Sure, you can sell the scrap on eBay, but first I want to tell you about an

intriguing seller I discovered last year.

His eBay moniker is custom-designs. He will take your scrap gold (no silver,

sorry) and hammer it into an incredibly elegant new ring or bracelet for you. His BIN

price for a ring is $55.00; a bracelet is $80.00.

The only drawback is that he doesn’t do PayPal, but you can send a check or money order when you send him the gold.

Isn’t that a great way to re-use an old wedding band with bad memories, a

broken bracelet or those big gold hoop earrings you’ll never wear again?

Or maybe you want to sell your precious metal scrap on eBay. You might be

confused by all the units of measurement: pennyweight, grams, ounces, troy

Gold is usually measured in grams, and on eBay accuracy is important. Your

buyer will want to see a photo of the jewelry on the scale. If you don’t have access to a scale, you’re not going to be able to sell it as scrap.

Usually gold buyers are looking for only one type in a lot, so separate out white from yellow gold.

Sterling silver scrap also does well. A common quantity is 10 troy ounces. There are a few people buying silver scrap who are so anal that they will be peeved if you don’t sell in grams.

That’s nonsense.

Gold, sure, sell it by the gram. That makes sense when it’s hovering around $625 an ounce.

Silver, on the other hand, runs around $12 an ounce. I contend that no great precision is required there.

As long as you clearly state what unit you are selling in, there shouldn’t be a

problem.

There are unit conversion sites all over the Web. I like Kitco for

keeping an eye on metals prices. I do not price by the daily market; I think that is so much nonsense.

Why?

Because no one is going to pay spot prices for your scrap anyway. There are

costs involved in refining it. If you feel daring, start your lot at 99 cents and hope for two bidders battling wildly.

There’s something about gold and silver that inspires irrationality.

Last, these words of caution: Inexpensive sterling holloware is often weighted

to add stability.

If you have opened the piece and removed all the weights, say so.

Next, if you’re claiming to sell sterling scrap, be absolutely certain that what you are selling is 925 sterling or better.

Better would be Japanese 950 or Mexican silver explicitly marked as 970. Once

certain, do NOT accept any returns. There are people out there who may try to

short-weight you or pick out the pieces they want and demand a refund on the rest.

Make sure you keep the post office receipt that shows the approximate weight of

the package.

Last, there is a market for 800 silver (aka Continental silver) as well, but

don’t expect to get as much due to the low silver content of 800/1000.

fLufF

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