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What To Expect When Selling To Business That Buy Scrap Gold

In this day and age, there are plenty of ways for a person to make a little or a lot of extra money. However, selling gold might be one of the easiest and most lucrative ways of making an extra buck. Gold is arguably the most beloved and most valued kind of metal in the entire world. Currently, the value of an ounce of gold is around $1300. This insane price is one of the reasons so many establishments across the country are willing to Buy Scrap Gold.

Most people likely have a gold ring or necklace that they’ve had for a while. If this jewelry has run its course and is no longer of use to someone, then that person might want to consider selling it to a scrap dealer. These businesses are willing to pay handsomely for practically any kind of gold piece that they can get their hands on.

Before selling their scrap pieces, a person needs to understand how these dealers operate and what they’re looking for when making a purchase. For starters, the purity of a gold piece is very important to a jeweler. Not all gold is 100% pure. While pure gold is 24 karats, most gold pieces are nowhere near 100% pure. So, if a person approaches a dealer with a 10K gold piece, they shouldn’t expect to be offered top dollar.

In addition to the karats of a gold piece, an establishment that’s willing to Buy Scrap Gold will pay close attention to the weight of a piece as well. Scrap gold is normally measured in grams or ounces. These units of measurement are often used because very few people present sellers with pounds of gold.

Lastly, a seller shouldn’t expect to get 100% of the value of their pieces. Just because a person presents an ounce of gold doesn’t mean they’re getting $1300. Doing such a thing wouldn’t be worth the time for a buyer. Sellers can expect to receive only a fraction of what their gold is actually worth.

Visit Palisadejewelers.com for more information about buying and selling gold. Again, gold is a commodity that’s currently in very high demand. Buyers are willing to pay a fair price for scrap gold. These buyers will use a number of factors to determine their final offer. You can also follow them on Twitter for more updates.