When it comes to the personal jewelry that you’d like to sell, the main rule is something only has real value when someone wants it.
For instance, if you take your fine jewelry into a pawn shop and expect a good deal – forget about it, says a long-time pawnbroker with a wink of the eye. In turn, he explained how savvy pawn shop owners is to offer the customer “as little as possible” in hopes they will just say okay and take the pennies on the dollar that they are offering you for a nice diamond ring or designer watch.
Selling jewelry safely
The best way and means to sell jewelry today is to research what the current market value. Also, the best research requires someone to view your items and give you a free appraisal. In addition, there are various jewelry catalogs and price guides available both at your local library and online.
However, it is one thing to find a like item of jewelry on eBay, and another to actually sell it for that price. For example, the items listed on eBay do not reflect the true market value. In turn, there are many eBay sellers who start out an item low with hopes it will sell for much more when the bidding ends.
Thus, the idea that you’re going to make lots money selling your jewelry — on eBay or other online auctions– is pie in the sky because the online market for jewelry is saturated with millions and millions of jewelry items.
In addition, the so-called eBay playing field is not really level when it comes to jewelry because you can find just about anything and everything for just a few bucks, says a long-time jewelry salesman.
Jewelry valuation called a guessing game
At the end of the day, anything gold, silver or with real diamonds has value when it comes to a general view on jewelry valuation. However, one must understand the type and true amount of gold or silver that’s contained in a piece of jewelry. Therefore, it is advisable to visit and learn on websites like www.selluseddiamonds.com or personally visit a specialist.
For example, a jewelry owner commenting online said she sold several gold and diamond rings and a silver and diamond necklace at an online gold and silver scrap metal site.
She was told the rings and necklace would be melted down; while the diamonds did not make a difference since the company’s goal is to just pay customers for their scrap gold or silver.
Buyer beware when selling jewelry
Overall, the best tips for selling jewelry is linked to the view that seller beware because you can’t expect a pawn shop or online site that buys jewelry will give you a better deal than the one they wish to make for themselves.
In other words, it’s seller beware in this day and age when most jewelry buyers only want to pay you 10 or 20 cents on the dollar because they are in business to make money while not doing you any favors, explained a jewelry salesman.
The safest way to sell jewelry is with an expert who you can trust at a local jewelry store, adds the salesman.