Gold is a highly coveted precious metal that has held its value over time. Grand Rapids Coins buys and sells coins and currency, but we also buy scrap gold and sterling silver. If you’ve ever wondered about the value of your gold jewelry or silver items, in this blog we will go through the differences between types of gold and silver. We will also discuss how scrap gold is processed into investment grade gold bullion.
Different Kinds of Scrap Gold
Gold is a very precious metal that has held value over time, unlike many other mediums of exchange. There is currently a great deal of interest in gold because the price of gold has been high and rising for some time. That high price is an incentive for people who may have jewelry or other gold items lying around that they do not use. Those items can be sold as scrap gold for cash.