Tuesday, June 28, 2011

Where to sell scrap GOLD?

Where to sell scrap GOLD?
See more about gold and silver

If you want to sell your scrap gold quickly then you should probably try to sell to a local jeweller. Prices for this vary so the offer may not be that great so it’s best to check the gold prices before selling. Do you want an offer of £100 for a £1000 piece of jewellery?

Another way to sell your scrap gold quickly and to get a better price too is to use one of the online dealers. You need to take care with this one as well. You will be posting gold to someone you haven’t probably met and may not even be able to visit. Check them out first.

Always use recorded delivery, no matter who you think you are dealing with.

If you don't need to sell your scrap gold right away then you could always put it into an online auction like eBay. Online auctions always seem to realise a fair price, so long as you describe what you have accurately, including an accurate weight after extra fitments and stones have been removed.

How Much Will I Get for My Scrap Gold?

This is covered in a little more detail here but in general you will find that good dealers will offer you between 80% and 95% of the intrinsic value of the scrap gold. The dealers will have to melt it down and possibly rework it so 100% return on your scrap gold is unlikely.

An indication of the value of your scrap gold can be made by reading how to value your scrap gold.