In jewellery boxes all around the country sits a veritable fortune in gold. In this case I am not really referring to the good stuff, or the stuff that individuals actually use. What I am referring to is that piece of jewellery that gets shoved aside, or placed beneath the bottom drawer.

You know the items I'm speaking about; that broken chain you intended to fix, or the ring that got squashed and you never ever got around to taking it to the jewelers. Now that you have that new ring, it actually seems pointless to waste money to repair it.

Whether you choose to restore it or not, a very important factor is certain. You happen to be quite likely sitting on a gold-mine.

Instead of letting all of these old dumped gold items sit, while you procrastinate, why not take that broken jewelry and turn it straight into cold hard cash. There are lots of types of scrap gold that could be sold to buyers, and it is very likely that those old earrings, those two broken watches, and that broken chain are worth a lot more than you imagine.

In this article we will look at scrap gold, and tips on how to cash in on it!

10 Scrap Gold Concepts That you can Cash-In On

To begin, let's consider what types of gold the scrap gold buyer wants. The simple truth is that buyers will love anything that consists of 9kt - 24kt gold. But simply knowing that isn't adequate. Scrap gold has a tendency to turn up in the wierdest places. Having a few options of where to check is a terrific way to get moving.

To help you in your hunt for gold, here are ten ideas which could line your pockets with some extra money:

1. Broken gold jewellery: That squashed ring, the old tie clip, or that damaged bracelet could be sold as scrap gold. Even though you intended to repair it, most people never do.
2. Tangled / damaged gold chains: We've all had twisted chains that we couldn't untangle, or perhaps the one with the missing clip. They are often sold to gold buyers.
3. Unwanted wedding / engagement rings: He cheated on you, the weddings off! Never just pawn that ring. Turn it into scrap, and then tell him about it!
4. Gold jewelry with missing gems: With the diamond missing, are you honestly likely to wear that ring?
5. Unmatched gold earrings: Very often found lurking at the bottom of jewellery boxes.
6. Gold coins / sovereigns: That old gold coin, if in mint condition is worth cash by itself. Poorer examples however would be better sold as scrap.
7. Gold bullion: A number of people really do have gold bullion lying around. With gold topping record prices, there has never been a greater time for you to sell.
8. Dental gold scrap: At 14.8kt minimum (62% gold), those gold fillings you had taken out are worth money. Why keep them when you can using them as cash?
9. Gold Pins/Brooches: That old brooch which you never wear, or that memorial pin that has sat there for years are both worth cash.
10. Gold Wire/Screen or Mesh: A typical product used in jewellery making. Those odd scraps soon add up!

How do you do it?

After you've sorted through those old jewellery boxes, and found your scrap gold stash, converting them into cash isn't hard at all. Most scrap gold buyers will purchase your gold by the gram. That small couple of unwanted jewellery really can accumulate.

It is possible to sell your gold to your local scrap gold dealer, or choose one of many online buyers. You will need to make an effort to research pricing. There might be a wide variance in the amount buyers are willing to pay. With the local dealer, especially, their higher overhead may lead them to offer less for the gold.

However you decide to sell your scrap gold, one thing is certain, that old jewellery you believed was junk is going to be far more useful as a wad of cash inside your wallet!