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Old Bling, New Cash

Cleaning out the old jewelry box? How about changing in some of that bling for some cold, hard cash? Decide what your goal is; do you want to get updated jewelry or do you want to get money for the old stuff? Then follow the steps below to get the best deal for your old jewelry.

The first step you must take is to get an appraisal. This is vitally important because you don’t want to make the mistake of letting your jewelry go for way too low of a price. You want to make sure you get a fair deal. Also, you don’t want to misrepresent the jewelry in any way. Even making an accidental mistake is unfair to your potential buyer.

Find a good, honest jeweler with a strong reputation. Take your jewelry to that store and bring whatever certificates or other information you may have about or with the piece. Your appraisal will probably be an insurance appraisal, which gives the amount it would cost to replace the item in today’s market.

Reputable Jewelers

When approaching a jeweler with your piece, you might be offered a cash payment. Jewelers also offer to trade-in the old piece for a reduced price on a newer one. They could even suggest they reset the stones from the old piece into a new piece of jewelry for you.

If you just are bored with the old piece and want an updated look, trading in or resetting the stones are great options. But, if you want or need money, you’ll want to simply sell the piece. Remember when trading in jewelry that you need to keep your appraisal in mind to see that you get a fair deal. You also need to make sure that the piece you are applying the trade-in value to has not been jacked-up in price to cover the trade-in value. Consider going back to the jeweler the piece originally came from, if you can, as they may have the ability to offer you a sweeter deal in return for keeping your business in their shop.

Classified Ads

People have sold items with local newspaper classified ads for decades. Now you can use online classified ads, as well. Be aware that many classified ads are read by dealers who are looking for a fantastic deal on jewelry and will give you the lowest price possible. Know your jewelry and how much it is worth and you will be fine.

Another problem with this kind of sales is that you must arrange for a meeting place. Protect yourself by making the meeting point your bank or another secure public location. Do not meet at your home.

Online Sales

There are so many online options today. The main problem is that fraud is all over the internet, so buyers are quite cautious.The more expensive the item, the more nervous the buyer. You can reach far more buyers; buyers could be from anywhere in the world. However, your jewelry is up for sale against lots of similar items. Most internet shoppers are looking for the cheapest deal out there. Again, protect yourself and your jewelry.