An Introduction to Colored Gold Jewelry – Solid Yellow Gold, Rose Gold, White Gold, etc.




This 14k solid gold pocket watch case demonstrates the color versatility of karat gold alloys.

Gold is yellow, right?  Well sure, pure gold is yellow.  So how can anything other than a yellow metal still be gold?  The answer lies in the karat purity of the gold and which other metals are used to create the specific gold alloy.  Depending on the amount of pure gold used in an alloy, along with the color profiles of the other metals used, a wide range of colored gold alloys can be obtained including white (silver), green, and pink (rose gold).

If it is “SOLID” Gold, then it IS gold… despite the color

One of the beautiful qualities of gold is that it is fairly easy to alloy (mix with) other metals.  Much like mixing different colored paints or clay, mixing different colors of metals together will result in an alloy with colors reflecting the metals that were mixed.  If a whiter/lighter colored gold alloy is desired, more silver or zinc is included in the mix.  If you want more of a red/pink/orange huge, then adding more copper is the answer.

The key here is that solid gold with a known karat purity will have a consistent gold content no matter which color it appears to be.  The gold content is the same, the difference is the OTHER metals mixed into the alloy.

So, for example, a 14 karat white gold necklace will contain a large amount of silver, especially when compared to something like a 14 karat ROSE gold pendant… which will contain much more copper than the necklace.  BUT, both the necklace and pendant are 14 karat solid gold… meaning they both have a 58.3% gold content.  The same percentage of gold is in each piece, but due to the “other metals” used, the resulting colors are vastly different.

Vastly different colors of gold are possible, to an extent…

Since colored gold is a combination of all the metals used in producing a gold alloy, it stands to reason that when less gold content is used (and more of other metals), it becomes easier to change the color of the gold and to do so more dramatically.

This is why you will see much more colored gold in the 10k-14k purity range than you will with jewelry and items that contain more pure gold.  Once you get to 18k solid gold (75% pure), it becomes very difficult to change gold’s natural yellow color, simply because 3/4th of the item is already pure gold and that’s tough to hide by adding only 25% of another metal.
On the other hand, 10k solid gold is only 41.7% pure, and the remaining 58.3% can consist of a variety of different metals, colors, and alloys, making it possible to not only change the color of gold, but also enhance some of the metals other properties such as durability and hardness.

So now you know that colored gold is indeed real gold (as long as it is “solid”), and that it is much easier to make colored gold using lower karat purities like 10 karat and 14 karat gold.  The final point of this article was just touched on, and that is…

Reasons for Colored Gold Jewelry

Besides the stunning beauty and appeal that comes with different colors of solid gold (especially some of the tri-colored pieces), other characteristics of the metal can be altered as well including the hardness and durability.

Pure gold by itself is too soft to make viable jewelry.  By adding other metals into the mix, we can change the color of gold, yes.  But we can also choose secondary metals with desirable qualities like durability and sheen.

By hand-picking the secondary metals, we can produce colored gold and gold with slightly varied properties and characteristics at the same time.

Just one more example of the versatility and inherent beauty of this amazing precious metal.




How to Find More Gold Jewelry – Don’t Discount “Junk” Jewelry




The title of this article is somewhat vague so let’s just get right to it. If you want to find more solid gold jewelry, always take a second look at the junk jewelry… specifically pendants and bracelet/necklace clasps.

Solid Gold Pendants

Funny enough, quite a few people will take a beautiful, solid gold pendant and put it on a really cheap (sometimes even junky) necklace. When browsing the local thrift stores for gold jewelry, more than once I’ve found nice gold pendants on cheap chains and necklaces. More than once! And each time I find one, I almost miss it! Why? I’m automatically filtering out the cheap/fake jewelry and never take much notice of the pendants (unless the necklace catches my eye first). Not many people do take notice of pendants on cheap necklaces (or charms on cheap charm bracelets for that matter). I think we automatically assume that junky pendants will be on junky necklaces.

