Second-hand Value - What's It Worth?
Gold Jewelry, silverware, Dental gold, or any other precious metal scrap goes through about 3-4 middlemen before it finds its way back into our economy in another form. As such, you will not get the same price for one troy ounce of gold jewelry as you will for one troy ounce of gold bullion.The basic formula for determining how much you will get paid is:
Value = (Gross weight) x (Purity) x (Spot price) x (Payout percentage)
Most reputable dealer, including PPM, will pay out a range of percentages, depending upon the number and size of items, the total weight, and the average purity. The volatility of the gold price also plays significant role. If you fill out the form on the right, we can give you an exact quote of what we will pay for your scrap gold.