It is no secret that the value of gold has made a steady rise over the past few years. As a result there are many companies out there which will offer to give you an instant payment for your unwanted gold or silver.
This is seen by many as the ideal opportunity to raid their jewelry boxes for unwanted gold, silver, or platinum pieces which sit untouched and unworn. However many are cautious to do this… and for good reason.
The Possible Downsides of Selling Jewelry for Cash
Firstly jewelry can be very sentimental. I can be passed down through the generations of a family as an heirloom which signifies great value.
However while keeping your Grandmothers’ or Mothers’ jewelry that you remember seeing them wear, and the mere sight of it brings memories flooding back may be difficult to even consider scrapping it in return for instant money. However…
Looking Closer into the Bottom of Your Jewelry Box
There are always those items you may have lurking in the depths of that jewelry box, that you are told belong to a distant relative from many generation ago. You never met them, you don’t like the jewelry, and chances are it will spend its existence sitting unloved in your jewelry box.
The rewards for scrapping these unwanted pieces can be fruitful, and it can ease your finances in these difficult times we face. You can identify the metal by searching for its hallmark just to check that it is in fact a precious metal. There are many online hallmark guides to inform you what each marking means.
Looking Beyond Aesthetics and Into Precious Materials
Most precious metals are of high value, even silver, so it’s worth collecting those pieces you know you will never wear, to see how much you can get by scrapping them. Before they are taken away to be melted down, you should receive a value for your pieces from the company that is scrapping them. You can then assess how much you will earn from scrapping your unwanted metal, and weigh up whether you wish to go ahead, or whether you would actually prefer to keep the jewelry within the family.
Should you Bother Scrapping for Unwanted Jewelry?
It is definitely worth considering. Do your research and search for a good reputable company. Remember, the scrappers are essentially the third person in a business transaction. They will need to take their cut, so make sure it is not you that looses out on the deal. Approach different companies to see how much each will offer you for your scrap, and then choose the most suitable.
With metal prices the level they are, it can be surprising how much you old jewelry could fetch!
About the author: Kirsten runs Kirsten Hendrich Jewellery. She is the designer and maker of the business and has worked within the industry for six years.