How to Make Money With Scrap Gold and Junk Silver Jewelry

Do you have gold and silver jewelry that is damaged and broken? Do you have an old, broken watch that can’t tell accurate time, broken or mismatched earrings, or a chain that is knotted? You keep promising yourself that you’ll have them fixed someday, but the truth is if you haven’t done it by now, chances are you never will.

These days, it can be very expensive to have your jewelry repaired. Gold and silver jewelry is soft, meaning that the jeweler will have to be very careful and precise, leading to a large bill which can be more than the jewelry is worth.

Are there certain pieces of jewelry you associate with bad memories, such as a divorce? Why not get rid of those bad memories and make some cash in the process?

It is better to make some money from your old or broken jewelry than for it to cost you money to repair a piece you may never wear. Gold and silver spot prices are higher than ever before. This means that demand for your scrap is higher as well.

Jewelry is appraised primarily based on how it looks. Scrap gold and silver, on the other hand, are appraised by weight. You should separate your jewelry based on quality and sell the scrap.

Companies that help you make money from scrap gold and silver jewelry do not care about the condition of the pieces or how fashionable the jewelry is. Although it may be old or ugly, your scrap jewelry is still valuable.

Unless you have valuable antiques, it is a hassle to sell piece by piece. Everyone would like to sell Granddad’s old pocket watch to a collector who will value it for its sentimental value. But there are very few jewelry buyers looking for pieces like these. And even most buyers who would be interested in the watch probably won’t want all your other old jewelry too. It’s better to sell it all at once and be able to get on with your life.

Sort your jewelry based on quality. Sell only a few pieces to collectors. This way, you’ll reduce your work load. All the rest should be sold to scrap gold and silver recyclers. When you sell scrap gold and silver jewelry, you can sell it all at once for a great price.

After all is said and done, you’ll have money in hand and no more broken or unattractive jewelry to worry about. Making money with scrap gold and silver jewelry has never been easier or more profitable.

Familiarize yourself with the online prices of gold and silver every day, and you will be able to spot a deal right away. Flea markets, garage sales, and estate sales can all be good sources of scrap gold and silver. If you are familiar with the metals’ spot prices every day, you will know a bargain when you see it. A bargain could equal big bucks for you!

Source by Pat Silver

How to Make Money With Scrap Gold and Junk Silver Jewelry