Bussiness : Calculate the Value of Scrap Gold

If you have scrap gold , you can sell it, but for how much? Gold prices tend to increase when the economy is flat or there are worries about war or inflation. However, before you bring gold jewelry, dental fillings, teeth, nuggets, or bars to a scrap gold dealer's counter (or send it off by mail), you should know exactly what it's worth to be sure you are getting a fair price in exchange. Most scrap gold dealers keep the calculation a secret, but this article gives you all the information you need to figure out the value of your scrap gold for yourself. 1. Organize Your Gold by Karat Separating your gold by its karat weight will not only help you begin to assess its value, but it can point out items that are not even gold. Your first task is to learn how to tell if gold is real . a. Use a magnifying glass to decipher the karat number on each piece. If it is unreadable, you could choose to have the gold tested by a reputable dealer. There's also th...