Are you planning to sell jewelry that has been with you or your family for years? Gifts or not, jewels are not something you’d necessarily hang onto forever. Also, there have been cases when selling them off proves as a more beneficial option.
But do you know where to sell jewelry in Colorado Springs that will give you the most profit?
Before you start your search, it is important to perform a pre-sale process that helps you guarantee a more lucrative transaction.
All that glitters are gold. (Image Source: Pixabay)
While many believe that heirloom pieces fetch a good price because of their age, the actual outcome might disappoint. According to the National Association of Jewelry Appraisers’ Howard Rubin, it’s often rare for a secondhand piece to be sold at a price close to the amount when it was purchased.
There’s a huge possibility that the fancy jewelry you plan to sell yields the same outcome as when you sell silver in Colorado Springs, price-wise.
A qualified appraiser can give you the ballpark value of used jewelry. This helps you to better manage your expectations. Remember, you are selling a secondhand piece, the price of which may not be equal to some antique pieces.
A professional appraisal would also teach you about why a diamond or gold piece is likely to have a lower value than others. In terms of diamonds, for example, the color, cut, clarity and carat weight determines its sale price.
Used jewelry may not always fetch a high price, but a damaged one would be less profitable and harder to sell. So make sure to have secondhand jewelry fixed when needed and restored to its former sheen and shine.
A little cleaning of warm water and dish soap will suffice. But a professional touch can make a huge difference. This is also the best route to take if you’re not sure which cleaning agent is safe for jewelry.
There are jewelry stores that offer cleaning services for free. Some even offer to clean, following an appraisal. Now that you’ve managed your expectations and have the jewelry appraised and restored, it’s time to sell it.
More precious than gold or just a piece of rock? (Image Source: Pixabay)
Your best bet is to sell your used jewelry to a pawnbroker or a jeweler. The qualified appraiser you hire can qualify as your buyer too. What is great about local jewelers is that they’ll see you as a potential customer, thus giving you the best price.
Also, they’re hoping you still have more of those used jewelry that you’re willing to part with and sell to them. Just make sure they buy secondhand pieces. Otherwise, they may only offer you store credit.
Practically anything can be sold and bought online. A lot of people have made living selling jewelry on eBay, for example.
If it’s your first time to do this, the sale process can take a while. This is because you first need to establish a reputation as a good seller and for you to trust that interested buyers are legitimate.
A quick way to make some cash from used jewelry is to sell it for scrap value, where prices are based on the materials used. Not all jewelry pieces can be sold for scrap. For gold items, the sale price is typically 70% to 80% of the melt value.
We are your trusted local jeweler that buys secondhand pieces for the best price. We offer professional appraisal and jewelry repair and restoration too. Sell your jewelry to us. You won’t regret it.