Scrap Gold - Successful Selling Tips

You can turn your unwanted, or broken scrap gold into cash by selling it. It is amazing to see how many people keep items that could bring them a healthy profit but they just keep them in a drawer or in their attic. It doesn't take much effort to convert these items into cash. These tips will help you make it easier to sell your items.

When you sell scrap gold or any other item, there are several things to keep in mind. These factors will ensure you get the best Scrap Gold Prices for your precious metal and protect you against less-reputable companies.

It is worth listing your gold item on an auction site or selling it through a jeweller or antique shop if it is easily sellable. Selling it "as-is" will net you a greater profit. If the item is damaged or broken in any way that would make it uneconomical to repair, you should not consider selling your gold scrap.

There are many companies that will buy your item if you are willing to sell it as scrap gold. Your high street jeweller should give you a quote as a guide. You'll be able to confirm the purity and weight of your gold by doing this. You should also take note of the price per gram being offered. Now you can use this information to search Google for scrap gold buyers. The first thing you will notice is the amount of money that online dealers are willing and able to offer. Extreme cases can see it as high as twice what the jeweller quoted. You'll often see that putting in more effort at this stage can result in a higher long-term profit.

It is important to take any valuable items out of your gold items when sending them to the company for a quote. For example, if you are sending in a ring, it is a good idea to remove any precious stones from the item. These stones could also have a value. If you are unable to do so, make sure you tell the company that you would like a separate estimate for the stone's value. It is not worth giving away anything that you can make extra money on.

As with all transactions, it is a good idea to keep a copy of any forms or documents that you send to the company. Use insured or recorded delivery to ensure that the parcel is signed for. This allows you to track your parcel and also proves that the company has received it.

It's also a good idea to take photographs of everything you send. Keep all emails. If you make phone calls to the company that bought your scrap gold, be sure to keep a record of the date and time as well as the name of the person you spoke to. Although this may seem excessive, it is important to ensure that you have the best protection possible. This is especially important if you sell a lot of gold.

Due to changes in the global market for gold, the price of scrap metal can fluctuate slightly from day to day. If you are selling your gold online, make sure that the company guarantees the price for a set period. You'll be protected against sudden market drops by doing this.

These simple tips will help you sell unwanted scrap gold at a healthy profit. It's so easy to make money from scrap gold that you have in your cupboards.