Sell Scrap Gold in Phoenix, AZ – Get Top Dollar for Your Gold Scrap Jewelry
Looking to sell scrap gold in Phoenix and turn old jewelry into instant cash? You’re in the right place. Phoenix-area residents can sell gold scrap jewelry – from broken chains and rings to coins and bullion – for competitive prices at local buyer Gold King Bullion. As Arizona’s trusted gold dealer with locations in Phoenix, Chandler, Mesa, Tempe, Scottsdale, Avondale, Peoria, and Glendale, we specialize in in-person, same-day transactions. Forget mail-in programs or far-off refiners – at Gold King Bullion you get a transparent appraisal and cash on the spot. This comprehensive guide will show you where to sell scrap gold, how it’s valued, and why choosing a reputable local buyer ensures you get top dollar for your scrap gold while avoiding scams and hassles.
Gold King Bullion is a locally owned Arizona bullion dealer (with nearly 20 years in the business goldkingbullion.com) that focuses exclusively on gold and silver. We don’t deal in collectibles like gemstones or watches – our expertise is in the precious metal content of your items. With advanced testing equipment, licensed scales, and up-to-date pricing, we make selling scrap gold safe, easy, and profitable. Below you’ll find everything you need to know about selling scrap gold in the Phoenix metro area, including keyword variations like where to sell scrap gold, sell gold scrap jewelry, and more. Use this guide as your SEO-optimized roadmap to a successful scrap gold sale!
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Why Sell Scrap Gold Now? (Phoenix Market Trends)
Selling your scrap gold now can be a smart move – especially given the current market. Gold prices have surged to near all-time highs, meaning that broken or unused gold items are worth more today than ever. In early 2024, spot gold hit a record $2,141 per troy ounce investopedia.com, and prices have remained strong into 2025 amid economic uncertainty. Gold’s appeal as a safe-haven asset has driven it upward, with some recent quotes around $1,950–$2,000+ per ounce. In plain terms, higher gold prices mean your scrap gold is more valuable now than it was even a year ago.
Another reason to sell now is strong demand and recycling trends. The global gold market is hungry for supply, and much of it comes from recycled gold. In fact, the World Gold Council notes that recycled (scrap) gold volumes have been rising year-over-year goldkingbullion.com. With gold demand at multi-year highs, buyers are eager to purchase scrap gold to refine and reuse. This trend benefits you as a seller – scrap gold is more liquid and easier to sell when demand is high.
Finally, converting scrap gold to cash helps both your wallet and the environment. By selling scrap gold, you’re helping recycle precious metal rather than requiring new mining. The global scrap metal recycling market was valued at over $300 billion in 2024 and is projected to double by 2034 goldkingbullion.com. Recycling gold uses far less energy than mining new gold, so you’re doing good for the planet while getting paid. It’s truly a win-win: you cash in on high gold prices and contribute to a sustainable circular economy.
In summary, 2025 is an excellent time to sell scrap gold in Phoenix. You can take advantage of record-high prices, high buyer demand, and quick local sales to lock in a great deal. Gold King Bullion’s live pricing (see our Buy/Sell Prices page) reflects these market highs, ensuring you get a fair payout. Don’t wait for prices to dip – if you have gold collecting dust, now is the time to turn that scrap gold into useful cash.
What Counts as Scrap Gold? (Definition and Value)
“Scrap gold” refers to any gold items that are no longer wanted in their current form and are sold mainly for their gold content. This can include broken jewelry, outdated or unwanted pieces, mismatched earrings, old rings, gold chains, dental gold, or even gold from electronics. Essentially, if it’s gold and you’re willing to part with it for its material value rather than any sentimental or collectible value, it’s considered scrap gold. For example, a Cuban link chain that’s out of style or a damaged gold bracelet would typically be sold as scrap for its melt value.
Scrap gold comes in many forms:
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Gold Jewelry – The most common scrap gold source. This includes rings, necklaces, bracelets, earrings, pendants, and chains. Even luxury styles like Cuban Link chains (known for their interlocking, oval links and substantial weight 6ixice.com) can be sold as scrap if you no longer wear them. Broken clasps, kinked chains, or single earrings without a pair are classic scrap items. You can even sell gold bracelet in Arizona for cash easily with Gold King Bullion’s appraisal process – we pay based on the item’s gold weight and karat, not its condition.
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Gold Coins and Bullion – Gold coins (like American Eagles, Krugerrands) or small gold bars might be sold as scrap if they are common or damaged. However, bullion coins often fetch prices close to market value (some coins can even have collector premiums). Gold King Bullion buys gold coins at their precious metal content value. (For coin collectors, see our guide on local gold dealers in Phoenix for more info on selling rare coins versus scrap.)
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Dental Gold – Gold crowns, bridges, or other dental work often contain high-purity gold. Dental gold usually ends up as scrap because it’s not usable in its current form. Don’t forget about that old crown or filling – it contains gold that can be melted down.
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Gold from Electronics – Electronics such as computer circuit boards, CPUs, and connectors have small quantities of gold plating. This “e-waste” gold can be recycled. If you have a substantial amount (from computer scrap, for instance), it can be sold as scrap gold. Keep in mind that extracting gold from electronics involves refining; local buyers may buy certain high-grade electronic scrap or refer you to a specialized recycler.
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Other Gold Items – Any odd gold items like gold watch cases (without the movement), gold wire, nuggets, or even medals and awards made of gold can count as scrap if sold for melt value. (Note: Gold King Bullion focuses exclusively on gold and silver. We do not purchase precious stones or non-gold items. If your jewelry has diamonds or gems, you may remove them before sale or we’ll return them to you, since our offer will be based on the gold content alone.)
The value of scrap gold is determined by its pure gold content. Gold jewelry and items are typically alloyed with other metals, so their purity is measured in karats (K). Pure gold is 24K (24 out of 24 parts gold). Common purities include 18K (75% gold), 14K (58.3% gold), and 10K (41.7% gold). For example, an 18K gold necklace is only 75% pure gold, so its scrap value is about 3/4 of the value of pure gold of that weight cbsnews.com. When you bring scrap gold to sell, the buyer will test its purity (karat) and weigh it. Only the gold portion of the item counts toward its scrap value – any non-gold parts (stones, clasps if not gold, etc.) are not included in the payout.
Understanding what qualifies as scrap gold helps set your expectations. If an item has strong sentimental or resale value as jewelry, you might get more selling it as a piece (to a jeweler or private buyer) rather than for scrap. But if it’s broken or undesirable, selling as scrap gold is often the best and easiest route to get cash. Gold King Bullion will evaluate any gold or silver item you bring in and determine if it’s bought for scrap (melt value) or as a bullion/coin product. In either case, you’ll get a fair offer based on the gold content. Our team can test even unusual items – from a tangle of old chains to that heavy gold Cuban chain you inherited – and tell you exactly what it’s worth.
