When it comes time to sell your jewelry it is important to take the time to get it appraised before you make a decision. The reason for this is because a lot of the times people commit to a sale price they later find out they were ripped off and could have received a lot more for their jewelry.
Question: But what exactly is an appraisal?
Answer: An appraisal basically involves an evaluation of your item to determine its current market value.
There are a number of different factors that go into an appraisal. American Coins & Gold shares the top 3 common methods used during an appraisal: below:
- Brand Names – By determining the brand of a certain piece of jewelry an appraiser can gain a lot of information regarding its value. This is often accomplished by finding a model, serial number, or a manufacturer mark. We all know that brand names fetch more money and this is because they are created abroad by famous top of the line designers.
- Gold Karat – If your watch, necklace, earrings or bracelets are made of gold, the appraisal will consist of a karat test of the gold. The higher percentage of pure gold in a piece of jewelry, the higher the karat and subsequently the payout.
- Diamond Jewelry – For all jewelry containing diamonds an evaluation technique nicknamed ‘The 4 C’s’ will be competed. This appraisal technique looks closely at the diamonds cut, clarity, color and carat.
In terms of the actual appraisal process, all you have to do is bring in your jewelry items into your local jewelry location and request an appraisal. This should be provided to you free of cost. The appraiser will look at your item examining it using a number of tools including scales, magnifying glass, and special measurement instruments.
Looking to get a free appraisal in NJ, NY, or CT? American Coins & Gold has 6 locations to provide you a no obligation evaluation!