It is also known as scrap gold. You should find an honest buyer for gold within your area. This allows the buyer to take home a fair portion of the investment gold. First, you must learn how to find a reliable gold buyer prior to selling your scrap gold.
This video depicts an interaction between sellers and buyers of gold. Through the exchange, it’s apparent that everything is dealt with respect and fully legal. He is not hiding the gold appraisal process and pays what is the current market value for gold.
Buyer conducts tests on gold using various techniques. The buyer looks for markings on the jewelry to determine the amount of metal that is present in the jewelry. Also, he utilizes gold testing equipment to distinguish between different quality levels of gold. He then can calculate a reasonable value for each item of jewelry that he purchases.
Request a quote from your buyer if you don’t receive the same level of honesty and transparency as you’d want.