How Much Is Your Scrap Gold Worth? (Purity & Price)
To calculate what your scrap gold is worth, you need to consider two main factors: the purity of the gold (karat) and the current gold price. Essentially, you’re paid for the weight of pure gold you’re selling, and that’s calculated by weight × purity × market price, minus any buyer margin or fees.
1. Current Gold Spot Price: The spot price of gold is the market price for one troy ounce of pure gold at any given moment. (A troy ounce is ~31.1 grams, the standard unit for precious metals.) This price fluctuates constantly based on global supply and demand. As Investopedia defines, “the spot price is the current market value of an asset (like gold) available for immediate delivery” investopedia.com. You can find the live gold price on financial news sites or resources like Kitco garfieldrefining.com. Gold King Bullion also provides live updates – our Buy/Sell Prices page shows current gold rates we pay for various purities. The spot price is typically quoted per ounce; we convert it to per gram or pennyweight to price jewelry. When gold prices are high (as they are now), the baseline for your scrap value is higher.
2. Gold Purity (Karat): As mentioned, the karat rating tells us what portion of an item is gold. 24K is pure gold, mostly seen in bullion coins or certain jewelry. 14K and 18K are common for jewelry – for instance, 14K is about 58.3% gold. So if you have 10 grams of 14K scrap, it contains about 5.83 grams of pure gold (10 g × 58.3%). Buyers will often do this math to figure the exact gold weight in your items. Higher karat items (22K, 18K) have more gold per gram and thus yield higher offers per weight than lower karat pieces. (Pro tip: Look for stamps like 10K, 14K, 18K on your jewelry – this gives a quick idea of purity. If unmarked or you’re unsure, our staff will test it for you.)
3. Weight of Gold: Obviously, the more your items weigh, the more total gold you have. Scrap gold is weighed in grams or pennyweights (1 pennyweight = 1.555 grams) at most jewelry and pawn scales. We use certified, calibrated scales for accuracy. Every gram of pure gold in your items will fetch a portion of the spot price. Example: If gold is $60 per gram (roughly ~$1,866/oz) and you have 10 grams of pure gold, that’s $600 in pure gold value. If those 10 grams are in 14K jewelry, remember only 58% is gold – so pure gold content ~5.8g, which at $60/g equals about $350 gross value. This is why knowing purity is key to understanding your offer.
4. Buyer’s Payout Percentage: No gold buyer can pay 100% of the spot price – they need a margin to cover refining costs and profit. Reputable gold buyers in Phoenix will pay a high percentage of the gold content’s value (often in the range of ~70% to 90% of spot, depending on item and quantity). All businesses that buy gold will offer somewhat less than spot because of these costs diamonds.pro. For small quantities of scrap gold (a few rings, etc.), expect offers a bit lower per gram than if you were selling, say, a large bar of pure gold. That said, better buyers keep margins small. At Gold King Bullion, for example, our payouts are based on current spot price minus a modest margin – we publish our prices openly and explain our calculations. According to one industry guide, businesses have expenses and refining costs, so the amount you receive will be the spot price minus the buyer’s fee diamonds.pro. Always ask what percentage of spot you’re being offered. If someone is offering only 50% of melt value, that’s very low. Many Phoenix gold buyers pay in the ~70-80% range for typical scrap, while some very competitive dealers (like Gold King) may pay closer to ~90% for larger amounts or higher-purity items. In fact, at reputable local coin shops in large metro areas, it’s reported you might get around 90–96% of melt value for gold scrap forum.kitco.com – those are top-tier rates usually for bulk or very pure items. The key is transparency: know the market price and do the math.
A calibrated scale and knowledge of the current gold price are essential for determining scrap gold value. Even small gold bars or coins are weighed and evaluated on the spot.investopedia.comcbsnews.com
Bottom line: to estimate your scrap gold’s worth, check the live gold price, determine your item’s karat (purity), and calculate the gold weight. You can use an online gold value calculator or do a quick computation: Gold Content Weight (in ounces) × Spot Price × Purity = Approximate Value. (Example: 0.25 troy oz of 14K gold × $1,950/oz × 0.583 ≈ $284.) Remember that the dealer will pay a bit less than that market value. If you want a ballpark before selling, feel free to call Gold King Bullion or use our in-house Gold Value Calculator to gauge the price. Being informed of your scrap gold’s value will empower you to get a fair deal.
Where to Sell Scrap Gold in Phoenix (Local Options)
When it comes to where to sell scrap gold, Phoenix offers several avenues – but they’re not all equal. Your main options include local gold buyers (bullion dealers), jewelry stores, pawn shops, mail-in services, or even refineries. Here we break down each, so you can decide the best route for your needs. Spoiler: We believe selling in-person to a specialized gold buyer is the optimal choice for most, combining a high payout with immediate payment.
Bullion Dealers vs. Other Buyers
Precious Metals Dealers (Bullion Buyers): A bullion dealer or coin shop that specializes in precious metals is often the best place to sell scrap gold. These businesses (like Gold King Bullion) deal with gold daily, have up-to-date pricing, and typically pay higher percentages of spot price. Because their business model is to accumulate gold and resell it into the market (or to refiners) at small margins, they tend to offer more cash per gram than other outlets goldkingbullion.com. A professional gold buyer will test your items’ purity in front of you, weigh them, and make an offer based on the current spot price minus a transparent margin. They often even post their buy rates publicly. For example, Gold King Bullion posts live spot-based prices and uses advanced XRF testing at all locations, so you know you’re getting an accurate assessment and a top-dollar offer. Specialized dealers treat a scrap gold sale as a financial transaction (valuing the raw metal) rather than a pawn sale. The result is usually more money in your pocket.
Jewelry Stores: Some jewelry stores in Phoenix will buy gold jewelry for scrap, especially higher-end stores or those that advertise “we buy gold.” A reputable jeweler can assess karat and weight, similar to a bullion dealer. However, jewelry stores might not always pay as high because their core business is selling new jewelry – they may buy scrap as a courtesy or source of metal but not as aggressively. Many jewelers only pay for the gold content and may even deduct refining fees if they send it out. It’s also common that a jeweler might offer you store credit (more than cash value) to put toward a new purchase. While that can be useful if you plan to buy something from them, it’s not cash in hand. If you go to a jewelry store, ensure they explain their pricing formula. Some might show you a high “per ounce” price on a sign, but then have hidden deductions. Always ask: “What net price per gram/ounce are you paying after any fees?” If it’s not close to the current market value for the purity, you might do better elsewhere.
Pawn Shops: Pawn shops are abundant around Phoenix, and most will buy gold items. The advantage is that pawn shops offer fast cash without much formality – you walk in with an item and walk out with money. However, pawn shops typically pay lower rates for gold. It’s not uncommon for pawn offers to be 20–30% below the spot value of the gold goldkingbullion.com. Why so low? Pawn shops deal in all kinds of merchandise and often aim for a higher profit margin due to the risk of reselling goods. They may also base offers on resale value if the item could be sold as jewelry in the shop, but for broken pieces they’ll think in melt value and usually err on the low side. If you need cash immediately and have no other options, a pawn shop will do – just understand you sacrifice some value for the convenience. It’s wise to shop around to a couple pawn brokers since offers can vary. But generally, if you can make it to a dedicated gold buyer, you’ll get more for your scrap.
