Two Options for Old or Broken Platinum Jewelry

Platinum sometimes gets overlooked as a source of value in your jewelry box - its similarities to silver lead many to mistake it for silver if they’re not totally educated about the jewelry in their possession. But there is a treasure trove to be received if you’re willing to take a look at the platinum in your collection - even if you’re only looking to sell old or broken platinum articles.

This article will grate all of the questions down to the bare bones and provide you with two essential options for recycling and selling your old or broken jewelry. This is because there are typically two routes you can take with your jewelry - reconstruction, or resale.

#1 Option: Reconstruction.

Reconstruction is the option for those who want to keep their platinum jewelry, plain and simple. Even if an article of jewelry is old or broken, it doesn’t mean that you necessarily have to part with it; especially if its value lies in your heart more than in your hands. So you’ll want to explore the “reconstruction” option. If not, feel free to skip ahead to option #2.

In option #1, you’re looking at the possibility of spending money for your article of platinum jewelry, not necessarily earning money from it. If you’re comfortable with this, then you’re ready to proceed.

Reconstruction and restoration of your platinum jewelry means you’ll have to expend something into the process - whether that’s time, energy, money, or some combination of all three. It’s possible it might be limited to just one - such as by spending money to have a jeweler take care of the process for you. It’s also possible to undertake the restoration yourself, meaning you’ll have to expend time and energy but not necessarily money.

Whichever route you decide to go, be sure to begin the process by having a jeweler look at your article. Ask them plenty of questions, and ask them your options for restoring it. If jewelers are eager to offer you services themselves, feel free to take it, but also feel free to shop the jewelry around a bit to see if you can get a better repair or restoration price somewhere else. If you know and trust the jeweler, this step may not be necessary.

You could also do some personal research and make a fun project out of repairing the jewelry yourself, but this is usually an option for platinum fanatics who don’t mind spending the energy as part of their hobby.

#2 Option: Resale.

Resale is becoming more and more popular these days, and it’s not hard to imagine why. Tough economic times sometimes make people return to the old precious commodities as a source of wealth, and platinum is no exception. There is a good amount of money to be mined from your jewelry box, even if your platinum jewelry is old or broken. If a piece of jewelry has no more life as a piece of jewelry, it might be reborn simply as platinum.

There are plenty of online brokers who are willing to work with your platinum to make this happen, and they’ll pay you fairly for it. They’re also frequently trustworthy, and work with plenty of clients to have a well-thought-out process for re-selling your platinum in different states and different countries, depending on where you live.

This is obviously more profitable than option #1. You’ll be receiving real money for your real platinum, os much of the work will be done for you. Whereas in option #1 you were either paying someone for their work or having the work done yourself, this option will see much of the work happen on the other end.

This means that online brokers are willing to send you insured mailing for the transaction, not to mention handle all of the recycling themselves. They’ll be able to offer less, perhaps, than what a jeweler might be able to offer you for a full piece of jewelry, but this doesn’t mean the sum you’ll receive is necessarily insignificant.

Instead, you’re looking to receive a healthy check for the platinum you can provide. If you can provide a lot of the precious metal - or even gold or silver for that matter - then you might consider an online broker as a perfectly viable option.

Where do you go from here? You could try the standard routes - browsing the internet, for example, or you could try our recommendation: PlatinumPaq. PlatinumPaq will provide the exact processes explained above and will be with you every step of the way in helping you with your old or unused platinum. Remember; it’s just money and that doesn’t mean this can’t be a simple, fun process.

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