After reading an article talking about the boost of sales at pawnshops, we thought it may be timely to remind people of jewelry selling options.
Need Money Now
Pawnshops may be useful for short term loans. Yet, if you need to actually sell jewelry with precious metals, usually you can do better by selling to a metal reseller. See tips for: selling gold jewelry, selling platinum jewelry, and selling silver jewelry.
Outdated Style
1) Use a New Design: If you are selling jewelry because it has been outdated, you may wish to consider remaking the piece into something new. For example, making a diamond ring into a solitaire diamond pendant is fairly straightforward and will usually cost much less than buying a diamond pendant directly.
2) Hold Until the Jewelry Style Comes Back: Generally, styles go in cycles, if you hold a piece long enough, often it will come into fashion again.
Jewelry You Never Wear
If you don’t want to have your pieces remade or they aren’t worth selling, consider swapping jewelry with friends. Trading will friends can save you all money. You do need to make sure the items are all worth about the same amount.
If You Do Sell
If you need to sell jewelry for financial reasons, comparing what you can get from many sources (a metal reseller, a pawnshop, craigslist and/or ebay) can help you get more for your favored jewels.
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