Mail-In Gold Buyers (Online): You’ve probably seen the commercials and ads – “Mail us your gold in a prepaid envelope and get cash fast!” These online gold-buying services promise convenience by letting you sell from home. In practice, mail-in gold buying has drawbacks. First, it’s slower (you have to ship your items, wait for evaluation, then get paid). Second, many mail-in companies historically offered very low payouts – sometimes shockingly low, on the order of pennies on the dollar – hoping customers won’t bother to ask for their gold back. Some of the well-known mail-in services spend millions on marketing but then pay far less than local shops goldkingbullion.com. While there are reputable ones out there, hidden fees for insurance or refining can chip away at your total goldkingbullion.com. If you do consider an online buyer, research their reviews and policies carefully. In general, many sellers end up feeling more comfortable dealing face-to-face with a local buyer where they can see the process and get paid on the spot. Kathy Kristof, a personal finance expert, noted that the key is “aiming to get a price as close to the current spot price as possible” when selling, and some online platforms might not match what a savvy local buyer will pay cbsnews.comcbsnews.com. Always compare any mail-in quote with local offers – often you’ll find local dealers in Phoenix can match or beat them once you account for shipping hassles.
Refineries: What about selling directly to a gold refinery? In theory, cutting out middlemen could yield a higher price because refiners melt and purify the gold themselves. Refining companies like Garfield or others will indeed pay high for large lots of gold, and they tout that advantage garfieldrefining.com. However, many refiners only deal with businesses or require a significant amount of material. For example, Kitco (a major metals company) can refine scrap gold but only from licensed businesses – individuals cannot directly sell scrap to Kitco online.kitco.com. Some refineries do buy from the public, but often you’d need to mail your gold to them and possibly meet a minimum weight. If you have a very large quantity of scrap (say, inherited a big estate of jewelry), contacting a refinery could be worth exploring. But for most people with a few ounces or less, a local buyer is simpler. The price difference is not huge if you find a good local dealer. Think of it this way: a top refinery might pay ~95% of gold value, whereas a good local bullion buyer might pay ~85-90%. That small extra cut might be worth avoiding the headaches of shipping and dealing with a remote entity. Plus, local buyers pay you immediately and take on the work of bundling scrap off to refiners later.
In summary, local bullion dealers emerge as the best overall option for selling scrap gold in Phoenix. They combine competitive payouts, transparency, and convenience. Jewelry stores and pawn shops can work in a pinch but usually pay less. Mail-in services are risky and slow by comparison. And direct refinery sales aren’t practical for most individual sellers. It’s no surprise that when Valley residents search online for things like “sell scrap gold near me” or “cash for scrap gold Phoenix”, the businesses that appear (and have the best reviews) are local gold buyers such as Gold King Bullion goldkingbullion.com. We focus on making the experience honest and profitable for you – no gimmicks, just a fair deal.
Avoiding “Cash for Gold” Scams
When selling gold, you should also be aware of common scams or shady practices in the gold buying industry. Unfortunately, wherever money is involved, some bad actors try to take advantage. Here are a few red flags and how to avoid them:
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Bait-and-Switch Pricing: Be cautious of buyers who advertise an extremely high price per gram on signs or websites, only to significantly lower it once you’re in the store. Some less reputable places boast “Top Dollar Paid!” but then find excuses (like false purity claims or hidden fees) to pay much less. Always insist on a breakdown: what is today’s gold price and what percentage of that are you being offered for your karat gold? A trustworthy dealer will gladly show you the math goldkingbullion.com. If someone won’t reveal their calculations or tries to confuse you, walk away.
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Incorrect Karat Testing: One scam is misrepresenting the purity of your gold. For instance, a bad actor might scratch-test your 18K item and falsely claim it’s 14K to justify paying less. Never let your gold out of your sight during testing. A reputable buyer tests your items openly, right in front of you – whether by electronic tester, XRF machine, or acid tests. Gold King Bullion uses a high-tech Thermo Fisher XRF spectrometer (and yes, even the Niton DXL-800 at some locations) to instantly and accurately determine purity, and we do it with you watching. We also use certified scales for weighing. As a result, you know the karat and weight are correctly measured. Lesser shops or unlicensed hobby buyers might rely on quick acid tests and then lie about the results to cheat you goldkingbullion.com. If someone tries to take your jewelry to a back room for testing, stop them. Legitimate buyers test in plain view and explain the results.
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Hidden Fees or Melting Charges: Some gold buying operations will deduct miscellaneous fees from your payout – for example, assay fees, refining fees, or even “administrative” fees. These should be viewed skeptically. When you sell scrap gold, you’re selling based on melt value, so any cost of refining is usually factored into the offer already. Adding extra fees is not common practice among honest dealers. Always clarify if the price being quoted is what you will net or if anything will be subtracted. At Gold King, the price we quote is the price you get – no surprise fees. We base it on spot price and purity, period.
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Mail-In “Too Good to Be True” Offers: As discussed, mail-in services can be problematic. One common scam: they’ll lure you with a big initial offer online or by phone, but once they have your gold, they claim it was worth far less or that some items “weren’t gold”. They might then offer a much lower payment. You can request your gold be returned, but often they rely on you accepting the lowball offer out of frustration. Protect yourself by using trackable insured shipping if you ever mail gold, photograph your items, and only deal with well-reviewed companies. Better yet, stick to local in-person sales where you retain control.
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Unlicensed Pop-Up Buyers: Occasionally, you’ll see hotel ballroom events or parking lot buyers advertising cash for gold. Some traveling gold buyers aren’t licensed or bonded; they sweep through town, buy gold cheaply, and disappear. Similarly, be wary of any individual (not associated with a business) who wants to buy your gold “no questions asked.” Arizona has laws requiring gold buyers to ID sellers and report transactions (to help prevent theft sales), so any legitimate buyer will ask for your ID and have a permanent business location. Always prefer a licensed, established buyer with a storefront. They have accountability and a reputation to uphold. As a reference, Gold King Bullion is accredited and even recognized by the Phoenix Chamber of Commerce as a premier precious metal dealer goldkingbullion.com. Trust the companies with a long local track record.
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Cash-for-Gold Mail Schemes: Avoid those infamous “gold parties” or envelopes from TV ads that we discussed. The convenience isn’t worth the massive cut they take goldkingbullion.com. Some infomercial buyers were exposed for paying only 10-20% of an item’s true value. By selling locally, you easily avoid this trap.
