colorado?
    I live in Highlands Ranch Colorado, 20 miles south of Denver and Littleton. I have a few old gold rings and some broken 14kt gold necklaces that I would like to sell. I have tried craig's list but only seem to get weird people calling me from pawn shops that want me to take my gold down to Denver to sell it for half of melt value. I was thinking about sending the scrap gold to that CASH 4 GOLD business that I saw on late night TV but when I read the on line reviews NO one had any thing nice to say about their business. Other refiners seem to have a ounce or two minimum for shipping and still charge 10% and send you a check in about two weeks. There is a Hotel Gold Buyer in town this week end and they have bad on-line review as well. Is there a local jewelry shop that would pay cash on the spot and not charge me 50% commission. What is a fair commission when I sell my gold? Please respond with usual percent of commissions or refining charge. Or if you know of a trusted gold refiner if I have to mail my GOLD, Thanks for your responses.

    • ANSWER:
      I have checked into the Cash4Gold and it look like a big scam! The local pawn shop is only a good place to sell your gold if you need cash today and you don't mind getting 50% of value. I have sold a few things on Craig's list but people want you to give way your gold and jewelry because they think you are desperate for cash. found https://sites.google.com/site/goldsilverplatinumcoppermetals/ website looking for some one to by my gold coin because I don't want to pawn it or go to some crap hotel and get offered half of what it is worth. Check out that link and see if that guy is willing to give you a fair deal. Sound like he is Highlands Ranch Colorado just south of Littleton and Centennial I think it is very honest he explains his commission.

31. 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

32. QUESTION:
    Any one sold any scrap Gold recently? How much per gram can I get (UK) ?
    I have some jewelry to sell but not too sure if its worth it??
    Thanks, but this http://www.etoolsage.com/Calculator/pMet… didn't really help as it said I would get 0 GBP per gram! and I know I can get something for it.

    • ANSWER:

33. QUESTION:
    License to sell scrap gold?
    I have two businesses dealing in gold. Do i need two separate metal dealers licenses or just the one?
    I live in Scotland. I have one business and am in the process of stating up a new company. Both require dealing in gold for scrap. Do I need two licenses from the council or am I covered with one?

    • ANSWER:
      I wouldn't think you'd even need one license. I'm really interested in finding out more about what you do. Please pm me.

34. 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).

35. QUESTION:
    Has anyone used TGS Cash4MyGold.co.uk to sell their scrap gold and is it genuine or a scam?
    Has anyone used TGS Cash4MyGold.co.uk to sell their scrap gold and is it genuine or a scam?
    I want to sell my gold and would like to know if TGS Cash4MyGold.co.uk is a genuine company in the UK

    • ANSWER:

36. QUESTION:
    WHICH IS THE BEST PLACE TO SELL SCRAP GOLD?

    • ANSWER:

37. 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.

38. QUESTION:
    how much can I sell scrap gold for?

    • ANSWER:
      You should be able to get the spot price, but it might depend on the form it is in.
      Jewlers often buy gold, as well as pawn shops and scrap recyclers.
      About 0/ounce for pure gold, this will be reduced based on the purity of your scrap material.

39. QUESTION:
    can I sell gold bars I made from scrap jewelry?
    If I refined gold jewelry what would be the process of selling the bars. I am obviously not a mint or refinery so how would I stamp the gold? Does it need to be stamped? Is there any legal ramification for doing this?

    • ANSWER:
      No, the bars does not need to be stamped. The next step that you should take would be to sell the bars to a precious metals refinery. I work for a refinery called Metallix Direct Gold, and we would love to give you an estimate on your gold bars. Our website has a gold calculator that will give you an estimate on how much you will receive. We offer free FedEx shipping with 00 of insurance and no lot fees. If you have a minute, you could check out our free whitepaper on The 7 Steps To Maximize Your Gold.

40. QUESTION:
    How much money should I expect if I sell my gold for scrap to a jewler? ?
    It is 14k and weighs approx. 1 1/2 ounces on the postal scale at work.

    • ANSWER:
      Spot gold price is currently 5 / troy ounce. The postal scale measures in avoirdupois ounces, 28 grams to the ounce. So you have 42 grams of 14K gold which is 14/24, or 58.33% pure gold and 41.66% something else. So multiply 42 x (5 / 31.1) * (14 / 24)

      I have a spreadsheet that does it, it puts 14K gold at .66 / gram, and spot price on your gold is 7.72.