Well, let’s stop assuming because if we do, we’re leaving gold behind! Next time you run across junk jewelry at a thrift store, yard sale, flea market, etc, make sure to check the pendants and charms even if they’re on cheap jewelry. If you make this a habit, I guarantee your solid gold finds will increase.

Clasps on Bracelets & Necklaces

Another way I increase the amount of solid gold I personally find every year is by making a point of checking the clasps on bracelets and necklaces. Make a special point of checking (real) pearl necklaces and bracelets as I’ve found countless 14k solid gold clasps with real pearls. Sure, the clasp doesn’t have much gold, but it is real gold, it is out there waiting to be found, and it is usually on the types of jewelry that you can buy for cheap.

Plus, most people miss this sort of thing… meaning that you’ll be able to find more gold because you’ve got the edge and know what to look for when everyone else leaves money on the table.


Note: To tell if the pearls are real or not, rub one across your teeth. Real pearls feel gritty like sandpaper while fake pearls feel slick and smooth like glass or plastic.




How to Find More Gold Jewelry at Garage Sales




Summer is my favorite time of year for many reasons, among them: Garage sales and estate sales are in full force and if you’re armed with a little knowledge and persistence, these sales offer amazing opportunities to make a lot of extra money finding gold jewelry.

Around here, garage sales are everywhere in the summer-time.  Many of these sales have jewelry, and a few always have “good” jewelry like sterling silver or solid gold items.  What’s more, the jewelry (good and junk) is usually priced at “garage sale prices”.  In other words… really, really cheap.

Not only can you find real gold and silver items at yard sales, you can get started making money right away with a laughably small amount of cash out of pocket.  If you’ve got transportation to get to the garage sales, you can make money on gold jewelry even if you’ve only got a couple bucks in your pocket.

Here’s a few tips to help you find more gold jewelry at garage sales

  1. Go Early – Let’s face it, nobody appreciates a doofus ringing your doorbell at 4:30 in the morning, so be respectful, but be ambitious as well.  Time and time again, I’ve seen 90% or more of the good deals at garage sales get snagged up and sold before the advertised starting time.  Some people don’t have patience for early-birds, but most do.  So if you drive by the sale a half hour or so early, chances are they’ll be setting up and won’t mind at all when people show up with cash wanting to buy stuff.
  2. Take Your Time – When garage sales have jewelry, it’s often found at or near the same place the hosts of the sale have set up to take money, make change, and “run” the sale.  As such, it can sometimes be difficult to take a good look at any jewelry for sale, especially if there are a lot of people at the sale.  We all miss stuff, sometimes good, valuable stuff.  So next time you’re at a crowded sale, a sale with TONS of jewelry, or in a hurry to get to the next sale, take a deep breath and focus on the task at hand.  After all, you don’t want to leave a nice chunk of 14k gold priced at a quarter behind…
  3. Ask – Simple as this sounds, it works!  Garage sales are a lot of work involving dozens or even hundreds of items.  Often, whoever is running the sale will forget to put some items out for sale or not have the time to do so.  Just as often, they have stuff they WILL sell, but hadn’t got as far as considering it for the garage sale.  If you don’t see any jewelry at a sale but it’s a good sale… ask if they have any jewelry.  If you’re at a sale with jewelry, ask if they have any more they want to sell.  It doesn’t hurt to ask and sometimes the rewards are plentiful.
  4. Be Persistent – It would be great if we could just hit one garage sale and get a bag full of scrap gold jewelry for a few dollars.  But that doesn’t usually happen and even the best gold jewelry finders have slumps where they don’t find anything good.  Especially when you’re first starting, it may seem discouraging, but don’t let that get to you.  The key to successful “urban treasure hunting” like this is to keep at it because you never know when or where the next gold item will be found.
  5. Shop the Unadvertised Sales – This is one of my favorite tips, and a time-tested way to increase the amount of gold jewelry found at yard sales.  Most garage sales will be advertised in a local paper, online, a “penny pincher” type weekly paper, etc.  This is great if you want to hit a lot of garage sales, but keep in mind these are the same exact sales everyone else is going to as well.
    In the summer-time, people have almost impromptu yard sales, or ones with little/no thought to advertising.  They’ll usually toss a sign or two out at street corners, but unless you happen to drive by, these sales are largely “unknown”.  This means they don’t get as many people, don’t get picked over as quickly, and often times have deals still for sale when the advertised sales have been picked clean hours earlier.  Make a point to stop at these random sales next time you see a sign.



