Best place to sell scrap gold

Jane Morris of Oxford, accompanied her sister as they shopped for the best deal on her scrap gold jewelry. “Previously, we had taken the scrap gold to a jeweler.” Morris said, “They did not weigh it in front of us. When we left there, we did not take their offer.”
After a few days, that decision paid off for them.
When Morris and her sister took the same gold jewelry to a hotel, where a licensed precious metals dealer had set up shop, they got an offer of twice as much for the same gold.

Check Different sources for the best price for your scrap gold. The online ones are not as good as a refiner, but a good starting point to get a price.

“They did explain everything perfectly to us,” she said. “So we were very pleased with the price we were able to sell the old gold for.”

The Third Golden Rule for selling gold is: do your homework on the company with whom you are dealing.

The final golden rule: Bartering is the way to go in the gold buyer’s market, so shop around for the best deal when selling your scrap gold.

Refining costs to make pure gold, the risk of a falling gold market and profit margin can add up to smaller payout for your gold.

On the other hand they are at the top of the ‘food chain’ therefore, precious metals refiners can give the highest price for your scrap gold and gold coins.

Gold Refiners can offer top prices for your old gold, simply because all scrap gold ends up at the refinery, before being made into gold coins or bullion.

Gold refiners will need to know the gold content of the piece you send to them, and once they have this they will be offer you a price for your gold. Unless you live near a gold refinery, you will probably have to post your gold to them, make sure its insured delivery!

Some precious metals refiners and jewelers measure gold in pennyweights. There are 20 pennyweights in a troy ounce of gold.

Other buyers use scales, which are set to grams. There are 31.1 grams in a troy ounce of gold.