The good news is, by choosing a reputable Phoenix gold buyer and being a little informed, you’ll easily steer clear of scams. Stick with established gold dealers in Phoenix (those with strong reviews and transparent practices). Do a quick Google and Yelp check on the business name – you’ll quickly see who has good feedback. The Arizona Department of Weights and Measures also certifies scales, and you should see a current certification on the buyer’s scale. Gold King Bullion, for example, prides itself on transparency and has earned the trust of thousands of Arizona customers through honest dealings. We encourage you to compare and ask questions – an ethical buyer will welcome that. As the saying goes, if something feels off, it probably is. Trust your instincts and only sell when you’re comfortable that you’re getting a fair deal.
Phoenix Metro Locations – Sell Scrap Gold Near You
One of Gold King Bullion’s strengths is our convenience – we have 10 locations valley-wide to serve customers across the Phoenix metro area goldkingbullion.com. You don’t have to drive far or ship your gold off to unknown places; there’s likely a Gold King partner store right in your community where you can safely sell your scrap gold for cash. We operate through partnerships with established local pawn and bullion shops in each area, ensuring professional service backed by Gold King’s pricing and standards. Here’s a look at our locations and the areas we serve:
Phoenix
Phoenix is well-covered with two Gold King Bullion partner locations within the city. Whether you’re in North Phoenix, Central, or South Phoenix, we have you covered. Our North Phoenix location (near 19th Ave and Peoria Ave) has been serving customers for over 25 years goldkingbullion.com and is convenient for those coming from Glendale or Peoria (it’s right by those community boundaries). Another partner shop in Southwest Phoenix (near 27th Ave and Van Buren) has been buying gold since 1985 goldkingbullion.com – a long-running location trusted by the community. In Phoenix proper, competition among gold buyers is high, but Gold King Bullion stands out by offering top payouts based on spot price and a sterling reputation. Many gold dealers in Phoenix and its suburbs exist goldkingbullion.com, but remember not all specialize in scrap gold or have advanced testing. At our Phoenix shops, we use the Thermo Fisher XRF analyzer and licensed scales to evaluate your scrap gold accurately and in your presence. Phoenix customers appreciate that they can walk in any day of the week (yes, we’re open 7 days) and get a transparent quote, whether they want to sell scrap gold jewelry or large bullion items. No appointment needed – just stop by with your ID and gold to turn it into cash on the spot.
Scottsdale
In Scottsdale, Gold King Bullion is partnered with a top-rated shop in North Scottsdale (located on N. Scottsdale Rd near Shea Blvd). This Scottsdale location is perfectly situated for residents of Scottsdale, Paradise Valley, and North Phoenix/Desert Ridge areas. Scottsdale is known as one of Arizona’s wealthiest cities goldkingbullion.com, and indeed many residents have gold jewelry, luxury watches, and coins they might sell or upgrade. Our Scottsdale partner store fits right in – you’ll find a clean, upscale environment with a friendly and knowledgeable staff goldkingbullion.com. They deal in everything from scrap gold jewelry to high-end bullion and even luxury items (though remember, we only purchase the gold/silver content). If you’re in Scottsdale wondering “where to sell scrap gold near me,” look no further. You’ll get the same fair pricing based on live gold markets and can be confident in the testing process. Scottsdale customers often comment on the professional, no-pressure experience – we invite you to drop by and see for yourself. Whether it’s an old bracelet or a stack of gold American Eagles, we offer Scottsdale’s best combination of honesty, price, and convenience.
Mesa
Mesa, the heart of the East Valley, actually boasts three Gold King Bullion partner locations. Considering Mesa’s size and growth, we’ve ensured coverage in multiple parts of the city. One shop is located near Alma School Rd and 8th Ave (by Fiesta Mall) goldkingbullion.com, another (our largest Mesa partner) is at Stapley Rd and Main St goldkingbullion.com, and a third is in East Mesa on Broadway Rd in the Temple Historic District goldkingbullion.com. Each Mesa location is well-established – for instance, the Stapley/Main store is one of the biggest pawn and gold shops in Mesa, known for its wide variety and high volume of jewelry transactions goldkingbullion.com. Mesa residents can sell scrap gold at any of these stores and expect consistent Gold King Bullion pricing. We’ve trained our Mesa partners in our testing and buying procedures, so you get expert appraisal and top dollar whether you visit west Mesa or east. We know Mesa continues to expand and attract new families and retirees alike goldkingbullion.com. If you’ve got inherited jewelry you don’t need, or you’re an East Valley coin collector cashing out some holdings, our Mesa teams are ready to help. They operate every day (check specific hours per location) and can evaluate everything from small karat gold pieces to large silver or gold coin collections. Having three Mesa stores means you rarely have to drive more than 10 minutes in town to find a Gold King buyer. It’s all about making it fast and easy to sell your gold.
Tempe
Our Tempe location is a popular choice, especially for the younger crowd and academics around Arizona State University. Situated near Broadway Rd and Rural Rd goldkingbullion.com, our Tempe partner shop is the premier precious metal buyer in the area. Tempe residents or students often drop by to sell unwanted gold jewelry (class rings, anyone?) for quick cash. One special feature: this shop is equipped with a Niton DXL-800 electronic gold tester, offering high-tech XRF spectrometry to verify gold purity with pinpoint accuracy. If you’re near campus and search for “sell scrap gold Tempe,” you’ll likely find our store, which promises a cash offer based on the day’s spot price goldkingbullion.com. We love educating first-time sellers here – if you’re new to selling gold, our Tempe staff will walk you through the process and even show you the XRF results on-screen. It’s a transparent, educational experience. Tempe’s location also buys a lot of silver and bullion, given the diverse clientele, so if you have silver jewelry or coins to sell along with gold, bring them in. In a college town known for its activity, we’ve made sure our Tempe shop stands out as a trusted, fair place to sell gold for cash (as opposed to some sketchy off-campus “cash for gold” flyers). Come in with your gold and a valid ID, and leave with a smile and money in your pocket.
Chandler
In the city of Chandler, Gold King Bullion has partnered with a highly regarded local pawn & gold buyer located on Arizona Ave just south of Warner Rd goldkingbullion.comgoldkingbullion.com. Chandler’s store provides a calm, professional setting – many customers mention the friendly greeting and comfortable service they receive goldkingbullion.com. Chandler is a thriving East Valley community, and we’ve made sure our presence here keeps up with its vibe. Whether you’re a long-time resident or new to the area, if you have scrap gold to sell (old wedding bands, broken chains, etc.), our Chandler location offers competitive Phoenix-level payouts with hometown service. Given Chandler’s mix of tech industry professionals and families, we see everything from scrap gold jewelry to gold coins coming through the door. Our staff will test and weigh your items on the spot, explain the offer, and pay in cash or check immediately – no need to wait. The convenience of not having to drive into Phoenix is a big plus for Chandler folks. We’re effectively bringing the Phoenix gold market to your neighborhood, with the same spot-price-based quotes. So skip listing items online or meeting strangers; you can convert your gold to cash safely in Chandler with a quick visit to Gold King Bullion’s partner store.
