This is the second of a series on selling jewelry and ways to get the most value out of it. You may be selling jewelry you no longer use; or you may be selling jewelry for profit or financial need. Either way, many of these same concepts apply.
Know the Base Metal Value
The first article of our series, Selling Your Gold Jewelry, focused on figuring out the value of the base metal and to some extend trying to get the full value of the metal if you can’t get the value of the jewelry itself. (The first article focused on the more expensive metal, gold.) This article will explore what to do with jewelry of less valuable metals, such as silver. Knowing a baseline price is extremely useful when selling your jewelry. This will be true for whatever jewelry you want to sell. You don’t want to sell it for much less than the materials, if at all possible.
Tips for Determining Base Value
First look at markings on your jewelry to see how it is marked. Many types of silver (and their markings) are detailed on our Silver Necklaces page. You can go to an estate dealer or pawn shop to verify, but we recommend actually selling at a metal dealer if you can’t find a better price. Generally they will pay substantially more than the other stores as those stores sell to them. One that buys and sells metals (including jewelry) is Kitco. Here are their buying scrap metal prices.
This is the least amount you should sell your jewelry. Hopefully you can get more.
Other Places To Sell Jewelry
Now that you have the minimum price, you need to investigate if you can sell it for more. If you have lots of jewelry, the easiest will be an Ebay Store.
It takes much less effort for usually better return than other methods. Alternatively, you can try classified ads or making a website. You could even selling at art galleries for high end pieces. We have many more suggestions on how to sell jewelry and crafts.
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