best scrap gold prices

extra cash for scrap gold prices

Scrap Gold Prices for Extra Cash

Scrap gold prices have hit an all time high. And, considering the way things have been going, that’s really no surprise. Whether you’re looking to find out more, or make a little cash on the side, gold can be great. But, if you don’t know what you’re doing, it can also be a tremendous waste of time.

What Is The Gold Standard?

Before you get too deep into the gold topic, understanding how gold works in the current economy can be very valuable. The Gold Standard is just that, a monetary policy. Essentially, all currency is based on a quantity of gold. Why base an entire economic system on a precious metal?

Well, for starters, value preservation. Money is much more complex than just a piece of paper with some special markings. And it’s important to understand how or why that piece of paper has any real value at all. In a gold backed economy, the government ties the paper money it prints with the physical gold it has on hand. Likewise, a government that prints money without backing runs the risk of devaluing their currency entirely.

If your economy uses a Gold standard, anyone, at any time, can trade their paper money in for actual Gold. And, similarly, can receive paper currency on the market for the weight of gold they possess.

It’s worth noting that this concept is nothing new. In fact, it has been around for a few thousand years. Gold and silver have both played their part in the growth of economies. For instance, Asian farmers used pieces of gold and silver as a method of payment, British empires used gold as the scaffolding for their empires.

Fiat Currency

Comparatively, Fiat backs its currency through a connection with supply and demand. Basically, the more demand you have within your economy, the more value your money has in the world market. Additionally, the more demand you have, the more money should be able to print (in theory).

However, on the other hand, some fear the Fiat Currency is quite dangerous. And one of the dangers associated with fiat is hyperinflation – where governments print money outside the confines of supply and demand. Today, more so than ever before, the dangers of fiat seem to be quite apparent.

Thankfully, we still have physical gold. And while the U.S. and European economies are no longer backed by Gold, their deposits remain intact.

Gold Scrapping Prices

Enter gold scrap prices. Gold is quite complex, and has many “measures” that help decide it’s worth. Currently, we refer to this value as “market value”

How Gold Is Weighed

We use three measurements to weigh gold:

  • Ounce
  • Gram
  • Kilo

And value for each change on a daily basis. You can check out current gold prices by visiting a website like Monex.com

Gold Purity

Gold weights are not the only thing you have to think about when scrapping. Additionally, purity (or carats/karats) plays a huge role in how much gold is worth.

Basically, without running you through a science course, purity is the relationship between gold content and it’s carat rating. The purest gold is 24 carats, and contains 99% gold by weight. Comparitively, 10k gold is on the lower end of the scale. Today, one ounce of 10k gold is worth $700+ USD.

Where Can You Find Gold?

You can find Gold in just about everything, but you have to know where to look. We’ll list a few places to find it.

  • Computers – Laptops, desktops, and all-in-ones contain gold components. Circuit boards found inside of a new laptop can contain between $15 and $25 of gold.
  • Cell Phones – that’s right, don’t go throwing that old iPhone away so quickly. The average mobile contains 50 milligrams of gold in weight.
  • Old Jewelry – this is the easiest place to find scrap gold by far. But, you’ll want to be wary as far as where you find it. Fool’s gold jewelry is practically worthless!
  • Space Technology – gold is used by Nasa in their space shuttles. The metal can be found in a shuttles circuitry, connectors, and conductors.

Additionally when dealing with Scrap gold and finding prices, you can use gold-calculators to help!

How Much Are My Items Worth?

Scrap gold prices are constantly fluctuating, and that’s part of what makes scrapping so fun!

Ideally, you’ll be able to find a few common items containing gold using the list above. And, really once you understand where/how gold is used, it won’t be hard to find. But, to understand how much your scrap items are worth, it will take a bit of legwork.

Really it all comes down to weight and purity. But, that doesn’t necessarily mean the heavier your items are, the more they will be worth. A troy ounce is the most common measurement for gold. In our example, we’ll use the average amount of gold found in a smartphone: 50mg:

We know that 24 grains equals about 1/20th of a troy ounce (see pennyweight dwt). And, we know that you need 28349.5 mgs to have one ounce worth of gold. Likewise, we know that the market value for one troy ounce of gold today (6/8/2020) is $1,697.00, and our cell phone is 75% pure (18 carats).

