Unlock The Value Of Your Broken and Mismatched Scrap Gold

Posted by admin on April 8th, 2009 filed in Gold in General

   Unlock The Value Of Your Scrap Gold

These days everyone has a value proposition. Whether it’s your local car dealer trying to sell you on that new car, or just your local baker showing his wares, everyone’s got something to say about value. Just like your car dealer, or your grocer, I also have a value proposition. With this one, however, it’s a proposition that will put money in your pocket instead of taking it away.

In most of our homes, we are sitting on a fortune in scrap gold. That broken wedding ring, those mismatched earrings, or the ring from your ex-boyfried that you never wear may all be of value to a scrap gold buyer. Buyers can be found online, or in your hometown, and they will pay real money for all of the gold that you no longer use.

In this article we take a look at the value of your scrap gold. Getting money for what you thought was junk isn’t difficult, it won’t take a lot of your time, and if you choose the right buyer you’ll have your money as soon as tomorrow.

Where Do I Find Scrap Gold?

Scrap gold often turns up where you least expect it. It isn’t just those broken jewelry items that have value. Anything made of gold can be turned into cash. As long as the items contain 9kt gold or better, a scrap gold buyer will see it as valuable.

Common places to find scrap gold include: your jewelry box, your junk drawer, or in your attic. Items you are looking for may range from gold bullion to the gold wire that was used in that old radio. There are literally hundreds of places that you can find scrap gold. Take your metal detector for a walk down the beach, for example, you’re likely to turn up lost chains, rings, bracelets, and more.

What Is My Scrap Gold Worth?

The prices of scrap gold does vary by market conditions, from dealer to dealer, and also by the purity of the gold itself (ie 24kt gold is worth more than 9kt). Some dealers pay more than others, and as a commodity gold is always going up and down. Since we are talking about value, however, let’s take a closer look at the value of scrap gold in today’s market conditions.

Here are three examples to give you an idea of the value that can be unlocked by cashing in on your scrap gold.

1. 18 carat men’s gold watch band from that broken rolex – 68 grams
At the current market rate, online dealers are buying 18kt gold for about $17.40/gram (8.70/gram). That one gold watch band is worth over $1184 / 592.

2. 22 carat ring – 8.5 grams
If you had 22kt gold in your scrap, it is currently being purchased at about $21.20/gram (10.60/gram). That ring is worth more than $194 / 97.

3. 9kt Pendant with diamond missing – 7 grams
On the lower end of the scale, 9kt gold is currently being bought around $8.80/gram (4.40/gram), making that pendant worth over $60 / 30.

When you start to add up the numbers, it becomes quite clear as to what the value of your scrap gold may be. In most homes we have more than just the three items listed. Add to the pile 5 mismatched gold earrings, another ring, and those 2 chains than you can’t seem to untangle and suddenly you have a fortune in scrap gold!

Whether you found three grams of scrap gold, in that one gold earring, or three kilos throughout your whole house, unlocking the value of your scrap gold is easy, and today’s value proposition is one that may just line your pockets for years to come!

By: Philip J Williams

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Gold-Traders is a leading purchaser of scrap gold and gold coins. Instant valuations are available via the online gold calculator and payments are usually issued within 24 hours.

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