Scrap Gold

Scrap gold refers to any gold that is no longer wanted or used in its current form and is intended to be melted down and recycled. This can include broken or outdated jewelry, dental gold, gold coins, or even industrial gold components.

The value of scrap gold is primarily determined by its weight and purity (measured in karats). When people sell scrap gold, it's usually bought by refineries or gold dealers who melt it down to extract the pure gold content, which can then be reused to create new gold items or for investment purposes.

To determine if your item is scrap gold, start by checking for hallmarks or stamps indicating its karat, as genuine gold typically has markings like 10K or 14K. Assess the condition of the item—if it's damaged, broken, outdated, or no longer wanted, it may be scrap gold. You can also perform a magnet test, as real gold is non-magnetic. For more accuracy, consider using an acid test to verify its purity, though this may damage the item. Finally, consult with a professional jeweler or gold buyer to confirm its value and whether it qualifies as scrap gold.