Yes, scrap gold holds real value based on its purity and weight.
Buyers calculate offers using the current market price of gold, then adjust based on the karat level of each piece. They then sell to refiners who melt down scrap gold to extract pure metal, which they resell to manufacturers for new jewelry, electronics, and other products.
The karat stamp determines how much pure gold an item contains:
- 10K gold contains 41.7% pure gold
- 14K gold contains 58.3% pure gold
- 18K gold contains 75% pure gold
- 24K gold contains 99.9% pure gold
Higher karat pieces yield better returns because they contain more actual gold. For example, a 10-gram 18K bracelet is worth more than a 10-gram 10K bracelet of the same weight. Buyers typically pay a percentage of the melt value to cover refining and overhead costs.
Scrap gold refers to any gold item valued for its metal content rather than its appearance or function.
These pieces are typically broken, damaged, or unwanted, and buyers purchase them to melt down and refine. The condition doesn’t matter; only the amount of actual gold it contains.
Here are some common examples of scrap gold:
- Broken or tangled jewelry chains
- Mismatched earrings or damaged bracelets
- Old class rings or outdated gold pieces
- Dental crowns, fillings, and bridgework
- Gold components from electronics
- Worn coins or bars that have lost collector value
No comments:
Post a Comment