Months into the COVID-19 pandemic, the economic consequences of the virus are clear. Whether you were furloughed or have had to work the cost of child care into your monthly budget, you’re probably eager to make extra money where you can. In this case, scrapping gold and silver may be a resourceful solution. Whether you’re holding onto unwanted jewelry or want to remount a current piece, use the following guide to learn more about your cost-effective options.

Why Should You Scrap Gold & Silver?

Just like you might take an old car to the salvage yard, you can sell your gold and silver jewelry in exchange for money. This is an excellent way to make extra money without having to spend hours on the job or listing your relatively inexpensive clothes and household items on sites like eBay. 

To scrap your gold and silver, simply go through your jewelry box, attic, and garage. Collect the pendants, bracelets, and earrings you no longer wear, as well as your husband’s old cuff links and that sterling silver flatware. When you bring it to the jewelry store, they will melt down the genuine metal, so it can be recycled, and offer you cash in return.

What Are Your Other Options?

If you’re not ready to part with your favorite pieces, you could also have the existing setting melted down, and have the gemstones remounted. For example, if you have a sapphire ring in a yellow gold setting, you could remount it in white gold, then scrap your yellow gold against the remount. This way, you can hold onto that stone with sentimental value and still make a cost-effective decision.

If you’re interested in scrapping your gold, silver, or platinum jewelry, head to Klass Jewelers of Florence, KY. They offer free consultations and estimates, so you know what to expect once your old pieces are melted down. Since 1969, they’ve been supplying customers with perfect gifts and memorable pieces to call their own. Whether you’re interested in scrapping or remounting, call (859) 525-7500 to speak with a friendly staff member. You can also visit their website to browse their stunning selection.