Gold For Profit - How To Buy Scrap

To look for hallmarks or signs of "wear-through" where base metal shows under gold plating. 3. Where to Source Scrap

Faster than a refiner but they take a bigger cut, usually paying you 80%–85% of the melt value. 5. Common Pitfalls to Avoid how to buy scrap gold for profit

Once you’ve accumulated enough, you have two main exit strategies: To look for hallmarks or signs of "wear-through"

These have very little gold and are generally not worth buying for scrap profit unless you have massive quantities. Refiners melt the metal down and typically pay

This is the most profitable route. Refiners melt the metal down and typically pay 90%–98% of the melt value. They usually require a minimum weight (e.g., 2–5 ounces) to do business.

Before buying anything, you must know the —the current market price for 24k (pure) gold. Since scrap is rarely 24k, use this formula to find the value of a piece: