Here is a guide that should help you sell your scrap gold for a better price.

1. When you sell scrap gold you should first separate your gold by karat. If you have quite a bit of old scrap gold you should make seperate piles (if you have) of your 10k, 14k, 18k, 22k and 24k. Most jewellery in the US is 10k, 14k and 18k. Gold coins are usually but not always made with 22k or 24k gold. If you are not sure how to identify the Karat of your scrap gold take a look at our guide.

2. Know The Weight of Your Scrap Gold!. You should weigh each pile of gold on scales that weigh in grams, digital kitchen scales are usually accurate enough to do this at home although a jeweller should be using class 2 trade scales when they weigh your scrap gold. Make a note of the weight of each pile. You should take into account the fact jewellers and scrap gold buyers do not pay for unwanted stones that may be on your jewelry and most will estimate the weight of the stones and deduct it from the weight of your gold before they work out the price they will offer you. To sell your scrap gold for the best price we suggest you remove all stones prior to bringing your gold to any potential buyers. This way you will be selling your scrap gold by its exact weight rather than for a weight that has estimated deductions. Not many gold buyers will under estimate the weight of stones and this could lose you tens if not hundreds of dollars.

3. Shop around! Never just sell your scrap gold to the first company you come across no matter how the trustworthy man in a suit tells you they pay the 'best prices'. Get quotes from as many scrap gold buyers as you can.