Is it Profitable to Sell Scrap Gold Jewelry on eBay?




This is a question that is often asked, and for good reason.  Many of us who buy and sell scrap gold jewelry on a regular basis are always curious about different ways to maximize profits in order to get more money out of our hard-earned scrap gold.  Unfortunately, the question of whether or not to sell some (or all) of your scrap gold jewelry is not an easy question to answer.

The Short Answer
Yes, No, and It Depends.  Generally speaking, while it may be considered profitable to sell SCRAP gold on eBay (depending on your costs), for the most part it is not worthwhile to sell scrap gold on eBay for one simple reason: You can get as much or more money elsewhere without the risks and headaches.

Notice I used the phrase “scrap gold” twice in a single sentence above, and emphasized the word SCRAP.  This is for good reason, as the rule of thumb above applies mainly to scrap gold, busted and broken pieces of jewelry, dental gold, etc.  Aka, the potential buyers who are interested in these type of gold items are going to be other scrap gold buyers.  So the amount they’re willing to pay for your scrap gold will be limited to less than what a refiner would pay.  And that’s before you factor in the added costs of eBay’s selling fees, shipping/insurance, etc.

So in general, selling scrap gold on eBay can be profitable, but is not worth it when compared to other options.

On the other hand, it doesn’t take long dealing in gold jewelry to see that people sometimes sell really amazing pieces of gold for “scrap”.  If you’re a picker (and “urban treasure hunter”) like me, you may have even found a stunning piece of gold jewelry or three at a local thrift store or yard sale.
That being said, nice, functional, desirable gold jewelry can be sold profitably on eBay and even with the added fees and risk, can still be considered worthwhile.

This brings up another point though… if you’ve got gold jewelry that’s nice enough to sell on eBay, you can likely sell that same jewelry on Etsy.com for as much or more money, less fees, and seemingly less risk.  The advantage of eBay is that for the most part, you can avoid any insertion fees on new listings… So it doesn’t cost any money to “try” and sell some of your scrap jewelry on eBay.

In the end, the choice of whether or not to sell gold jewelry on eBay is up to you, and many gold buyers make the decision on a piece by piece basis.

Whatever you decide, keep your main goals in sight and you’ll figure out the right way to get there.

Happy scrapping!




What to Know About Refining Gold-Plated Jewelry




Melting & Refining Gold-Plated Jewelry

Did you know that you can refine gold-plated jewelry (and make good money doing so)?  Well, you can, BUT… not all gold-plated jewelry is created equal and most of it doesn’t contain anywhere near enough gold to make gold recovery and refining feasible.

While the modern “cheap, gold-electroplated junk” jewelry is rampant, there are still quite a few pieces and types of gold-plated jewelry that DO contain enough gold to economically recover.  These are the types of items to watch for and buy when you can get them for the right price.

First things first.  Refiners deal in BULK, costs, chemicals, equipment, and manpower dictate that they have to deal in BULK because many times it is not profitable to do otherwise.  This is especially true when dealing with gold-plated jewelry.

The amount of gold contained in the gold-plated items that refiners will accept is a very minor amount, especially compared to the usual scrap gold everyone’s used to dealing with.  While scrap gold jewelry can contain 40-75% or more gold, many of these gold-plated items have gold contents as low as 5-10%.

