We all know how valuable gold is and if you’ve checked the markets recently you would know it is great time to sell. But before you grab your jewelry it pays to consider some of the jewelry selling basics to ensure you get the most money!
#1 – Jewelry Shops Pay Different Amounts
Location matters. Depending on what jewelry store or precious metal buyers you go to the payout for the same piece of jewelry can vary by a wide margin. This is even true on a local level and has been tested countless times. There have been cases of stores in the same town offering very different amounts. In other words, make sure you pick the best location when it comes time to sell and your pockets will be happy.
#2 – Real Vs. Fake
It can be heartbreaking to find out you have fake jewelry but on the other hand a great surprise when it ends up being real. While there is a lot of fake jewelry out there, and even some amazing knock offs it still pays to get your jewelry appraised. The best best in this circumstance is to bring the jewelry in to a trusted jewelry dealer and get their professional opinion on the validity of the item. Antique jewelry can also be very valuable, depending on what you have. We have all heard the stories about grandparents passing down jewelry worth more than ever imagined.
#3 – Items Of Value
The value (AKA Cash Payout) mainly depends on the material of your jewelry, the condition it is in, and the rarity of your items. All kinds of jewelry exists such as gold, silver, platinum, gold plated, sterling silver, bronze and more. Another factor that can determine value is brand. Some brand name jewelry is known world wide and fetches top dollar, even after decades. By doing some research online you might be able to get a ball park figure but the only real way is to get it evaluated.
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