Avondale (West Valley)
West Valley residents can sell scrap gold without trekking across town, thanks to our Avondale partner location. Situated on N. Dysart Rd (just north of E. Brinker Dr in Avondale) goldkingbullion.com, this store is one of the few seasoned bullion dealers on Phoenix’s west side. It has experience dealing in commodities and turning them into cash 7 days a week goldkingbullion.com. Avondale, Goodyear, Litchfield Park, even Buckeye sellers come here for convenience. A great aspect of our West Valley spot: it’s also equipped with an XRF gold tester (Thermo Fisher/Niton) for precise analysis. We know West Valley customers have sometimes been under-served, with fewer specialized gold buyers out this way – that’s why this partner was carefully chosen. They uphold Gold King’s standards and offer the same high payouts for scrap gold based on current market value. If you live in Avondale or nearby, save yourself the drive to central Phoenix and check this place out. Walk-ins are welcome, and you’ll be greeted with a friendly face and professional service goldkingbullion.com. Selling gold can actually be a pleasant errand when you’re dealing with knowledgeable staff who genuinely understand the gold market. From Avondale to all of the West Valley, this Gold King Bullion location ensures you have a trustworthy buyer nearby.
Glendale & Peoria
We frequently get inquiries from folks in Glendale and Peoria asking, “Where can I sell scrap gold near me?” While we don’t have a standalone Gold King storefront inside Glendale or Peoria city limits, our North Phoenix partner location effectively serves these areas. Located at 19th Ave just south of Peoria Avenue (which is right on the border of Glendale/Phoenix), that store is only a short drive for most in northern Glendale or Peoria. In fact, many Glendale and Peoria customers consider it their local gold shop. This location has knowledgeable staff (with decades of experience) who understand the needs of NW Valley communities. Additionally, our Scottsdale and Phoenix locations are accessible from parts of Peoria/Glendale as well. The key point is that Gold King Bullion’s network covers Glendale and Peoria customers – you won’t be left out. Just use our “10 Locations Valley Wide” page to find the nearest store; you’ll see that one of Phoenix or Scottsdale sites is likely your best bet. And rest assured, when you arrive, you’ll get the same top-notch service. Glendale is a vibrant city with lots of longtime residents – if you have inherited gold jewelry, old coins, or even a collection of silverware to sell, bring it on by. Peoria too, with its mix of established neighborhoods and new growth, has many potential gold sellers. Don’t let your unused gold items sit around; you have a trusted gold buyer practically next door. Our convenient locations and valley-wide reach are why Gold King Bullion is often called the best place to sell gold in Phoenix and all its suburbs.
(Tip: Not sure which location is closest? Use our site’s Find a store near you tool or give us a call. With 10 locations across Phoenix, Mesa, Tempe, Scottsdale, Chandler, Avondale, etc., there’s bound to be one near by. We want the process of selling your scrap gold to be easy from start to finish, and that starts with a short drive instead of a cross-town haul.)
How to Sell Scrap Gold for the Best Price (Step-by-Step)
Now that you know the what and where, let’s talk about how. Selling scrap gold is straightforward, but following some best practices will ensure you get the most money with the least hassle. Here’s a step-by-step guide to selling your scrap gold in Phoenix, along with insider tips from our experts:
Step 1: Gather Your Gold Items – Start by collecting all the gold pieces you’re thinking of selling. Check your jewelry box for broken chains, old rings, that single earring whose mate you lost years ago, gold watch cases, dental gold, coins – wherever you might have gold hiding. Don’t overlook scrap items like a tangled necklace or bent bracelet; they all have value by weight. Even items that you’re not sure are gold can be tested (if something looks like gold but isn’t stamped, bring it in anyway – we can verify if it’s real or costume). It’s helpful to separate obvious gold from any clearly fake costume jewelry to save time. Pro tip: If an item is magnetic, it’s not gold (gold is not magnetic). But non-magnetic doesn’t guarantee gold – it could be brass, etc., so testing is key.
Step 2: Identify Karats (If Possible) – Look closely at your jewelry for tiny stamped numbers or marks. Common stamps include 10K, 14K, 18K, 22K, or 24K, which indicate karat purity. You might also see markings like “417” (which means 41.7% gold = 10K), “585” (58.5% = 14K), “750” (75% = 18K), etc. Separate your items by karat if you can. This makes it easier when getting quotes because higher karat groups can be weighed together. If you have any pieces stamped “GF” (gold-filled) or “GP” (gold-plated), set those aside – gold-filled/plated items have very low gold content and usually aren’t bought for melt (or are bought at a tiny fraction of the price). The purity directly affects the price, so knowing it upfront is useful. Don’t worry if you can’t decipher a mark; at Gold King, we’re happy to do a quick evaluation and sort karats for you. We’ve even had customers bring in a pile of mystery jewelry from estate sales – we sort out what’s gold and what’s not using our testers.
Step 3: Check the Current Gold Price – Knowledge is power. Before you go to sell, take a minute to check the current spot price of gold (per ounce or gram). You can use sources like Kitco.com for real-time prices garfieldrefining.com or even look at our Gold Prices page which shows live market rates. This will give you a ballpark idea of what pure gold is worth today. For example, if gold is $1,980 per ounce, that’s about $63.66 per gram (since 31.1 g = 1 ozt). Having this reference, you’ll better understand the offers you receive. If a buyer offers you $20 per gram for 14K gold and gold is $60 per gram pure, you can quickly tell that $20 is only ~50% of spot for the pure gold content (since 14K is 58% pure, pure gold in 1g of 14K is worth ~$37 at spot, and they’re giving $20 – about 54%). You’d know that’s a lowball offer. Ideally, you want offers that are a significant percentage of spot. Knowing the market also prevents anyone from fooling you about “today’s price is low” if it’s not. Prices do change daily, even hourly, but they generally won’t crash or spike wildly in a day without news – a quick check on a site like Investopedia or WSJ for gold price will confirm the trend cbsnews.com.
Step 4: Shop Around (if needed) – It’s okay to get quotes from more than one buyer. In fact, it’s a smart idea if you have time. Phoenix is a large market with many gold buyers, so you can call or visit a couple to see who offers the best deal. However, ensure you’re comparing apples to apples: same day, same karat, and that you’re disclosing the correct info to each (or letting them test). One place might weigh your item and say “We’ll pay $300”, another might say “We pay 80% of spot, which is $320 for these items.” Don’t be shy to mention what others offered; a reputable buyer like us will give you an honest assessment if we can beat it or explain why our offer is fair. Be cautious not to let someone’s hard sell pressure you into parting with your gold until you’re comfortable. At Gold King Bullion, we’re confident in our prices – we often match or beat competitors, and we publish our rates. Many sellers end up choosing us after checking around because they appreciate transparency over a vague promise of “highest payout.”
