We all have old and broken jewelry that we never intend to fix or wear again. There it sits, cluttering up your jewelry drawer or jewelry box, appearing to be worthless. Here is a nice surprise! Old and broken gold jewelry is like cash in your pocket! It is common practice today to get cash for gold jewelry.
Gold has always been the standard by which money is based and despite fluctuations in its value, gold has been consistently the top valued precious metal in the world for thousands of years. Just because a gold serpentine chain that you wore in the 80’s is kinked and missing the clasp doesn’t mean it has no value. Getting cash for gold jewelry will show you just how valuable it can be.
There are a variety of stores and brokers who give cash for gold, including jewelry stores, pawn shops and some precious metal brokers. While gold brokers may offer top dollar for the highly valuable metal, many have no interest in giving cash for gold on jewelry whereas pawn shops and jewelry stores are likely to have high interest. Shopping around for the highest bidder can offer you the ability to increase the amount of cash for gold you might receive.
Pawn shops will typically buy broken and out of fashion jewelry and fix it up for resale. Some highly damaged pieces, such as that kinked serpentine necklace, may not sell to many pawn shops for the simple fact that it cannot be easily repaired. Pawn shops are all about turnaround so many won’t want to invest in costly repairs for little return. If you choose to use a pawn shop for your transaction, if at all possible, don’t take the first offer. Get several estimates from different pawn shops so you can find the best place to make the most cash for gold.
Jewelry stores are the ideal place to get the most cash for gold. While mall jewelry stores are not in the market for your broken jewelry, family owned or home town jewelers will love to take it off of your hands. Generally, a jeweler will purchase your tired old jewelry and melt it down to create a fresh new piece that will sell for top dollar. It’s a win-win! You get cash for gold on jewelry you will never wear again and the jeweler can make a penny or two, also!