
Should Gold Scrap & Non Scrap Go For The Exact Same Price ?
When you arr Buying or selling gold what do you base it on besides the weight ? If you have NEW, VINTAGE, SCRAP all weigh the same how do You go about pricing it ?
example :
1. 14k Scrap gold ~ 20 grams
2. New Beautiful ring : 14K Gold 20 grams
3. 50 year old Vintage Ring : 14K Gold 20 grams
SHould they all be the same price or not ?
Thanks!
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To a refiner, it doesn’t matter. It’s all going to be melted down. It sounds cold, but that is the way gold refiners do business.