We Buy Jewelry

Midlands Gold buys gold, silver and platinum jewelry. We’ll buy it in absolutely any condition. It doesn’t matter if it’s bent, broken, or missing pieces. We’ll still pay you a great price for it.

Sell your old jewelry to us. We welcome your engagement rings, wedding bands, bridal sets, anniversary rings, cocktail rings and those old class rings. Bring us your necklaces, bracelets, earrings and pendants. We buy it all, and you’ll get top dolllar.

Table of Contents

About Scrap Jewelry

“Scrap jewelry” is a general term. Mainly it refers to broken or damaged jewelry, like kinked herringbone necklaces or out-of-round rings. It can also mean old jewelry that’s out of fashion. Some dealers use the term “scrap jewelry” to mean any pre-owned jewelry.

At Midlands Gold, we try to use the terms “scrap jewelry” and “scrap gold” sparingly. We just mean damaged jewelry pieces. We don’t mean to insult you in any way.

Clients sell jewelry to us for many different reasons. Some of the jewelry we buy is broken, but most of it is in good condition. Even a damaged piece may be special to you because of the story behind it. Maybe you don’t want to sell the item, but you have an overriding reason for doing so.

The point is, lots of folks wouldn’t want their old jewelry to be called “scrap”. So don’t worry about that. We’ll read the mood and show proper respect.

Gold Jewelry

About Gold Jewelry

People have created jewelry from gold for thousands of years. Even the Bible mentions gold jewelry as an adornment. It’s shiny, expensive and attracts attention.

All varieties of gold in jewelry are actually gold alloys (except 24K, common in Asia and the Middle East). They are mixed with other metals, such as copper and nickel. It’s why 10K gold (less pure) costs less than 18K gold (more pure). Adjusting the ratios changes the color of the gold too.

Gold Jewelry We Buy

Midlands Gold buys all gold jewelry, regardless of purity, color, or other variety.

  • 10-Karat Gold, 10K or 417
  • 14-Karat Gold. 14K or 585
  • 18-Karat Gold, 18K or 750
  • 22-Karat Gold, 22K or 917
  • 24-Karat Gold, 24K or 999
  • Yellow Gold
  • White Gold (higher nickel content)
  • Rose Gold (higher copper content)

Platinum Jewelry

About Platinum Jewelry

Platinum is a white metal, like silver and white gold. The platinum alloy in jewelry contains rhodium and palladium. Yet platinum jewelry is more pure than most gold jewelry.

Like gold, platinum doesn’t rust or tarnish. On the other hand, platinum weighs 59% more than 14K gold and is harder to work with. So, although pure platinum is worth less than pure gold by weight, these factors result in higher retail prices for platinum jewelry.

Platinum Jewelry We Buy

Midlands Gold buys all platinum jewelry, regardless of purity or specific design.

  • 800 Platinum, 800PT or 800PLAT
  • 850 Platinum, 850PT or 850PLAT
  • 900 Platinum, 900PT or 900PLAT
  • 950 Platinum, 950PT or 950PLAT

Other Kinds of Jewelry

Silver Jewelry

The majority of silver jewelry is “sterling”. This means it’s 92.5% pure silver. Despite it’s high purity, though, silver tarnishes, unlike gold and platinum. So silver jewelry requires a little more maintenance.

Sterling silver jewelry offers luster at a widely accessible price. Of course, it’s affordable, because it’s less valuable than other precious metals. Silver’s value is roughly 1/100th of the value of gold. So it would take one hundred silver rings to equal the value of one gold ring.

Silver holds a well-deserved place in the world of jewelry. Nonetheless, many folks are unpleasantly surprised at the market value of their silver jewelry when they try to sell it. Therefore, we only buy silver jewelry in large amounts, or if you bring it in with gold or platinum items.

Plated Jewelry

From a precious metal perspective, all plated jewelry is worthless. These pieces are comprised of ferrous cores (iron-based alloys), covered with a thin layer of electroplate. Gold-filled jewelry is the same, except the core metal is copper. Even heavy gold electroplate (HGE) and rolled gold (RG) jewelry, though they may cost more, are hardly worth anything. Midlands Gold does not buy electroplated jewelry.

