People sell gold jewelry they don’t want anymore for a number of reasons. If you’re thinking about parting with some of your gold jewelry, take heart in the fact that there are lots of other people doing the same thing. You may feel guilty about parting with something so valuable, but there are plenty of reasons to let go of gold jewelry that isn’t working for you anymore, and if you handle it right, you can make a nice profit on what would otherwise simply gather dust in a drawer.

Sell Gold Jewelry That’s Out of Style

Jewelry that’s out of style or simply doesn’t suit your current taste isn’t doing you any good sitting at the bottom of your jewelry box. You probably feel guilty every time you see it, knowing you won’t ever wear it. Why not sell it and get something that’s more your taste with the money you make? If you don’t like yellow gold jewelry and prefer sterling silver or white gold, you can sell your yellow gold and use the money to invest in some classic pieces in the color you prefer and that you’ll wear for years to come.

Should You Sell Gold Jewelry You’ve Inherited?

Some of the jewelry you have may have sentimental value, or you may be reluctant to part with it because your great-aunt left it to you. It’s hard to part with a jewelry collection that was handed down to you, but you don’t have to make it an all or none decision. Select one or two special pieces of jewelry that will remind you of your loved one. You can cherish these and pass them down to your own children when the time comes. The rest of the jewelry can be sold and you can use the money for something special. Look at it this way, wouldn’t your great-aunt be happy knowing you kept that special brooch she always wore, but that you used all those old, out-of-style gold to make some money for a needed home improvement? She’d want you to benefit from what you inherited, so don’t be afraid to sell the gold jewelry to make your life a bit better.

Jewelry Connected to a Broken Heart

Getting a divorce or breaking off a long-term relationship is always painful, and having a constant reminder of the person who broke your heart can make things worse. Once you’re truly ready to let go of that old relationship, it can be very cathartic to sell gold jewelry you got as gifts from your ex. Your wedding ring, any earrings, necklaces or bracelets, and even gemstones should be gathered up and sold. It’s a form of emotional housekeeping that helps you sweep away bad memories. Use the money you make to give yourself a little "new beginnings" gift, whether it be a weekend mini vacation, a night out on the town or a brand new watch to mark the time you started fresh!

Sell Broken Gold Jewelry

If you have older pieces of jewelry that have been broken for years, you’re like a lot of people. It may be too expensive to fix, but you hate to just toss it since you paid a lot for it when you got it. Fortunately, with the cost of gold near an all-time high, that broken jewelry is now worth plenty. Selling damaged jewelry puts it to good use and is a great way to recycle – the old pieces will be melted down and used to make something new, which means less mining for gold.

To sell gold jewelry for the best price, compare a few different companies that buy scrap gold and you’ll soon have money in your hand instead of old jewelry in your drawer.