Sell scrap gold online – Mail in your gold
- General information about scrap gold
- How much is scrap gold worth?
- Determining scrap gold value
- Scrap gold analyzing report
- Sell your scrap gold online
- Mail- in your gold by using the reDollar shipping kit
- Other ways to sell scrap gold
- Where does all the scrap gold come from?
- Shocking fact about scrap gold
- Scrap gold selling scam
SELL SCRAP GOLD NOW
SELL SCRAP GOLD NOW – USE CALCULATOR
For experienced sellers, we provide a scrap gold value calculator that allows a pre-calculation of the amount you’ll get paid. You will be positively surprised by our high purchase prices for your gold.
SELL SCRAP GOLD NOW – WITHOUT CALCULATOR
Don’t have time for a pre-calculation or know the karat and/or the weight of your gold? Don’t worry, get started now without using our calculator. There is absolutely no disadvantage in not using the gold calculator.
Scrap gold is widely spread in the US. Nearly every second household is in possession of some scrap gold. The definition of scrap gold is old or damaged gold that isn’t usable anymore. Scrap gold can be old (vintage) gold jewelry that is out of fashion or even damaged jewelry that is no longer repairable. Very often people underestimate the value of scrap gold because scrap gold often doesn’t look as appealing as new gold. But that’s a fatal mistake. Don’t underestimate the value of your scrap gold.
The material value of a 10 gram 18 karat scrap gold brooch is the same as for a brand-new 10 gram 18 karat gold brooch. Only the appearance is different. Gold has a quantifiable value that is determined daily on the global stock markets. Learn more about “how to calculate scrap gold prices” and find out why it’s so important to know the value of scrap gold before selling it.
If you know the purity of your scrap gold and the weight, use a gold calculator like ours to calculate the material value of your scrap gold. In most cases, gold is stamped with a hallmark, and this hallmark gives you more information about the gold’s purity. When you know your scrap gold is made of 10 karat gold, 14 karat gold, 18 karat gold, or even 24 karat gold, then just weigh your pieces and use our gold calculator to calculate a fair price for your scrap gold.
If you need further assistance with the value determination, please get in touch with our skilled jewelry experts or meet our appraisers for a free evaluation. It’s our pleasure to be there for all your needs.
How much is scrap gold worth if you want to sell?
Understanding the value of scrap gold is a solid foundation to a successful selling transaction and will help you avoid running into a gold buying scam. Performing a vague pre-estimation by yourself is helpful, and you can learn a lot about the value of gold in general. It’s simple and the equipment is easy to get. Basically, you need a digital scale ($5) and a good working magnifier ($2). You can get these items as a set in our reDollar eBay shop for $7 and we will fully refund you if you sell your scrap gold to us. You can also look around your home office and check if there is a digital scale and a loupe available. Found them? Great! You’re almost there. Now, check your gold with the magnifier or loupe for markings. Usually you can spot the markings/stamps easily. Spotting markings is only tricky if your scrap gold is very old, dirty, or worn out. Otherwise, you should be good to go.
Here is a list of markings/stamps you should be able to spot on your scrap gold:
|10K||includes 41.6% pure gold||low||$21.87||$34.02|
|14K||includes 58.5% pure gold||medium||$30.76||$47.83|
|18K||includes 75.0% pure gold||high||$39.44||$61.33|
|22K||includes 91.6% pure gold||high||$48.17||$74.90|
If you know your gold’s marking and weight, you are ready to calculate the current value of your gold. The values you can find in the list above are today’s values of your gold, automatically updated after every page load (try it – it’s fun to monitor the price developments). Now you know more about the value of your scrap gold and you are perfectly prepared to sell it and to compare selling options. As mentioned in our introduction, knowing the value is essential and prevents you from a gold buying scam. DEDUCT the weight for mounted stones, pearls and non-precious parts of your jewelry. Pliers can be helpful to remove the worthless parts. This is really important because a 5 gram gold ring with a mounted pearl reflects only 4.0/4.5 grams of gold or even less. Avoid a miscalculation and calculate carefully. We at reDollar.com want you to know EXACTLY how much your gold is worth because we know that we provide you with the highest prices available. If you understand the scrap value, you will also understand that working with reDollar.com is the most attractive option for selling gold.
