What is the Going Rate to Give for 14ky Scrap Gold?

by Virginia
(Wisconsin)

With gold at 1000 an oz what should I be giving to my customers for their scrap gold per gram?

Answer:

How Much to Pay for Scrap Gold

© by Rena Klingenberg; all rights reserved

I don't buy scrap gold myself, so I don't have any personal experience to use as a guideline.

But here's how some other businesses determine what they pay for scrap gold:

Monsterslayer's Scrap Metal Rates

Rio Grande - According to their Gems & Findings Catalog: "The percentage of market we pay for scrap may fluctuate.... We normally offer credit for scrap gold at 75% of market value or, if you prefer, a cash payment at 65% of market value."

Also, you can use these handy charts to keep up with the most current gold market price and silver market price.

Finally, here are two stories related to people turning in gold for cash, which you may find interesting:

How Do You Sell a Used Wedding Ring or Other Manufactured Jewelry?

Not All That Glitters