What actually counts as scrap gold?
People assume "scrap" means rubbish. It doesn't. In the gold trade, scrap simply means gold that's no longer wearable, sellable as jewellery, or worth repairing. The metal itself is identical to the gold in a brand-new ring — it's worth exactly the same per gram.
Typical scrap gold we buy every week in St Helens includes:
- Snapped chains, kinked bracelets, broken clasps
- Single earrings (you'd be amazed how many there are)
- Worn-down wedding bands and signet rings
- Bent or twisted bangles
- Old gold teeth, crowns and dental scrap
- Watch cases, lugs and back plates
- Tangled chains nobody can be bothered to untangle
- Damaged gold-plated frames where the gold is recoverable