As far as the cash for gold places, you also better know the difference between grams and pennyweights. Most pay in penny weight or dwt, which is equal to 1.555 grams. What will happen is that they will tell you you have 2 dwt and pay you at the gram price . So if your gold weighs 2 dwt or approx 3.11 grams you may only get paid at the 2 gram rate if you are not savy knowing the difference. Also most of these places are only paying 80-85% of spot price even on 24k scrap. If you have a local refiner you are better off going there. At minimum you ahould be getting 95-97% of spot price on 24k scrap. They shoukd also be putting the scrap in an xrf machine to get a true assesment of the make up of metals and not just going by whatever the karat marking is.
Most karat markings are over valued meaning that what is marked as 18k is usually less than that.
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