A gold scrap jewelry seller and buyer is different then a pawn shop but similar in some instances, gold scrap jewelry seller and buyers strictly buy and don’t offer short term collateral loans for items of value. gold scrap jewelry seller has a main focus which is geared towards buying and selling precious metals and bullion versus a pawn shop which tend to purchase any item of value since they primarily make there money on interest and not just buying and melting the items. A gold scrap jewelry seller and buyers go through deep and extensive back ground checks before they can set up there shop and begin buying from the general public or in some rare instances other businesses. A gold scrap jewelry seller and buyers are not hard to find by any means but there are a lot of places that deal as a gold scrap jewelry seller and buyers which means you have to really do your research before you decide to sell items to just anyone.
A gold scrap jewelry seller and or buyer may be rated and reviewed just like any other business, places like the BBB are a great way to check how long the potential gold scrap jewelry seller and or buyer has been in business and if any formal complaints have been filed. Another great tool is to check prior customer reviews on the internet if any in relation to any potential gold scrap jewelry seller or buyer you wish to do business with. Gold jewelry can be made in all sort of colors from rose to white and of course most traditionally in yellow but there are a few variations from that as well from green, black, two tone and really the list can keep going. Gold jewelry that a gold scrap jewelry seller or buyer is interested in can be made up of many different percentages of gold which translates to the karat stamping it receives once the piece is complete. This is a list of common karats of gold you may find 8kt, 9kt, 10kt, 14kt, 18kt, 22kt, 24kt. Karats is defined as” a unit of fineness for gold equal to 1⁄24 part of pure gold in an alloy”.
A gold scrap jewelry seller and or buyer knows that people in the West tend to wear lower karat gold jewelry such as 10kt or 14kt because it’s more of a norm in the U.S. In Europe and the Middle East people tend to wear higher karat gold such as 18kt or 22kt. If you ever visited Asia the standard for gold jewelry out there is 22kt to pure 24kt gold. It’s very seldom you will find gold jewelry under 22 karat in Asia. India specializes in 21 karat gold jewelry and in some cases you may come across 18kt but very seldom. In Great Britain it’s the norm to find a lot of gold less than 9 karat due to a tax on gold.