If you have some jewelry lying around that you don't have a use for, why not sell it for cash? This is an option whether you have vintage costume jewelry, diamonds and gemstones, or gold or sterling silver jewelry. Here are some tips for selling your jewelry for cash.
Separate Your Jewelry By Type
Since each piece of jewelry might be sold in a different manner, you should start by separating all of it. You first need to know what type of metal the jewelry is. Gold-plated and silver-plated jewelry won't be worth as much as real gold and silver jewelry, so separate those first. Then take any metal jewelry that is only metal, such as a 14k gold chain or sterling silver loop earrings, then put those in a pile. The metal jewelry is typically sold at pawn shops and to gold buyers, while your jewelry with gemstones or diamonds is worth more, giving you more options for selling those items.
Determine the Value
While a reputable jewelry or gold buyer will offer you a fair price right off the bat, it is hard to know what a fair price really is. It helps to first do a little research and find out the approximate value of your jewelry items. With jewelry items only made of metal, such as gold, platinum, or sterling silver, you can often figure out the value on your own. You will need to weigh the jewelry, then compare it to the current gold or silver prices. This lets you know about how much it is worth. Gemstones and diamonds are more difficult, so for jewelry you think is very valuable, you might want to pay to have it appraised first.
Decide Where to Sell the Jewelry
The type of jewelry you have determines the best place to sell it. With gold or silver jewelry that doesn't contain gemstones or diamonds, you have a few different options. You can choose a local or online gold dealer, a jewelry dealer, or even a local pawn shop. Just make sure you know the values o you can get a fair price for it. With gemstone or diamond jewelry, you might be able to get more for it due to the higher value by bringing it to a local jewelry trade show, selling it to vintage jewelry collectors, or by selling it online in auctions or with your own website that lists all of your jewelry items.
To learn more, contact a company like Revell JH Jewelers And Goldsmith.