Selling Your Gold And Silver Jewelry? Get The Best Prices By Doing These Things
Whether you want to make room for more jewelry or truly need the money you'll earn from sales, selling your silver and gold jewelry might seem easy to do. However, if you want to ensure you make the most money possible, follow the advice below.
The first mistake you might make when selling off your collection is to sell in bulk lots. You might not want to take the time to sort through and price each piece, and you might assume that a buyer will be able to give you a fair price for everything.
However, it's important to note that every piece isn't valued the same. You may have some very expensive pieces that would get overlooked in one big bulk sale, causing you to be paid less than you could have gotten otherwise. It may take more time to sell each piece alone, but ultimately you may make a higher profit.
Get a Professional Appraisal of Each Piece
It might seem strange to think that spending money on an appraiser's fees would help you make more money overall, but that is what indeed may happen. Being able to present a piece for sale--with the support of an appraiser's professional opinion of value--is one way to ensure you get the price you want for your piece. Buyers may be more likely to pay more for a piece when they can see evidence of its worth.
Beware of Your Emotions
One of the things that could stop you from getting a good price on one of your pieces is how you feel about it. Your attachment to particular pieces can be problematic when you're trying to make a sale, because someone might place an offer that you feel isn't enough for the piece--not because of its value, but because of your feelings about the piece.
You might have thought you were willing to part with your great-aunt's opal ring, for instance, but you might want much more than it's worth because of your attachment to it. Be sure to get a handle on your feelings so that you don't make the mistake of losing out on a sale altogether.
Now that you have a better grip on what actions you can take to get the most money for your jewelry collection, start doing your research and pricing your pieces accordingly. Work with gold and silver buyers like Wimpey's Pawn Shop.