Scrap gold is anything that has gold in it. This includes bent or broken jewelry, bracelets or chains that are inextricably tangled, broken and unwanted gold scrap, casting gold and grain, cluster rings, gold alloys, gold bracelets, gold bullion, gold chain, gold class rings, gold coins and bars, gold dental crowns and bridgework, old gold watches, and placer gold. The list could go on but these are some of the examples of scrap gold material.

Selling Scrap Gold

When selling scrap gold, the condition of the item is immaterial. As long as there’s gold to be recovered, then it’s the ideal candidate for scrapping. More often than not, it is not practical to repair items such as broken or mismatched gold jewelries, so it is best that they be sold as scrap. The trick though, is that you will not be able to get the face value of the items, but only the gold value which is quite lesser.

How to Sell Scrap Gold

The good news is, there are plenty of scrap gold buyers who will jump over each other to get your gold. Here are some of the ways to sell your scrap gold:

   1. Local jewelers. If you are in a hurry, then you might check your local jeweler to assess your scrap gold. Usually though, the offer is not very good.
   2. Online gold dealers. You may also opt for giving your scrap gold to online dealers who provide you with special gold kits or envelopes for you to send your gold. Better prices are offered but extra caution is needed when doing online transactions.
   3. Auction scrap gold online. Auction sites like eBay can be a good place to sell your scrap gold online.