Selling scrap gold is an easy way to make some extra cash, especially right now because the price of gold is steadily rising. It should not be difficult to find a buyer, whether it is through an online auction, local jeweler, or dealer transaction through the mail. The real issue is where to find the scrap gold to sell to these individuals.
Gold jewelry is one of the most common sources of scrap gold. If there are broken chains, rings, or necklaces in the home, gather them together. Bracelets and chains that are too twisted or bent to untangle are also fair game. Gold earrings that have lost their mates may never find a new partner so throw them in the bag. Even gold watches and dental work can be sold as scrap gold. Do not leave out something just because you think you will not get much money for it. Take it to the jeweler and find out before deciding not to include it.
People who buy gold coins and no longer have a place to store them can sell these items as scrap gold. If the value of the coins has not been researched, do that immediately in order to avoid being fleeced by the purchaser. Some coins are very rare and worth a lot of money so it is important that they not be frivolously discarded.
Yard sales feature a wide variety of items for sale, gold pieces included. Shoppers can often find gold jewelry, coins, and even flatware, at rock-bottom prices. Remember, yard sale price tags are always negotiable, so do not be afraid to do some haggling. If no gold can be found there, purchase a metal detector and go look for it at the beach or park. Once the warm weather has passed, these places are often hiding a treasure trove of gold.
If the scrap gold will be shipped to a dealer in the mail, first have it priced by a local jeweler. Get the price in writing and hold onto the document. If the dealer does not offer the desired price, it may be possible to get more money by being able to prove how much the piece is worth. It is important to never to be cheated when it comes to selling scrap gold.
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