Scrap Gold Refiners
Learn more about Scrap Gold Refiners at the website RouhNeckChronicles.com.
Q: I want to sell scrap gold direct to refiners in the u.k. Where can I find reliable buyers ?
I dont want to deal with the middlemen or all those companies who advertise on tv and actually pay a pittance.Just an established refiner who would buy scrap gold/silver could anyone recommend a refiner anywhere in the u.k. ?
A: yeah, well, the refiners are not going to want to deal with the tiny quantities you would bring them – that’s why there are middlemen . to buy small quantities from individuals and then they sell large quantities to the refineries
Q: How do I sell my scrap gold direct to a refiner?
I’m looking to sell my old scrap gold jewelry and things, and get the highest possible amount for them. I keep calling all these ads on TV for people that buy it, but the prices I get seem to all be way too low. How do I sell my scrap gold direct to a refiner?
A: Try Specialty Metals in Fairfield Connecticut.
The phone number is 800-426-2344 www.specialtymetals.com
They will buy your gold at prices way above what a jeweler
or pawn shop will pay. The ads for gold buyers on TV are full of problems. Go to Better Business Bureau web site and look up each company. If you see problems, stay away. BBB.com
Q: What do they do with the gold at scrap gold shops?
I know scap gold shops sell to refiners, but can someone explain the whole process from some gold chain to shop refiner and so on.
Why can’t I per say (dnt wear gold, not my tatse) sell it to the refiners. What happens after the refiner.
I am bit vague but i hope you get what i’m trying to explain.
A: you can sell to a refiner but would have to have at least X amount to make it worth your while, because they pay you better percentage in bulk at 800 gold if your selling yor scrap to pawn shop bargain to get 12$ per gm on 14k at least.
Q: How do I sell scrap gold to a refiner?
A: Spot gold prices are generally posted or offered in numerous adds. But those prices are for gold based on several things
1) It is refined: as in not still attached to a circuit board or someones teeth and so on.
2) It is subject to its purity. 24k is pure.. 10k is pretty common
3) Raw Ore (as in you just mined it) may need to be smelted or melted into a single bar/slab/nugget to insure its consistency of #2
If you have good metal, you may also want to contact a local jeweler to see if he/she is interested in buying it.
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Q: I have scrap gold that I am sending to a refiner. Do I have to report this as income on my taxes?
Actually the gold was inherited years ago from my grandfather who owned a repair shop. Would it be taxed (or reported) differently as an inheritance. It is about 6,000 dollars worth of scrap.
A: If this is your own property and you are not in the trade or business of scrap gold, then you need to determine if the original cost of the item is less than the scrap value. If so, report the Sale on Schedule D. Your gain will be taxed at up to 28%.
If you are in the trade or business of scrap gold, all transactions are reported. Use Schedule C to show all money received and your cost of goods and other expenses. The net profit is subject to income tax, Social Security, and Medicare tax.
Q: Best place to sell unwanted gold jewelry?
I need to sell a lot of unwanted scrap gold jewelry (earrings, watches and necklaces). What is the safest and highest paying gold refiner?
I’m looking to sell gold in my city if possible.
A: You can not sell your gold directly to a refiner unless you are a jewelry or dealer and have proper licences. I am a refiner who buys from jewelers and dealers as well as the public. I do not pay the public as much as jewelers and dealers for these two reasons.
1) When buying from the public the law states that I must hold all items for 15 days before selling/melting them. In those 15 days gold, or silver has the potential to drop ALOT! Additionally, my money gets tied up for 15 days when buying from the public. When I buy gold or silver from dealers or jewelers I can melt it that same day, thus there is no risk of losing profit from gold or silver dropping since it is melted the same day it is bought.
2) Unless you have a large amount of gold or silver it isn’t profitable for us to buy from you. We don’t mind making .25 cents profit per gram if you have 1,000 grams of gold but it doesn’t pay to make 25 cents profit per gram if you are selling 100 grams of gold. That is only $25 profit from laying out $1500. There are expenses and lots of them, most people don’t realize it’s a business and we need to make money too.
On the other hand there are plenty of places ripping people off. With gold at $993 per ounce you should take no less than $9 a gram for 10k, $13 a gram for 14k and $17 a gram for 18k.
I buy from people all over America. I can buy it from you if you know the exact weight of your gold and silver. I can pay you via paypal even before you ship it out.
DO NOT USE CASH4GOLD.COM, GOLDKIT.COM, GOLDPAQ.COM OR ANY OF THOSE COMMERCIAL TYPE SITES!!!!!!! THEY ARE A HUGGGGE SCAM!!!!
Call me if you want to sell your items to my company. The number is 877-487-1386.
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