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Top Tips for Selling Scrap Gold

Submitted by Gareth on Wednesday Jun 22, 2011 and viewed 122 times
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You can sell scrap gold easily online. There are many specialist gold companies offering fair prices for scrap gold and this is a good way to sell items and make some money.
You can sell scrap gold easily online.  There are many specialist gold companies offering fair prices for scrap gold and this is a good way to sell items and make some money.  How to Identify Scrap Gold  You need to know the carat of your gold to work out the value.  The different carats all have their own gold prices per ounce or gram.  To find out the carat you can look out for identifying hallmarks or take the items to a jeweller for an evaluation.  You can also carry out some basic tests at home:  One quick way to tell gold from ‘gold effect’ jewellery is to weigh it.  Gold is a lot heavier than other metals so a standard 9ct ring (4mm) should weigh around 1 to 2 grams.  If it is lighter than this it could be another metal with a ‘gold effect’ finish or a lower carat.  You could also try dropping the gold item into water.  Gold is heavy so it should sink immediately.  If it floats then it is unlikely it has any gold content at all and is just gold effect jewellery.  Gold is a soft metal so another way to test your jewellery is to gently prick it with a pin.  Pure gold is malleable so you should be able to make a small mark with just a little pressure. If not then it is most likely an alloy or a low carat item.  Gold alloy jewellery is often combined with a magnetic metal.  This means you can hold gold items against a magnetic so see if they attract each other.  If they do then most likely you have a lower carat gold alloy piece.  If you are careful you could try a more comprehensive nitric acid test.  Take your scrap gold and make a small and inconspicuous scratch in the metal.  Apply a little nitric acid to the scratch with a wooden tooth pick.  If there is no reaction then the item is pure gold.  However if the metal changes colour in contact with the acid then it is either an alloy or gold plate over a base metal.  Make sure you wear gloves and eye protection when using nitric acid.
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You can sell scrap gold quickly and easily online. Make sure you have researched prices and identified the quality of the gold to get the best prices.
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