Our 50mg gold containing smartphone internals have roughly 50mg’s of gold, or 0.03 ounces. Therefore, we can safely say our cell phone internals are worth $2.05.

Now, we know $2.05 is not going to make anyone rich overnight. But, if you gathered 100 smartphones, you may have something worthwhile.

For more info on our Scrap gold prices, give us a call at: 1-877-857-6227

To Scrap Or Not To Scrap

Scrap gold prices are very good right now, and unlike stocks or bonds, their value normally remains VERY stable.

Really, your chances of finding gold scrap will increase with access. Meaning, the more recycled electronics you can get your hands on, the better money you’ll make. Many other people also sell old gold jewelry, watches, and engagement or wedding rings to make extra cash.

What’s In It For Me?

If you plan on getting into scrapping, you’ll want to find a business that knows what they’re doing. Our gold buying platform is 100% secure, fair, and no-hassle. And, best of all, if you do not like the price we offer after shipping your gold, we’ll ship is back at no cost. Watch our highly satisfied customer tutorials here.

Looking further help selling your scrap gold? Visit our website for more information.

Read More!
sell jewelry near me

Scrap Gold Prices: What to Look For

Scrap gold prices are sky-rocketing right now. And, considering the way things have been going, it’s a GREAT sign of better things to come. Whether you’re looking to make a little cash on the side, or to learn more about old jewelry, scrapping can be a cool little side-gig.

Gold 101

Before you consider selling gold, you should have a basic understanding of gold economies, and how they work. Essentially, all currency was once based on actual gold holdings. But, why base an entire system on a raw precious metal?

Well for starters, gold holds value extremely well, and thus, tends to stay steady overtime. This creates a secure ‘environment,’ where gold is tied directly to printed money. We call this value preservation in the gold world. In other words, all paper money has an equivalent amount of gold backing it. Hence the popular term “gold backed economy.” Gold backing is nothing new either, and in fact, has been around for thousands of years! This system allows anyone, anytime, to exchange their paper currency in for Gold.

Fiat Currency

Nowadays, major gold backed economies have been replaced with another ‘technique.’ Fiat systems are connected directly through a supply and demand structure. Similar to gold, fiat models are backed. But, unlike gold structured economies, they do not rely on something tangible. Instead fiat uses market demand for ‘things’ linked to an economy. And, when demand rises within sectors of the economy, the paper value of currency rises with it.

However, on the other hand, some fear the Fiat Currency is quite dangerous. And one of the dangers is called hyperinflation – where governments print money outside of supply and demand. Further, because economies can’t physically touch the demand they have, it’s hard to differentiate between what’s actually there.

Thankfully, we still have physical gold deposits. And even though our U.S. economy is no longer backed by gold, its holdings remain.

Gold Scrap Values

Enter gold scrap prices. Gold is quite complex, and has many “measures” that help us decide it’s worth. Currently, we refer to this as “market value.”

How Gold Is Weighed

We use three measurements to weigh gold:

  • Ounce
  • Gram
  • Kilo

Gold Purity

Basically, without getting too far into the weeds, purity is the relationship between gold content and its karat rating. Parts of gold, karats (or carats), and % of gold, are all means of deciphering gold purity. For comparison, we’ll take a gold conversion chart to give a better idea of purity.

Number of Karats | Parts Gold | % Purity

  1. 9K | 9/24 | 37.5%
  2. 10k | 10/24 | 41.7%
  3. 12k | 12/24 | 50.0%
  4. 14K | 14/24 | 58.3%
  5. 18K | 18/24 | 75.00%
  6. 22K | 22/24 | 91.7%
  7. 24K | 24/24 | 99.9%

For example, let’s say you have 10 grams of 10k gold jewelry. We know that 10k gold is 41.7% pure, or, in other words, worth 41.7% of a 24k gram. So, therefore, we know that our 10grams is worth $229.91 USD.

Additionally when dealing with scrap gold and finding prices, you can use scrap gold calculators to help!

