As professional jewelry appraisers, we have seen countless people who have sold their jewelry for a fraction of its actual value. It’s not that they didn’t want to get a good price, but they simply didn’t know how to determine the true value of their jewelry. If you are in a similar position and have jewelry that you want to sell, this article will provide you with valuable information on how to determine the actual value of your jewelry before you let it go.
Why sell your old jewelry?
If you want to sell your jewelry, there are many reasons for doing so, perhaps you inherited it from someone and don’t have any personal attachment to it. Or, you may have outgrown the style and want to upgrade to something new. Regardless of your reason for selling your jewelry, you will be able to earn some extra cash. How to determine the value of your jewelry.
How to determine the value of your jewelry
You can determine the value of your jewelry by looking at several factors, such as the metal, the gemstones, the craftsmanship, and the brand. Your jewelry should be appraised by a professional appraiser to determine its true value. An appraiser will examine your jewelry and write a detailed appraisal that describes the metal quality and gemstone quality of your jewelry, as well as the current market value.
Over time, your jewelry’s value may change. The market value of gold, for example, can rise or fall depending on the economic conditions. Similarly, the value of gemstones may vary depending on their rarity and demand. Therefore, it’s a good idea to get your jewelry appraised periodically to keep track of its current value.
Where to get jewelry appraised for free.
Although having your jewelry appraised might be expensive, there are a few alternatives to do so for little or no expense. You can inquire if your neighborhood jewelry store offers free appraisals to its consumers by visiting its website. Another option is to look for professional appraisers like Truval who offer free appraisals.
Where can you sell your jewelry?
Once you know the actual value of your jewelry, you can start looking for places to sell it. There are several options available, including online marketplaces, pawnshops, jewelry stores, and auction houses.
Online marketplaces
Online marketplaces such as eBay, Craigslist, and Facebook Marketplace can be good options to sell your jewelry. These platforms allow you to reach a larger audience and set your own price. However, selling online can be risky, as you need to be careful of scams and fraud.
Pawnshops
Pawnshops are another option to sell your jewelry. They offer you a quick cash option, but the price you get may not be the actual value of your jewelry. Pawnshops have to keep a margin for themselves to make a profit, so they may offer you a lower price than the actual value.
Jewelry stores
Jewelry stores can be a good option if you are looking for a hassle-free selling experience. They will buy your jewelry at a fair price, and you don’t have to worry about finding a buyer. However, the price they offer may be lower than the actual value, as they too need to make a profit.
Auction houses
Auction houses can be a good option if you have high-end jewelry that is rare or unique. Auction houses have a pool of buyers who are willing to pay a premium for rare and unique items. However, auction houses charge a commission fee, which can be as high as 20% of the selling price.
Tips for selling your used jewelry.
Here are some tips that can help you get a good price for your used jewelry.
Clean your jewelry
Before you take your jewelry to an appraiser or a buyer, make sure to clean it thoroughly. A clean and polished piece of jewelry looks more attractive and can fetch a better price.
Do your research.
Research the current market value of your jewelry before you sell it. This will help you set a realistic price and avoid getting ripped off.
Be realistic.
Be realistic about the price you expect for your jewelry. Don’t expect to get the full retail price for a used piece of jewelry.
Negotiate
Don’t be afraid to negotiate the price with the buyer. You may be able to get a better price if you are willing to negotiate.
Selling your old jewelry can be a great way to make some extra cash, but it’s important to know the actual value of your jewelry before you let it go. By getting your jewelry appraised by a professional appraiser such as Truval and doing your research, you can ensure that you get the highest value for your jewelry.