A Jewelry Enthusiast’s Guide: Things and Places to Avoid When Selling Jewelry

Many people are on the lookout for ways to earn extra money in these trying times. There are several solutions that you can explore, and one of these is selling jewelry as well as gold and other precious metals. By selling gold and jewelry pieces, you can easily turn precious commodities into instant cash.

Interested to know where you can sell your jewelry at the best price? What not many people know is that finding the right place where to sell silver can be much more confusing than how they expect it to be. The task of looking for where to sell jewelry in Colorado Springs isn’t just a matter of a quick Google search. Fortunately, you shouldn’t worry since we have prepared this guide to help you! If you think that it’s about time to earn some money from your old jewelry and are wondering where to sell your pieces, this article may just be the one you’re looking for.

If you live in Colorado and are looking to find places to sell silver in Colorado Springs, you need to take several steps. Here are some of the essential tasks that you should cross off your to-do list:

Things to Do Before Selling Jewelry

Now more than ever is the best time to sell them because of the current price of gold in the market. (Image from Unsplash)

Be confident and know that gold is a stable investment

No matter how you look at it, gold jewelry is a profitable and stable investment, and proper investing can always give you a return on your money. Just like with gold coins, buying and selling this type of jewelry is indeed one of the best ways to get into the gold market. However, it does require you to have at least basic gold trade knowledge to ensure you won’t lose money.

Know the different forms of gold that can be sold online

Gold comes in various forms and shapes. Gold jewelry, for example, is available in 10-karat,14-karat, 18-karat, and 24-karat variants. Aside from jewelry, gold coins and gold bullion are highly marketable in today’s market. If you have gold watches at home, you can have them appraised as well. Scrap gold from broken watches and jewelry is also tradable and can be sold online.

Make sure you know the worth of your gold jewelry

If you have bought your gold jewelry years ago, take note of how much you paid for it back then and research for its current value. Chances are that your gold piece is going to sell at a higher price. Before you can determine the current value of your jewelry, though, you must know the amount of gold that each piece contains. It is already an industry standard to put a stamp on all jewelry sold for the convenience of buyers. This stamp will let you know the karat or the amount of gold that is in your jewelry. 24k is the highest gold value and 8k is the lowest gold value in jewelry that is still considered as genuine gold.

Consider selling online

Gold trade is now made easy by companies that buy and sell gold online. With just a couple of mouse clicks, you can find decent and reputable jewelry dealers and brokers. However, you shouldn’t just focus on finding out where to sell jewelry in Colorado Springs; you also have to search for the most reliable jewelers. Look for a company that utilizes an independent, impartial, third-party testing laboratory that analyzes and tests, weighs, and evaluates your gold piece. Their methodology ensures a fair, unbiased appraisal of your gold pieces so that the price you will get is the best possible one! Also, to ensure fairness and consistency, don’t hesitate to refer to the pricing chart that is normally found in reputable buy-and-sell websites.

*In almost every market worldwide, buying and selling jewelry is a lucrative business. (Image from Unsplash) *

Places to Avoid When Selling Jewelry

Finding the right online jewelry buyer can be confusing and challenging, especially if it’s your first time to sell jewelry. This is completely understandable since sifting through dozens of options isn’t a walk in the park. Because of this, you might be tempted to look for other ways to sell your jewelry and find people or establishments that will buy your pieces without a lot of hassle. There’s nothing wrong with exploring these options, but take note that not all buyers are created equal! There are some places that you should avoid since most of them are known for setting unfair rates and even completely ripping off jewelry sellers.

Here are some places you shouldn’t ever consider when selling your jewelry:

1. Pawn shops that are running an illegitimate operation

When people decide to sell jewelry, many of them automatically think of selling their pieces to pawnshops. These are a popular option since they’re found almost everywhere and they exchange jewelry with money quite speedily. But speed shouldn’t be the determining factor; rather, you must inspect the pawn shop’s documents and permits and verify that they are licensed to operate in your area. Also, check their connections with authorities in jewelry handling and sales, which can tell you how professionally they do their business. If you find anything shady, don’t hesitate to say “No”. Better yet, avoid pawn shops in general and look for a dependable jewelry buyer online.

2. Jewelry shops that don’t specialize in appraising jewelry

You might consider standard jewelry shops as a possible buyer when selling your jewelry. However, many of these places often don’t have the tools and knowledge to appraise jewelry, which means that they most likely won’t pay the right price for your jewelry. Because of this, it still is better to sell to companies that specialize in buying, selling, and trading jewelry. These firms know how to properly rate any piece of jewelry and handle them accordingly.

3. Online jewelry shops with zero or negative customer reviews

For the most convenient way to sell your jewelry, we suggest trying out the accessible but reliable shops that could be found online. But here’s the caveat: not all jewelers follow professional procedures to assess and find out your jewelry’s market value, so you have to be extra careful. On top of that, you should find a place that holds a trustworthy record of integrity and efficiency through the visibility of their customer testimonials on their site as well as on third-party review websites. Reading reviews from the jewelers’ previous customers will give you an idea of the service quality that they provide.


If you’re wondering where to sell jewelry in Colorado Springs, worry no more since Lane Mitchell Jewelers is here to help you. We are a reputable silver and gold dealer with an untarnished reputation ever since it was established 150 years ago. We offer a fair rate for your gold jewelry and other precious metals, higher than most are willing to pay. You can be assured that you will be dealing with professionals who will fairly assess your gold jewelry. We understand your needs to sell gold jewelry and we will help you make it easy, fun, and profitable. We always believe that making a profit can be both ways.

When you are ready to sell jewelry, make sure to follow the tips above and you will never go wrong. Gold is very valuable today, so make sure to avoid uncertain transactions and instead look for honest, all-professional dealers like us at Lane Mitchell Jewelers. Come visit our Manitou Springs Jewelry Showroom where all our jewelry, services, and staff are under one roof. You can also check out our products when you shop online.