In recent years, the price of gold has reached heights that it has never seen before. If you’ve been holding on to items made of gold and you’ve heard about how valuable they have become, you’re probably interested in whether those items might be worth selling.
Just about any kind of gold could be worth getting appraised to assess its value. However, some items –such as those made purely of gold – are more straightforward for goldsmiths to strip, refine and repurpose, which may result in a quicker sale. If you’re wondering whether the gold you have will be easy to sell, you will want to check out these examples of the types of gold items that you can quickly make money selling:
It doesn’t matter where the coin was minted or whether it is old or new; if it is made of gold, you can sell it. Even gold coins that are manufactured in an uncirculated currency are worth their weight in gold, which could translate to hundreds of dollars, depending on how many you own.
Gold is made into bars, otherwise known as bullion, to allow resale to happen quickly. That’s because gold bars are almost always manufactured to meet a precise scale of weight and purity. With this guarantee, you won’t have to worry about knowing what your gold is worth or whether you’re getting a fair deal for the amount you’ve brought to sell.
While you’ve probably heard of gold bars and gold coins, dental scrap as a source of gold is less commonly known. That said, everyone knows that a tooth replacement can be made out of gold; this is because gold is in the family of noble metals, which means that it is highly resistant to corrosion and safe for your mouth.
Given that most dentists routinely do restoration work on patients that involves replacing prior components, these procedures often result in leftover scrap made of noble metals like gold, silver, platinum and palladium. Due to the value of these metals, dentists can sell dental scrap to companies that have the ability to strip and refine these materials for resale.
Unless you’ve made it a point to invest in gold in the past or have inherited such investments in the form of bullion or coins, the form of gold that you’re most likely to have to home already is jewelry. The most significant factors in determining the value of your gold jewelry will be weight and purity.
While the purity should be inscribed on the item, you can determine its weight by measuring it yourself with a reliable scale. Unlike gold coins and bullion, you won’t get as high a value for the gold in your jewelry because it will require a more extensive refining process to yield a pure product that is best suited for resale.
If you happen to need cash in a rush, one of the best ways to make money is to sell any items you own made of gold. If you’re a dentist, you might even already own gold in the form of dental scrap that can be refined for valuable resale. Talk to a dental scrap refining company to learn more.