Scrap Gold

Record gold prices have led to the appearance of a multitude of companies promising instant cash for gold, but most fall short of their promises to pay customers the true market value for their unwanted jewelry. At South Florida Coins & Jewelry you may be sure that you will receive the highest possible prices from a reputable, established company. We are one of the largest gold buyers in the Palm Beaches and, due to the high volume of product we trade, are able to pay at a higher rate than other scrap gold buyers in the area, as surveyed by the Palm Beach Post in a recent article (See Real Money section 05/30/10). We are also able to work more closely with you the greater the quantity you have.

In order to determine the value of your scrap gold, we must first ascertain its karat, or percentage purity, and then weigh it in order to calculate the total amount of pure gold it contains. We can then use the current market (or “spot”) price of gold to obtain your total. Gold jewelry is very rarely pure as in its pure state gold is extremely soft, so it is combined with other metals including silver, copper, nickel and zinc in order to increase its strength and durability for jewelry manufacture. The karat of gold typically used for jewelry varies from place to place around the world, with different countries adhering to different minimum standards. For example, in the US, the minimum legal standard is 10K, in Italy it is 18K, while in England it is only 8K. The following table lists the percentage gold content for the most common karatage of gold, with 24K being pure:

Silver and platinum are similarly combined with other metals when making jewelry. Sterling silver is 92.5% pure and platinum is typically 90% or 95% pure.

We are more than happy to test your jewelry for you and give you an expert, accurate evaluation. Feel free to stop in at any time during business hours for an appraisal and take advantage of the opportunity to receive the best return in history for unwanted items. Broken chains, class rings, mismatched earrings and unused gifts lying neglected in a drawer can provide a surprisingly high windfall of instant cash!