Types of Gold You Can Sell: Jewellery to Scrap

Are you thinking about turning your gold into cash, but are not sure if what you have is actually worth anything? Many people believe only nice, fine jewellery can be sold. But that’s not true. Different types of gold can be sold, and they can give you great value for money, sometimes more than you would have expected.  

It could be broken or old gold jewellery, gold coins, small gold pieces, or even scrap gold. The key is understanding what you have. Once you know the type of gold you have, you can make a smart choice and feel confident that you’re getting a fair payout.

Let’s go through the different forms of gold and their types. Read on.

Gold Jewellery

Gold jewellery is the most common type of gold people own. This includes rings, necklaces, bangles, bracelets, earrings, and pendants.

Jewellery is usually not made from pure gold. Around the world, gold is alloyed with other metals such as silver, copper, or zinc to strengthen it and make it more suitable for everyday use. Pure gold, which is 24K, is very soft and can bend or scratch easily, so it is not practical for making jewellery that people wear regularly. That is why most jewellery is made in different gold purities. In Australia, you will commonly see jewellery made from 9K, 14K, 18K, or sometimes 22K gold, with the remainder of the metal a mix of other alloys added for strength and durability.

When you sell gold jewellery, the value is usually based on how much pure gold is inside the piece. The design or craftsmanship of jewellery can sometimes be appreciated by collectors, but this is usually subjective and depends on personal interest. In most cases, it does not change the payout when you sell it. The value offered by gold buyers is generally based on the amount of gold in the piece, which means its weight and purity, rather than the design itself. 

Scrap Gold

Scrap gold simply means gold that is broken, damaged, or no longer wearable. Many people think broken jewellery has no value, but that is not true.

Scrap gold can include:

When it comes to broken gold jewellery value, the look of the item does not matter much. Gold is still gold, even if it is scratched or damaged. The scrap gold price in Australia depends on the weight and purity of the gold, not its appearance. So if you have damaged gold pieces at home, you can sell your gold for cash to a trusted gold buyer in Australia.  

At Cash Your Gold, we accept your precious metals like gold in the form of broken pieces, offering you the best payout. If your gold is sitting in your drawer unused or you own broken pieces of gold, we value them with 100% transparency, so you can sell your gold confidently.

Gold Bullion

Gold bullion is made from 24K gold and, unlike jewellery, doesn’t include much craftsmanship. Because of this, it is simple to value and easy to resell. Gold bullion can come in different forms, such as:

• Gold bars

• Gold rounds

• Gold ingots

Since bullion is made in a standard way and its purity is clearly known, it often gives stronger and more straightforward payouts compared to jewellery.

Below is the table showing the difference between types of bullion and their features. 

If you’re thinking about selling gold bars in Australia, you can contact Cash Your Gold to check the current gold price. Before we buy your bullion, our team carefully tests it to confirm the purity and gold content. This makes sure everything is clear, fair, and accurate.

Gold Coins

Gold coins can be either investment coins or collectible coins. Investment coins are valued mainly for their gold content. Their price follows the live gold market.

Some older or rare coins may have extra value because collectors want them. If you plan to sell gold coins in Australia, it helps to know which type you have. A professional buyer can explain this clearly and guide you through it.

Here’s a simple and easy-to-understand table showing the difference between investment coins and collectible coins: