One of the best rules of thumbs before you set out to sell your Jewellery, is that the payout you get will not be the same price or higher, of what you originally paid for. But rather the condition of the item at the time of selling plus the demand for it during that season. Sometimes Jewellery such as gold is higher in some months but less than the others. You can get an idea of this information here. Chances are if it is in bad condition or it has very little demand, you may want to either keep it or give it as a hand-me-down to your family and friends as a memento.
There are two main areas that one needs to have information, regarding knowing and finding the best price for your item. These will determine the value of this “estate” and any of the available options of selling it. You do not need to be an expert at it but doing some personal research about it will help take you a few steps further than most people who go directly to the swap shop and sell it for whatever they get offered.
So, what determines the value of the item in question? Let’s look.
Determining the Value of Your Item
Anything that is previously owned is known as “estate” in the legal terms, for the sake of this article, we will stick to the term “Jewellery” so you do not get confused. Some people are too superstitious to buy a previously owned item such as a wedding ring or anniversary gift, merely due to superstitious reasons, but most shops don’t follow that rule. The same goes for clients, not many will buy a used ring.
Various countries have their own cultures and styles, including creative styles, some prefer simple things while others like the more lavish type of Jewellery. Depending on what jewelry buyer like mimisjewelryinc.com/sell-gold-jewelry/ you go to, you will get a feel for what works and what will not. In this case, if the style is out of date or looks old but not vintage, it may be harder to sell it for its worth in which case the value will be intrinsic.
If, however, what you’re selling belongs to the antique genre, then you may have a winner. These types are highly collectible and may require a special place and will have a buyer for all its worth. It is important to know the difference between the antique style and the old ones, you could be losing out on thousands of dollars if you don’t sell it right.
The Condition of The Piece
As mentioned briefly earlier in the article, the condition in which the piece vary will also go towards its end price. If your article is damaged, scratched, or chipped in any way it will lower its value and buying price, mainly due to buyers deducting their restoration costs on top of the end number.
Sometimes if the damage is minor it will not make a significant difference, but if it’s a lot then you may need to consider getting it fixed first before selling it. In this case, it is always advisable to take the piece to a professional who can fix it and not try and do it yourself. The workmanship will make a big difference. If, however, it is too difficult to get fixed then sell it for what’s it worth.
Finally, make sure it has been cleaned 100% as it will look better when it is sparkly and spotless, rather than worn out and dirty looking. You could either do this yourself using professional advice from any online sources or lessen the hassle and take it to the experts because if it is cleaned wrong, it could do more harm than good to the article.
Where Can You Get the Best Return on Your Jewellery
If you’re looking to sell it quickly and easily coupled with a high price, this may be a tad bit difficult. Not all places that buy them will give you cash in hand. If your shipping it across the country this could add to the time it takes.
At an Auction. This is possibly one of the best ways to sell it. Plus, you get an evaluation of it there and then. If it’s antique, they will tell you. High-end auctions such as Sotheby’s or Christie’s have lots of standards and costs attached to them, so you may want to avoid these. Finding the right local auction house is a good idea, you may get your money’s worth in the end. Browse through their website and give them a call to find out about the best times to sell.
Make sure the transaction is secure, usually the buyer is the one to make the first move and send the funds, and the seller will then send over the item. Platforms such as this also have the option of a refund if the buyer is not happy with the item, it’s a game of trust.
Online Auction Platforms. Online options such as eBay or Gumtree can be risky, but your audience can be a good one as it is an international portal and many are looking. Sales may not be guaranteed but the time it takes to sell may be quicker and the price a modest one. You can compare yours to the others that are already online to be sold and evaluate the price you will be getting from it, add or deduct a few. Further information on how it works, can be found on this online source.
Newspapers. This is also a good option and a conventional one. Typically, retail stores will advertise in them stating they buy these types of things and you can give them a call or go to them with the article. The prices mentioned in the newspaper are there for promotional reasons so don’t be surprised if you get less than the numbers they have shown. But it’s worth a shot.
Pawn Stores. Last but not the least option is going to either a second-hand buyer or a pawn store. The cash value on any Jewellery or item you sell to these shops is a percentage of the whole and never 100%. The dealers will let you know if its worth 90% or 60% or even less. Your best bet is to sass out a few stores with your Jewellery and see what a few of them are offering for it, then go with the highest number.