If you are ready to sell jewelry in San Diego, there are two tips that are sure to increase your chances for a fair deal. Actually, these tips will work for selling jewelry almost anywhere although you may have to drive a little bit to find a jeweler.
TIP ONE: Have a Qualified Jeweler Appraise your Jewelry
One of the very difficult things about understanding the value of your jewelry is that how much you value it isn’t the same as the market price. You may love your jewelry but there are many factors involved in its value when it comes to price. Your jewelry will definitely be worth its precious metal content but past that requires a professional to appraise it for you.
You’ll want someone certified by a trustworthy organization. A GIA Accredited Jewelry Professional (AJP) is a good example. A Certified Gemologist Appraiser (CGA) is another. Tell them you’re looking for a replacement value price. This will tell you what someone would buy your item for. This gives you a good idea of how much you would get selling to private party. If you sell to a jeweler or a pawn shop, they will pay you less in order to make their own profit.
TIP TWO: Decide Your Time Frame
This is important because the longer you’re willing to wait to complete the sale, the more money you’ll make. If you sell a necklace to the person who will actually wear it, they’re going to pay you far closer to the appraised value. That’s fair for them and fair for you. However, it takes time to find a buyer, sometimes many months.
Jewelers, however, have built a customer base and people come to them to buy. If you sell to a good jeweler, they will pay you right away. However, the appraised amount is what they will sell the jewelry for. In this case, a fair price is lower because they need to make money as well. When you understand your time frame, you can understand how to get the best deal possible.
These two tips should help get you closer to a fair deal. If you want to sell jewelry in San Diego, we would love for you to drop by. Bert Levi Family Jewelers can handle your appraisal and one of our GIA Accredited Jewelry Professionals will also be happy to make an offer right on the spot. There’s never any pressure but if you accept the offer, you’ll leave our La Jolla showroom with cash. If not, you’ll get a smile and, if you like, tips for selling your items elsewhere.
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