How To Invest In Gold Now – Buying And Selling Gold, Coins, Bars, Shares, Mining, ETFs

Do you have scrap gold at home? Interested to sell your scrap gold for the greatest price? Dental gold, dented gold necklace, gold extracted from an electronic gadget and gold fillings are some example of junk gold or scrap gold. If you are keen, you can earn money from scrap gold. The first step is to calculate the scrap gold in grams. This way you will have a clearer picture of how much you will be able to sell your items for.

Find out the scrap gold prices per gram by computing it using the current value of gold. Information on the present worth of gold is available in local papers or websites that tracks the value of gold in the global market. Keep in mind that the worth of gold changes continuously. The standard measurement of gold is troy ounces or 31 grams.

Once you have determined the worht of scrap gold by gram, divide the value by 31.1035. After which, round off the value to the nearest cent. For example, if the present price of gold is $1500 per troy ounce, then the price per gram is equals to 1000, simply divide it by 31.1035, or $48.2260. Round it off to the nearest cent and you will get $48.23.

Find a gram scale to acquire the definite weigh of the scrap gold. But if you have a load of scrap gold to weigh, it will be best to use a scale that measure weight by ounces. As soon as you get the weight by ounces, just convert the figures to grams. Take note that 1 ounce of gold is equals to 28 grams of gold.

If you have a compilation of scrap gold items, file it out and weight them consequently. You need to separate each scrap gold items by grades. In general, gold is described by their karat grade. For example, a gold item is equals to 10k, 14k, or 18k. 24k is pure gold, don’t expect to see a gold piece jewelry as 24 karats, as pure gold tends to be very ductile. As a result, most gold jewelries are mixed with other types of metals and alloys to make it hard-wearing. You can find the karat grade etched on the gold items. You can also use a magnifying glass if necessary. Be sure not to include any items that are gold-plated in your collection of scrap or junk gold.

Use the following guide to compute for the gold price. For 10 karat gold, multiply the current price of gold per gram by .4167. For 14 karat gold, multiply the gold price per gram by .5833. For 18 karat gold, multiply the present price of gold per gram by .75 and lastly for 24 karat gold, just use the price of gold per gram.

Do not worry, there are online calculators that you can use if computing it yourself is exceedingly difficultr. Basically, provide them with the actual weigh of the gold and the karat grade if available. The online calculator can help compute the gold price per gram for you. Once you get the value of your scrap gold per gram, you can now peddle your items to an online scrap trader or a coin trader. The former on the other hand, can give you a lower price for your items. So if you can find a coin dealer who wishes to buy your items, you can sell your items to them and they can offer you a better price as compared to a scrap gold trader.

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