Step 5: Visit the Gold Buyer (In-Person Transaction) – Once you’ve chosen where to sell (hopefully a trusted place like Gold King Bullion!), bring your gold items to the store. Remember to bring a valid government-issued ID (driver’s license, etc.) – Arizona law requires gold buyers to record sellers’ identification for any precious metal transaction to help prevent theft and fraud. (For very large sales, businesses also may need additional info or to fill out IRS forms if over certain dollar amounts, but that’s generally at higher thresholds.) Upon arrival, a staff member will take a look at your items. Here’s what happens at Gold King: we’ll sort and test the gold – this could involve using our XRF spectrometer gun to non-destructively scan the metal and instantly read its karat content. We may also do a quick acid scratch test for verification on karat marks. We’ll separate the pieces by purity (e.g., all 14K in one pile, 18K in another). Then we weigh each group on our certified scale, right in front of you. We usually weigh in grams (most jewelry is small enough that grams are fine; for heavier bullion we might use troy ounces). We might even show you the weight reading.
Step 6: Receive the Offer and Explanation – After determining the weight of each purity, we calculate the price based on the current gold market. For example, suppose you have 10 grams of 14K and 5 grams of 18K. We know 14K is ~58% gold, 18K is 75% gold. We multiply weight × purity × spot price, then apply our buying percentage. We’ll then tell you something like, “For your 14K items, we can offer $X, and for the 18K ones $Y, so total $Z.” At Gold King, we’ll gladly break down the math if you’re curious – our philosophy is that an educated seller is our best customer. You can literally watch us compute it or see our posted price per gram for each karat that day (we often have a board or sheet with these). This level of transparency is something we pride ourselves on. Reputable dealers base payouts on current spot minus a small margin goldkingbullion.com, and we stick to that model. If you have any pieces that we don’t buy (e.g., gold-plated fashion jewelry), we’ll hand those back and explain why they have no gold value.
At this stage, feel free to ask questions. If you expected more, ask how the price was arrived at – maybe you overestimated the purity or weight, and we can show you the reasoning. Or if you got a higher quote elsewhere, let us know; if it’s a bona fide offer, we often either match it or explain the difference (e.g., perhaps the other place didn’t disclose fees). Our goal is you feel good about the transaction.
Step 7: Accepting the Offer (or Not) – If you’re happy with the offer, you’ll proceed to complete the sale. The staff will have you provide ID (if not already) and usually thumbprint a seller form (again, a legal precaution in many states including AZ for selling precious metals – it’s normal). You will sign that you are the legal owner of the items being sold. Then we pay you on the spot, in cash or by check. The choice is often yours; for larger amounts some people prefer a check for safety, for smaller amounts cash is handy. At Gold King, we can do either – just let us know your preference. You walk out with your payment immediately. No waiting period (pawn loans have a hold but direct buyouts do not in many cases), no bank transfers delays, etc.
If for some reason you decide not to accept the offer, that’s okay too. A good buyer will return your items politely and without hassle. Perhaps you change your mind or want to try selling as a piece rather than scrap. You should never feel forced to sell. We maintain a no-pressure environment goldkingbullion.com – our staff’s job is to evaluate and offer, not strong-arm you. Of course, we strive to offer the best so that you do choose to sell to us, but the decision is always yours until the moment you take payment.
Step 8: You Get Paid – This is the best part! You walk out with money for your scrap gold. Many customers are pleasantly surprised at how much that old jewelry was worth. It can be hundreds or even thousands of dollars richer in minutes. Think about what you might do with that cash: pay off bills, fund a trip, invest in something new, or even put it towards buying pure bullion or a new piece of jewelry that you actually love. (By the way, if you happen to be in the market for buying gold in Phoenix after selling, Gold King can help there too – check out our guide on how to buy gold in Phoenix if you’re interested in reinvesting into coins or bars.)
Step 9: Optional – Follow Up and Reviews – We love to hear feedback. If you had a great experience selling your gold scrap with us, consider leaving a review on Google or telling friends. Word-of-mouth is huge in a community-driven place like Phoenix. It also helps other people know where to go (and whom to avoid). Our business thrives on trust, so we aim to earn 5-star experiences. If anything could have been better, let us know that too – we’re always improving. As an educated seller now, you can feel confident returning whenever you have more gold or silver to sell. Keep an eye on gold prices; some people time the market and sell a little when prices spike, or they sell in phases. We’ll be here with consistent service whenever you need us.
By following these steps, you ensure you’re not leaving money on the table and that the process is smooth. Selling scrap gold should be simple, transparent, and rewarding. At Gold King Bullion, we do everything we can to make it so – from posting clear prices to using advanced testing methods and encouraging spot-price awareness goldkingbullion.com among our clients. When you combine an informed seller and an honest buyer, you get a win-win transaction.
Why Sell to Gold King Bullion? (Trusted Phoenix Gold Buyer)
You have many choices of gold buyers, but Gold King Bullion aims to be the best place to sell scrap gold in Phoenix – and our customers’ satisfaction and reviews reflect that. Here are a few reasons why selling your gold to us is a decision you won’t regret:
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Top Payouts Based on Live Market Rates: We pay some of the highest prices for scrap gold in the Valley. Our payouts are tethered to the live spot price (which we update continuously) with only a minimal margin to cover our costs. In fact, the rates you see on our Buy/Sell Prices page are exactly what we use in store. We don’t lure you with false promises – we deliver real value. Many competitors advertise high, then deduct; we show you the math upfront goldkingbullion.com. Our philosophy is that an informed seller will choose the fairest deal, and we strive to be that deal. Simply put: you get more cash for your gold with us.
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Transparency and Honesty: From testing to weighing to pricing, everything is done openly. We test your gold on-site and in front of you – whether using our state-of-the-art XRF spectrometers or traditional methods. You’ll see the karat results and weight readings yourself. As mentioned earlier, we happily explain our pricing (e.g. “gold is $X per gram today, you have Y grams of 14K which is Z grams pure, and we pay roughly % of that, totaling $_”). This level of openness is not universal among gold buyers, but it’s the standard at Gold King. It’s why we’ve built nearly two decades of trust with Arizona customers goldkingbullion.com. We also adhere strictly to all regulations – recording transactions properly, providing receipts – so you can feel secure.
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Advanced Equipment – XRF Gold Testing: We invested in the Thermo Fisher Niton XRF analyzers (an electronic gold tester) and have them deployed at key locations. For example, our Tempe and West Valley (Avondale) locations offer spectrometry analysis that can determine an item’s precise elemental makeup in seconds goldkingbullion.com. This means no guesswork about your item’s purity – even if it’s an unusual alloy or not clearly stamped, we will know exactly what it’s made of. XRF is non-destructive (no scratching or acids on your jewelry) and highly accurate. Not all gold buyers have such equipment – some rely on touchstone acid tests which are fine but not as precise. Our commitment to using the best tools reflects in the accuracy of our appraisals. When we say it’s 18K, it’s truly 18K. This protects you from any accidental under-valuation. Accuracy is crucial in the precious metals market goldkingbullion.com, and we spare no expense to get it right.
