Selling Scrap Gold

How Much Is It Worth and Where to Sell It?

Do you have broken jewelry or old gold pieces collecting dust in your drawer? Even items sitting in your jewelry box have intrinsic value due to their gold content, weight, and purity. You might be surprised to learn how much value is sitting right at home - selling scrap gold can bring in extra cash, sometimes more than expected. Whether it’s a damaged necklace, a single earring, or an outdated ring, selling unused or broken jewelry often results in more money than you expected.

At The Bullion Bank, we help individuals like you turn unused gold into money, with a fast, fair, and transparent process. Here’s everything you need to know about how much scrap gold is worth and how to sell it.

What Is Scrap Gold?

Scrap gold refers to gold items that are no longer wanted or usable in their current form but still hold value due to their gold content. Common examples include:

• Broken or tangled gold chains
• Old gold rings or earrings (even singles)
• Damaged or outdated bracelets
• Gold coins or dental gold
• Jewelry missing stones or clasps

The value of scrap gold comes from the precious metal material - primarily gold-regardless of the item's condition. Even if jewelry is sold as scrap metal, it still holds significant value because of its intrinsic precious metal content. Other pieces of jewelry, even if mismatched or incomplete, can also be sold for their material value.

How Much Is Scrap Gold Worth?

This is one of the most common questions we hear: “How much is scrap gold?” The answer depends on several factors. The gold value of your jewelry is determined by its weight, purity, and the current gold price.

To accurately assess your jewelry, it's important to know the exact amount of gold it contains. A professional appraisal can help determine the true value of your scrap gold, ensuring you receive a fair offer.

1. Gold Purity (Karat Level)

Gold is often mixed with other metals. The higher the karat, the purer the gold:

• 24K = 99.9% pure gold
• 18K = 75% pure
• 14K = 58.5% pure
• 10K = 41.7% pure

14k gold is one of the most common types found in jewelry and is valuable for scrap. White gold, like yellow gold, is valued based on its purity and weight.

Higher purity = higher payout.

2. Weight in Grams

The more your item weighs, the more it’s worth. A small chain or ring can contain significant gold weight, even if it looks fragile.

3. Current Market Price of Gold

Gold prices change daily. At The Bullion Bank, we base our payouts on live gold prices and the current gold spot price, which is the key factor in determining how much your scrap gold is worth. Online buyers like us often offer better prices because of lower operational costs, allowing us to provide more market-aligned payouts and minimize unnecessary costs for sellers, ensuring you’re paid fairly and transparently.

How to Sell Scrap Gold or Broken Jewelry

Selling scrap gold might sound complicated - but it’s not. The entire process is transparent, secure, and hassle-free, making it easy for anyone interested in selling gold online. Here’s a simple step-by-step process:

Step 1: Sort Your Items

Gather any gold items - broken jewelry, old coins, necklaces, or even dental gold. As you sort through your valuables, remember to include not just gold but any items that may contain precious materials. Be sure to check your jewelry for gems or gemstones, as these can significantly affect the value of your items.

Step 2: Check for Karat Stamps

Look for markings like 10K, 14K, or 18K. Not sure? No problem - we can test it for you.

Step 3: Weigh Your Gold

Use a kitchen scale to get a rough idea. We’ll weigh it precisely.

Step 4: Get a Quote

Contact us at The Bullion Bank for a free, no-obligation appraisal. As a trustworthy buyer in the gold market, our goal is to offer you a fair price based on current market value. We are committed to paying competitive rates for your gold.

Step 5: Accept the Offer & Get Paid

Once you accept the offer, you’ll receive your payment - fast and securely. The Bullion Bank aims to pay the highest rates possible, ensuring you get top dollar for your gold. Your payout will reflect the true dollar value of your items.

Why Sell to The Bullion Bank?

Not all gold buyers are created equal. Here’s why The Bullion Bank is the best place and a trustworthy company to sell your scrap gold for the best value:

• Trusted & Transparent – A reputable company with no hidden fees, no pressure
• Safe & Insured Shipping – Sell from home with peace of mind
• Fair Market Pricing – Based on real-time gold prices, not lower resale offers
• Exceptional Customer Service – We guide you every step of the way
• Strong Reputation – Recognized as a trustworthy company with excellent customer reviews

Compared to other companies, The Bullion Bank offers better value by paying based on gold content and current market prices, rather than lower resale values. Both individuals and companies benefit from our professional and reliable service.

FAQ

Q:Is it worth selling broken jewelry?
A:Absolutely. Even small or damaged items can contain valuable gold. If you’re not satisfied with your first offer, there are other options—such as selling to jewelers, pawn shops, jewelry stores, or local gold buyers. Each of these stores may offer different prices and processes, so it’s wise to compare.

Q: Should I sell to a jeweler or jewelry stores?
A: Selling to a jeweler or jewelry stores can be a good choice if you want a professional appraisal or personalized service. Jewelers may offer higher prices for designer or unique pieces, and some can repair or repurpose your jewelry. However, jewelry stores often prioritize resale value and may offer less for gold content compared to online buyers, who typically focus on gold purity and current market value.

Q: Are there other options for selling broken jewelry?
A: Yes, there are other options. You can sell to jewelers, pawn shops, jewelry stores, or even explore online marketplaces. Each option has its own pros and cons, so consider what matters most to you—speed, price, or convenience.

Q: Should I consult a local jeweler?
A: Consulting a local jeweler is a great idea for appraisals, repairs, or if you want to discuss custom options. Local jewelers offer expert advice and can help you understand the true value of your jewelry.

Q: How do I know if my gold is real?
A: Look for karat stamps. Not sure? We offer free testing.

Q: Can I sell jewelry with stones?
A: Yes! We’ll evaluate the gold content. Stones may be returned if desired.

Q: What if I have mixed metals?
A: We’ll sort and value everything for you — no need to worry.

Don’t Let Value Go to Waste

Your broken or unused gold jewelry isn’t junk — it’s valuable. With gold prices holding strong, now is a great time to sell scrap gold and get the cash you deserve.

Ready to Sell? Get a Free Quote Today

At The Bullion Bank, we make it easy to sell scrap gold or broken jewelry online or in-store. Our process is quick, secure, and designed with you in mind.