WHAT IS SCRAP GOLD?
Scrap Gold is a term recently very often used in relation to the recycling process of scrap gold jewellery, dental gold, coins, antiques and virtually any item with some gold content in it. Since the economic crisis, relatively stable gold prices made selling scrap gold a large business field. The materials below are aimed to help you in getting the best deal for your scrap precious metals without being ripped off.
WHY SELL SCRAP GOLD?
Well...the answer to that question is fairly simple, everyone wants some extra money for items which are no longer in fashion or simply broken. It is also nice to know that gold is fully recycleable, by this is meant that once extracted gold can be reused as many times as we want. Thus, the only not environment friendly stage is gold mining.
HOW MUCH WILL I GET?
Broadly speaking the ultimate offer will be dependent upon few factors such as current scrap gold price, carat of the item, and its weight. Many people do get dissapointed with the offer they get, so it is important if you know that you will be paid for gold content only. Consequently, especially in the case of rings, it is adviseable to detach all of the gemstones, diamonds, and other accompanying jewellery ornaments. It is also important if you choose right scrap gold buyer. As you will find many of them tend to pay about 20% less than the estimated value due to costs of melting down, recycling, crafting as well as simply postal charges. Some of the dealers offer pre-paid envelope services. We will give you a couple of addresses to those who we think are trustworthy and bear most of the costs without dropping down the prices offered to customers. Remember that before selling gold it is vital to estimate the value of gold by yourself to get the better idea of whether or not the cash offered by scrap gold dealer is a fair deal. Section below will help you to do so and provide you with basic units used in gold selling industry.
WHERE TO SELL GOLD IN?
There are three main ways of selling scrap gold. If you are in rush probably the quickest option is to go to your local jewellery shop, but be aware that it is not the greatest way of getting the best deal for your scrap metal. Local jewellers tend to pay less for precious metal items due to higher costs of running, thus if you can try to deal with online dealers. Scrap gold buyers online will usually offer you a fair deal but you must carefully select the one to deal with. Many of the offers talking about instant cash, best quotes and similar are far from reality and try to take advantage of people's inexperience and natural reluctance to claim for their right as it causes too much hassle. Always be assure that your package is insured and posted via reputable company such as Royal Mail. Optionally, it is worth to order trace the parcel service. What is more, however boring it sounds always bear in mind that terms and conditions govern the relationship between you and the company and usually will cover more the company than you so make sure you read entire document and clarify any doubts with the customer services (some of the dealers offer Live Chat Support and that can be a good indication of reliability).
GOLD COINS AND ANTIQUES
The topic is so extensive that it certainly requires more than a brief note. If you want to sell some gold coins we strongly recommend you refer to the Sell Gold Coins Advice Website for more detailed information. Nontheless, what we can generally suggest is that if you have some gold coin or antique to sell try to obtain expert advice and if possible approximate value of the item. You seriously do not want to find that gold plated wase you sold for 50£ was in fact made in XVIII Century for George III and is worth way more than Aston Martin you always have dreamt about.