If you’ve decided to Sell Your Gold, give yourself a pat on the back. You’re one step closer to making a profit on your unwanted metal!
The next step is to visit Southwest Jewelry Buyers. We buy all types of gold, including gold coins, jewelry, and even gold teeth. We’re also happy to answer all your questions about the selling process.
Yet, if you’re like most people, you might be curious about what comes after your let go of your gold. You may wonder, “What happens to the gold I sell?”
Well, you’ll be glad to know that your gold is put to good use. Read on to learn more.
How Gold Pieces Are Created
In order to understand the fate of your gold pieces, it helps to know how they’re usually made. This is especially true for jewelry, which accounts for most of the gold that’s sold to precious metal buyers.
Here’s the thing: Pure gold is very soft, so it needs to be combined with other metals. These may include:
- Copper
- Silver
- Palladium
- Platinum
- Zinc
These elements harden and strengthen the gold. The result is a gold alloy, which is strong enough to be made into jewelry. It can also be used for gold pieces like coins, watches, and gold fillings.
What Happens After I Sell My Gold?
For the most part, the gold items you sell are melted and refined to pure gold.
After all, as mentioned above, gold pieces almost always contain metals other than gold. In order for the pure gold to be re-used and re-cycled, it needs to be separated from those additional elements.
The process starts with a gold refiner, who calculates how much of the item is pure gold and how much of it is other metals. They can do this through the following tests and tools:
- Acid kit
- Electronic tester
- X-ray fluorescence spectrometer
- Melting point test
Next, the pure gold is physically separated from the other elements. There are many ways to do this, but the two most common techniques involve a high-temperature flame and strong acids.
The remaining gold might require smelting. This process removes any remaining impurities by burning them off or adding an agent that reacts with the metals, making them easier to remove.
Finally, the resulting pure gold is re-used in new jewelry, coins, and more.
But in some cases, your gold pieces might be re-sold as is. This is more likely if you Sell Gold Jewelry that’s in amazing condition or is made by a popular designer.
The High Demand For Gold
While your collection of precious metals may change over time, one thing is for sure: Your gold pieces will always be valuable.
That’s because gold will always be in demand. Not only is it used in electronics and dentistry, but it’s highly coveted too. People love to adorn themselves in classic gold pieces, no matter how often trends change each year.
Sell Your Gold At Southwest Jewelry Buyers
As you can see, what happens to the gold you sell is driven by its high demand. It also highlights the importance of Selling Your Unwanted Gold. It allows your precious metal to be re-used and recycled instead of collecting dust in your drawers.
The key is to work with a reputable jewelry buyer like Southwest Jewelry Buyers. Aside from paying top dollar for your gold, we’ll ensure that your old gold properly re-enters the market.
While you’re at it, Sell Your Diamonds and precious gemstones to our team. We’ll gladly examine your pieces and coordinate an honest transaction, should you decide to move forward.
We’re available by appointment six days a week. To Contact Us, fill out our online form or call us at (480) 773-8004.