Some scrap gold selling examples:
|Here you can see typical scrap gold, mailed in by an individual from Portland. This is an 18K gold chain and two 18K gold watch cases. In total, 12.91 pennyweights of premium graded gold.
Sold for $791.52
|Here you can also see a typical scrap gold lot from an individual, consisting of three rings, a brooch, and a necklace. This is what customers often sell: mismatched rings or jewelry they don’t like to wear anymore. Only the ring in the middle has a chance for resale; the rest has been classified as scrap gold. But nevertheless, we have a very nice value here: 7.04 pennyweights of 18K gold and 3.35 pennyweights of 14K gold.
Sold for $590.98
|Here you can see 14.47 pennyweights of 18K gold. The chains and the ring were damaged; only the gold cross arrived in good shape. But a machine-made cross like that has almost no chance to sell for selling for more than the material value.
Sold for $887.35
Determine your scrap gold value with our gold calculator
Our gold calculator was designed to provide access to all purchase prices for gold, silver, platinum, and palladium. It’s a cool web tool, that’s really fun to use, and if you have no pressure to sell your scrap gold, chasing the perfect purchase price can be thrilling. Just know the weight and purity and check our prices while you are on the go. Our gold calculator is mobile friendly and easy to use with iOS or Android. We know that people are more used to grams or pennyweights,depending on their location, the calculator can be used to weigh units in both grams and dwt. As you can see on our draft -calculator, we provide input fields for all important gold alloys. You can then see two different payout amounts. One amount shows the current purchase price if you sell your gold, while the other amount shows you the maximum possible loan amount if you have plans to pawn your gold.
Our gold calculator allows you to calculate the value of your scrap gold:
Get your reDollar scrap gold analyzing report
If you bring your change to a bank or any other place that is licensed to count money, you will get a receipt that shows exactly what you have deposited. You then know how many quarters, nickels, or dollars you have thrown into the counting machine. It’s the law and it makes sense. So is there a reason for not getting a detailed report on the gold you sell? No, there is no reason not to provide an analysis report unless you have something to hide. reDollar will always provide you with an easy-to-understand scrap gold report showing what you have delivered and how much money you’ll get paid. We not only differentiate between gold and silver, but we also list the types of gold and the current purchase price you will get paid if you agree. See our sample report to learn more. This scrap gold report was designed to fulfill a consumer’s expectation of a transparent selling transaction. We received many “thank you” emails regarding the process, so we are convinced that this is the only correct and reliable way to do scrap gold business. Lawyers, nonprofits, or estate trustees will value our report even more because it meets the demands of every record requirement.
This is a reDollar scrap gold report sample we provide for all selling transactions:
Give it a try: sell scrap gold online
Selling scrap gold online with reDollar is very lucrative, easy, and transparent. Besides the necessary professionalism and expertise, we offer the best quotes for your scrap gold. We are certain you won’t find any better place to sell scrap gold in the US. Give us a try and let us convince you with our accuracy. Make a deal with us and get your personal quote tomorrow just by getting started online right now. Bear in mind that there is no obligation to sell your scrap gold if you don’t feel comfortable with the offered deal. Trust our Top Dollar Guarantee and reclaim your scrap gold if you are not satisfied. Or do what nearly 100% of our customers do: decide to proceed and get paid in less than 24 hours. reDollar.com is by far the best place for selling scrap gold online. Look for scrap gold you tucked away many months or years ago and cash it out now. There is no reason to wait any longer to sell your scrap gold because our quotes are the highest in our industry and the current gold price is very high. That’s our promise to you. We never, ever ask our clients why they are selling gold, because there are thousands of reasons and we set a high value on discretion. Perhaps you are divorced and you’d like to get rid of some unwanted gold items, or maybe you inherited scrap gold. Whatever the reasons you’d like to sell scrap gold, get started right now and sell your scrap gold online with us.
Mail -in your gold
We have invented a great selling kit to make your online scrap gold sale more convenient. Mail -in your gold hassle-free. Our kit comes with a shipping label, a bubble envelope, a selling description, a confirmation sheet, and little pouches to sort your scrap gold.
