If you are looking to sell your broken gold jewellery, it can be a quick way to turn what you may think is worthless unusable jewellery into potentially a lot of money! Whether you have inherited a snapped gold curb chain, or you have carried out a Sunday decluttering and found a forgotten damaged gold ring, the process of selling damaged gold can be a little confusing if choosing the wrong gold buyer. We have provided a comprehensive guide to selling broken gold jewellery.
If a piece of jewellery can no longer be worn, many of us will assume this may be fit for the bin and no one will buy it without repairing it first. Broken jewellery can be extremely valuable even inn its damaged state due to the precious metal it may contain. This guide will cover the process of selling broken gold jewellery, however the same principles can still be applied if your items are made from platinum, silver, or any other precious metal. The cost of repairing jewellery can be extremely expensive and often not the best financial decision as your may not get back the money you spent fixing the item when it comes to resell.
Gold as a metal in any state is very valuable, whether its broken jewellery or gold coins. When selling to a specialist gold buyer like ourselves we have the experience and processes to recycle your scrap gold by melting and refining it for resale back into the jewellery manufacturing sector.
It can be an easy process to get some quick cash for your broken gold jewellery, this can help pay the bills or put towards a holiday abroad.
Before you rush to get cash for your broken gold jewellery, it’s essential to understand how its value will be calculated. The value of gold is based on two measures, the weight and the carrot purity. Common gold purities in the UK are 9ct, 12ct, and 22ct. All gold sold in the UK should be hallmarked stamp with it’s purity. The higher the carat number the higher the gold content, and thus its value.
An experienced gold buyer will use the current gold market price to calculate the value of your gold alongside using the weight and purity. The gold spot price changes by the minute and a scrap gold buyer will usually fix the price once per day.
It’s important to not be disheartened if your broken earrings, bangles or chains do not feature any hallmarks, this does not necessarily mean the items are not made from gold as it may be jewellery produced abroad in a country which does not have strict hallmarking laws. You should have your broken jewellery XRF analysed to obtain its true gold content.
Sort Your Jewellery: Separate your broken jewellery by carat if you are able to read the small hallmarks. This will give you clarity as to what you have.
1. Bring To Our Store: If you want to sell your broken gold jewellery sameday then bring your items to our Warrington store for an instant valuation and purchase offer.
2. Sell Online: If you do not live local to the Warrington area you can also sell your damaged gold online. By visiting our online gold selling page and requesting a pre-paid gold pack. You can post your gold to us via our insured pre-paid postal service.
– Stay informed: Stay up to date with the current market price of gold, you will want to get an idea whether the gold price is at a relative high point or at a low point currently. The gold price fluctuates regularly so choosing the right time to sell can maximise your return.
– Keep Records: Maintain records of your transactions, including appraisals, communications with buyers, and any receipts or payments. This will help you track your sales and report any potential sales to HMRC where required.
– Beware of Scams:Be cautious of buyers who pressure you into quick sales or offer significantly higher and unrealistic prices compared to others. Trustworthy buyers will give you time and space to make an informed decision. Be sure to check the gold buyers reviews online.
– Understand the Process: Familiarise yourself with the gold buyer’s process, including delivery procedures, evaluation methods, and payment options. Knowing what to expect can make the transaction smoother and more transparent.
At Cheshire Gold Xchange, we specialise in buying gold in any form. We offer a seamless, transparent valuation and payment process using the latest metal analysing technology. We have been operating as a family business for over 15 years, we pride ourselves on our reputation and this is reflected in our 5 star online rating.
If your necklace has a broken clasp, or you have lost the backs to your earrings, by choosing to sell your broken gold jewellery to Cheshire Gold Xchange you can be confident that your are working with one of the industries best. Selling broken gold jewellery doesn’t have to be a daunting task. With the right information and a reliable scrap gold buyer like Cheshire Gold Xchange, you can turn your broken pieces into cash quickly and efficiently. Contact us today to get started on selling your broken gold jewellery and discover the value hidden in your unwanted items.
Receive your prepaid, insured envelope to send your gold to us. Find out more visit Sell Gold Online
