How To Tell When It’s Time To Scrap My Damaged Gold

If you're like most people, you might have a broken gold chain or a gold earring missing a mate - stuffed away in the corners of your jewelry box. It might have crossed your mind to possibly have that gold chain, watch or bracelet fixed, or go hunting under your dresser for that matching earring - but who has the time?

Many people find that getting broken gold jewelry repaired is prohibitively expensive - perhaps even costing more than the original jewelry itself! If that happens to you, you may be thinking there's nothing else you can do with your gold - even though you know it must be worth something.  

When you ask a friend or family member where to sell your gold jewelry for cash, many of them won't hesitate to recommend some of the old standbys, like the local pawn shop or consignment store - who will readily take old gold scrap and broken jewelry. Unfortunately, with that they also take a hefty price cut from the value of your gold for themselves. Wouldn't you rather put that money back in your pocket?

Thankfully, you can do just that by working directly with a gold refinery. There are lots of websites online that will eagerly give you information (and many false promises) about selling your gold for cash - but don't be fooled. Many of these websites act as "virtual pawn shops" who then send your gold directly on to the refinery and again take a nice chunk of your money for themselves.

On top of that, if you happen to have unfortunately sold your gold jewelry to these dealers - there's a slim to none chance you'll ever get it back - even if you're unhappy with the amount of money you got for it.

Fortunately there is an alternative. One website is actually owned and managed by a company that specializes in precious metals and has their own gold and silver refinery right on site. It's at Cash4Gold - . Through Cash4Gold, you can request a "gold kit" - a pre-paid, insured, durable envelope to send your broken jewelry in - and Cash4Gold will mail you a check for its refined value according to current gold market prices (which are at near-record highs).

Selling to a refinery is a great way to get extra money for your broken gold without the expense of having it repaired and without the middleman taking a big bite out of money that's rightfully yours. It's worth looking into a site like Cash4Gold to get the maximum value of your broken gold jewelry without worrying about shady dealers or awkward pawn shop visits.

So the next time you're going through your jewelry box looking for that perfect complementary piece, go ahead and mail in that missing earring or broken bangle. The whole process is secure, discreet and safe - and you'll have some extra cash you can use to buy new gold jewelry too!