Selling Scrap Gold?
Do you have some estate jewelry, Cartier watches or other luxury accessories that you do not want to keep? If so, you can make a little money by selling those pieces as scrap gold. And if you are not quite ready to part with your jewelry, Boca Raton Pawn also offers high dollar loans when you use the jewelry as collateral. You can even learn the worth of the items before you sell scrap gold.
First, gather up all of the gold items that you want to sell and them separate them out by karat weight. You might need a magnifying glass to be able to read the weight on the items. Remove any items that might not actually be gold but just gold plated or not gold at all. These items will not sell as scrap gold.
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Place each group of gold on a kitchen to jeweler’s scale to get the weight by karat group. This number is just for your personal reference so that you can determine if you are getting a fair price when selling it. in fact, the value amount you come up with might not match what you are offered when you sell scrap gold.
Look at the weight amounts you have for each group. If your scale weighs in ounces, you need to convert that amount to grams. For your conversion, one ounce will be the equivalent of 28.3495231 grams.
Once you have the weight in grams, determine the real-time worth of the collection by checking the current price of gold in the newspaper or on the web. When you get today’s price, divide that number by 31.1 to get the per-gram price.
Now that you have today’s price in grams, you can break it down based on karats. Do this by dividing the karat weight by 24 and then multiplying that number by today’s gram price. Then, take that amount and multiply it by the weight of gold you have to sell in that karat weight to get today’s value.
We buy gold in any condition… OR… we buy beautiful, high-end gold jewelry like this treasure. No gold is to big or small to bring in, the appraisal is free.
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Staff Writer. All staff writers are freelance Internet research bloggers.
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