If you have recently inherited jewelry that you do not want to keep, consider selling it to a pawn shop to get the money you need to pay bills or to go on a vacation. When selling the jewelry, there are things you can do to ensure that you get the most money for it as possible. Use the following guide to learn a few tips to get the highest payment that you can when you sell your jewelry.
Don't Sell Online or Over the Phone
When you sell gold online or to a dealer over the phone you will have to ship the jewelry to the dealer. When this happens, the jewelry can get lost in the mail or stolen, or the company can simply state that it never showed up. This will leave you without the jewelry or payment for it. Instead, sell your jewelry to a local pawn shop to ensure that the jewelry is not lost or stolen before you are paid.
Get a Few Estimates
When you go to sell the jewelry at a pawn shop, it is best to get a few estimates for the value of the pieces before selling them. You want to be sure that you sell the jewelry for as much as possible, and getting estimates from a few different shops is the best way to do that. If you get an estimate from one shop, you will not be obligated to sell your jewelry to that shop. Getting estimates from multiple shops allows you to compare the estimates before selling to one shop over another.
Know What You Have
When you get the estimates, find out why the jewelry is worth the value the shop is offering you. There are some pieces of jewelry that are worth a great deal of money because they have gemstones in them or have intricate details. There are also some pieces of jewelry that are only worth scrap value because they are damaged or worn. If the jeweler cannot sell the pieces with ease, he or she may only offer you the price that the gold is worth if they melt it down and sell it.
If you are not going to use the jewelry, there is no need to keep it. You can get the money you need for your bills the same day that you take the necklaces and rings to the pawn shop. Find one in your area, like Sol's Jewelry and Pawn, to get started.