The garage and tag sale season is about too begin in this article I will tell you how you can make some serious cash buying and selling scrap gold and silver with the metals hitting record prices never has there been a better time to get in on this business. You can make a nice part time income by doing this I say part time because most sales occur on the weekend but some do start on Friday or mid week keep your eyes open for these they might have profitable finds, Or get the word out where you work that you are buying these metals.
Plan your day to hit as many sales as possible and remember the early bird gets the worm Go to sales in the higher rent district these people will have more of these items obviously then poor people. Personal tragedy happens and the need for instant cash happens too everybody.
These are the items you are looking for Class Rings, Cluster Rings, Tangled Gold Chains, Gold Watches, Bent/Broken Jewelry, Unmatched Gold Earrings, Items with missing stones, Gold Pins/ Broaches, coins bracelets and necklaces are things that you are looking for.
In the United States, anything that is not at least 10 karats (42 percent gold) cannot be legally sold as gold. Anything that you purchase that is real gold should have the karat amount stamped into the jewelry. On rings the stamp will be on the inside and on necklaces and bracelets the stamp will usually be somewhere on the clasp.
For sterling, the mark will be either the numbers 925 (meaning 92.5 % silver, which is sterling) or a "sterling" stamp with the words. Near the clasp should have the mark, it would be at the end of the chain if anything. Sometimes the mark is on a little flat looking ring at the end of the chain, so check around.