Fix a Loudspeaker or Trash it?

Nothing lasts forever including loudspeakers. Sometimes loudspeakers break. It might be from age or a 3 year old sticking a pencil through your driver. You then have to decide do I fix the speaker or get new ones. There are of course multiple considerations when you reach this point.

1. How old are the speakers
2. How good are the speakers (and how expensive)
3. Can I get an exact match on the drivers
4. And of course how much money do I have

Reasonable price on speakers If you have the money and your speakers are more than 10 years old and cost less than $500 to start with, the best solution might be to buy new ones. After all you've used them for 10 years at a cost of $50 a year which is not bad. Plus it's unlikely you'll find a driver that is an exact match at this point.
If the speakers cost a great deal more and you love them it might be worth looking for a replacement driver. First check with the manufacturer but if they don't have one then search google for replacement speaker drivers.

The main thing to remember is just don't go to Radio Shack or some other generic source and put any old driver in the broken speaker, it just won't sound right.
In many cases replacement of the set is likely the best idea. The good thing is that today there are many discount speaker companies out there that make excellent products even though they are not "name brands". Search Google for Discount Speakers for a start.
Think of a broken speaker as a chance to view your music through a fresh lens of new speakers. You might hear something unexpected.