Get The Best Price For Your Scrap Gold

The price of gold goes up when the demand for it is high. You would be surprised to know how many different items and trinkets can be sold as scrap gold. Things that can be sold for gold scrap are 14k gold ring, placer gold, dental fillings, gold jewelry, watchbands, gold plating and gold plated electronic scrap.

While 14k gold scrap can fetch you good prices, there are many other scrap options available and a search for Internet gold scrap companies will give you an idea of the scrap gold price and abundance of gold materials that you can sell for scrap.

First, you'll have to find scrap gold buyers who will buy scrap gold from you. Make sure they are a reputable company and have been around for awhile. First off, you should divide and categorize your gold scrap by the type of material it is and how much each item weighs.

This way, your items will be processed faster and in return, you will get paid faster. Make sure that your name, return address and phone number are included within the contents of the packaging. Put all of your items in individual heavy duty plastic bags. Make sure that all the contents are sealed well and it is recommended that you wrap your contents twice so that all content are secure.

For gold shavings and filings, using a large mouth plastic bottle is the best way to secure the contents. Once all bags are wrapped, place all of your contents (along with the written quantities and categories) in a large sturdy container.

Once your container arrives, the receivers will test your jewelry and gold scrap using an individual acid test. However, sometimes you will be compensated for items "as-is". Usually, people are mailed a check after the shipment is received or the next business day.

If you have gold fillings, shavings, or small scrap, it might take longer to get compensated as the company will have to melt down the pieces in order to perform an acid test to determine the karat. There are many gold items that you can sell as scrap that you don't even know about. There is also scrap that can be found in old machines and computers.

Gold plated connectors and wires can be melted down and refined into new necklaces. The point is not to underestimate the amount of money that you can receive for scrap gold. The general rule is that if any item contains any amount of gold, even minuscule amounts, you should gather up all of these pieces and ship it to the company for scrap.

People sometimes are confused and do not realize the smelting process and how the companies that buy the gold scrap are making profit from your "junk." One of the best ways to make money in a troubled economy is to sell scrap gold. As a matter of fact, many individuals have started buying and selling scrap gold because of the amount of money that they can make.

There are numerous places where you can sell scrap gold online and through local retailers. However, before looking for those places to sell scarp gold jewelry and other items, you need to do several things first.

Once you have your scrap gold pieces, the next thing you need to do before selling scrap gold will be to classify the pieces according to their karat fineness. You can get their karat fineness through reading what has been inscribed on them, probably by looking through a magnifying glass.

However, if you cannot see any inscriptions, you can have the pieces tested by an experienced and reputable dealer. You will also need to determine their weight and their value based on the market price for gold.

After getting the karat fitness, weight and approximate value of your pieces, you can then start to look for places where you can market your scrap gold. Make sure, though, that you are knowledgeable on how to sell scrap gold based upon on its karat, fineness and weight valuation so that you can negotiate on the price you will receive.

Also, make sure that the company is reputable enough has received excellent reviews from their previous customers. You may also want to search for online resources on how to sell scrap gold and where to sell scrap gold.

There are many helpful websites that offer all kinds of information on what steps you need to do and what things you need to remember when you sell your scrap gold. You can also participate in related forums and ask questions like: where can I sell scrap gold and how I can sell my scrap gold.