Scour listings for "broken jewelry" or "old charms."
Look for "junk" jewelry jars; sometimes real gold is mixed with costume pieces.
A stone and various acids (10k, 14k, 18k, 22k) to check for reactions. how to buy scrap gold for profit
(Spot Price / 31.1) x (Karat Purity / 24) = Value per Gram .
To look for hallmarks or signs of "wear-through" where base metal shows under gold plating. 3. Where to Source Scrap Scour listings for "broken jewelry" or "old charms
Buying for profit is a classic "buy low, sell high" venture, but success depends on your ability to accurately test purity and understand market pricing. 1. Master the Math (The "Melt Value")
Never rely on a "14K" stamp, as many items are counterfeit. You’ll need: To look for hallmarks or signs of "wear-through"
This is the most profitable route. Refiners melt the metal down and typically pay 90%–98% of the melt value. They usually require a minimum weight (e.g., 2–5 ounces) to do business.