Even with gold and silver prices dropping slightly, turning in these two metals as scrap can still be a profitable weekend job. The best way to make this a worthwhile method of earning extra cash you need to find a reputable scrap gold buyer in Utica and find inexpensive sources of scrap metal.
After you have emptied out your own jewelry boxes, kitchen drawers, and storages spaces, you will need to find additional resources outside of your own home. Many people enjoy using metal detectors in public spaces like beaches and parks. This can be time-consuming and is often unproductive.
Flea markets, yard sales, and thrift shops are great places to shop. It can be surprising how many people are willing to basically give away genuine silver or mistake gold for costume jewelry. You will have to look at everything closely and be willing to negotiate.
Offer to clean out old abandoned houses. While most of these places will primarily contain junk, there are frequently treasures that may surprise you. Another great place to “treasure hunt” is auctions for unpaid and unclaimed storage lockers. Look for storage units in smaller towns. These auctions are often not as crowded, which makes it easier to get abandoned units cheaper.
Purchase bulk, wholesale lots of costume jewelry from online auctions or estate sales. There are often many pieces containing precious metals included with the costume jewelry, particularly silver. The added benefit of this method is that you can resell the costume jewelry as well.
It is important to be able to identify genuine gold and silver as well as to understand the different grades of the metals. Anyone who wants to make a profit from scrap will also need to be aware of the current metal prices by checking them daily, or even more often.
A good Scrap Gold Buyer In Utica will also be up-to-date on the current pricing and should always pay you cash for the items you bring into the shop. Always compare the rates from all buyers in the area so you know you are getting the best price for your scrap.
