Selling Scrap Gold

When I think of selling scrap gold I tend to think of the process of dismantling electronic devices and printed circuit boards to retrieve the gold hidden away inside, or perhaps removing gold plating.

For the most part this sort of precious metal recovery is performed by specialist companies that deal in high volumes of commercial waste and is not generally available to the man on the street.

However if your idea of selling scrap gold is broken jewellery, odd earrings, dental fittings and even gold teeth then there are many options available to you.

There appear to be more and more companies every day fighting over your unwanted trinkets and theoretically this ought to be good for the seller.

With the recent increase in the gold price the airwaves are becoming cluttered with TV commercials for companies endorsed by has-been celebrities, all assuring you that they are the most trustworthy and offer the highest prices.

Before deciding to request a gold pack from one of these companies, the smart thing to do is to work out for yourself what your gold is worth. This is a very simple process outlined in our guide – How to tell what your gold is worth. A number of companies will wait until you have sent them your gold before telling you how much they are willing to pay – If you know in advance what your stuff is worth it makes the process of haggling much easier.

If you don’t like haggling your best bet would probably be to avoid the companies that don’t list their gold prices on their websites as they almost always pay the least.

Remember that you also have the option of getting a valuation from a local jeweller or pawnbroker – It’s a lot less stressful than trusting your valuables with an unknown entity, and in a lot of cases they will pay more than the internet firms too.