Such a minor amount of gold content in each plated item means you’ve got to make it up by having a whole butt-load of gold-plated items in order for it to be worthwhile (and for any refiner to accept your business).

While each refiner has different requirements, most have a minimum processing amount around 3-ounces (for mixed-karat scrap gold).  If the gold purity in such a shipment averages, say 45%, the refiners basically have a minimum requirement of 1.35-ounces of gold (45% of the 3-ounce mixed-karat minimum).
That being the case, you can assume that refiners have similar minimums for gold-plated items (though quite a few won’t even accept ANY gold plated anything, so check first).
If a refiner is expecting around 1.35-ounces of gold as a minimum shipment, then you’ll likely need to come up with 10-20 times MORE THAN THAT worth of gold-plated items in order to satisfy their minimum requirements.
In experience, I’ve found that only a few refiners will deal with gold-plated items, and since the gold recovered is a small amount compared to the amount of material processed, they usually want even larger minimums than what’s stated here.

Different Types of Gold Plated Items That are Worthwhile

As mentioned earlier, a few gold-plated items are worth keeping and refining, but most are not.  Here we’ll look at the types of items to keep, and what to ignore.

Worth Money:

Any “Fractional Gold-Plated” Item – These items are marked with fractions, example: 1/10th 10k.  This means that 1/10th (or 10%) of the total weight is how much gold was used to originally plate the item.  Of gold-plated items, these are some of the best to buy and make money on since the gold purity, content, and value can be easily determined.  Be wary though, many of these items are old and platings wear off over time and with use.

Examples: Gold Jewelry, Tie Tacks, Pins, Cuff-Links, Eyeglass Frames, Pen/Pencil sets

Most Pocket Watch Cases – These are usually marked with something like “Warranted” or “Guaranteed” along with a gold purity and sometimes the amount of years the warranty or guarantee is valid for.  Usually, the longer the guarantee, the more gold the pocket watch case contains.

Some Wristwatch Cases – Gold-plated wristwatch cases can be a touchy area… some are worth scrapping, some are not… and it can be difficult to tell the difference.  In general, stay away from anything marked “R.G.P” (Rolled Gold Plate) and “H.G.P” (Heavy Gold Plate).

 

Not Worth Money:

Most all other gold-plated jewelry falls into this category, with few exceptions.

In general, you can ignore gold jewelry with markings similar to these:

GP – Gold Plated
GE – Gold Electroplated
HGE – Heavy Gold Electroplated
HGP – Heavy Gold PlatedWGP, YGP – White Gold Plated, Yellow Gold Plated

When in doubt, leave it out… and that’s surprisingly good advice.  The gold content in plated items is already so minor that adding thinly plated items to your refinery shipment increases the amount of waste metal and makes it more difficult to extract valuable precious metals.

Now that you know a little about spotting good gold-plated jewelry and distinguishing it from the worthless junk, ya better get busy snagging as much as you can if you’re gonna get enough for a shipment and PAYOUT.

All the best!




How to Find the Value of 1/10th 10K Gold – and Other “Fractional Gold Plated” Jewelry Pieces




Fractional Gold-Plated Marking – 1/10th 10k

It doesn’t take much looking through old trinkets like jewelry, pins, cuff-links, even vintage pen and pencil sets, before running across this somewhat confusing gold marking… 1/10th 10K.

Now the markings you’ve seen might not match that exactly, maybe you’ve seen something that said 1/10th 14K, 1/20th 12K, or even the super-confusing, “14K/20” and the like.

All of these markings are in the same category of gold jewelry marks and so we can automatically assume the following:

  • The piece that is marked is gold-plated, NOT solid gold
  • These markings always contain two parts, a FRACTION, and a GOLD KARAT PURITY
  • The FRACTION refers to the AMOUNT OF GOLD USED TO PLATE THE ITEM, in relation to the OVERALL WEIGHT OF THE ITEM
  • The KARAT PURITY is an indication of the gold content in the gold used

Examples:
Say you have a gold-plated tie tack marked “1/10th 10K”, all this really means is that “one-tenth of the total weight IS 10 Karat Gold!”.

