Which gold items you shouldn’t scrap?

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During the recent “gold rush,” many items went into the melting pot as scrap gold that perhaps shouldn’t have. You may be looking at your jewelry wondering if you should scrap certain pieces.

Common items such as chains, earrings, bracelets and charms are OK to scrap, but you’ll understand from the examples below that it might not be wise to sell some pieces for melt value.

Gold coins. There are two types of gold coins. Collector coins and bullion coins, which we’ll go into in more detail in another section. Suffice it to say, if you own gold coins, a little research is in order before considering selling or scrapping them. You don’t want to make a mistake and scrap a coin that is worth more than scrap value.

Fraternal items. A lot of jewelry has been made for fraternal organizations such as the Masons, Shriners, Knights of Columbus, Rotarians, etc. These items sometimes hold more value than just scrap as there are collectors out there that will pay higher prices to own rings, cufflinks, tie tacks and so forth. These pieces will do better in an auction.

Boy Scout and sporting memorabilia. The same holds true for older Boy Scout and sporting items. Again, there are collectors that will pay higher prices to own these pieces.

Antique jewelry. There are many, many people who love and collect antique jewelry, myself included. The older, the rarer, the more beautiful the piece, the more it’s worth. Afterall, antiques of yesteryear are no longer being produced and have a great appeal to those of us who cherish items that have history.

Which gold items you shouldnt scrap?

Sentimental jewelry. Common chains, rings, earrings and bracelets are one thing, but think hard before you give up your Grandmother’s cameo, the bracelet your Aunt brought you back from Italy, or the necklace you wore at your sister’s wedding. If you’re on the fence, make sure it’s something you can easily part with, or you may regret it later.

Watches. Men’s watches in particular may be worth more than their weight in scrap. If they are the older wind-up type, and are still in decent shape, you may want to look online or take it to a jeweler for an opinion as to it’s value. Unless they were made by a high-end manufacturer, women’s watches aren’t very valuable because the faces are too small and hard to read. If you decide to scrap a watch, you’ll need to open the back and remove the workings so you can get a more accurate idea of its weight.

Class rings. Believe it or not, there are class ring collectors out there that will pay a premium for a desirable one. The older and/or heavier, the better. Ivy league class rings such as Princeton, Yale, Harvard, etc., sell for much more than their melt value.