That metal scraps stored in your attic can be worth of dollars if you didn’t already know. Old metal particularly those associated with gold can be turned into instant cash if you know exactly where to dispose them off. Many people have become rich by selling scraps that seemed valueless. For example, you can get cash for gold by posting your scrap metals to an authentic precious metal dealer. Today, gold price is twice as high as it has ever been compared to some years back. Therefore, collect all that seemingly useless metal and gold scraps in your attic and then send them for authentication and watch your money grow.
Getting started
After having accrued gold jewelry for many years that is from necklaces, earrings, classy rings and the likes, some of them end up being broken or disused after much use. The time comes when you need to dispose them of. Before disposing of however, you will need to find the correct carat of all your precious scrap metals. As it is, so as to get a fair price in exchange for your old gold scraps, it is important to know how much your precious metal is worth before shipping it to a gold buying company or taking it to a dealer’s shop.
Calculating the gold value
Not all metal scraps are precious and therefore, you need to separate real gold from what is not. You need to know how to identify real gold. It could be a great loss if a dealer fooled you that your gold scrap is not real gold and yet it end up bringing millions of dollars to him when he sells it. It is very important you know how to tell apart real from fake gold so as to avoid being scammed by unscrupulous dealers.
There are certain signs that can greatly assist you to know the purity of the gold that is in your possession. For instance, use a magnifying glass to check if the piece of gold you have has a stamp on it. Fineness is normally indicated by an official marking on it. However, the marking on a piece that has survived through the years may wear off. Gold pieces that are real have authentic verifiable manufacturer’s markings. Testing is vital so as to verify its authenticity before shipping it to a dealer.
Discoloration patterns on the gold piece can be used to tell if the gold is real or counterfeit. Emphasize on the areas on the gold piece that faces frequent friction like around the edges. It you notice that the gold piece is worn off and shows a varying metal beneath, then what you are holding in your hands is not real gold. This is information is helpful both when selling your gold scraps as well as when buying old gold ornaments.