On a watch case marked “1/20th 12K”… 1/20th of the weight of the watch case is equal to the amount of 12k gold used to plate the watch case (and thus, the amount of gold it originally contained).

Markings like “14K/20” seem confusing, but this is just another form of the fractional marking “1/20th 14K”.  These “compressed fractional markings” are often found on pieces that have minimal space for any marks at all.

 

Now that we’ve got some killer knowledge out of the way — we can put all the mumbo-jumbo above together and have the educational foundation to find the value of ANY Fractional Gold-Plated item we come across.

 

Here’s How to Find the Value of Fractional Gold-Plated Items:

Step 1:
Figure out HOW MUCH GOLD the item contains AND the GOLD PURITY.

Step 2:
Find the Current Gold Price for that specific GOLD PURITY.

Step 3:
Multiply the CURRENT GOLD PRICE (Step 2) with the GOLD CONTENT (Step 1).

In-Depth:

Step 1:
The GOLD CONTENT of the item is equal to the fraction marking MULTIPLIED BY the TOTAL WEIGHT of the item.
Example: If a gold-plated pin is marked “1/10th 10k” and the pin weighs 3.1 Grams, the GOLD CONTENT is 1/10th of 3.1 Grams or 0.31 Grams (of 10k Gold).

Step 2:
Use the Current Gold Price Calculator at GoldJewelryPrices.com to quickly find out the current melt value of a specific gold karat purity.  Find the value of 1 GRAM of whatever purity is marked on the item.
Example: If the item is marked “1/10th 10k”, use the calculator linked above to find the current value for 1 GRAM of 10K Gold.

NOTE: Gold Price and Gold Weight should be designated in the same weight unit.  I normally stick with GRAMS when weighing and valuing gold jewelry since it is easy and straightforward.

Step 3:
MATH, YAY!  Ok, this is easy… take the GOLD CONTENT from Step 1 and MULTIPLY it by the GOLD VALUE from Step 2.
Example: As I write this, 1 GRAM of 10K Gold is worth $16.18.  If we have 0.31 Grams of 10K Gold (Step 1) and 10K Gold is worth $16.18 per gram (Step 2), we have:

0.31 Grams of 10K Gold  x  $16.18 per Gram  = ~ $5.02 Gold Value

 

Here’s another quick example…

Say you’ve got a pocket watch case.  It’s marked “1/20th 14k” and weighs 35.8 Grams.

Step 1:
Gold Content = 1/20th of 35.8 Grams  =  35.8 / 20  =  1.79 Grams

Step 2:
14K Gold Value (per the calculator at GoldJewelryPrices.com): $22.64 per Gram

Step 3:
1.79 Grams x $22.64 per Gram  =~  $40.53

 

Who knew there could be SO MUCH GOLD in a pocket watch case!  Now you can see the beauty and power of knowing how to calculate the gold value in fractional-plated items.  You also know why I’ve spent so much time explaining the finer details… This is a very powerful and PROFITABLE tool to have in your gold scrapping arsenal.

So now you can figure out the gold value in all sorts of gold-plated items.  I hope this opens up a new world of possibilities for you.  🙂

Happy Hunting!

 




Gold Jewelry Info – What is the Difference Between Carat and Karat?




Carat vs. Karat, what’s the difference? This is a question asked by many when it comes to jewelry and at first glance may seem confusing… but it doesn’t have to be.

