I saw a story on Good Morning America the other week where two reporters took a bunch of their broken necklaces and ugly gold jewelry to the NY jewelry district and sold it as scrap gold. One reporter got close to $1000 and the other got about $500. At that moment, gold was close to $1000 an ounce. This truly intrigued me, as I have some old gold jewelry I don’t wear and never will wear ever again.

Goldpaq used to have a listing of what they paid per dwt and it wasn’t much (very tiny actually)- They have since taken the prices off their website and offer a 110% max cash guarantee but you would have to send them someone else’s written estimate to get it. That seems like a hassle. But they also offered to appraise your jewelry as fine jewelry and buy it that way rather than as scrap.

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