Most Profitable Tips to Sell Gold and Silver Jewelry to Get the Best Value

Oftentimes, jewelry symbolizes treasured memories in one’s life. Whether it is already broken or something that you are no longer using, you would still want to get the best price for it.

Tips for Selling Gold and Silver Jewelry

When selling jewelry, its emotional value might also be considered. (Image Source: Pixabay)

We have collected the following tips that will help you get the best value for your jewelry. After reading the material, it will help make your next transaction easier.

Know your jewelry’s worth

The first thing that you need to do is to know the value of your jewelry. Get an appraisal so you will know if your jewelry has a greater value beyond its “melt value”. Who knows, you might be holding an antique or a unique piece that is better off selling at its original state rather than for its gold or silver component.

Once it is confirmed that your jewelry is not extra special, then you have to bear in mind that it is not pure gold or silver. This means that it can only be sold based on its melt value. The melt value or the value of the silver or gold content is determined by weighing the item and finding its karat-mark which determines the purity of the metal.

Once you have the weight and the karat, you can already check the melt value of your jewelry using online calculators. You must also manage your expectations. Most of the time, you will not be able to sell your jewelry at the price that you bought it and you will only be able to recover a portion of its market price.

Look for a Trustworthy Buyer

After determining the estimated value of your gold or silver jewelry, the next step will be to find a reputable buyer. There are different Colorado jewelry stores to choose from if you intend to sell silver in Colorado Springs. But of course, you would only want to find the best place to sell jewelry in Colorado Springs.

To do this, you may shop around to compare offers from different buyers. You may shortlist your potential buyers, and check out their online reviews. Some would consider selling their jewelry by mailing it to companies but if you want faster and safer transactions then consider selling locally.

Take precautions and countercheck

Even if you already have chosen a reputable buyer, it would still be helpful if you take precautions. You may take photographs or documentation of your jewelry especially if the buyer will still need to do more tests to come up with an offer. You must also check the buyer’s reimbursement policy that you might need in case of loss.

Know your jewelry’s true worth so you can sell it at the best price. (Image Source: Pixabay)

Looking for the Best Place to Sell Jewelry in Colorado Springs?

If you want to sell your gold or silver jewelry in Colorado Springs, then you have come to the right page. We at Lane Mitchell Jewelers take pride in giving the best prices in buying your jewelry.

We are proud to say that we adhere to our core principles which are honesty, integrity, and exceptional customer service. If you wish to get in touch with us, you may visit us at 102 E Pikes Peak Ave, Colorado Springs or contact us at (719) 632-1170.