Selling Broken or Discolored Jewelry? What You Need to Know

A piece of jewelry is more likely to be well taken care of when it's new.  Over time, though, it can be subjected to the elements – sweat, grime, dust, scratches or just general negligence.  Now that it's broken or discolored, you're probably wondering if you can still sell it.  The good news is – yes, you can but with a few important considerations.

Broken or discolored jewelry will be assessed based on the total scrap value of the materials.  When you sell jewelry, expect it to be assessed based on the value of its most important component/s, such as the stone and the metals used. 

If the jewelry you are planning to sell needs repair or if it has discoloration on some parts, buyers will not be looking at its intricate details or general physical attractiveness.  Instead, they will be assessing it based on the scrap value. 

Buyers will be making estimates based on the actual amount of pure gold there is in your jewelry.  The price that will be used as a basis for the piece or pieces you're selling will be the prevailing market prices. 

A 14-karat gold necklace that weighs around 15 grams, for example, will have about 8.5 grams of pure gold.  If the price of gold is pegged at $25 a gram, the necklace will sell at $212.50.  This, however, is just an estimate.  Offers tend to vary, which means that the price could range anywhere from about $200 to a high of about $230.  For broken or discolored jewelry, quality of the precious metals or stones will be used as a bargaining factor.

Your jewelry is somebody else's raw materials
It's important to keep in mind that buyers of jewelry will not be concerned with their personal value to the seller.  To the buyer, that jewelry you are selling is simply just raw materials that they can turn into something that someone else will find valuable.  So is there a market for broken or discolored jewelry?  Absolutely.  Jewelry you no longer use will only take up more room.  You're better off selling them.  Just make sure that you deal with a reputable seller like BrokenGold.com so you can get the best price.

Gold was first discovered thousands of years ago in its natural state, in streams, which lead to mining all over the world. Its brilliance, natural beauty, great malleability and resistance to tarnish made it enjoyable to work with. Gold gave rise to the concept of money itself. Today gold is used for jewelry fabrication, industrial application, and medical uses, by governments and central banks and by private investors.