Get Scrap Gold From More Than Just Old Jewelry
When it came to prosperity of a nation, there was a time in our history where nations would try and conquer one another for gold
. The gold statues and artifacts that they get would then be melted and used to make their own jewelry and figurines.
This cycle still exists today. As a matter of fact, the market for buying and selling scrap gold has been booming in recent years, and the activity is increasing as gold sets new record highs. There is a high demand with high gold prices.
Selling scrap gold is in demand primarily because actually mining gold ore is much more expensive compared to scrap gold recovery for individuals or companies who are into manufacturing jewelry. Many jewelry manufacturers are paying great scrap gold prices just to lower their expenses in mining gold, which is why the business of buying and selling scrap gold can easily be very profitable.
You can start by looking for any gold jewelry that you have lying around the house that is no longer being used or is no longer wanted. For women, you can look for gold earrings that no longer have pairs and therefore, can no longer be used.
Broken gold charms and damaged gold figurines or artifacts can also work. Don't pass up your gidgets and gadgets! Besides old jewelry and old figurines, scrap gold can also be recovered from a wide range of electronic gadgets and appliances.
Because of golds great conductivity of electricity and due to the escalating market for appliances, old electric items have become important sources of precious metals that can be reprocessed and reused. Waste gold can be retrieved from the components of various telecommunications and computer equipment, such as printed circuit boards, microchips and printers.
Although the amount of scrap gold in these computer items is quite small, if the gold is recovered from a large number of machines and equipment, the total amount will definitely be significant. Scrap gold recovery from them can easily be refined to make new and valuable jewelry or can be used for investment purposes.
Forget the tooth fair, another good source of scrap gold and metal can be old dental gold fillings, inlays, bridges and crowns. You can try selling these instead of just leaving them behind at your dentist's office.
After all, you have undoubtedly spent a considerable amount of money purchasing them in the first place. Before you sell scrap gold, you just have to remember that you understand its value so that you would have a good idea of its what you can get for it prior to contacting scrap gold buyers.
To help you out, you can also make use of a scrap gold calculator that can be found at different websites on the Internet. Most scrap gold items, such as jewelry, have the karat fineness inscribed somewhere on the item, although you made need a magnifying glass to see it.
Because many jewelry items are only gold-plated, you may need to have the jewelry tested by a reputable dealer using a chemical test. Of course, for gold coins, you don't want to sell these as scrap as they are much more valuable than just their gold content. For each karat fineness of gold scrap, weigh your gold to determine the gram weight.
Go to the Internet to find the current market price for gold by the troy ounce (a troy ounce equals 31.1 grams). Dived the current market price of gold by 31.1 to get the current price of gold per gram. You will need to determine the value of the gold per gram based on how pure the gold is.
by: Jack Landry
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