Gold Coins Directory

Archive for November 28th, 2009

The very first thing all of us think about is what is this scrap actually worth? In order, not to get disappointed it should be said straightaway that the ultimate offer is just for the gold content itself and not any other factors like craftsmanship, additional stones, other precious metals etc.  Bearing that in mind we should calculate the value of our scrap gold in few steps:

Firstly, we must determine the karat of particular item. In the case of jewellery that should not be too problematic as you can easily read it off from small lettering somewhere on your item. This depending on the content may look like that: 9k, 14k, 18k up to the purest value of 24k). In the case of coins you may want to seek dealer advice as the age, rarity etc. may increase the value and that is what you will not get paid for anywhere else. Weight your item using gram scale. However, notice that some of the buyers may use pennyweights instead of grams. Get the value of your gold based upon current gold price by using one of the online calculators (such as this one here: http://www.cashforyourgold.co.uk). You can also try to valuate the gold yourself (a useful guide can be found here: http://www.wikihow.com/Calculate-the-Value-of-Scrap-Gold).

However, boring it may seem you should also always go through the terms and conditions of the actual buyer’s website checking whether the item is insured or should you do it yourself, payment methods and actual times, how long the verification and valuation process will take etc.