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If you are trying to sell gold jewelry for cash and want to know how to get top dollar for your scrap gold, it’s important you understand how to use gold scrap calculator. Gold scrap calculator is going to provide you with an estimated amount of how much money you should expect to receive from gold scrap buyers. Once you figure out this amount, you can simply compare quotes from multiple places that are buying scrap gold and find the place that offers the highest pay outs.
The first step is separating your gold scrap pieces according to their karat values. Most common gold jewelry pieces run anywhere from 10K to 22K gold content. The higher the karat number, the more money you should expect to receive for your scrap gold. Sort your scrap gold to the best of your ability, and if you are unable to tell the karat value, you can take your pieces to your local jeweler who offers free gold estimates.
Once you have gathered your scrap gold pieces of the same karat values, you can use digital kitchen scales to weigh your gold. Use an online gold scrap calculator to multiply the weight figure by the offered scrap gold value amount. Please keep in mind that an average gold scrap calculator is going to give you an approximate amount due to the fact that most household digital scales are not as precise as the precious metals scales used by professional metals assayers.
Gold Price.org website offers a very good online gold scrap calculator you can use free of charge enabling you to enter today’s market price of gold and your own scrap gold weights based on their karat values to get an estimated gold scrap returns. It’s important to remember that you are likely to never recover your scrap gold’s full spot value due to refinery fees and charges. However, your estimate should be no lower than 85% of the total gold value based on the spot price of gold.
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