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Licensed, Professional Service: Each Gold King Bullion partner store is a properly licensed precious metals dealer in Arizona. Our staff are trained professionals who know the gold business inside and out. But beyond expertise, we emphasize courtesy and integrity. You’ll be treated with respect regardless of whether you’re selling a small gold chain or a bag of coins. We understand selling personal items can sometimes be sensitive; our team never judges – our role is to help you convert assets to cash in a comfortable, confidential setting. We also abide by all laws (ID checks, etc.) which protects you as well. Our scale calibrations are up-to-date and inspected by state officials, so you never have to worry about inaccurate weights.
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No Pressure, No Gimmicks: Selling your gold should not feel like a high-pressure sales situation. Our buyers will give you an offer, answer questions, and leave the decision to you. We do not pressure anyone to sell. If you want to think it over or get other quotes, that’s completely fine. This no-pressure policy has earned us many referrals – people appreciate an honest approach. Additionally, we don’t play games with coupons or “new customer only” rates that some places do. Every customer, new or returning, gets our best offer the first time. We’d rather have your trust and repeat business than make a quick buck off you. As our motto goes, “built on honesty, expert guidance, and real value” goldkingbullion.com – we mean it.
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Local and Established: We’re locally owned and operated, not a faceless national chain goldkingbullion.com. When you deal with Gold King Bullion, you’re dealing with a business that is deeply rooted in Arizona’s community. We’ve been in the Valley for almost 20 years, through the highs and lows of gold markets. We’re not disappearing if gold prices drop or when the next trend comes – we’re here for the long haul. This also means we care about our reputation in Phoenix, Scottsdale, Mesa, and all the communities we serve. Our name Gold King Bullion stands for quality service in AZ. We encourage you to check our customer reviews and testimonials. You’ll find consistent praise for fair prices and friendly service – that’s our legacy and we work hard to keep it that way.
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Convenience and Flexibility: With 10 valley-wide locations and extended hours, we make it convenient to do business. We know your time is valuable. You can often be in and out in under 15 minutes with cash in hand (depending on how many items you have). We are open 7 days a week, because we understand that weekdays may be busy for you. Need to sell gold on a Sunday afternoon? We’re open. Additionally, if you have a lot of items or an unusual situation (say, liquidating an estate of jewelry), give us a heads up – we can arrange for a comfortable appraisal session, even potentially a private appointment if needed. Our goal is to accommodate your needs so that selling your scrap gold is as easy as possible.
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Comprehensive Services: Gold King Bullion is not just a gold buyer; we’re a full-service precious metals dealer. Many customers who come to sell scrap gold end up coming back to buy gold or silver from us later (especially if they caught the precious metals investing bug or want to trade scrap for bullion). We have a range of gold and silver bullion products for sale (coins, bars, etc.) at competitive prices. We also provide resources like guides and market info (check our About Us and blog articles). If you’re curious about the gold market or have questions about, say, selling versus pawning or how to test gold at home, our staff is happy to share knowledge. We see every interaction as a chance to build a long-term relationship. Maybe today you sell a little scrap; tomorrow you might buy a gold coin from us, or refer a friend who wants to do the same. We want to be your trusted gold and silver resource for years to come.
In short, we combine the best payouts, expertise, and customer service in one package. That’s the Gold King difference. When you walk into one of our locations, you’re not just another transaction – you’re a valued client who we hope will be a returning customer. We truly appreciate that you’re considering trusting us with your precious items. Our promise is to honor that trust by giving you the fairest deal and a great experience. This commitment has made Gold King Bullion a leading name in Arizona for buying and selling precious metals.
Still on the fence? Feel free to drop by just to get a quote or ask questions. Or contact us through our website or phone – no obligation. We believe once you see how we do business, you’ll choose us for your scrap gold selling needs. Selling gold shouldn’t be complicated or nerve-wracking. With Gold King, it’s straightforward and secure – exactly how it should be.
Frequently Asked Questions on Selling Scrap Gold
Q: What gold items will Gold King Bullion buy?
A: We purchase almost any item that contains gold or silver. For gold, this includes all karat jewelry (rings, necklaces, bracelets, earrings – even broken or tangled), coins and bullion bars, dental gold, gold nuggets, gold medals, etc. We also buy silver items like sterling jewelry, silver coins, and bullion. The key is the item must have recoverable precious metal. We do not buy costume jewelry or gold-plated base metal (as it has negligible gold). We also don’t deal in gemstones or non-precious-metal watches – if those are attached to your gold item, we can remove and return them to you. In short, if you’re not sure, bring it in and we’ll test it. You might be surprised what turns out to be real gold!
Q: How do I know I’m getting a fair price for my scrap gold?
A: A fair price means you’re getting a competitive percentage of the current market value for the gold content you have. To ensure this, educate yourself on the basics: know the day’s gold spot price (we can show you), know your item’s karat (we’ll determine that), and see how the offer compares. At Gold King, we remove the guesswork by openly showing our pricing formula. We encourage you to compare – our offers are among the highest because we operate on low margins, making it up in volume. Also, check reviews or ratings of gold buyers: an honest dealer with happy customers is less likely to lowball. We take pride that our clients feel confident in the fairness of our deals – many have said “I checked around and Gold King paid the most”. Finally, remember that a fair price for scrap is typically not 100% of spot (no one can pay that and stay in business), but it should be reasonably close after accounting for purity (e.g., 70-90% of melt value depending on item). If someone is offering you very little, that’s not fair – get a second opinion.
Q: Is it better to sell gold as jewelry (for resale) or as scrap?
A: It depends on the item and whether it has resale value above its gold content. If you have a designer or antique piece that could be resold to another consumer or put in a showcase (and you’re willing to find that buyer or dealer), you might get more than melt value. However, the process can be time-consuming – you’d need to find a jewelry buyer or go through consignment. Many used jewelry pieces (especially if outdated, worn, or generic) won’t fetch significantly more than scrap value. Gold buyers like us pay for the metal content because we typically melt it down or resell to refiners. Jewelers sometimes pay a bit more for nice condition items they can resell, but often they still pay near scrap and then mark it up for retail. If you’re looking for the fastest, surest sale, selling for scrap is straightforward. If you suspect your jewelry is worth a premium (maybe it has a big diamond or is from a high-end brand), you could have it appraised or check with a jeweler. Just note that, for example, if we buy a gold ring with a diamond, we pay for the gold only (we’d hand the diamond back or not factor it). A jeweler might pay for the diamond too if it’s quality, so in that scenario selling to a jeweler or private buyer for the piece as a whole could yield more. For most broken or common jewelry, scrap is the way to go – it’s quick and likely the difference in payout isn’t huge compared to the effort of selling as a used jewelry piece.
Q: Do you buy platinum or other precious metals?
A: We sure do. While this guide focuses on gold (and silver to some extent), Gold King Bullion also purchases platinum and palladium items. Many jewelry pieces can be platinum (often marked “Plat” or “950”) and we’ll buy those based on platinum’s spot price (which is different from gold’s price). We also buy platinum coins (like Platinum Eagles) or bars. Palladium is less common but we’re interested if you have it in coin or bar form. We do not buy base metals or non-precious metals. If you have something like a platinum ring with a diamond, again we’d focus on the metal (platinum) and suggest you remove the diamond or we return it to you after scrapping the metal. Additionally, we purchase silver scrap – such as sterling silver flatware sets, tea sets, or jewelry – by weight for melt. So if you’re cleaning out items and have other precious metal pieces, bring them along too! We are a one-stop shop for precious metals buying.
