In these financially stressful times, selling of scrap gold has become a popular way of raising some instant cash. The current value of gold is high and cash-strapped sellers are usually delighted to make a bit of money for something that has likely been lying around unused.
How to Host a Gold Party
To merely host a party it is only necessary to contact a company that specializes in gold selling parties, such as Ounces to Pounds in the UK. Find enough guests with gold to sell, a location for the party (home or a rented space) and some snacks and drinks.
A representative from the gold buying company will come to weigh and purchase the gold on the day – seeing each person privately while the other guests party. The gold buyer will then make a bid which will be signed by the seller if he/she accepts the bid, returning any reject quality items or gemstones.
The host usually gets approximately 10% of the sales and there may be an extra allowance for refreshments.
Own a Gold Buying Business
There are numerous companies that specialize in providing services for gold selling parties. It will be necessary to buy a gold party kit which can cost approximately $500 or more and includes an accurate scale, a device for determining the gold content of each item (to make sure it is pure and not mixed with other metals), a 'how to' book on hosting gold selling parties, the prices that should be paid for guests' gold and information on how much one can expect to make.
Gold Dental Scrap
Gold teeth may even have been left to one by a deceased family member, fallen out or just need replacement. Although gold is still used to fill or replace teeth these days, there is a surprising amount of dental scrap that finds its way back onto the gold market, after refinement of course.
There are many scrap dental gold companies prepared to buy old gold caps, PFG's (porcelain fused to gold), bridges and crowns for recycling purposes. Sometimes a gold tooth can sell for as much as 50 dollars depending on the weight and quality of the gold. Gold for dental work is usually around 16 karat and needs to be chemically treated to refine the gold before it is melted down.
Gold Scrap from CPU's
CPU (Central processing Units) from outdated computers and mainframes contain gold and copper that can be recycled. Companies exist that buy scrap CPU's pins, connectors, mother boards, cell phones and other gold plated items for refining and re-sale and they usually offer a fair price for these items which would otherwise simply end up in the trash.
Fleur Hupston - Fleur Hupston is a professional freelance writer based in Botswana, Southern Africa. From this unique perspective, she writes travel ...
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