Posts Tagged ‘sell gold’

Many Gold Buyers Want to Buy Your Gold!

November 20th, 2009

It pays to look around for the best price for your gold.  Most gold buyers will inform you straight away the value per gram they would pay for the separate grades of gold. It is doubtful that any gold scrap dealers will give you 100% of the scrap value for your gold as they want to take home a profit as well. The only place that you can get more than the current scrap rate for unwanted gold is if you sell it on eBay, but then you will need to shell out sale costs and you will most likely be no better off in the end.

The exception to this, may be if you possess any vintage gold jewellery to sell that is in great condition or old gold coins. These things might be worth a lot more than scrap rate so you may want to take these items to a jeweller or else your local auction house for an extra valuation prior to opting for selling these items as scrap.

If you come across any unwanted gold that you feel may perhaps be valuable it could be useful finding out what the hallmarks mean. Every single piece of gold jewellery should have hallmarks. These impart the carat quality of the gold, the place where it was hallmarked, the age and the maker. If you come up with an item that has no hallmarks then it is either very old, very worn or not really gold at all.

You might be able to locate the details you require regarding the hallmarks online or consult your local jeweller, or antique dealer. You can simply get a hallmarks book online. Generally contemporary gold sold in the UK will be hallmarked with either .375 which means the item is 9 carat grade, or .750 which is 18 carat grade.

Finding out if gold items are 9 carat grade or 18 carat grade before selling to a cash for gold company will give you a much better sense of what your unwanted gold is worth. It is doubtful that you will come across any pure 24 carat gold, unless you have stashed any gold bullion under the flooring!

24 carat gold is too soft to be used for jewellery or coins. Gold that contains a lower carat than 24 has had additional metal included for strength. The lower the carat number the less the gold content. Today, usually silver or copper are used to mix with the gold to give it strength.

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Selling Under 24K Scrap Gold For Cash

October 17th, 2009

If you have old household items that are labeled 14K, 12K or 10K gold, they might be worth some money. If you’re not using these items any longer, consider contacting companies that will give you cash for gold. Keep in mind that the choice to sell gold items is not only a way to get cash for gold, but is always helping your environment. If you’re a person that goes to many auctions, estate sales or garage sales, you may pick up some used jewelry at a very good price. Often the people selling gold jewelry are unaware that they have some valuable merchandise in their possession. They think of the items as used jewelry, not realizing they have valuable scrap gold. If you can get these items cheap, you can turn a nice profit by selling them to someone that will pay you what they’re worth. White gold and platinum have been around for a long time. Many people think of gold as being yellow, so they underestimate the value of platinum. You can sell platinum jewelry, or items, the same as gold, and get some good money for these as well.

Companies that encourage you to sell gold to them will pay you for used jewelry or scrap jewelry based on what the current value may be at the time. When you contact them to inform them you want sell gold items to them, they’ll usually send you a gold kit. The gold kit will include a label for you to send the items to them. The label will include all the information they need to know, including where to send the money. You’ll also get an envelope to send your old gold jewelry.

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Selling Scrap Gold

July 22nd, 2009
wedding rings
Creative Commons License photo credit: Print North East

If the economy has you down on your luck and you’re one of the many people looking to sell their gold, there are a few things you should know if you want to learn how to sell scrap gold safely. First what is scrap gold? Scrap gold is any item that contains traces of gold that can be smelted down and resold. Things like gold bracelets, class rings, simple wedding bands, necklaces, teeth fillings, and earrings are perfect examples of items that can be sold and smelted down. It all boils down to any items that don’t have much retail value but still has significant gold content, enough that the gold in the item is worth more than the it would be otherwise.

When you have the items you want to sell, you need to find a buyer. You can sell scrap gold to gold refiners or scrap gold dealers. Scrap gold dealers are actually middlemen that sell to the gold refiners. If possible you should always sell to gold refiners rather than any middlemen, that way you will get top dollar for your gold.

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