We Buy Scrap Gold & Jewelry Call us toll free 1-402-204-3626
Merchant Creek Mining Company you can rest assured you are getting a fair price for your scrap gold. There are a variety of factors that determine the price you will be paid, but we will explain everything to you and answer all your questions beforehand. You will get a free, fair, honest, and no pressure quote.
We buy gold in almost any form in our local region. You can get a free price quote and sell us your scrap gold for the highest prices. Gold is one of the most sought after materials on earth and used in everything from jewelry, to electronics, industrial, medical, and dental fields and much more. Its ongoing high value ensures that gold containing scrap will net a high return.
We buy gold scrap (such as jewelry), gold industrial scrap (typically as plating or shielding), all forms of electronic scrap and generally any other gold containing material. Common sources of gold karat scrap are old jewelry (earrings, necklaces, rings, bracelets, etc), flatware, and estate items.
We look forward to serving you with our experience and friendly, down home service. To get started, call us at 1-402-204-3626 or contact us online so we can give you a price estimate, arrange for shipping if necessary, and answer all your questions.
Examples of Scrap Gold we Buy:
Gold earrings, gold necklaces, gold bracelets, gold rings, gold pendants, gold bands, gold charms, gold trinkets
Gold costume jewelry, gold ornaments
Gold coins, gold bullion
Gold estate items, gold plated dishes, gold plated utensils
Electronic Scrap Gold & Circuit Boards
Dental and Medical laboratory scrap
Industrial Gold plating, stripping and other solutions containing gold
Scrap Gold FAQ
How Scrap Gold Is Weighed and Measured?
Scrap gold is a term that is often used, but some people are confused as to what it means. Let’s see what scrap gold is and how it is measured and valued. “Scrap gold” refers to gold that is sent to a refiner to be melted down and recycled.
When bought and sold, scrap gold is often weighed in troy ounces: 1 troy ounce is equal to 31.1 grams (1 gram = 0.032 troy ounces).
(1 regular ounce is equal to 28.34 grams; conversely, 1 gram is equal to 0.035 ounces.)(Text continues below ad.)AdvertisementAdvertisement
Another common unit of measure for scrap gold is pennyweight (abbreviated as “dwt”).
1 pennyweight (1 dwt) is approximately equal to 1.555 grams, 0.05 troy ounces, or 0.055 ounces. Alternatively, 1 gram equals 0.64 pennyweights, 1 troy ounce equals 20 pennyweights, and 1 ounce is equal to 18.23 pennyweights.
An important characteristic of scrap gold is its purity, which tells you what percentage of an item is made up of actual gold and how much of the piece is made of other metals.
Purity is measured in karats, and the maximum gold content an item can have is 24 karats, which is the karat number of pure gold.
To convert karats to a percentage, simply divide the karat number by 24. For example, a 14-karat (or 14K) ring contains 58.3% pure gold (14 divided by 24).
What is The Value of Scrap Gold?
The value of scrap gold depends on two main factors: weight and purity. Therefore, if you know the price of gold per unit of weight and you also know the karat of a piece of gold jewelry, you can estimate its value as scrap gold.
As an example, if you have an 18K piece that weighs 100 grams, then the actual gold content of the item is 75% (18K divided by 24), or in other words, you have 75 grams of pure gold.
This doesn’t mean that you’d be able to get that price if were to sell. Most gold brokers will buy your old gold at a 20%-40% discount to the market price to cover their melting, refining, and other operating costs.
Selling Us Your Scrap Gold
First and foremost keep in mind that we will not pay you as much as your jewelry was worth at the store – as scrap gold buyers care about the value of the metal in your items and not about the value of their design.
Also keep in mind that we may offer different prices for your jewelry depending on what we will do with it and whom we will resell it to.
But as a rule of thumb, we will buy your gold at 60% to 80% of the market price – (20% to %40% off the current spot price) – the high end of the range is usually offered on larger lots.
You’re unlikely to get more than 70% of the market price unless you sell at significant lot of scrap gold. Our prices are always very competitive.
How Will I Know If I Am Getting A Fair Price?
Our experience and connections to end-buyers help insure that you will get a competitive and valued offer on your scrap gold. Our job is to get the best price we can, so we can offer our customers the best price for their scrap gold. We will discuss everything with you and offer you a free price quote. No pressure. No hassles. If you accept our offer you will receive a fast cash settlement, unless otherwise specified.
Below us representative of current scrap gold prices. Offers and purchases by Merchant Creek Mining Company are subject to amount, quality, condition, type, etc of scrap gold you want to sell. We offer free quotes and information upfront. No hassles. We’ll even help you decide if selling your gold as scrap is your best option!