What is Your Scrap Gold Jewellery Worth?
Scrap gold is actually an alloy mixed with gold which allows it be used in jewellery making. When looking to sell your scrap gold jewellery, you are only interested in the amount of gold contained within it.
Follow these simple steps...
- Sort your valuable jewellery from any scrap gold. Look carefully for gold purity markings such as 9k or 18k (meaning 9 or 18 carat gold). They can usually be found stamped on the inside of a ring, on the back of a necklace or inside a bracelet.
- Also look for any marker by the original designer. For example, Tiffany & Co., Cartier, or Bulgari. Decide which jewellery is valuable as is, or better used as scrap gold.
- Put your gold scrap into different piles based on their carat (e.g. put all the gold marked with 18k together). Use a digital scale to weigh your jewellery and record the grams. To convert to ounces, divide by 31.1
- 18 carat gold contains 75% pure gold. Multiply the weight of your gold by 0.75 to determine how much gold you actually have to sell as scrap. 9 carat contains 37.5% gold by weight.
- Find out the spot price of gold for the day by visiting GoldPrice.Org. Multiply your weight by the current price to estimate the value or your scrap gold jewellery.
To get the best price, sell direct to your local gold refinery. PMT are able to offer between 96-98% of the World Price for your scrap (depending on the quantity). Enquire Now.