Q: Can I sell gold coins or bullion at your locations?
A: Absolutely. We specialize not just in scrap jewelry but also in coins, bars, and bullion. If you have gold coins (U.S. Eagles, Canadian Maple Leafs, South African Krugerrands, etc.) or gold bars from mints, we will buy them. Typically, pure gold coins (22K or 24K) will fetch around the current spot price (sometimes a bit below or above depending on the coin’s market). Unlike scrap gold, bullion often has less of a discount because it’s already pure and ready to resell to investors. We often pay very competitively for gold and silver bullion – in some cases, near 95% or more of spot, or even at spot for very in-demand pieces. Note: If a coin has collector (numismatic) value significantly above its gold value, we might assess it differently or advise you if it’s something rare. But for common bullion coins, expect an offer close to melt value. This is much better than what a pawn shop would do for coins (they often pay only for gold content and don’t account for coin premiums). We also post our buy prices for popular coins on our site (see Buy/Sell Prices). So yes, bring in those coins and bars – you’ll get a fair deal. And as always, bring ID (for large sales, >$10k, we may need a social or EIN for IRS 8300 form compliance – just a standard requirement when selling a lot of bullion).
Q: Will selling my gold be reported or taxed?
A: This is a common concern. When you sell scrap gold or personal jewelry, in most cases it is considered a private personal sale. There is no sales tax on selling your gold to a dealer; and we do not automatically report transactions to the IRS unless they exceed certain thresholds or fall under specific categories that require it. For instance, cash payments over $10,000 (aggregate) may trigger a federal cash transaction report (CTR) for anti-money laundering purposes – this is just a form verifying the transaction, not a tax event. Also, if you sell certain amounts of specific coins or bars in one transaction, it could trigger a 1099-B form from the dealer to the IRS (this is more for investment bullion sales; for example, 25+ $1,000 face of 90% silver or 1kg gold bar sales). Typical scrap jewelry sales generally do not require a 1099 form. That said, if you are selling gold at a profit (say you bought it and it went up in value), technically that’s a capital gain which should be reported on your taxes. Many people selling inherited or old jewelry won’t owe taxes because either it’s personal property sold at a loss (or unchanged value) or under exemptions. Gold King Bullion is not obligated to report your jewelry sales to IRS beyond the mentioned scenarios. We do keep records as required by law (for law enforcement, etc.), which are not public. If you have a unique tax situation, it’s best to consult a tax professional. But for the average person selling some old gold, there’s usually no tax paperwork involved on our end. Rest assured, we respect your privacy. Transactions are confidential between us and you, and any reporting we do for legal reasons is handled securely.
Q: What if I change my mind after selling?
A: Generally, once the sale is completed and you’ve been paid, the transaction is final. We send items off to processing pretty quickly (sometimes same-day to our vault or refiner), so we may not have them available to return. That’s why we ensure you’re certain before you sign off and take payment. In pawn transactions (loans), you have a grace period to reclaim items, but in a straight sale, you do not. However, if you have seller’s remorse and it’s very soon after, contact us and we’ll see what can be done. If the gold hasn’t been melted or sold onward, we might be able to work something out (you’d need to return the exact amount paid, of course). But this is case-by-case and not guaranteed. Thus, we encourage thoughtful consideration before selling. Once you sell gold for scrap, assume it’s gone for good – because it likely will be melted and recycled. The positive flip side: once you have that cash, it’s yours for good too! You can always use it to buy new jewelry or bullion in the future if you wish.
Q: Do you offer trade-in or can I buy gold from you with the proceeds?
A: Yes! Many customers sell us scrap gold and then immediately use the proceeds (or part of them) to buy investment-grade gold or silver from us. For example, you might sell some old 14K jewelry and use the money to purchase a 1 oz gold coin or a few silver bars. We can certainly facilitate that in one visit. In essence, you’d be doing two transactions: selling your items for cash, then buying whatever product you want at our posted prices. Sometimes we can even offer a better deal if it’s a same-time trade scenario (for instance, waiving a small part of the premium on what you buy) – ask us about current promotions. We have a diverse inventory of bullion coins (like Gold Eagles, Buffaloes, Maples), bars of various sizes, as well as silver coins and bars. If you’re cashing out scrap gold but still want to keep your assets in precious metals (just in a more liquid form), this is a great strategy. Think of it like upgrading the form of your wealth. Check our article on Buy Gold in Phoenix for a deeper dive into purchasing bullion. We’re happy to be your dealer on both sides of the transaction!
Have other questions? Feel free to reach out to us via phone or through the About Us page. We’re here to help demystify the process of selling gold.
Ready to Sell? Turn Your Scrap Gold into Cash Today
Selling scrap gold in Phoenix has never been easier or more rewarding. Whether you have a handful of old jewelry or a heavier stash of gold scrap, Gold King Bullion offers a seamless, secure way to get paid top dollar. We hope this guide has empowered you with knowledge – from understanding scrap gold value to choosing the right buyer – so you can move forward with confidence. Our goal is not just to make a one-time transaction, but to earn your trust as a valued client for the long run.
If you’re ready to sell scrap gold, here’s a quick recap of why Gold King Bullion should be your first stop: we pay highly competitive prices based on real-time market rates, we provide transparent testing and pricing, and we have convenient local stores across the Phoenix metro area (Phoenix, Scottsdale, Mesa, Tempe, Chandler, Avondale, Glendale, Peoria). There’s no need to search endlessly for “sell gold scrap near me” and worry about who’s reliable – Gold King is a proven, established option goldkingbullion.com with nearly 20 years in Arizona. We operate 7 days a week, so turning your gold into cash can happen on your schedule.
Take the next step: Gather up those items you no longer need and bring them to your nearest Gold King Bullion location. Our friendly staff will offer a free evaluation and quote – you’re under no obligation until you’re ready to sell. If you need guidance on finding us, check our locations page or give us a call. And if you’re outside the listed areas, still get in touch – with our network of stores and partners, we might be able to assist or advise you.
Don’t let valuable gold gather dust in a drawer. The market is strong, the selling process is simple, and the payoff can be significant. Turn that “junk” jewelry or scrap into useful money with a transaction that’s quick, safe, and satisfying. Gold King Bullion is here to ensure you get every penny you deserve for your gold – with no gimmicks and no worries goldkingbullion.com.
Ready to make a deal? Visit us today and experience why Arizonans consistently choose Gold King when it comes time to sell scrap gold. We look forward to serving you and giving you the best gold-selling experience in Phoenix!
Sell your scrap gold with confidence at Gold King Bullion – Phoenix’s trusted gold buyer where honest service and top payouts are guaranteed. goldkingbullion.com