If you have any scrap gold or broken jewelry that you want to get rid of, this is a very good time to sell gold, thanks to the high increase in prices. The economic crisis made the gold price double in just a few years. If you don’t know how much to ask in exchange for your scrap gold, keep reading and you will find out what the scrap gold prices can be determined.

Scrap gold prices are actually the smallest value for which you can see your gold. This is the actual gold value and it doesn’t take into account other factors which might make your jewelry more valuable otherwise. Gold items and jewelry have a certain amount of work put into them, which have the potential to drive the price up, even higher than what the gold is worth based on its weight alone.

One of the things which can drive the price up, above the scrap gold prices, is the workmanship which goes into a piece of jewelry. While you might not get the same price as you would pay in a jewelry store, a good piece of jewelry can still be worth more than the scrap gold prices indicate. Besides the work which goes into jewelry, other factors which can drive the price up include thing like the mark of the maker (if he’s well known), its history or age itself. Obviously if it belonged to a royal house it might be worth more to someone than the weight in gold might indicate. If the jewelry has precious stones installed, you might want to sell them to a different dealer, separate from the value of the gold. Consider all the things which will influence the price of a piece of jewelry before making a final decision.