Canberra Gold Guide
Selling Broken or Scrap GoldBroken Gold Is Still Gold
A snapped chain. A ring that had to be cut off. An earring with a broken hook. It’s easy to look at broken gold and see junk. It’s still gold, and it can still be worth selling. Here’s how scrap gold is valued in Canberra, and how to get a fair price for it.
What Counts as Scrap Gold
Snapped Chains
Broken links, missing clasps and knots.
Cut or Bent Rings
Rings that were cut off, squashed or worn thin.
Odd Earrings
Single earrings, broken hooks and lost backs.
Bits and Pieces
Broken clasps, charms, pendants and links.
Why Broken Gold Is Still Worth Selling
Broken pieces are usually refined back into pure gold. Refining is a gruelling process over several days, with harsh chemicals and real health risks, so it’s done by specialists.
That’s why scrap gold sells below the bullion price you see on the news. Your gold still has real value. It’s priced on its weight, its purity and the day’s gold price.
Some Broken Pieces Get a Second Life
If a piece can be repaired, it may be cleaned up, fixed, re-polished and sold again. A ring with a worn claw or a bracelet with a broken clasp can often be saved.
Pieces like these can be worth a little more than their gold, because someone gets to wear them again. Read what happens to your gold after you sell it.
Check for Stones Before You Sell
Broken jewellery often still holds Diamonds and gemstones. A tennis bracelet with a snapped link or a ring with a broken band can carry stones worth more than the gold.
Every stone is checked by a gemstone expert. You can sell your stones, or keep them, and they can sometimes be removed on the spot.
Bring It All In Together
You don’t need to fix or untangle anything. If you know the karat, you can sort pieces into bags of 9ct, 14ct and 18ct. If you don’t know, that’s fine. Every piece is tested in front of you.
Each piece is weighed on a scale you can see, and the numbers go into a spreadsheet you can take home. See how it works on the sell gold in Canberra page.
Sell Your Broken Gold in Three Steps
- 1Book a Free QuoteCall or send the form. It’s free, private and there’s no obligation.
- 2Watch It TestedEvery piece is tested and weighed in front of you, and the numbers go into a spreadsheet you can take home.
- 3You DecideLike the price? You’re paid on the spot. Want to think it over? Come back any time at that day’s gold price.
Your Canberra Gold Buyer
A Jeweller Who Looks Closer
You deserve to know exactly what you’re selling. At Vivid Jewels, a jeweller and gemstone expert checks every stamp, every stone and every maker’s mark, so nothing of value slips through. Every piece is tested and weighed in front of you, and you see how the offer is worked out.
We pay extra for the gems most gold buyers ignore.
Vivid Jewels also sources rare gemstones and makes custom jewellery. See how it works.
Keep Reading
What Happens After You Sell
Resold or refined: where your gold goes next, and why it never disappears.
Read the guide
Start at the Canberra Gold Guide for everything about selling gold.
Ready When You Are
Find Out What Your Gold Is Worth
Book a free, no-obligation quote in Canberra. Sit down, take your time, and see exactly how your offer is worked out. If you like the price, you’re paid on the spot.
See how it all works on the sell gold in Canberra page.
Frequently Asked Questions
Is broken gold worth anything?
Yes. Broken gold is still gold. It’s priced on its weight, its purity and the day’s gold price.
What is scrap gold?
Scrap gold is gold that’s broken, damaged or worn out, like snapped chains, cut rings and single earrings.
Where can I sell scrap gold in Canberra?
At Vivid Jewels, by appointment in Canberra. The quote is free, every piece is tested in front of you, and if you like the price, you’re paid on the spot.
Do you buy broken chains?
Yes. Snapped, knotted and kinked chains are all bought for their gold.
Do you buy cut or bent rings?
Yes. Rings that were cut off, bent or worn thin are bought for their gold.
Why is scrap gold worth less than the price on the news?
The price on the news is for pure bullion. Scrap gold has to be refined back into bullion first, a gruelling process over several days with harsh chemicals and real health risks. That cost comes off the price.
Do I need to fix my jewellery before I sell it?
No. Broken pieces are bought as they are. If a piece can be repaired and worn again, it may be worth a little more.
What happens to broken gold after I sell it?
Broken, damaged and worn pieces are typically refined back into pure gold, which becomes bars, coins and new jewellery. Gold never disappears. Read what happens to your gold after you sell it.
Can I keep the stones from my broken jewellery?
Yes. You can sell your stones or keep them, and they can sometimes be removed on the spot.
Is the quote free?
Yes. It’s a free quote with no obligation. Sit down, take your time, and if you like the price, you’re paid on the spot. If not, you’re free to walk away. We love jewellery and we’re always happy to help.
If I don’t sell now, do I get the same price when I come back?
The price is set by the gold price on the day you sell. When you come back, we just change the day’s gold price and the whole list updates.
Got gold sitting in a drawer? Here’s how to sell gold in Canberra, or start with the Canberra Gold Guide.
