Do you own any damaged or unused gold at home? Gold fillings, broken gold jewelry, dental gold, or gold extracted from an electronic appliance or gadget are some of the most common examples of scrap gold or junk gold. Are you interested to sell your scrap gold for the best market price? Now it's simple to turn scrap or junk gold into profit. To earn the best profit from these gold items, you must learn to compute your the pieces per gram first. This way you will have a clearer picture of how much you will be able to sell your items for.
Discover the value of gold scrap per gram by computing it using the current value of gold. The current value of this precious metal is usually available in several local papers and spreadsheets or any websites that tracks the global market of gold on a regular basis. Take note that the market price of gold is not constant and it changes everyday. So be watchful.
Find a gram scale to get the actual weight of your pieces. However, if you have lots of them to weigh, it will be best to measure each piece on a scale that precisely weighs ounces. Once you get the weight by ounces convert the figures to grams.
If you have a collection of scrap gold, sort it out and weight them accordingly. You need to separate each pieces by grades. Generally, it is described by their karat grade. For example, a gold piece is equivalent to 10k, 14k, or 18k. 24k is pure gold, don't expect to see a piece jewelry as 24 karats, as pure gold tends to be very supple. As a result, most jewelries are incorporating other types of metals and alloys to make the overall jewelries sturdy. Moreover, you can find the karat grade imprinted on the gold items. You may also use a magnifying glass if necessary. Be sure not to include any items that are gold-plated in your collection of scrap or junk gold.
The reason why people buy scrap gold is because they melt the gold to make other valuable pieces. Basically, the old scrap gold is melted and recycled. So if you are to sell your pieces as scrap, don't expect to see your items again. Just like in the movie "Serendipity" where the main actress believe in fate.
If you feel that computing for the value of gold is too hard for you, you may use an online calculator. Simply type in the actual weight of the precious metal and the karat grade if you know it. The online calculator can help compute the gold price per gram for you. Once you get the value of your scrap gold per gram, you can now sell your items to an online scrap dealer or a reputable coin dealer. The former however can give you a lower price for your pieces. So if you can find a coin dealer who wishes to buy your items, you can sell your items to them and they can offer you a much better price.
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