Have a piece of jewelry that you no longer want or need some extra cash? Don’t know how much it’s worth or where to go so you don’t get ripped off? If these questions are running through your head then these 3 tips provided by American Coins & Gold will help you out.
1 – Find A Trusted Buyer
This is the first tip because it is the area that is the most important. When it comes time to let go of a precious necklace, bracelet, watch, or ring it always pays off to only deal with a trusted & secure jewelry buyer. Unfortunately we hear stories all the time of people who went to craigslist or through a “friend” to sell jewelry.
In order to avoid being ripped off always do you research before meeting with a potential buyer. You can read reviews online or ask family members for suggestions if you do not know where to start. If you make sure to follow this tip you will ensure the highest payout when you sell jewelry
2 – Don’t Overestimate
It is important to remember that a jewelry buyer is the middleman and cannot always offer you the retail value you paid for the item. The best jewelry buyers work with trusted wholesale buyers who pay them a fair price for all their jewelry. Also, an important idea to remember is the asking prices you see online such as on ebay and similar sites are often not what the seller will receive. That is merely them being ignorant and thinking they can get a much higher payout than possible.
To get an accurate idea of what your jewelry is worth it is best to get a free appraisal.
3 – Trade In To Upgrade
If the reason for you selling your jewelry is to purchase a piece of higher value you should consider trading your jewelry in to upgrade rather than selling then purchasing from someone else. This can actually help you save a nice chunk of change is the dealer has the watch, necklace, earrings, ring, or bracelet that you are looking for. It never hurts to ask!
About the author: American Coins & Gold has 6 locations in NJ, NY, and CT that buy coins, gold, jewelry, currency, precious metals and more.
Call today! (908) 575-9400