Any ornaments or products can be considered as scrap gold if gold is used for manufacturing them. Selling strap gold is a highly profitable business because the price of gold shows a steep upward trend. It is impossible to restore the former glory of old gold. It is also not profitable to repair such products. But you can make lots of money by selling scrap gold. The popularity of this business increases with the uncontrollable rise of the price of gold. 

Scrap gold can also be obtained from old cell phones, computer motherboards, scrap electronic boards, etc. Gold plated fingers, connectors, pins, integrated circuits, etc contain high grade scrap.

Best Method to Sell your Scrap Gold

Scrap gold industry is very huge so you can find lots of buyers for these products. You will get better price from those who offer you a special gold kit, which contains a prepaid envelop. Some kits may contain forms to describe the products you are sending. First of all, you should enter correct information in the form. Then the products and form should be put in a special bag. Now you can post this bag to the dealer after taking a photocopy of the form, which describes the products you have sent. The money will be obtained once the dealer assesses it. A small amount will be deducted for meeting handling charges.

The value you get from the merchant will not be retail value of that item. Instead, it will be the value of your gold. You will get more money if you are aware of the worthiness of your gold. Good awareness of the quantity and weight of gold in an item, gold price on the day, etc must also be essential to get more money. You will also get money from other alloys, like platinum, silver, and stones. After selling scrap gold, you can consider to invest the money in gold bars and coins.