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Jun 19, 2025
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How to Sell Scrap Gold: A Step-by-Step Guide to Getting the Best Price

Whether you’ve got broken jewelry, mismatched earrings, or old dental gold sitting in a drawer, turning your unused items into cash is easier than you think. With gold prices staying strong, now is a great time to learn how to sell scrap gold — and how to do it the right way.

In this guide, we’ll walk you through everything you need to know: what counts as scrap gold, how to prepare it for sale, and how to get the best payout from a reputable gold refinery like Melting Bar.

What Is Scrap Gold?

Scrap gold refers to any gold item that is no longer wanted or usable in its current form — but still holds value based on its gold content. This can include:

  • Broken or outdated jewelry
  • Gold coins and bullion
  • Dental gold (crowns, bridges)
  • Gold watch cases or accessories
  • Manufacturing waste (filings, dust, sprues)

If it contains gold, it has value — regardless of condition.

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Step-by-Step: How to Sell Scrap Gold

1. Gather Your Gold Items

Start by collecting anything you believe may contain gold. Even small items or mixed karats can add up. There’s no need to separate by purity unless you want certain items refined separately.

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2. Do a Basic Purity Check (Optional)

Check for stamps or markings like 10K, 14K, 18K, or 22K to get an idea of purity. While helpful, only a professional refinery like Melting Bar can give you a truly accurate reading using XRF analysis or melting.

3. Get an Accurate Weight

You’ll be paid based on the gold content by weight. While a kitchen scale can offer a rough estimate, we use certified, legal-for-trade scales at our facility to ensure precise measurements.

4. Choose a Trusted Gold Buyer or Refinery

Not all buyers offer the same value. Pawn shops and mail-in services often pay less. For the best payout, go with a professional refinery like Melting Bar, which offers:

  • Transparent melting and purchasing
  • Same-day settlements
  • No hidden fees
  • Walk-in service and scheduled appointments

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5. Understand the Payout Process

At Melting Bar, we handle everything in-house — from purchase to melt to payout. Here's what to expect:

  • We weigh your items in front of you
  • We melt the gold to create a homogenous sample
  • We test purity using XRF or fire assay
  • You receive a clear, itemized payout based on current market pricing

Choose to get paid by cash, check, wire, or even refined bullion.

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Tips for Getting the Best Price for Your Scrap Gold

Check Current Gold Prices
Stay informed about the live market to ensure fair value. We base payouts on real-time pricing.

Avoid Middlemen
Refineries like us cut out brokers and offer better returns.

Don’t Clean or Polish
Cleaning may reduce weight and isn't needed for refining.

Ask About Fees
We’re fully transparent about melt and processing fees — no surprises.

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Why Sell Scrap Gold to Melting Bar?

We’re more than just gold buyers — we’re the refinery. That means:

  • 💰 No middleman = higher payouts
  • Fast turnaround = same-day melts and payments
  • 🔍 Transparent process = you can watch your gold being melted
  • 💎 Flexible options = get paid in cash, wire, check, or gold

Whether you're a jeweler with regular refining needs or someone clearing out a drawer, we make the process easy, honest, and rewarding.

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Final Thoughts: Turn Old Gold Into New Cash

Selling scrap gold doesn’t have to be overwhelming. With the right information — and a trusted partner like Melting Bar — you can unlock real value from items you no longer use.

Visit us today or contact us to schedule your melt and get paid what your gold is truly worth.

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