First of all, it's about $800 an ounce (not gram) and usually any private owned jeweler will purchase your gold (even broken)....And yes, they do sell it to the refineries (only jewelers in the trade can sell to a refinery)....And yes, they do make a profit, it's a business, why would they buy it from you if they didn't ! When you sell copper wire , aluminum cans, etc., to the junk yard, they make money, so do jewelers....So, what you can do is, go to a couple of independent jewelers (they weigh it in front of you) and some test it on the spot with acid, let them give you an offer and go to another jeweler and decide who is the best offer !!! We had a jewelry store for 22 yrs and did buy jewelry everyday from customers...
And they will not make you jewelry from your scrap gold....It all has to be refined..(maybe they'll tell you that) Different karats of gold have different amount of other alloys, it have to be separated with an extreme high heat ... Hope this info helps in your sale...If you live in Morris County, I can give you the name of the jewelry store we sold and he can help you !!! Just a suggestion...Good luck |