The short answer is that carat (with a “c”) is a measurement of weight and is usually associated with precious gemstones while karat (with a “k”) is a measure of the purity of gold, usually associated with gold jewelry. So now that you know, here’s a more in-depth answer…

Carats
As mentioned above, Carat is a measurement of weight (and not a measurement of size, as one might have assumed). Although the size of an object contributes to it’s weight, carats refer only to the weight of something regardless of size.
Carats are used in conjunction with precious gemstones (like sapphires, rubies, etc) and are most commonly associated with diamonds. If you’re curious, 1 carat is equal to 0.2 grams… which means that saying you have a 5 carat ruby is the same as saying you have a 1 gram ruby. So the next time you see a 1 carat diamond, remember that’s referring to the weight of the diamond, not the size.

Karats
Karat describes the purity of gold and is most commonly used when describing gold jewelry. Because pure gold is very soft and not very durable (not to mention expensive!), jewelry made of pure gold isn’t very practical. Instead, pure gold is mixed with other metals like copper, silver, and/or zinc to form a gold alloy that makes for a stronger, more durable piece of jewelry (and it is more affordable as well). So “karats” simply tells you how much pure gold was mixed with other metals to form the specific piece of jewelry in question.

Karats are defined on a number scale from 8 to 24 with 24 karat meaning pure gold and anything less meaning less than pure gold. In the United States, 10 karat is the lowest purity gold that jewelers can make and still call their jewelry “solid” gold. In Europe and other parts of the world, it’s possible to find 8 or 9 karat gold.

To find out how much gold is in a piece of jewelry, simply take the number of karats and divide it by 24. This means that 12 karat gold contains 50% pure gold (it is ½ gold… 12 divided by 24). And 18 karat gold contains 75% pure gold (18 divided by 24) while 10 karat gold contains 41.67% pure gold (10 divided by 24). Remember… the higher the number of karats, the more pure gold is contained in the jewelry.

So there you have it… the differences between carats and karats. Carats means weight and karats means gold purity. Thanks for reading, I hope you found this article informative.




How to Calculate the Weight of Gold Jewelry Without a Scale




I could have easily titled this post “What Does a Gram of Gold Jewelry Look Like” since we’re going to cover pictures of gold jewelry along with their weights. But I’ll keep the title anyway.

What do you do when you need to know how much a piece of gold jewelry weighs but don’t have a scale to find the weight? Judging the weight of gold is a bit of an art form and can take time and practice to master. But once you’ve got it down, it is an invaluable tool when both buying and selling gold jewelry.

There are two main reasons why it’s a good idea to quickly and accurately estimate the weight of gold jewelry.

The first reason is when you’re selling gold jewelry and don’t have a scale to verify the weight… You want to make sure whoever you’re selling to isn’t trying to line their pockets by pulling a fast one on you. So if you can estimate the weight of your gold jewelry, you can just as easily estimate the value (and thus, a price range to expect when selling your gold). This is one reason GoldJewelryPrices.com was set up in the first place. Our free online calculator allows you to quickly and easily calculate the current market value of your gold jewelry.

The second reason to learn how to accurately estimate the weight of gold jewelry is when you’re buying gold. Being able to estimate the weight allows you to determine the market value of the physical gold contained in the jewelry. Keep in mind that other factors are involved (such as detail and workmanship) but knowing the gold value of your jewelry is a good starting point.

So… What does a gram of gold jewelry look like?

Since gold is such a heavy metal, it may be surprising how little of it is needed to equal a gram in weight. On the other hand, gold is malleable as well, which means it is easy to bend, stretch, and form the gold. This can make for extremely thin pieces of gold jewelry that don’t weigh as much as you might think at first glance. But again, the thicker pieces of gold jewelry can weigh much more as you might expect.

To put this into perspective, I’ve taken several pictures of different pieces of gold jewelry to help give you an idea of how much a piece of gold might weigh. This is the way to calculate the weight of gold jewelry without a scale… You’ve pretty much got to guess! Of course, the guessing gets easier and your guesses will be more accurate with time and practice (and looking at how much lots of different gold pieces weigh).

