Scrap Gold Fundraiser
Can your group benefit from a financial windfall? How much do you need? How would you use it? Let’s talk about what a scrap gold fundraiser can do for your organization.
Organizations need money. This includes local churches, schools, clubs, teams and other non-profits. Extra funds could be used to cover operating costs or finance a special purchase or project.
Whatever the purpose, fundraising can help your organization meet its financial goals. Does your group need money? Contact Midlands Gold for help with your cash for gold fundraiser.
Table of Contents
What is Scrap Gold?
“Scrap gold” is a general term for jewelry (mostly) that is damaged or unwanted. Common examples of scrap jewelry are broken necklaces, out of fashion charm bracelets and old high school rings. Lots of people have some scrap gold, because jewelry breaks, and styles and preferences change.
Basically, the term “scrap gold” is shorthand. It doesn’t necessarily exclude platinum and silver jewelry; we buy all of these precious metals. “Scrap” simply means the jewelry is broken, unused or unwanted. We say “gold”, because gold is the classic jewelry metal.
What is a Scrap Gold Fundraiser?
Scrap gold fundraisers are called “cash for gold fundraisers” and “gold buying fundraisers” too. They’re simple to set up and easy to run. Additionally, they can provide significant monetary assistance to your organization. It’s one of the best fundraising ideas for important reasons, which we’ll cover.
As a local gold buyer, Midlands Gold buys precious metals from the public. Clients bring their items to us, and we buy their items for top dollar. Your gold buying fundraiser will work similarly, except your donors bring their items to you, and we buy all of those items from you.
Hosting a Scrap Gold Fundraiser
Hosting a scrap gold fundraiser involves four basic steps: promotion, donation, collection and transaction. First, you promote the event. Then your supporters donate; you collect their donations. Afterward, Midlands Gold purchases all items from you for a great price.
The result: ideally, your group gains a large sum of money to meet its financial objectives and accomplish its goals.
Step 1: Promotion
A good promotion plan is key. The methods you use should fit your audience. This includes your usual audience as well as other people whom you hope to reach.
There are many free ways to engage your supporters and members. Your promotion activities should include email announcements and social media posts. You can publish blog posts, send direct mail, and solicit local media interest too.
Step 2: Donation & Collection
Your supporters will join the effort by donating their scrap gold and silver. The majority of items donated will be gold jewelry. However, all precious metals are welcome, as well as coins, bars, dental gold and silver sets.
There are several points to consider about this step, and we can discuss them with you. In any case, it’s important to appoint one or more trustworthy people to collect and hold the items. This reassures your supporters and ensures that all donations are used to support your group.
Step 3: Transaction
Your fundraiser may last for three days or four weeks. That’s another matter which we can discuss with you. Nonetheless, when the event has ended, or at regular intervals throughout its duration, Midlands Gold will purchase the donated items.
We’ll come to you, and we’ll examine, sort, weigh and evaluate the items in front of you. After calculating a value, Midlands Gold will pay your organization for the precious metals you collected.
We offer multiple payment options.
4 Big Benefits of Gold Fundraisers
Cash for gold fundraisers offer at least four distinct advantages over other common fundraising methods.
1. Everybody Has Scrap Gold
Broken necklaces, old rings and orphaned earrings are ubiquitous. Lots of people have these scrap gold jewelry items. They clutter jewelry boxes. They sit, forgotten, in dresser drawers. People don’t know what to do with them.
2. Scrap Gold is Easy to Donate
In many cases, your supporters aren’t using it, don’t need it and won’t miss it. Therefore, they’ll donate it readily and painlessly. Parting with an unwanted necklace is easier than handing over precious cash.
3. Scrap Gold is Valuable
Gold is valuable, even in small amounts. The average donor might give $10 or $20 to a typical fundraiser. Yet even a small gold necklace is worth much more than this. So scrap gold offers the potential to raise more money.
4. Gold Fundraisers are Simple
Scrap gold fundraisers don’t require lots of preparation or elaborate setups. You won’t have to recruit a bunch of volunteers to run it either. Besides simple promotional tasks, you only need one or two people to oversee the donations.
Fundraising with Midlands Gold
Hopefully, you can see the potential here. These fundraisers are easy for you and your supporters. Moreover, they can be a financial boon for your team, club or other group. Midlands Gold will help you make the most of your event.
Get started by calling us at 803‑272‑GOLD. Tell us about your organization, your audience and your goals. We’ll answer your questions, discuss your options and help you hold your own successful scrap gold fundraiser.