Mail -in your gold by using a reDollar scrap gold selling kit:
Other ways to sell scrap gold
Trading with scrap gold and other precious metals is a delicate and responsible business, which is why we always strive to provide a great variety of information to our readers. This article is not only designed to persuade you to close a scrap gold deal with our company; it’s also written to inform you about all your available options. Besides reDollar and other online gold buyers, many options exist for selling scrap gold. We know that many people auction scrap gold or offer their gold at local flea markets. Some just sell gold locally or host an estate sale or garage sale. You can even trade it in with your local jeweler if you have serious plans to replace some old gold with new jewelry. There are always pros and cons, but what we know for sure is that unfortunately most buyers offer only a fraction of what your gold is really worth. We’ve created a summary of selling options showing your benefits and drawbacks. Plenty of ways to sell scrap gold are available in the US and we know that the selling decision isn’t easy to make. We know that the whole gold buying industry suffers from a bad reputation, and consumers are careful of where they bring their gold. This bad reputation and the poor selling options are the reasons why reDollar.com was founded. Our founders and experts did thorough research on the scrap gold market and found out that the US market is the biggest market for recycled gold. But it is also a market lacking options for turning gold back into money at good conditions. Do some research about our company and give us a try. We will not disappoint you – that’s a promise!
Where does all the scrap gold come from?
We are regularly asked where all the scrap gold comes from. Journalists and even students are contacting us to find out where all the gold comes from. We are always happy to share our knowledge with the public and provide you with interesting information.
SHOCKING FACT ABOUT SCRAP GOLD
It is sad but true that 2,500 divorces take place every day, totaling 876,000 a year. Let’s assume that two out of three couples crowned their marriage with a golden wedding ring.
An average wedding ring weighs approximately 5.5 grams and is mostly made of 14K gold.
876,000 x 2 (woman & man) x 5.5 grams = 9,636,000 grams of 14K gold = 21,243.74 pounds 21,243.74 pounds of 14K gold = 12,427.58 pounds of pure gold = $545560467.55
This is just one big source where scrap gold is coming from. If you think about additional sources, think about inheritances, medical merchandise like dental gold or screws needed for surgeries, out-of-fashion jewelry, or even coins. Scrap gold is already used gold that finds its way back into the recycling rounds. Less impact on Mother Earth is just one advantage of selling scrap gold. How cool is that? You can save the environment by selling your old gold.
Scrap gold selling scam
In this article, we have already highlighted the fact that the gold buying industry has a bad reputation. This is unfortunate but for good reason, because everywhere from New York to California, countless gold buying operations have been set up only to get your scrap gold for a bargain. As you may know, the bank always wins! Usually, gold buyers win too, and deals are not equal. Typically, a company is found to make money, and that’s OK, but when it comes to reliability and fairness, many entities fail. We have listed the most common scrap gold selling scams. Regularly we hear or read about “scale scams” when it comes to sell scrap gold. This scam takes place when a gold buyer is intentionally manipulating the scale. It’s as easy as 1-2-3 to show a reduced weight on a gold buyer’s scale. It only takes a 2 gram weight and a push of the “tare” button” to set the scale back to zero. If you now put a brooch weighing 10 grams, on a manipulated scale, the measured weight will display only 8 grams. Eight or ten grams make a huge difference! Don’t believe that this scam works? Check our photos: SCALE SCAM PHOTO. Here’s what we do to offer a transparent service: we open your scrap gold package under a video camera and record the entire opening process. That way, you can clearly see our scale set to zero. If the scale shows zero, no manipulation is possible anymore. We have nothing to hide, which is why we deliver the video to your inbox on the same day and shortly before you get our offer.
Other methods of common gold buying scams:
- Telling you the incorrect purity of your gold
- Asking you how much you want without making an offer first
- Badmouthing your property
- Intentionally keeping a “little something” from your offered selling lot
- Putting pressure on you to sell
ABOUT THE AUTHOR
This text, “Sell Scrap Gold” was published from Alan Jensen, reDollar expert for scrap gold and precious metals. Alan is the head of our reDollar laboratory and is responsible for scrap gold evaluations and our melting division. He is also an expert in determining counterfeit gold. You can also ask Alan a question if you want.