The term scrap gold is little understood, after all how any piece of gold be considered scrap or rubbish. Gold has a value regardless of whether it is intact or not.
The term scrap gold is usually used for old jewellery, which is broken or for gold that is destined to be recycled. In other words, any gold that is destined to be melted down and sold in ingot form.
Where to Sell Your Scrap Gold
There are several places that you can sell your scrap gold. If you feel more comfortable, you can simply go to your High Street jeweller or pawnbroker. Not all of them will buy gold, however, the majority will. If they do not themselves, buy gold they will very quickly direct you to somebody in the area that does.
However, the most convenient way to sell your scrap gold is to do so by post. Most Gold dealers have a website. All you need to do is to go online and carry out simple Google search to find them. Once you have found a broker that you like simply tell them how much gold you have to sell. Most have a simple online calculator that allows you to type in the weight of your scrap gold and find out how much they will pay you for it.
Shop around and try a few sites. By using their online calculators, you can find the broker that offers you the most money for your gold.
The best Place to Sell Scrap Gold
However, before you send your gold off is important to check the credentials of the company that you are dealing with. You will not be paid for your gold until it arrives with the dealer. This means that you need to be sure that the dealer you are sending it to is legitimate.
Look for scrap gold dealers that are well established. Search on-line for customer reviews. The best dealers also have physical shops that you can visit if you do not feel comfortable sending them your scrap gold via the post.
Bullion By Post who are based in the Birmingham jewellery quarter off a full scrap gold service. They are a legitimate; well established firm that pays great rates for gold.