      Now, spot price is a funny number. If you are buying, people may charge you a lot more than spot, or a little more than spot, but never less. When you are selling, people will offer you much less than spot, or a little less than spot, but never more.

      You can check the spot price anytime here:

      http://www.kitco.com/

      Grandpa

41. QUESTION:
    Has anyone used David H. Fell Co. in California to sell scrap gold and what was your experience with them?

    • ANSWER:
      They will pay you pennies on the dollar.. just as any other scrap dealer would...

42. QUESTION:
    should i sell my scrap gold jewellery
    I live in Rugby, and went round a few shops, and the expensive type shops didnt want to buy it ! They said they "would" give a high price...only they "werent buying at the moment" ....Hmmm! I tried a couple of check cashing places, and a place called the emporium, who offered quite a bit over what the others had offered? (do they know something) ie, is now the best time to sell?
    Its gold, but i dont wear it, some of it broken, scrap jewellery so I know its not worth a lot, but I was suprised at the price offered!
    should i sell scrap gold in rugby, or go to the jewellery quater...is it worth the petrol though!

    • ANSWER:
      My friend wanted to do the same thing.
      She did a lot of research, and she found a great place online. I will provide the link for you below if you are interested.
      She compared a lot of places. She felt good about this one because it was featured in USA Today, and she liked the fact that they are members of the BBB.
      They were willing to give her the best price for her gold, and they were willing to pay her fast.
      There is a ton of information on that site if you would like to check it out. You can put in your information if you would like to find out what you can get for your gold.
      Good luck, I hope you get they money you want for it!

43. QUESTION:
    has anyone used TGS Cash4MyGold.co.uk to sell their scrap gold and is it genuine or a scam?
    I want to sell my gold and would like to know if TGS Cash4MyGold.co.uk is a genuine company in the UK

    • ANSWER:
      Not familir with that specific company but there are several comparisons of all of the cash for gold companies and the most any gave was only 15% of the total value of the gold, some were as low as 6%. Pawn shops and jewellers gave the most money, about 25-30% of the total value.
      http://www.myfinances.co.uk/cut-your-bills/news/warnings-over-cash-for-gold-service-46021.htm
      http://www.taxfreegold.co.uk/whichslamscashforscrapgoldbuyers.html

44. QUESTION:
    Have you recently sold any of your scrap gold?
    What did you sell, and how much money did you get?

    • ANSWER:
      The price you get really depends on the quality of your gold (10K , 14K ) and the quantity. The more you are selling, typically the more you will get per dwt (pennyweight)

      If you want to estimate how much you can get for selling scrap gold, use this calculator: http://www.goldintomoney.com/calculator

45. QUESTION:
    how much is 51 grams or 1.8oz 10kt gold worth if selling for scrap?

    • ANSWER:
      Roughly 0 if i'm doing the math correctly. I'm not sure so you might want to check out the prices at online gold refiners that will buy your scrap gold for cash

46. QUESTION:
    USGOLDBUYERS.COM ARE THEY ANY GOOD. LOOKING TO SELL SCRAP GOLD?

    • ANSWER:

47. QUESTION:
    I am looking for a trusted place where i can sell my scrap gold in NorthWestern ConnecticuT,any ideas?

    • ANSWER:
      You can sell to a pawn shop or jewelry store, but that takes some time to shop around

      If you want to do it without any stress, try this company

      http://www.goldintomoney.com/company-reviews/cash4goldcom-company-review

      They'll send you a free kit and you send off your scrap gold and you'll get paid next day

48. QUESTION:
    What do they do with the gold at scrap gold shops?
    I know scap gold shops sell to refiners, but can someone explain the whole process from some gold chain to shop refiner and so on.
    Why can't I per say (dnt wear gold, not my tatse) sell it to the refiners. What happens after the refiner.
    I am bit vague but i hope you get what i'm trying to explain.

    • ANSWER:
      you can sell to a refiner but would have to have at least X amount to make it worth your while, because they pay you better percentage in bulk at 800 gold if your selling yor scrap to pawn shop bargain to get 12$ per gm on 14k at least.

49. 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.

50. QUESTION:
    I`m, about to sell my scrap gold to scrapgolduk.co.uk, is this wise?
    e.g. If they say something is not gold, will they send that bit back with my cheque? Are they reputable? Thanks.

    • ANSWER:
      I have never heard of them before, so i would just visit you local pawnbrokers to see how much they would give you for it, its also easier to get back if it is not gold, and it won't get lost in the post, which could be a costly mistake to happen.