HOW TO SELL JEWELRY LIKE A PRO

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CBuyers.com

How to Sell Jewelry like a Pro

Not all that glitters shines. This saying could possibly be the best way to describe

what happens when you decide to finally sell some of your jewelry. In most cases, estate

jewelry is a real headache, because you don’t even know what you’re dealing with most

of the times and in some cases you have to part with some pieces you’re emotionally

attached to, whether you like it or not.

Because it often happens that you don’t have any documentation for the jewelry at

hand, and have to rely on stories passed on within the family, it’s no surprise that a jewel

supposedly very valuable and inherited by your grandmother from her mother and so on

is in fact worth very little. Of course, it was a prized possession in the family, but for a

buyer this doesn’t help much when you try to obtain a good price for it.

However, if you want to sell jewelry, regardless if estate or not, here are some tips

about how and where you are most likely to get a good price. Keep in mind that you can’t

expect to receive the retail value of a jewel, because no one would buy it from you under

this condition. Every buyer or dealer is trying to make a profit, so you can’t expect them

to pay what they’d pay a retailer.

1. Online auctions. This is a great opportunity to sell jewelry that’s rare, very

valuable or something a collector might be interested in. The downside is you’ll

have a lot of competition, with people selling jewelry at very low prices and

buyers who don’t always come through with the payment. You will also need to

pay some extra fees, depending on the auctioning site, an in the case of online

payments, commissions are almost always something you should beware of. If

your jewelry is nothing out of the ordinary, it’s very hard to find a buyer and even

harder to get a decent price for it.

2. Consignments. These stores are practical if you don’t have the time or the

willingness to deal with the selling process yourself. They’ll do all the work for

you and you’ll cash in the money after the sale is done. Unfortunately, you lose

all control on the sale, because you get no saying in how the price is set, nor will

you have a deadline for it. Consignments make their own evaluations, set the

price and give you the money after a buyer turns up. Sometimes it can take weeks,

or even months, so if you need the money sooner, tough luck, you’ll have to wait.

Consignments won’t do the sale for free, because they wouldn’t make any profit

out of it, so there will be definitely some fees you have to pay at the end, just

make sure you know beforehand how much.

3. Auction houses. Like online auctions, this is an alternative for those who have

signed jewels, rarities or antiques. An auction house will sell your jewelry only if

it’s appraised and authenticated, so if you don’t have any paperwork, prepare to

spend some money on appraisals. Auction houses will also take a percentage of

the sale, so don’t start auctioning jewelry off if you don’t know for sure if it’s

going to be worth it.

4. Pawn shops. Pawn shops will usually offer you the lowest possible price for

jewelry. You get cash on the spot, but keep in mind pawn shops don’t care much

if your jewelry is a collectible or how old it is. They weigh the jewelry and

establish the purity (in the case of gold jewelry) and that’s it.

5. Private sales. You can try to sell jewelry to a private buyer, an acquaintance or

someone you find by placing a newspaper or online ad. In this case, you set the

price and wait for the right buyer to show up. The best part is you can get what

you ask for, if you establish a realistic price and are willing to negotiate a little.

The disadvantage is you don’t know how long you have to wait for a serious

buyer. Don’t get tricked into sending the jewelry before you get paid and always

be careful when meeting a buyer in person. Some skilled scammers are able to

take off with a jewel in their pocket without you even realizing it.

6. Refiners. Refiners are the last stop for any old, broken or damaged jewelry, so

don’t expect them to be interested in anything else but the precious metal in it.

After the jewel is melted and refined, you’re getting paid part of the metal’s value,

depending on the refinery. Be careful thou, once the jewel is melted, it’s gone.

You can pass on the offered price, but you’d be going home with a blob of metal

instead of a jewel.

7. Dealers. Dealers are a fast and easy option because the jewelry is verified, the

price is established and you get the money on the spot. Be aware of dealers who

are only for one day in the city, because they’re trying to make easy profit and

buy jewelry at low prices, by pressuring you into selling because it’s a “once in a

lifetime opportunity”.

So there you have it, the best tips to sell jewelry like a pro, knowing exactly where

and how to sell, depending on what you have. Regardless of what anyone might say,

jewelry is still a great way to make some cash fast, so it’s definitely something worth

considering.

Best NYC Buyers is a reputable dealer in the NYC area, offering the best possible

price for gold jewelry, platinum jewelry, silver jewelry, old, broken or damaged jewelry

and estate jewelry. If you need to sell a jewel, or just if you want some advice, the

friendly staff is ready to assist you in any way. Some of the best jewelers in the state are

ready to offer their services and to provide you with all the information you need.

For More info Visit: Sell Jewelry NYC