When you need extra cash and you have gold laying around your home that is broken, scrap, or you just do not want anymore you need to know where you can sell gold scraps for the most money you will be able to get for it.
You need to know what the pawn shops, jewelry stores, and online buyers will give you for all of your gold.
Let's start with what the pawn shops will pay you because this is a very popular option.
They will not pay you as much as you can get that is for sure.
You can get money from a pawn shop, but they are going to want to turn around and resell your items or send them away for a profit.
They will pay you about 25% of what they are worth if you are lucky.
When you sell gold scraps to a jewelry store you will usually get more than if you sell gold scraps to a pawn shop, but it will not be much more.
The jewelry stores have ways to fix broken jewelry or melt the gold down and resell it.
However, you will still only get about 35% of what your gold is worth.
The best option for the most money is to use online buyers because they have a lower overhead, which means they can pay more money for your gold.
They will melt it down, reform it, and sell it for a profit when they are ready to.
The online buyers will pay you about 50% to 60% of the value of your gold and this is a great way to get extra cash fast.