In order for us to buy scrap gold, there must be another party who is selling it. Although this website is essentially about buying scrap, it's not a bad idea to give some insight in the other position. After all, being a dealer, whether amateur or professional, you may every now and then find yourself with a bit too much of the good stuf at hand. So: are you looking for ways through which you can make some extra money? Have you considered selling scrap gold?

 

Gold is an all time favorite investment for many, as money invested in gold is always a wise investment. You can make a great profit selling gold and you don’t have to own bars of 24 karat gold to make profit. Most of us already have gold in various forms called scrap gold. It can be anything from old jewelry that is broken, cluster rings, gold bullion, gold wire, gold dental crowns, etc. When you want to sell gold as scrap metal you don’t have to worry about the condition of the gold you are selling because the gold that you are selling is not going to be used as it is; it will be recycled before it is used. However, the value of the scrap gold that you are selling depends on its purity which is measured in terms of karat.

 

 

It is obviously to make some extra money from things that gather dust and lie hidden in the chest. Some of the damaged gold articles including old gold jewelry may take a lot of money to be restored to its original condition and hence it is not economical. It would rather be more profitable to sell off those damaged items as scrap gold. When you sell your scrap gold the scrap gold dealer makes a small margin on the value of the gold. However, since the value of gold is constantly increasing, you will certainly be making a great profit if you are selling your damaged articles or jewelries that are a few years old, as the cost would have increased since the time you bought those items. It is not only your gold jewelry and coins that can be sold as scrap gold, you can also extract gold by recycling your computer mother boards, circuit boards of some of the electronic items, damaged cell phones, all forms of gold plated products, etc.

 

Normally, scrap gold is valued based on the current gold price. However, the calculations will be based on the weight of the scrap gold that you are sending to the dealer’s counter and not based on the value of the item at its retail price. You may have to bear a small handling fee depending on the nature of the items that you are selling and its quantity.

 

It is always a good idea to calculate the value approximately before you send them across so that you will be comfortable when your scrap gold is valued by the dealer. Most sellers feel that their scrap gold is valued less by the dealer. You can save yourself from that anxiety by making a rough assessment from your end before you send the gold to the dealer’s counter. When you assess your scrap gold you should know the purity scale of the gold items in terms of karats and only based on that you can assess your scrap gold. When you sell your scrap gold that is 22 karats you will get more money than selling 14 karat gold.

 

Buying and selling scrap gold is a very profitable business and by using a reliable service like American Scrap Treasures AKA ScrapTreasure.com you can make a lot of money in this business.