POSTED IN: Broken Gold, Dental Gold, Gold Teeth, home_featured, Scrap Gold
Ultimately, the decision to sell broken gold depends on your personal circumstances and preferences. If you have broken gold items that hold no sentimental value and you don’t wear, then there’s little sense in repairing them, or even holding on to them. But don’t throw them out! Broken gold is still gold and can be quite valuable based on its melt value.
Selling broken gold jewelry can be a great way to get some extra cash. Or even if you don’t need the money, it may just make sense to get rid of broken gold jewelry collecting dust with gold prices so high. However, it’s recommended to consult with a reputable jeweler or gold buyer who can provide you with a professional appraisal and guide you through the selling process.
Even if your gold jewelry used to be cool or beautiful, if it’s broken and it isn’t worth the cost of repairs (it rarely is), then it’s just considered “scrap” gold. But just because it’s scrap gold doesn’t mean it’s worthless. Broken gold can still hold value due to its gold content. Gold is a precious metal, and its value is based on its purity and weight, not the condition it’s in. So you can easily sell broken gold for its scrap gold melt value, which is a lot of what we do at Cash for Gold Mailer.
If the broken gold is made of high-purity gold, it will be more valuable than gold with a lower purity level. You can have the gold weighed and evaluated by a reputable jeweler or gold buyer to determine its scrap value.
For more information on exactly how to calculate the value of your scrap gold, check out our article How to Calculate the Value of Scrap Gold.
In short, no. It’s purely decorative and sending it to a cash for gold company or taking it to a pawn shop won’t earn you anything. But some fake jewelry is pretty convincing, so how do you know if your broken gold jewelry is valuable or not? Taking it to a professional so they can use an (expensive) metal analyzer is the most sure-fire way to know, but if you’re curious and want to try to figure it out for yourself, there are a few different ways to test if your gold is real.
There are various types of broken gold items that are commonly found and can be sold for their gold content. Here are a few popular types:
If you decide you’re ready to sell your gold jewelry, you can request a free Cash for Gold Mailer kit here. We offer free insurance up to $5k, same-day shipping and payments, and bring over 50 years of experience to offering you fair and accurate offers for your gold. Request a kit today!