Beginner Guide to Selling Broken Gold Jewelry

Jul 2, 2023

Broken Gold Still Has Value

Many people keep a small pile of broken chains, single earrings, or bent rings in a drawer, not realizing that these pieces can still be worth real money. Even if a clasp doesn’t work or the design is outdated, the gold itself has melt value. Knowing how to identify, sort, pack, and send your unwanted gold safely can ensure that you receive a fair payout with minimal hassle.

Step 1: Identify Your Gold

Start by checking your jewelry for karat stamps. Most solid gold jewelry in the United States will be marked with numbers such as 10K, 14K, 18K, 22K, or 24K. Each stamp represents the percentage of pure gold content:

Karat

Gold Purity

10K

41.7% pure gold

14K

58.3% pure gold

18K

75% pure gold

22K

91.6% pure gold

24K

99.9% pure gold

Other clues include hallmarks like “585” (14K) or “750” (18K), which are European conventions. If there’s no stamp, or you suspect authenticity issues, you can use simple tests:

  • Magnet test: Gold is not magnetic, but beware: some fake gold uses non-magnetic metals, so this isn’t conclusive.

  • Acid test kits: Available for home use, but they require care. Small drops of acid reveal whether metal is genuine gold.

  • Electronic testers: Handheld devices that provide quick, fairly reliable results.

For silver jewelry or flatware, look for markings like “925” or “sterling,” which indicate real silver. Coin enthusiasts can reference U.S. Mint coin composition charts for silver content in older coins.

Step 2: What About Dental Gold?

Dental restorations such as crowns or bridges often contain gold alloys, typically in the 10K–18K range. To prepare dental gold for sale:

  • Remove as much non-metal material (porcelain, resin, or steel) as possible without damaging the gold.

  • Keep all small fragments together in a labeled envelope or bag.

  • Wash and dry thoroughly before packing.

Because dental alloys vary widely, the testing process will confirm the exact karat and value.

Step 3: Weigh Your Jewelry

Weight is the largest factor in determining value. A NIST-calibrated pocket scale set to grams is a safe tool to measure your jewelry. Record each piece’s weight and karat where possible.

Remember the distinction between melt value and resale value:

  • Melt value: Based on gold content, calculated by multiplying purity (karat) with weight.

  • Resale value: A higher price possible for intact designer or collectible items.

Broken jewelry usually sells for melt value, not resale value.

Step 4: Sort and Prepare

Sorting before mailing makes testing and payment faster:

  • Separate pieces by karat stamp if visible.

  • Store small fragments in sealed plastic bags or paper envelopes to avoid loss.

  • Label each bag by karat or description.

  • Keep gemstones attached; professionals will remove them if necessary.

Step 5: Packing and Shipping

Most reputable buyers, such as International Gold & Silver, offer a secure mail-in kit with tracking and insurance. If packing independently:

  • Wrap jewelry securely to prevent shifting.

  • Use a padded envelope or small box.

  • Insure your shipment with USPS or FedEx for the expected value. See USPS insurance options for details.

  • Obtain a tracking number and keep it until you are paid.

Step 6: Testing Process

Once received, pieces are tested to determine purity and weight. Common methods include:

  • Acid testing under a jeweler’s loupe.

  • X-ray fluorescence (XRF) for precise karat measurement.

  • Weighing on calibrated scales.

You should expect clear test results and a straightforward payout offer.

Step 7: Payment Options

Many services process payment quickly once testing is complete. Common options include:

Payment Method

Pros

Cons

PayPal

Fast, widely used

May have small transaction fees

Venmo

Instant to app users

Transfer limits apply

Zelle

Bank-to-bank, usually instant

Availability depends on bank

Cash App

Fast payments

Limits and fees possible

ACH bank transfer

Secure, no app required

May take 1–3 days

Check

Traditional, paper record

Slower, needs deposit

Step 8: Protect Yourself With Records

Take a few minutes before shipping to document your items:

  • Take photos of each piece laid out clearly.

  • Keep written notes of weights and markings.

  • Track your shipment and save receipts.

  • Consider using a simple software like GavelBase for record-keeping if you sell multiple lots.

Checklist for Selling Broken Gold Jewelry

  • Look for karat stamps (10K, 14K, 18K, etc.).

  • Weigh items in grams with a pocket scale.

  • Separate by karat or metal type before mailing.

  • Pack securely, track, and insure your shipment.

  • Expect clear testing results upon arrival.

  • Choose the payment method best for your needs.

  • Keep records for peace of mind.

FAQs

Can I sell a broken chain? Yes. The gold content is what matters, not whether the chain is wearable.

Do stones add value? Generally, stones are not included in melt-value calculations, unless they are large or of high quality.

Is dental gold safe to handle? Yes, once cleaned. Separate any non-metal material before mailing.

How fast can I get paid? Many buyers offer payment in as little as 24–48 hours after testing, depending on the payment method you choose.

With careful preparation, even broken or outdated gold and silver pieces can be turned into cash safely. Following these steps will help ensure you receive a fair value for your items while keeping your shipment protected and your records clear.