What to Do when You Want to Buy and Sell Jewelry
There are many different methods that you can use to buy used pieces of jewelry. However, if you’re looking to sell either broken or unwanted jewelry, and you want to get the best price possible, there are a few things that you need to consider.
There are many places that you can sell your unwanted or broken jewelry to from online gold buyers to pawn shops and jewelry stores. However, there are some things that you need to do ahead of time to ensure that you’re dealing with a reputable jewelry buyer that you can get an equitable price when when you decide to buy and sell jewelry.
The first thing you want to do is your homework. You can find various jewelry testers online that will allow you to determine what type of precious metal your jewelry is made from. You can also purchase a set of scales to help weigh the jewelry. This is going to be beneficial because knowing how much precious metal exists in the jewelry that you’re looking to sell can help you to determine a ballpark figure when it comes to the value of jewelry.
If you’re only selling one or perhaps two pieces of jewelry, this sort of homework may not be necessary. However, if you’re selling a large quantity of jewelry, it may be worth the investment of money and time.
If you’re only selling a few select pieces of jewelry, you may want to consider having the jewelry professionally appraised. It’s also a good idea to look for an appraisal independent of the business that you’re considering selling your jewelry to. Having the same purchaser do the appraisal can be a major conflict of interest and you’ll never quite know if you’re getting an accurate appraisal for the jewelry that you’re looking to sell.
There are many other things to consider when you want to buy and sell jewelry, however, following these simple tips will help you ahead of time to know an estimate of what the jewelry is worth. This will better equip you when you visit a jewelry store, a gold buyer or a pawn shop with a soul purpose of selling unwanted or broken pieces of jewelry. Watch our business videos on our YouTube profile!