The Best Way To Sell Your Scrap Gold
by Arina Smith Finance 14 August 2020
Gold is a precious commodity that many of us have, with it being such a popular metal for jewellery. However, what do you do when your gold jewellery is broken, or you have a piece that you no longer wear? The best solution to this question is to sell your gold and get cash for it quickly, and there are many ways that you can do this. Below are some of the easiest ways to sell your broken gold jewellery and get cash in your pocket, ready to spend.
Sell Your Gold To A Scrap Metal Dealer
If you have a scrap metal dealer nearby, then you can take down your broken and unwanted gold jewellery to them and ask them to give you a quote for what you have to offer. They will need to look at the purity of the gold and use the latest gold prices to work the value out. They will then deduct their fees which may include a processing fee to refine the gold and make you an offer. However, it is vital to know that there are other places which may give you a better price.
Sell To A Precious Metal Dealer
If you search the internet, you will also see that there are plenty of precious metal dealers that you can approach and find out what they will offer you for your gold. When you want to sell scrap gold, just as with a scrap metal dealer, they will work out the latest price, purity, deduct their fees and charges, and make you an offer for your gold. You may find that a dealer, who deals exclusively in precious metals, may be able to offer you a better price, so it is worth the time and effort to shop around to get the best price possible.
Sell To A Pawn Shop
Using a pawn shop to sell your gold is often the most convenient way for a lot of people, as there are so many pawn shops. If you have one in your local area, then take your gold down to them and let them appraise it so that they can make you an offer for it. However, as it is the most convenient place to sell your gold, you may find that they offer you the lowest price, so it may be somewhere that you only want to use if you are desperate and need the cash quickly.
Take Your Gold ToJewellers
If you have a jewellery store close to where you are living that makes their jewellery onsite, then this may also be a good place to sell your gold. They will need to have refining facilities onsite, and if they do, they may be able to make you a fair offer. Just as with the other companies, they will need to test and weigh the gold to ascertain its purity, and using the latest market prices, they can then make you an offer.
Make sure that you shop around and speak to a few different companies, as the price of gold may be the same, but their charges are not.