Why You Should Sell Your Old, Broken, or Tarnished Gold & Silver

Do you have old, broken, or tarnished gold and silver sitting in a drawer? Many people assume that damaged or worn-out jewelry, coins, or silverware are worthless—but that’s far from the truth! Gold and silver hold their value regardless of condition, making them a great option to sell for extra cash.

If you’re wondering whether your unwanted gold and silver can be sold, this guide will explain why you should consider selling, how the value is determined, and where to get the best price.

Can You Sell Damaged or Tarnished Gold & Silver?

Yes! Gold and silver are priced based on their purity and weight, not their appearance. That means:

✅ A broken gold necklace still has value.
✅ Tarnished silver coins are still worth money.
✅ A single gold earring can still be sold.
✅ Old, scratched, or worn-out jewelry retains its gold or silver content.

Even if your item is damaged or missing stones, buyers focus on the metal content, melting it down to extract the pure gold or silver.

Why Sell Your Old or Broken Gold & Silver?

1. Turn Unused Items into Cash

If you have jewelry you no longer wear or silverware collecting dust, selling them can put money in your pocket instantly.

2. No Need for Repairs

Repairing old or broken jewelry can be expensive. Instead of paying for repairs, selling it ensures you get value from it without additional costs.

3. Gold & Silver Prices Are High

Gold and silver prices fluctuate, but they have historically increased in value over time. Selling when prices are high can maximize your returns.

4. Declutter & Free Up Space

Why let broken or unwanted gold and silver take up space? Selling them helps declutter your home while making money.

5. Avoid Scams & Fake Buyers

Old jewelry or coins can sometimes be mixed with fake metals. Selling to a trusted buyer ensures you get the true value for your items.

How Is the Value of Old or Broken Gold & Silver Determined?

When you sell your gold or silver, buyers consider the following factors:

1. Purity (Karat & Fineness)

• Gold is measured in karats (K)—24K is pure gold, while 18K and 14K contain a mix of other metals.
• Silver is measured in fineness—999 (99.9% pure) or 925 (sterling silver).
• Higher purity means a higher price per gram.

2. Weight

• Gold and silver are priced per gram, ounce, or tola.
• The heavier the item, the more you’ll get paid.

3. Current Market Price

• Gold and silver prices change daily based on market demand.
• Check live rates before selling to get the best deal.

4. Condition & Additional Materials

• While buyers accept damaged items, added stones or non-metal parts may be deducted from the total weight.
• Gold-plated or silver-plated items are not as valuable as solid gold or silver.

Where to Sell Your Old or Broken Gold & Silver?

1. Mawson Gold & Silver Buyer – A Trusted Choice

If you’re looking for a reputable buyer, Mawson Gold & Silver Buyer offers:
✔ Competitive rates based on real-time market prices
✔ Free item evaluation
✔ Instant cash payment
✔ Acceptance of gold and silver in any condition

Selling to a trusted buyer like Mawson Gold & Silver Buyer ensures you get the best price without hidden fees.

2. Jewelry Stores

Some jewelers buy old gold and silver but may offer store credit instead of cash.

3. Pawn Shops

Pawn shops provide quick cash but often pay lower than the market value.

4. Online Buyers

Several websites buy gold and silver, offering free shipping and online evaluations. Always check their credibility before selling.

5. Local Gold & Silver Refineries

Refineries melt down metals and may pay closer to the actual market price.

Tips to Get the Best Price for Your Gold & Silver

✅ Check the Latest Gold & Silver Prices – Know the current rates before selling.
✅ Get Multiple Offers – Compare prices from different buyers.
✅ Weigh Your Items First – Use a digital scale to estimate your earnings.
✅ Choose a Trusted Buyer – Avoid scams by dealing with reputable businesses like Mawson Gold & Silver Buyer.
✅ Negotiate When Possible – Some buyers are willing to match or beat competitor prices.