Costume Jewelry

Costume jewelry does not contain any precious metal. Lots of costume jewelry features colorful beads and interesting embellishments. Any gold or silver parts are just colored. There’s nothing at all wrong with wearing costume jewelry, but Midlands Gold doesn’t buy it.

What’s Next?

Midlands Gold buys gold, platinum and silver of all kinds. How can we help you? Presumably, you’re interested in selling to us. Otherwise, you may be looking into a scrap gold fundraiser for your organization. We’ll explain everything and answer your questions. Click a button below to learn how each service works.

SELL TO MIDLANDS GOLD
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Jewelry Questions & Answers

We’re glad you asked. Learn more about Midlands Gold on our About Us page.

You must be 21 years or older to sell precious metals to Midlands Gold.

Yes. Midlands Gold is required by law to see and retain a copy of the seller’s Drivers License, along with some biographical information and details of the transaction.

Yes, we buy some silver jewelry. Silver is a lovely precious metal, but it’s far less valuable than gold or platinum. So a few silver necklaces aren’t worth much, and there’s nothing we can do about that. Therefore, we purchase silver jewelry only in large loads or if you bring it in along with other gold or platinum jewelry.

We don’t buy gold-plated, gold-filled or silver-plated jewelry. The actual precious metal content of such items is negligible.

No. Midlands Gold doesn’t perform jewelry appraisals.

Yes. However, it’s important for you as a seller to temper your expectations. Midlands Gold will offer you our best price, up front, always. It won’t be on par with the appraisal, though.

Jewelry appraisals are created for insurance companies. They provide a value so that you can purchase an adequate policy to cover damage, theft or loss. The appraisal is supposed to approximate the retail replacement value of the item. In practice, most appraisals set a value far above this number. In short, they’re inflated, especially relative to any piece’s precious metal content.

We take good care of our clients. Many of them tell us they’re surprised we paid so much. So please judge our offer in the context of our stellar reviews, not against an overpriced appraisal.

No. A jewelry appraisal is supposed to state the approximate retail cost to replace your item with a new and similar item. Many of them greatly overestimate even this value. Either way, appraisals are used for insurance purposes only and far exceed the value of an item’s precious metal content.

Yes, if they are of significant size and come with an appraisal or GIA paperwork.

Many pieces of gold and platinum jewelry contain melee. These are very small diamonds (technically, less than 1/5 carat). They simply add sparkle to a ring or pendant or accent a larger focal stone. There is a chance that we may pay more for your jewelry with melee, if it is a particularly attractive piece.

Conversely, we will pay more for a piece of jewelry that contains larger diamonds. If that piece comes with a written documentation, then we can pay even more. The document provides us with a formal approximation of the weight, color, cut, and clarity of your diamonds. That helps us calculate a more precise value.

Look for any of the following markings on your gold or platinum jewelry:
* 10K or 417 means 10-karat gold.
* 14K, 583, or 585 means 14-karat gold.
* 18K or 750 means 18-karat gold.
* 800, 850, 900 and 950, alongside PT or PLAT, mean Platinum

You don’t have to figure out these details, though. If you know your jewelry is gold or platinum, just bring it in. If you think it’s 10K, and we determine it’s 18K (worth more money), we’ll tell you. No worries. That’s how we do business.

Years of wear and use can rub off gold jewelry markings completely. Otherwise, they can be difficult to see without adequate magnification. If you believe that some of your unmarked jewelry is fine gold, platinum or silver, bring those pieces in too. We’ll be glad to look at them.

If you have questions about coins, we invite you to call us at 803-272-GOLD or visit our page about Coins & Rounds.

If you have questions about bullion bars, we invite you to call us at 803-272-GOLD or visit our page about Bars & Ingots.

If you have questions about antique silver, we invite you to call us at 803-272-GOLD or visit our page about Silver Sets.

If you have questions about dental gold, we invite you to call us at 803-272-GOLD or visit our page about Dental Gold.

If you have questions about selling your gold, we invite you to call us at 803-272-GOLD or visit our page about Selling Your Gold.