How To Buy Scrap Gold For Profit May 2026

This is the most profitable route. Refiners melt the metal down and typically pay 90%–98% of the melt value. They usually require a minimum weight (e.g., 2–5 ounces) to do business.

Some people run ads (e.g., "I Buy Gold") to have sellers come directly to them, though this often requires a precious metals dealer license depending on your local laws. 4. Selling for the Payout how to buy scrap gold for profit

Look for "junk" jewelry jars; sometimes real gold is mixed with costume pieces. This is the most profitable route

Real gold is not magnetic. If it sticks, it’s likely steel or iron with a thin plating. how to buy scrap gold for profit

These have very little gold and are generally not worth buying for scrap profit unless you have massive quantities.