I am looking to buy scrap gold and sell it on for profit,how do i find out who the jewellers sell theirs to..or is this a trade secret.

rawpotatoeater37

Haha oh no, it's not a trade secret.

Often, jewelers sell their scrap precious metals back to the companies or refineries that they bought it from. The refineries pay for scraps (even minuscule filings!) depending on the weight of the total scrap. They can then add the scraps back to the "melting pot," so to speak, and it'll go into other orders. The expectation is then that the money you receive for your scrap would then go toward your next order (it's not required, but it's the unwritten rule/advice).

OR for an extra fee (of course), if you have enough scrap to make a nugget or bar, or I think even wire, you can request that they only reconstitute the scrap for you. You would have to make your order at that time, however.

I'm not sure who exactly you can send your scrap back to, but I'll look it up and ask around and get back to you on that.

Anyway, good luck selling your gold!

(This reminds me: I should sell my scrap silver sometime soon...)

rawpotatoeater37

So I asked around and a place that buys scrap metal like I described above is Hauser and Miller.

Here is their website, which describes the process and the charges: Hauser & Miller - Refining Service

jrreed

I live in Missouri and have used Arch Enterprises before. They are a refiner that works a lot with the big film companies refining silver, but they also help consumers. You can find them at Arch Enterprises.

neosoulman

There are many internet sites available to sell your scrap gold. I have used Sell Jewelry | Cash For Gold | Sell Gold Jewelry | Price of Gold before and had a good experience. I have heard some negative things about other similiar companies which I wont name, but the best advice is to just do your research.

jakeamo

I got the most money for my gold scrap from GoldTreeOnline.com My mom sent in her scrap and got a lot more than the other internet site. I sent my in the next week and got may payment fast. I highly recommend them.
Gina B.

sellgold

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beinmontan

My friends & I have used hardgoldcash.com. They have been in the recycling business for some time and were very fair. ( no middleman) they give you 15 days to return your check if not happy and get your gold back ! Now that is service.

Cedric J

If you're collecting gold in order to sell it, then these scrap gold refiners probably are your best bet. I'd use one of the big scrap gold and jewelry buyers for regular broken jewelry and stuff.

But if you want to sell to jewelers in bulk, the problem is getting it certified. They can't tell right off the bat if its pure gold, full of lead, or whatever. You might have to sell at a discount in order to offload it.