Why Now Is a Good Time to Sell Unwanted Jewelry in Canada

Should I sell?

If you have unwanted jewelry taking up room in your drawer, now is a good time to think about selling it. Gold and silver prices are sitting at historic highs right now — this is the window people wait for!!!! If you’ve been holding onto broken chains, mismatched earrings, old rings, or inherited pieces you never wear, this is exactly the kind of moment where turning an unused pile into cash actually makes good sense.

Most people sell jewelry that is no longer part of their life anymore — and the money would be more useful. Strong metal prices simply make that decision a lot simpler.

Unwanted doesn’t mean worthless

There’s a big difference between sentimental value and real market value. Jewelry becomes unwanted for reasons that have nothing to do with the metal: your style changes, clasps break, you get gifts you never loved, you inherit pieces that aren’t you, or you end up with sets that don’t match your life anymore.

And here’s what matters: scrap value isn’t judging any of that. It doesn’t care if something is scratched, outdated, missing stones, or slightly bent. If it’s gold (10K, 14K, 18K) or sterling silver (925), the metal content still has value. Even “small” items can add up quickly when you put them together as one lot and weigh them properly.

Why “now” matters in Canada

People pay attention when gold prices make the news, but most selling is motivated by everyday life. You want to free up cash. You want less clutter. You want to stop hanging onto things you don’t use.

What makes “now” different is simple: metal prices are strong, and Canadians are paying more attention to where their money goes. Costs are up, budgets are tighter, and people are cutting what isn’t useful. That’s not fear — it’s being realistic.

For some, selling means paying down a balance. For others, it covers an expense, pays for a vacation, or builds a bit of breathing room. Cash you can actually use today is often more valuable than jewelry sitting untouched in a drawer!

The Drawer Effect

If you don’t know where to start, start with the easiest category: broken items, single earrings, mismatched pieces, and anything you already know you’ll never wear. The “drawer pile” is usually the best place to begin because it’s already been quietly sorted by real life — it’s the stuff that stopped making the cut.

This is also where the value tends to hide. A chain that’s too tangled to bother with, a bracelet with a broken clasp, a ring you haven’t worn in years, the lone earring you kept “just in case.” On their own, they feel minor. Together, they’re often exactly the kind of lot that turns into a meaningful payout when metals are priced high.

Three things make a quote accurate:

• A photo of everything laid out (so nothing is missed)
• A close-up of any stamps or hallmarks (10K / 14K / 18K / 925 / 585 / 750)
• A photo of the total weight on a digital scale — in grams

That’s it. When you send those, you’re not “hoping” for a fair quote — you’re making it easy to get an accurate one.

What people forget to include

Many sellers only think of rings and chains. But the forgotten items are often the ones that add up:

• Single earrings (yes, even one)
• Broken chains, clasps, and bracelets
• Charm bracelets and loose charms
• Worn gold bands with engravings
• Mixed lots where you’re not sure what’s gold and what isn’t

Mixed lots are normal. A fair buyer will sort what’s precious from what’s not and explain how the pricing works.

A straightforward next step

If you’ve been waiting for the right time, this is it. Gold and silver prices are at historic highs right now — the kind of pricing environment that can make a real difference in what you get paid!!!! Unused jewelry is still value. The only question is whether you want it sitting in a drawer or doing something useful.