Finding Old Gold

You can find gold all over, but you have to know where to look. A good place to start is electronics. Laptops, the latest iPhone, Androids, Bluetooth speakers, pretty much anything that has a circuit board. For instance, a new laptop can contain up to $25 in gold. And similarly, your average size smartphone contains about 50mg of gold by weight.

Many of us also have old jewelry lying around – pieces we no longer enjoy, or that are broken and we never got around to repairing them. These are excellent sources of scrap gold.

How Much Are My Items Worth?

Scrap gold prices are constantly fluctuating, and that’s part of what makes scraping so fun!

Ideally, you’ll have a stash of old jewelry at the ready, or be willing to haul your neighbor’s old desktop away free of charge.

Now, we know you’re probably not going to get rich overnight by extracts old circuit boards out of junk desktops. But, scrapping of gold can actually yield more than you’d think.

For more info on our scrap gold prices, give us a call at: 1-877-857-6227

What’s In It For Me?

If you plan on getting into scrapping, you’ll want to find a business that knows what they’re doing. Our gold buying platform is 100% secure, fair, and no-hassle. Our gold cash buyers will offer you a competitive price. And, best of all, if you do not like the price we offer after shipping your gold, we’ll ship is back at no cost. Check out our client testimonials here.

Looking for help selling your scrap gold? Visit our website for more information.

Read More!

Scrap Gold Prices: The Best Time to Sell?

Interest in scrap gold prices has really gained momentum over the past month. Our current economic state undoubtedly has something to do with it. But, even though we may be living in uncertain times, interest in gold remains constant, just as it always has.

Old Computers And Scrap Gold

You can find gold practically anywhere, but a few places are more surprising than others. Today, we wanted to take some time to discuss one of those places – computers.

Our gold cash buyers actually receive questions regarding recycling computers regularly. Everyone wants to know if they can still make money doing it, and so the ‘story’ begins.

First, you should familiarize yourself with computer recycling history. The big gigantic desktops of yesteryear were known to contain more gold than the slim laptops of today. Plus, those prehistoric machines usually had bulky peripherals that contained even more gold. If you think about it, it all makes sense. Big heavy bulky computers required more material to build.

Gold & Computers Now

Fast forward to 2020, can you still find these things? Well, it’s hard to say for sure. Normally, we found old bulky desktops in school rooms and businesses. And, most of these ‘old’ places have long been re-vamped with new gear. However, finding these hot spots is not entirely out of the question yet – you may just have to dig a little deeper.

Second, you should work to better understand where gold containing computers parts ‘live.’ Commonly, we find gold inside the circuitry of a computer. That’s because gold is an amazing conductor of electricity. So in theory, you’ll be able to find small amounts of gold in an area where requiring energy.

For example, parts where data transfer happens like RAM can contain pockets of gold. You can even find little strips surrounding these areas where electricity is required for power. Similarly, motherboards (which are big circuit boards) usually contain the ‘mother load’ of gold used in computers. Additionally you’ll be able to find gold in memory chips, central processors, and even graphics boards.

On the same note, you’ll find roughly $15-$25 in an old model computer. It may not sound like much. But, think if you found a collection of old desktops someone was giving away for free. If you broke down 50-100 desktops, you could have a potential $750-$2,500 pocketed.

In summary, gold CAN still be found in computers. And, scrapping old computers can be a great way to start.

For more on scrap gold prices, give us a call: 1-877-857-6227

Should you start scrapping?

Scrap gold prices are quite good now, and unlike stocks or bonds, their value normally remains VERY stable. We can discuss the ins and outs of gold all day long, but that won’t do you much good.

Really, your chances of finding gold scrap will increase with access. Meaning, the more recycled electronics you can get your hands on, the better more you’ll make. And to be honest, finding prehistoric gold containing computers may not be the easiest thing. But many people have old jewelry or coins they are no longer enjoying, and selling these can be highly profitable.

What’s In It For You?

You want the best scrap gold prices, there’s no doubt about that. If you plan on getting into scrapping, you’ll want to find a business willing to pay top dollar. Our gold buying platform is 100% secure, no-hassle, and fair. Best of all, if you do not like the price we offer after shipping your gold, we’ll ship is back at no cost to you.

Looking further help selling your scrap gold? Visit our website.

Read More!
COVID-19 NOTICE We're Open and Committed to Your Safety!