Besides the thickness of the gold, another thing to keep in mind here is the purity of the gold jewelry. Pure gold is much more dense and heavier than say, 14k gold, since gold is heavier than the alloys used to “dilute” pure gold into 14k gold. To keep it simple, remember – The higher the karat weight (purity), the less gold it will take to equal 1 gram. Example: 1 gram of 22k gold will be smaller in size than 1 gram of 10k gold.

Enough mumbo jumbo, let’s get on to the pictures of gold jewelry…

Take a look at the two 10k gold pendants in the picture below. Which one do you think weighs more? (To get an idea of scale, each piece of jewelry is approximately 1/2” wide)

Closeup of 10k gold pendants

Did you say the gold graduation pendant is heavier than the angel pendant? If you did, congrats… You’ve got a keen eye for gold! While the gold angel pendant may look bigger than the graduation pendant, the graduation pendant is thicker and actually weighs more. This is a good example of how gold can be formed to create thin jewelry that appears to contain more gold than it actually does. Let’s take a look at what each of these gold pendants weigh…

Closeup of 10k graduation pendant weight
Closeup of 10k angel pendant weight

Together, they weigh just over 1 gram, with the graduation pendant weighing about 0.2 grams more than the angel pendant.

Let’s look at another example. This time we’ll use a 14k gold bracelet. The bracelet in the picture below is approximately 7” long and 1/16” wide. Can you guess how much it weighs?

Closeup of 14k gold bracelet

While this bracelet is very thin and dainty, it may surprise you to find that it weighs just over 1 gram. Yup! Someone with enough time and the proper equipment could melt this bracelet down and make both the graduation and angel pendant pictured above. (They’d probably end up with a small amount of gold left over as well, since turning 14k gold into 10k gold would mean less gold metal and more alloy metals)

Here’s a picture of the gold bracelet’s weight:

Closeup of 14k gold bracelet weight

And finally, we’ve got one last example showing what a gram of (nearly) pure gold looks like…

1 Gram of (almost) Pure Gold Nuggets

These are (almost laughably) tiny gold nuggets, probably between 22k-24k pure gold. It’s amazing how it doesn’t take much to equal a gram of gold.

So now you’ve hopefully got an idea of what to look for when estimating the weight of your gold jewelry. I used a target weight of 1 gram in the pictures since that is a good unit to mentally increase when estimating weights of larger pieces of gold.

I know this article doesn’t make you an expert, but hopefully it gives you a good starting point and basis when determining the weight (and value!) of your gold jewelry. Thanks for reading!




Facebook Marketplace Offers New Opportunity to Profit from Scrap Gold Jewelry




If you’re like me, you’re always looking for new places where you can find real, solid gold jewelry for less than melt value. I’ll hound the thrift stores, antique shops, yard sales, and estate sales more often than should be admitted, looking for a nice little chunk of real gold (or silver) jewelry at a discount.

During the winter months though, cheap gold jewelry priced less than scrap value can be hard to come by. Nobody is having a yard sale (nor wants to go to one, at least around here), and estate sales can be few and far between. Craigslist can be one avenue for finding discounted gold jewelry, although my personal experience has been unreliable at best and complete waste of time and/or outright fraud at the worst. Although, I have found good honest deals on gold jewelry (usually women’s rings) pop up on Craigslist once in a while.

Recently I’ve been browsing around the Facebook Marketplace, as well as several local Facebook groups geared towards buying, selling, and bartering. Of course, as with any online marketplace, you’re gonna find the overpriced crap (and good stuff) that will never sell because it’s just not priced right. But so far my personal results for finding good deals have been encouraging.

When you use the Facebook Marketplace App on your smart phone, potential buyers and sellers can text each other through Facebook’s Messenger App. This gives more of a personal feel to the marketplace and it seems that deals are much easier to transact, with much less of the “run-around” found transacting on Craigslist.

So if you’re looking for a new place to find cheap gold jewelry, check out the Facebook Marketplace and Buying/Selling groups local to your area. If you check regularly, you’ll most likely be surprised at some of the deals that pop up.