What to do with unwanted gold

For people struggling to make ends meet or looking to scrape some money together for a holiday forget car boot sales and washing cars, the unwanted gold locked away in the drawer of your dressing table could be one of the ways to earn extra money. The price of gold has been at its peak recently because of a number of different factors. One factor is the weak US Dollar and threat of inflation which traditionally sees investors look to their tried and tested “safe haven” of gold as way to protect their money. Another factor is the very low interest saving rates currently being offered by banks pushing people to look for profitable and low-risk investments like gold.

Where to sell unwanted gold

Jewellers and pawnbrokers

There has never been a better time to sell unwanted gold jewellery or gold bullion coins. The question is where to sell gold jewellery that you no longer want. When people think about selling gold jewellery one option they usually go for is a high street jewellers or a pawnbrokers but these don’t offer a comfortable environment nor the best prices.

PartyCash4Gold

However, there are now a number of other businesses, like PartyCash4Gold, looking to buy gold scrap and unwanted gold jewellery from people and will then melt it down and refine it. Since PartyCash4Gold is not looking to sell unwanted gold jewellery to another customer, we can offer you a price based on the actual gold content of the item and current gold bullion prices. In addition to gold jewellery and gold scrap, we buy gold bullions coins like Krugerrands and American Gold Eagles, dental gold and gold bars.

What is a Gold Bar?

Actually, the technical term here is ingot, which is just the name for any sort of material that has been cast into a bar like shape to make it more easily processable. Whenever gold needs to be commercially stored or traded, it is much easier to be in ingot form.

Production Methods of Gold Bars

A Gold bar can be cast or minted. These are two different gold bar production methods. Melting means to melt the Gold and pour it into an ingot mould which gives it the commonly recognized shape of a gold bar. A minted gold bar is minted from a hand cut block of gold from a larger piece of solid gold.

How heavy is a gold bar?

Gold bars, whether minted or cast, come in all sorts of different weights, shapes and categories. Gold bullion bars can have various weights and dimensions; it really depends on the requirements. The most well known gold bar shape that you might buy from the bank is the “400 ounce London Good Delivery” bar. These Gold Bars weigh 12.44kg.

What does it say on a real gold bar?

Gold bars are usually marked with their weight, their carat and the symbol of the gold producer. Recently, gold bars have become a lot smaller (ingots of a few grams) and put in a sealed and certified package. The value of a gold bar depends entirely on its weight and its purity (carat). Click here to read more about gold carat.