You need money. Perhaps it has to do with the bills you owe or a sudden expense you didn’t expect. Now, you’re looking at trying to sell something that might be of value to someone else. The good news is that old watch or that old jewelry gathering dust might be worth something. The question is should you sell your jewelry in Boca Raton and how much can you get for it?
Why People Sell Jewelry and Watches in Boca Raton
Every day people like you sell jewelry and watches in Boca Raton. With gold prices still high, you can fetch a fair amount for that piece of gold jewelry that you inherited or never wore. Likewise, used watches can still command a great price. People buy used watches for a variety of reasons, including getting a great deal on an expensive watch.
Reasons for selling is varied but often an emergency comes up that maybe your emergency fund doesn’t quite cover. You may have saved for the possibility of an emergency only to find out that your fund doesn’t cover it all. Or maybe you’ve had a sudden life change. Maybe you’ve lost your job, getting divorced, or maybe your loved one has popped the question and you’re now getting married. Maybe you’ve found out that your going to have a baby. These life-changing situations always require money and if you’re short on cash, selling your old jewelry or watches might be a good idea.
Then, there’s the matter of wanting to make a big purchase. Maybe you need a new car because the old one just conked out. Maybe you’ve been meaning to take your spouse on a vacation you’ve both dreamed of. Maybe your home needs repairs. Whatever the reason, the jewelry and watches are better sold rather than collecting dust.
Selling Your Jewelry in Boca Raton
How much you can get for your jewelry depends a lot on the precious metal and gemstones. Gold will fetch a good price now but fluctuates quite a bit. Don’t wait to see if you can get more money because gold may drop. In fact, gold experts predict that gold will average somewhere around $1219 an ounce in 2014. It might go higher or lower, but you’re better off selling for the price you see than trying to second guess what gold prices are going to do.
If you do decide to sell your jewelry, take it to a reputable local business in Boca Raton rather than mail your gold away to some Internet company. Not all companies on the Internet are reputable and you may not see your jewelry or your money again. What’s more, you don’t know how much the Internet company will buy your gold for. Many will low ball you. That’s why you need to work with a local company. For one thing, you can decide whether or not to take the deal offered to you. Since you have control over your jewelry, you’re unlikely to lose it or your money. Don’t like the deal? It’s okay; you don’t have to sell.
Selling Your Watches
It may seem odd to sell a watch, but used high-end watches are very popular. According to Forbes, the most popular high-end watches include Rolex, Panerai, Jaeger LeCoultre, Patek, and Breguet. Other watches may be popular as well but you won’t know until you have one appraised. Like gold, you should take it to a reputable local business in Boca Raton rather than mail it to some Internet company. That way you’ll be in control of your watch until it sells and you’ll be able to have the money immediately.
People who buy watches are collectors, people who want a good deal on an expensive watch, someone who wants the features of a particular watch, or someone who likes the history behind the watch. Sometimes it’s not the watch but who owned the watch that makes it valuable. A watch owned by a famous movie star or historical figure is going to fetch more than a watch that wasn’t owned by anyone famous. The rarity of the watch may also cause the value to increase. If the watch your grandfather owned was only one of a few hundred, it may be worth more than some new watches today. The condition of your watch is important as well. A watch that is still running and in good condition is more likely to sell for more money than one that is broken.
Uncovering that Hidden Treasure
If you’ve inherited jewelry or watches or have a bunch of old jewelry or watches sitting somewhere gathering dust, now is the time to dust them off and look at them. Jewelry with the most gold in it is the most valuable: if the karats are stamped in the gold, you’ll have a pretty good guess how much gold is in it. 24 karat gold is pure gold. Each karat is 1/24th of the metal content. So, a 10 Karat gold item is about 42 percent gold. A ring that is 14 Karat gold is a little over 58 percent gold. Gemstones may depend on clarity and cut as well as the number of carats they have. Some gems (like diamonds) are going to be worth more than others.
Look at your watches too. While some watches are worthless, others are very valuable and you may be able to get thousands of dollars for a watch, depending on the price. Rolex, Breitling, Omega, Tag, and Panerai are very popular watches and may be in high demand. What a watch is worth depends on what a buyer is willing to pay for it. If the buyer is looking for a particular watch and you have it, you may see a good price for it.