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Multiply the complete number of pennies by 1.5 and this will give you an approximate excess weight of what is the best gold to buy your Gold weighs. The next factor you will require to do is to discover the present activity price of Gold. Prices are quoted in ounces. Divide that price by 20 to give you the pennyweight. Bear in thoughts that this is the price of pure trade gold or 24karat historic gold price. Each piece making up your scrap precious gold should have the quantity of karats marked on it somewhere.
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