When you’re looking for scrap gold buyers, there’s a lot to consider. For starters, you want to get the best value for your gold.

When you’re selling scrap gold, keep in mind that your gold buyer is going to make a profit on that transaction. Of course, you already knew that. But it might be a good idea to figure out an estimate of how much money you can expect to receive for the sale. An even better idea is to do this before you sell your gold.

Looking at the gold charts today won’t give you an accurate estimate of how much your scrap gold is worth.

Our free gold price calculator takes into consideration an estimate of how much money the average scrap gold buyer will make on the sale. Enter the weight and fineness (in karats) of your gold scrap, and the final value should give you a baseline of how much money you can expect to put in your pocket.

Keep in mind that this value is not exact–it’s just an estimate. There are other factors to consider, when figuring out the value of your gold.

The price of scrap gold varies, depending upon where you sell your gold. It also varies depending on which scrap gold buyers you’re working with. So, before making a sale, contact several buyers, so you can compare their offers.

Also, keep in mind that your gold may be worth more as jewelery than it is as “scrap.” That is, if you have a piece of gold jewelery, it may be more valuable as it is–especially if it’s well-made.

And if your jewelery contains precious stones (such as diamonds), the value of those stones should be considered apart from the gold setting they’re in.

Even though it may be tempting to rush into a sale, it makes sense to take a little time and choose the best scrap gold buyers. It could mean more profit for you.

Click here to use our gold price calculator.