Piles of Gold: How to Separate Gold Items Before Selling or Scrapping Them

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Gold can be a great resource if you need extra cash. There are a lot of buyers that you can sell gold to, but first you will want to know what you have. Different karat weights, materials, and plating can make different pieces have different values. Most buyers do not even want plated materials, and things like white gold and alloys can get you more than you may think. Here are some tips to help you with separating your gold before you take it to a gold buyer.

1. Separating Non-Jewelry Items to Sell the Gold in Them

Separating gold items can be a fun task, but the items may not all be jewelry. There are some other places that you may get gold from, such as a prospecting hobby or old electronics. These are items that you will want to separate from your other gold. Sometimes, a dealer may not want raw gold, and you may need to take your items to a gold buyer that deals with raw materials and recycled gold metals. Many buyers will happily buy pure gold from these resources, especially at the high prices that gold is getting today.

2. Making Piles According to Purity

The purity of your gold is also important if you plan on selling it. Generally, 24-karat gold will be the purest and can get you the highest dollar amounts. Sixteen karats and below will be worth a lot less. This is why you will want separate jewelry and other items that are clearly marked. Keep bags of the 18- and 24-karat items and another with less gold of fewer than 16 karats. This will help ensure you get the best price for the purest gold that you have. In addition, remove any plated items and other non-gold pieces that you may have mixed in.

3. Coins, Alloys, and Gold Objects That Can Be Valuable to Collectors

Coins and other items can also be valuable gold that you may want to sell. This material can be a good resource for gold. You will want to save the material and alloys that may contain gold. Materials like white gold can be valuable, as can platinum, which has a silver color and is more valuable than gold.

These are some tips that can help you in getting the most for your gold by separating it properly before you take it to sell. Saving your gold may be a better idea. You may also want to contact a financial adviser to talk with them about secure investments in gold. 


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