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Should you really donate gold or silver for charity recycling.. Find My Recycler says NO!

Does your donation count as recycling? Will your good-cause receive the full benefit of your donation?

Recently there has been a deluge of requests by groups and charities across the UK and the USA, and infact the world, requesting that you Donate your old jewellery to their cause...

TV advertisement that started by asking for £2 per month, which recently rose to £3 per month and also to £5 per month have risen in numbers of late and it doesn't stop there.

It is a growing concern that some of these charities, or the companies collecting on their behalf, are no longer satisfied with selling old clothes, toy, books and other objeda that are donated out of the goodness of the heart of the general public.. At Find My Recycler, lately, and moreso since the recession has taken a grip of the purse, together with the increase in the price of precious metals to take the value far beyond previous recorded values, we have noticed a boom in the requests for subject headers like:

'Donate by Recycling your old and unwanted gold and silver, costume jewellery, watches and foreign coins'.

Further examples:

  • Donate your old jewellery! You can help national disability charity ######## raise much-needed funds by recycling any unwanted, old or broken jewellery you might have.

  • Donate your old jewellery! You could also donate your old jewelry to ###############. Recycling is a great way to decrease the demand for freshly mined metal.

  • Donate your old jewellery! The charity is looking for old or unwanted gold and silver, costume jewellery, watches and foreign coins.


  • Please, be aware that the current price of the requested metals and jewellery far outweigh the value of your normal gift of clothes or toys or books. Find My Recycler recently published a story Charity received just £5,500 in 2009 from £1.9m trade in old shoes by Guardian Newspaper that shows the profits that can be made by the companies that are collecting on behalf of these charities. These companies in some cases, have been set up purposely to cash-in on the fortunes that can be made for the individuals that run the companies receiving donations for charities.

    Also be aware that the jewellery that is in good order will sometimes be sold off rather than recycled therefore making a greater profit still.

    If you wish to dispose of your jewellery by donating it to charities or non-profit organisations, even for donating to findmyrecycler.co.uk, here is a suggestion on how to go about it in a way that you cut out the middle man that is making fortunes from your donations...
    Go to your local Gold Buyer, nowadays there is one in virtually every town, usually the local pawn broker. Ask them to offer you an amount for your old and unwanted gold and silver, costume jewellery, watches and foreign coins.

    Before you go check the daily rate for gold, silver, or any other precious metal you are taking.. for instance, here in the UK the price for 1 gram of 9kt gold today is in excess of £13 or around $20.50. If you can, weigh your metals at the post office before you go to assess a general weight of your waste gold or silver so you know roughly what to expect to be offered.

    If you are still sure you wish to make a donation to your favorite cause, you can then choose the value and issue them a cheque (check) for the amount rather than cash.. Cheques have to be presented to a bank and therefore you can be sure that your good-cause is actually going to receive the funds you are donating..