What is Scrap Gold and How Can It Help You Out of Your Financial Predicament?

What is Scrap Gold and How Can It Help You Out of Your Financial Predicament?

If you are facing tough financial times, then you might be wondering if there is anything around your home that could be sold. Many people have no idea that they have scrap gold that could help them significantly. Keep reading to earn what scrap gold is and how GNJ Pawn Big can help you turn it into cash. Then stop by or call us at (661) 224-1999 to get started.

What We Mean by Scrap Gold

When we use the term scrap gold, we are talking about any type of gold that is no longer working as it once did. For example, if a person dental gold replaced, they could potentially sell that dental gold as scrap gold because it is no longer being used in their teeth. Likewise, scrap gold can refer to jewelry that is broken or otherwise no longer works.

In most cases, this type of gold is melted down and used to create something else. This means that you are selling it only for the weight of the gold – not the form it is in. The gold is then reprocessed or repurposed into a new form.

How to Sell Scrap Gold

There a few ways you could potentially sell scrap gold. You can skip most gold buyers who are looking for high-quality jewelry or coins. They are looking for items they can turn around and resell and are less interested in the actual gold itself. A better option is your local pawnshop. At GNJ Pawn Big, we offer fair, competitive prices and a very simple selling process.

The Value of Scrap Gold

Believe it or not, a team of bankers in London are the ones that set the gold price – and they change it daily. It can go up and down based on the economic conditions around the world. For this reason, you might want to watch the gold price for a few days or weeks before buying so that you will have a good idea of the price you can expect.

The Process of Selling Scrap Gold

This step is simple. You either call GNJ Pawn Big at (661) 224-1999 to find out how we can help you, or you stop by our shop. We are considered an essential business as well help community members during the pandemic, so you can stop by during regular store hours. Bring your scrap gold in with you, and we can weigh it, consider it, and offer a price.

Do you have questions about the process? Do you have questions about what we accept? Then contact GNJ Pawn Big at (661) 224-1999 right away.