A Guide to Selling Your Scrap Gold ProfitablyBy the term scrap gold we usually mean that the gold contained within wristwatches, broken necklaces, bracelets etc. The weight of gold contained within various products differs from one product to another. Even though the 24-karat gold is considered as pure gold, you would not see any jewelry items contain 24-karat gold since pure gold is pretty soft and unable to form different jewelry shapes. This is why alloy is mixed with pure gold to make it strong, tough and suitable for making jewelry.

Although scrap gold is present in different products in fractions, that’s still gold and thus very expensive. If you are going to sell scrap gold, there are many buyers out there, who can make you a fool and take your gold at unexpectedly low rates. Here are a few useful suggestions to help you earn good profits even when you are sell your scrap jewelry products.

The first thing you need to take care of is how much your scrap gold should cost. For this, you can go to any branded jewelry store and ask for getting your gold appraised. Do not forget to take an original stamped appraisal quote from that dealer. There are tons of online stores that are providing affordable or even free appraisal services for your scrap jewelry products. Only, you would have to create an account on their sites for receiving the quote. By visiting their pages you can have an idea about how you should represent your product to get the most profit.

On the other hand, you can go to a couple of reputable stores and compare the prices for your product. You will likely get to see each of the prices differ from the other by some margin. From those prices and the current market price you can know how exactly your scrap gold should cost. Take that price as the base price and never sell the product below that price.

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