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This is to help those who have gold and gold plate that boardsort won’t buy. (They don’t want your chain or locket).
Selling gold
I’m NOT talking about gold plate here, like pins and fingers.
Most high end jewellers will buy small amounts of karat gold.
Don’t try mall or pop-up stores though. They will look at you funny or out right laugh at you.
Reputable pawn shoppes will pay reasonable for gold scrap.
Many watch stores will buy gold above 8kt.
Coin dealers and antique shops are also good to look into, at times.
Now: for gold plate
We’re talking electroplating, not gold mil or rolled gold which are in the above category. Things like gold pins, which boardsort already usually pays higher than most for.
This stuff is costume jewellery and gold pins. Etc. The $20 gold coloured watch at the grocery store.
The current price is roughly half a cent to 2 cents per pennyweight
For reference, board sort pays 1.7-ish per pennyweight. Today.
For a melt value of three-ish cents.
Stay away from store-fronts that are only gold buyers alone.
by reliable gold buyer, one that will pay you 85% or more for scrap value of the alloy.
Check out dendritics’ free calculator and set the markdown to 85% of the alloy rate you have after testing.
If they offer less they are ripping you off.
85-92 is the average overhead of a reputable gold buyer.
80-85 is the average first offer; try to barter.
Below that, walk.
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