Can You Sell Old And Broken Gold Jewelry?
With the increasing value of gold, you may be tempted to sell the gold lying around in your home. But, what about gold jewelry that is old and broken? Although many people assume that old jewelry is not worth much because they are dirty, broken, tarnished and out of date, they may be wrong. Assuming your old jewelry is not worth much now could be a mistake that costs you a lot of money. As such, you should find out how much your old jewelry is worth before you get to selling your gold jewelry.
Not All Jewelry Has the Same Value
Jewelry can vary a lot in value. Their value depends on numerous factors, including how well it is constructed, whether it is an antique or a collectible, and whether there are other precious stones embedded into your gold jewelry. Hence, there could be a chance your old jewelry is actually very valuable. Before you sell your old jewelry to any place that will take it, you should determine its value. You can do so with an appraisal from a professional jeweler.
Does Old, Broken Jewelry have Value?
Whether your old, broken gold jewelry has value depends on different factors. It also depends on what your buyer intends to do with it. For example, if your buyer intends to wear it, it is likely they will steer clear from broken jewelry. However, if you sell it to a gold dealer or a gold buyer who intends to melt your jewelry down to get the gold within it, there might still be value especially if the gold content of your jewelry is very high.
How Much is Your Jewelry Worth?
Finding out how much your jewelry is worth is not the most straightforward process. However, here are some tips that can help.
Firstly, check if your old and broken jewelry has missing stones, or other scratches that may diminish its value. Next, check the number of karats in your gold jewelry. Gold jewelry is usually manufactured with either 10k, 14k, 18k or 22k gold. 24k gold is pure gold. Hence, the higher the number, the purer your gold.
You can also use a strong magnet on your gold. Sometimes, gold jewelry is made with a mix of metals apart from gold, including nickel, copper, tin and more. If your gold jewelry appears to be magnetic, it is likely there is a low content of gold in your jewelry. This means that it is not as valuable. Jewelry made with a high content of gold are most likely non-magnetic. The easiest way to find out how much your gold is worth is to bring it to a jeweler to weigh and value your gold jewelry for you.
Do Not Sell Impulsively
It is very tempting to sell your jewelry when someone offers you cash, especially if your jewelry is old and broken. However, you need to be sure of the value of your jewelry before you sell it. This is to ensure that buyers cannot lowball you. Although some jewelry may not look like it is worth much, you should do some research because there is a chance they might be.
If you are looking for a reliable place to sell your old gold jewelry, look no further than AGR. We offer the best prices for your gold items, and promise to go the extra mile for you to ensure that your transaction with us is a pleasant and enjoyable one. Feel free to contact us today to get a free quote on your gold items.