How To Find Cheap Gold For Crafting
There is a lot of jewelry that is collecting dust and is no longer wanted. The owners of these pieces might be willing to sell them to you through various means, such as flea markets. If the jewelry contains gold, you'll be able to possibly get a great deal and use the gold in your arts and crafts. Any gold you don't want to use can be sold to turn a profit while having a lot of fun.
Appraising the Gold
The most important part of purchasing gold is finding out how much you should pay for it, and you will need to find the purity level to do that. The piece of jewelry should have a stamp that determines if it is 10, 14, or 24-karat gold. There are also nitric acid kits that can allow you to find out the actual purity of the piece. Be careful with nitric acid because it can be strong enough to stain or even burn your fingers.
Follow the Gold Market
Pay close attention to the price of gold since it changes every day. You will not only want to make an offer based on how much the gold is worth, but you'll also want to pay less in case you will later intend to sell the gold to turn a profit. What's most important is that you don't pay more than what the gold is worth.
Look for Places With Cheap Gold
There are lot of great places where you can find valuable gold for cheap. For example, at many flea markets, people often throw away junk boxes that might contain pieces of gold jewelry. Make sure to attend the larger flea markets to find gold jewelry because the smaller markets are often more focused on socializing than actually selling for profit.
There are various other places where you might find gold, including auction websites online, garage sales, and estate sales. The key is to find a place that is selling gold for much less than what it's worth. This is either because the seller doesn't know what the gold is worth or doesn't have time to have it appraised.
Use Scrap Gold for Crafting
Finding cheap scrap gold is a great way to get started with a crafting hobby that requires gold. Simply purchasing gold can be very expensive and unnecessary when there are a lot of ways you can save money with scrap gold. For more information on how to buy scrap gold, contact your local gold dealers today.