sell-scrap-goldMore and more people are making the decision to sell scrap gold for a profit. Many times this is an infrequent transaction, occurring only 1 or 2 times per year. Other times it is on a more regular basis.

As of this writing, the value of gold continues to rise. So, there really is no better time to get rid of unwanted gold items. Broken necklaces and charms, post-divorce wedding rings and coins are just a few examples of things that are most often sold. Other items include cuff links, dental inlays and tiny remnants of “waste gold” found in computer components.

When this unwanted gold is melted down it is truly no different in purity or appearance than mined gold ingots. The cost of the re-melting process is less expensive than the initial mining process, which is beneficial to the economy.

New scrap gold dealers are opening their doors to the public on a continuous basis. They weigh your gold, test it for purity and give you a no cost appraisal. In the event you are unhappy with the appraisal amount, you are under no obligation to sell.

These dealers started their businesses by securing a storefront, purchasing the necessary equipment to weigh and test the gold and locating a refinery that is willing to purchase their scrap. With a bit of research and adequate start-up funds it is an opportunity available to almost anyone.

Another increasingly popular method of selling scrap gold is to host or attend a gold party. Unlike other home party plans in which guests purchase items from a catalog, gold party guests bring their scrap gold with them to sell.

Just like the dealers mentioned above, gold party representatives test and weigh unwanted gold items and offer guests the option of selling them on the spot. Think of it as a mobile dealership of sorts. These representatives all make a commission based on the total sales of that night’s party.

There’s absolutely no reason to keep broken gold jewelry or other items that you no longer use… especially when the price of gold is high. The smarter alternative is to sell scrap gold and use the money to purchase something you really want instead.