I believe all gold jewelry is considered scrap metal... the labor which went into the piece is not the price you'll get in any situation with a dealer. I believe it's weighed and its cash worth will coincide with the current spot price
I believe they buy gold only to melt it down. I dont think they do trades. If I remember correctly the guy offered me less than the total calcualted amount. He added about $240 on a notepad and offered me like $150ish. I said if be happier with $200 and he handed it right over. He probably would have gave me the full $240 If I had asked. Hope this helps.
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