Turning Broken Gold and Silver Jewelry into Cash with Alloy Market

This CNBC "Your Money Minute" segment with Jessica Ettinger explains how to get cash from broken or unwanted gold and silver jewelry. It highlights CNBC Select correspondent Liz Kannevan's experience using the Alloy Market mail-in service. The video covers why small jewelry items may be worth selling and how the service operates.

■ Selling scrap jewelry
- Small and broken gold/silver items can have value.
- Reasons not to discard them.

■ Alloy Market service experience
- CNBC Select correspondent sent broken jewelry via a mail-in bag.
- She notes she did not compare other offers.

■ How Alloy Market works
- Melts unusable materials for a percentage.
- Resells usable items online, with extra payment if resold.

■ Holiday cash and next steps
- Suggests getting cash from overlooked items.
- Directs to CNBC Select article at cnbc.com/select; affiliate commission disclosure.

The segment is suited for viewers with small amounts of scrap jewelry who want a brief overview of one selling option. It provides a starting point to learn about the process and where to find more detailed reporting. Viewers can read the linked article to evaluate whether the service fits their needs.