There are many ways to go about selling gold jewelry in Boca Raton. You can sell one or more such items to a pawn shop, independent buyer, local jewelry outlet or gold dealership. It is even possible to sell gold jewelry over the internet.
Unfortunately, many people end up getting cheated by selling items to the wrong person or company. Another common mistake people make is selling jewelry too quickly instead of waiting until the piece in question becomes more valuable. Following are some tips on how to make the most money from the gold jewelry item or items you are trying to sell.
Timing is Important
The going price of any gold jewelry item will largely depend on the spot price of gold. This means that the value of your gold jewelry can rise or fall depending on how gold is performing in the market.
Unless you need money right away, you should wait until the price of gold is high before attempting to sell one or more gold jewelry items. Choosing the right time can help you to earn a lot more money than you would have otherwise.
Clean the Jewelry
While the value of any given jewelry item is not determined by its looks, a jewelry store, gold dealership or individual buyer is likely to offer more for your jewelry if it is clean and in good condition.
It is not difficult to clean your own jewelry at home; however, you should be particularly careful if the item in question contains diamonds and/or pearls. Many diamonds are “fracture filled” to enhance their appearance and cleaning a gold and diamond ring, earrings or necklace the wrong way can cause the fracture filling to fall out. Pearls are quite delicate and can be easily ruined by a DIY cleaning job.
It is not expensive to have your gold jewelry cleaned by a professional. Many jewelers offer this service and it is well worth the investment. However, if your item is an antique, then you should take the time to find a cleaner who specializes in cleaning and restoring this type of jewelry.
Have it Appraised if Necessary
Gold jewelry items that you purchased at a local store or over the internet do not need to be appraised. In fact, almost all gold jewelry items made in the last thirty or even forty years are not worth much more than their weight in gold. However, any gold jewelry items that may be genuine antiques should be appraised by a professional to determine their worth.
Antique gold jewelry has not only intrinsic worth but may also be valuable because of where, when and why it was made. For this reason, you can lose a lot of money by selling old gold jewelry without being aware of its true value. What is more, a certificate of appraisal will show potential buyers that your item is worth as much as you say it is.
Choosing the Right Type of Buyer
USA Today notes that choosing the right buyer is very important. If you are selling your item to a gold dealership or local jewelry store, then you should make sure the potential buyer is not only licensed and established but also has a reputation for being honest in its dealings. Good buyers will also have a high Better Business Bureau rating and a high average customer review rating online.
It is best to avoid internet buyers altogether. Many such buyers are shady and will not offer you a fair price for your gold jewelry. Additionally, it can be costly to ship your gold jewelry to a buyer in a safe, secure manner.
Compare Offers from Various Buyers
If you want to sell jewelry Boca Raton for a good price, then you should be prepared to take the time to find a buyer who is willing to offer you your money’s worth.
In most instances, selling your jewelry to an individual buyer will enable you to earn the most money. Individual jewelry buyers in Boca Raton will be willing to offer retail price for your jewelry items, whereas jewelry stores will offer a lower price because they intend to resell the item for a profit later on.
In order to sell your jewelry to an individual buyer, you will need to have it cleaned, take good, clear pictures of it and then post the item for sale on eBay and/or similar sites. You must then be prepared to consider offers from interested buyers and see which one is the best.
If you are in a hurry to sell your jewelry, then selling it to a gold dealership or jeweler is your best option. Pawn shops generally offer lower prices than gold sellers or jewelers, so you will want to avoid them altogether.
Take your jewelry to various stores, compare price offers and then sell the item to the store that offers the highest price. If you are not satisfied with any offer you receive, then either wait until the price of gold rises or try to sell the item on your own.
Selling gold jewelry is not difficult; however, getting your money’s worth for your jewelry items can be challenging, especially if this is the first time you are selling jewelry in Boca Raton.
The most important thing to remember when selling a gold jewelry item is that you should never do so in a hurry, even if you do need quick cash in hand. If you need to sell a jewelry item right away, then find the names of some reputable, honest dealers in town and ask each one for a price offer. If you are not in a hurry to sell your jewelry, then wait until gold’s market price is high and then offer the item for sale to an individual buyer. While it will take time to do research and visit various potential buyers, the extra money you will earn from the sale will make your efforts more than worth it.