When was the last time you raided your jewelry box? You probably have some old gold jewelry laying around that hasn't seen the light of day in...who knows how long? Your unwanted and damaged gold jewelry is doing little more than taking up space, from tangled gold chains and obsolete rings to solitary, "orphaned" earrings. Perhaps some of your pieces are broken, and you're concerned that you won't fare as well with them. Not to worry, the answer to these concerns may come as a true surprise. What if we told you that your old gold jewelry — yes, even the damaged items — may be worth a lot of money?
Condition is surely taken into account when determining the value of high-end pieces by names such as Tiffany, Cartier, and Roberto Coin. But what does this mean for broken or damaged jewelry? Are they still valuable, and should you bring them to a jewelry buyer?
For most precious metal jewelry the actual material is very important in determining the value. This includes not only precious metals but also gemstones, such as diamonds.
Gold Jewelry
Gold, for example, is always in high demand. As a result, even if they're broken or coming apart, gold earrings, necklaces, and other objects will always be valuable. Furthermore, after you sell gold, it is frequently refined and repurposed for various reasons, so the condition may not even be relevant.
To understand how much your gold is worth, you must first grasp how gold is measured. When discussing gold, you may have heard the term 'karat' thrown around. Karat refers to the purity of the gold. The karat count is critical to examine since the higher the karat count, the more valuable the gold.
14 carat is the most frequent purity associated with karats. The 14 carat gold is made up of 58.3% gold and 41.7% alloy. Other popular gold purity levels include 10 karat, 18 karat, and 24 karat. These are not the only numbers; they are simply the most common. The main line is that these figures will determine the quality of your gold. The greater the number, the more gold you possess.
The majority of gold jewelry is just worth its weight in gold at the current market price. "Melt-grade" gold jewelry comprises the following:
In the end, your broken, unwearable jewelry is still valuable. That is why it pays to sell your gold jewelry to a reputable online gold buyer like SellYourGold.com.