November 25, 2020

Top 5 Tips to Selling Your Gold, Silver and Estate Jewelry

With all the economy still recovering and precious metals hitting all-time highs, selling undesirable gold, silver and estate jewelry is a very popular way to generate a little extra cash right now. Some pawn stores and jewelry stores allow you to borrow against the value of your jewelry.
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For some, this may be a viable option to a bank loan. But with all the options out there, exactly where should you sell or borrow? Before you decide to decide, know the top 5 tips to marketing your gold, silver and estate jewelry.

Understand the process. You don’t have to know the exact value of the jewelry you might be selling, but it’s a good idea to have a common and realistic idea of what your own piece is worth, and how the deal will take place. With gold jewelry, for instance , an appraiser will quote you a price based on the weight of the gold content-indicated in karats-also taking into account the current market price, and minus a handling fee. Solid gold is 24 karats. Most gold jewelry is less than that because it is mixed with other metals. If it contains precious or even semi-precious gems, that should increase the worth.

Get it appraised in person. There are many online jewelry companies who advertise that they buy and sell online. Some are genuine, and others are not. They work with you mail them jewelry you would like to sell, they appraise it and mail you back a check. To make sure that you are happy with the appraisal and amount offered, it’s best to get your jewelry appraised in person by a reputable appraiser at an established jeweler.

Seek out many appraisals. Once you have some jewelry stores or pawn shops in mind, really smart to shop around and get your jewellery or coins appraised at several location. Call ahead and make sure the appraiser is Gemological Institute associated with America (GIA) educated. The GIA is the industry standard for gemstone and precious metal appraisals. A GIA-educated appraiser will abide by the most rigid industry ethics and methods to make sure that a seller is given the particular fair market price for the piece offered.

Realize the market fluctuates. The price of silver and gold changes daily based on various elements, including market demand, manufacturing supply and the financial markets. It’s important to understand that the price you are quoted for a piece applies to the day that the piece is/was appraised and is/was based on the market value in the industry at that time.

On appraisal day. When you get your piece appraised, make sure the appraiser is GIA-educated and the sell price will be based on the market value. Don’t be afraid to bargain, within reason, and make sure your jewellery or coins never leave your own eyesight. A legitimate appraiser will make a place to explain the process, do the appraisal in front of you, and answer any and all questions. Lastly, trust your instinct. If you feel confident with the appraiser and the price and therefore are ready to sell, go for it. If not, nicely decline and say you’re going to consider it. Remember, selling your gold, silver precious metal or estate jewelry is not just about getting the most money-it’s also in regards to the transaction and being happy with the end result.
When you bring in a piece of jewelry or even other item to Empire, that property is appraised by an expert jeweler. If you choose to take a loan out or “pawn it” instead of sell it, the item becomes collateral against the mortgage, and you receive cash against that will collateral.

Empire offers cash on high value for the item, very competing loan rates, and you will not be subjected to a credit check. The item is kept our state-of-the-art vault for secure keeping throughout the time of the loan. Above a $250 value, the product is stored securely in a lender vault. Once it is repaid, you will still receive your property back in pristine condition.

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