Where Can You Sell Scrap Gold & Silver?

Do you have jewellery you no longer need or use rarely? Maybe it is about time to consider selling them to make extra money. You have plenty of options when it comes to selling scrap gold and silver; all you need to do is know where to look.

Collectors

Some collectors will purchase or trade for the old scrap and silver you have. Items such as old watches, jewellery, medals, coins and other items still have value to certain people. You may not know about it, but the item you have may be more valuable than you think. Collectors may want your scrap items because they want to add it to their collection.

These items may be rare, no longer sold or are a piece of a bigger collection. Look for these collectors online or go to shows. They might be willing to pay more for your scrap items if you are unwilling to make a trade.

Jewellery Stores

Jewellery stores may pay good money for scrap gold and silver, as long as they are pure with few other metals and substances mixed with them. Old watches, rings, earrings and other pieces of jewellery with a high silver and gold content will fetch a high price.

If the watches or jewellery you sell contains other precious stones, they will have an even higher value.

Recyclers

Gold has a high resale value because it is malleable and recyclable. Recyclers melt gold jewellery to reform them into other products, making them valuable again. Even if your old jewellery has a low gold or silver content, a recycler is an ideal option as there might be jewellery stores unwilling to take your scrap silver or gold.

Online Shops

It is now easier to find someone willing to buy scrap gold and silver because of the prevalence of online stores. Several sites offer great deals on old watches, jewellery and other items made from precious materials. All you need to do is sift through the excess to find the right store willing to buy your items at the price you want. You might want to check out Colonial Acres when selling your scrap gold and silver.

Before You Sell

You need to know the weight and the metal content of the items you plan to sell to get an overall idea on how much they are worth. High gold or silver content will fetch you a higher price for the items you want to sell. If the items you sell have a high purity rating, they will also get you better value. Have your items appraised to give you a clear picture of their worth.