There are many reasons why people want to sell their jewelry. Some may have inherited precious metals, diamonds, or gemstones that they do not want to keep, while others may want to get rid of damaged or irreparable valuables. While it's a quick way to get cash in a financial emergency, it's also good to know how to get the most out of the sale. Follow this guide to learn what you need to know before you decide to sell jewelry.
What is Your Jewelry Worth?
To get the most money out of your jewelry, you need to know what it's worth. A professional appraisal of your jewelry will give you an idea of how much it could sell for. Keep in mind that your appraiser may be determining the retail replacement value of your jewelry, not the resale price. Appraisals come with a fee that can range from $150 to $350 per hour, so some tend to forgo them if they know their item is not worth much. However, think twice before skipping an appraisal, as sellers are often unaware of how rare their jewelry actually is and end up selling it for less.
Condition is another factor that will determine the selling price of your jewelry. Valuable pieces that are worn out will lose value. Therefore, you should clean them thoroughly before selling them. If you do not know the correct way to clean your pieces, you should hire a professional jeweler to do it for you.
Previously owned or estate jewelry may not be popular with buyers either. Because it is a style-dependent industry, some jewelry styles can last for decades while others fade within a few months. On the one hand, outdated valuables may not fetch top prices, but on the other, some jewelry pieces are highly desirable and collectible antiques. It pays to know your jewelry and what it's worth.
Where to Sell Your Jewelry
There are several ways you can sell your jewelry. Perhaps you know a friend who wants to buy your pieces, and you need to agree on a price that is fair to both of you. This way, you can get the highest price for your jewelry to a person who wants it.
Another option is to sell them online. These days, anyone can buy, sell or bid on any type of item on countless internet platforms. Whether it's eBay or Craigslist, it's easy to post your jewelry online and wait for a buyer to come forward. But beware: online buyers may bid too low, refuse to pay, or even not return the item if the offer falls through.The best place to sell your jewelry is your local jeweler. As professionals, they are likely to know more about your pieces and pay you what they are worth. Reputable jewelers offer a range of services to meet your needs: you can sell your pieces directly to them, consign with them, send large or rare pieces to industry auctions, or broker diamonds. If you are looking to sell jewelry, bullion, or bars, AGR Gold has a fast and easy process that helps you get the most out of your precious metals.