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How to Sell Broken Jewelry for Cash: A Step-by-Step Guide

If you have broken jewelry gathering dust, you might be surprised to learn that it still holds significant value. Selling broken jewelry for cash is straightforward, and this guide will walk you through each step to ensure you get the best price possible.


broken jewelry

Step 1: Gather Your Broken Jewelry


What to Include:

  • Gold and Silver Jewelry: Broken necklaces, bracelets, rings, and earrings.

  • Other Valuable Metals: Items made of platinum or other precious metals.

  • Gemstones: If your broken jewelry contains diamonds or other valuable stones, they can also add value.


Step 2: Clean Your Items


Before taking your jewelry for an evaluation, gently clean it with a soft cloth to remove dirt or tarnish. This can help present your items in the best light, potentially increasing their value.


Learn how to properly clean your jewelry by visiting our Jewelry Cleaning Guide.


Step 3: Research Potential Buyers


Where to Sell:

  • Local Jewelry Stores: Many jewelers buy broken jewelry and offer fair prices.

  • Gold and Silver Buyers: Specialized buyers like American Gold and Diamond Buyers often provide competitive prices for broken jewelry.

  • Online Marketplaces: Websites like eBay or dedicated gold-buying platforms can also be an option, though they may involve additional steps and fees.


Step 4: Get Multiple Evaluations


To ensure you get the best price, take your jewelry to multiple buyers for evaluation. Each buyer might offer a different price based on their expertise and current market rates.


Evaluation Tips:

  • Ask Questions: How is the value determined, and what factors influence their offer?

  • Compare Offers: Don't settle for the first offer. Comparing multiple evaluations can help you find the best deal.


Step 5: Understand the Value of Your Jewelry


Factors Affecting Value:

  • Metal Purity: The purity of the gold or silver in your jewelry is a significant factor. Higher purity means higher value.

  • Weight: The weight of your jewelry will directly influence its price. More weight generally equals more cash.

  • Gemstones: If your jewelry contains valuable stones, their quality and size will also affect the final price.


Step 6: Negotiate the Best Price


Once you have multiple offers, use them as leverage to negotiate the best possible price. Don't be afraid to let buyers know you are considering other offers. This can sometimes prompt them to offer a higher price to secure your business.


Step 7: Complete the Sale


Final Steps:

  • Accept the Best Offer: Complete the sale once satisfied with an offer.

  • Get Paid: Ensure you understand the payment process. Reputable buyers will offer immediate payment in cash or via check.

  • Keep Records: Get a receipt or record of the transaction for your records.


Why Choose American Gold and Diamond Buyers?


At American Gold and Diamond Buyers, we specialize in evaluating and purchasing broken jewelry. Our experienced team ensures you receive the highest possible price for your items with a transparent and hassle-free process. Visit us today or contact us at 973.428.1900 to get started.


Following these steps, you can confidently sell your broken jewelry for cash, knowing you're getting the best possible deal.


For additional resources and services, visit our Frequently Asked Questions and Contact Us pages.

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