How to Sell Estate Jewelry for a Fair Price
Whether you want to sell your estate jewelry for a fair price or you have the jewelry you want to sell, some tips can help. These tips include using a professional appraisal, avoiding pawn shops, and reaching out to the public.
Reach out to the public
Luckily, there are many ways to go about the task of selling your wares. For starters, you can scour the classifieds or peruse the local newspaper for a reasonable price. The next best thing is to do a bit of legwork and find an online auction site like eBay. Or, you could enlist the services of a local jewelry broker. The latter option is a pain in the neck, but it is a surefire way to ensure that your items are sold reasonably.
In short, the best way to sell estate jewelry is to know who you are and how you want it to be sold. While you’re at it, consider where your buyers are. If you’re selling to a local retailer, consider your competitors’ inventory before committing to a sale. You can even negotiate a better price. If you sell to a jeweler, you’ll probably want to make your rounds to get a feel for the item before placing your bets.
Reach out to a Jeweler
You’ll want to know how to get in touch with a jeweler or pawn shop to sell estate jewelry for a reasonable price, whether you’re trying to transform your jewelry box into a vacation or you need a quick loan. While it might seem complicated, following a few straightforward procedures is more accessible.
Read several reviews of the jewelry store you are thinking about as your initial step. This will enable you to assess the seller’s credibility. Check out some of the nearby listings that compete with yours.
Another way to reach out to a jeweler or other seller is through online auction sites. Auction sites like eBay can be great places to sell jewelry. You can set a “Buy It Now” price and wait for the perfect buyer. If you are dealing with a reputable buyer, you might get a higher price than if you sell your jewelry locally.
A public bulletin board is another fantastic resource for connecting with a jeweler. You can do this to reach a broader audience inexpensively. The disadvantage of this approach is that you might have to wait a little while for the perfect buyer.
Get a Professional Appraisal.
Getting a professional appraisal to sell estate jewelry for a fair price is an essential step in selling jewelry. The jewelry appraiser will determine the item’s value using two methods.
The first method uses documented sales prices of comparable items and an analysis of the differences to determine fair market value. The second method involves a direct comparison of the item being appraised and similar items. This is done to help the IRS agent understand the fair market value conclusion.
Another method is to have an estate liquidator evaluate the jewelry and determine the items’ condition and value. This method is often the most cost-effective way to sell estate jewelry but requires more work.
Jewelry Reports is an online jewelry appraisal service that provides one-time pricing. The company claims to have jewelry experts on staff. However, the company needs to provide credentials for the appraisers.
Avoid Pawn Shops
It would help if you avoided pawn shops selling jewelry for a fair price or to get a quick cash outflow. These stores specialize in jewelry, but they don’t pay you a fair price for your jewelry. You’ll be paid a percentage of its value, and you’ll be expected to pay interest over some time.
If you’re looking to sell your jewelry, you’ll want to find a consignment store that can provide you with a fair price. Depending on the condition and type of estate jewelry you have, you’ll find that different stores offer different prices for the same item.
Consignment stores are different from pawn shops. Consignment stores range from second-hand bargain shops to select jewelry stores. You’ll get a higher price when you sell your jewelry to a consignment store. But you’ll also have to spend more time. You may also have to take two or three visits before you decide whether or not you’re going to buy your jewelry.
If you’re looking to sell estate jewelry, you’ll want to be sure that you choose the best consignment store. You’ll want to look at several stores to find the best deal.
Reach out to a Significant Estate Jewelry Buyer
Getting a fair price for your fine jewelry is easier than you think. Several companies make it their business to buy, appraise and sell your treasures. These companies often pay in cash, cash equivalent, or a combination of the two.
While you’re at it, make sure you take advantage of their free appraisal services, too. This will save you time and hassle down the road. You can also ensure you’re getting the best price for your jewels. The last thing you want is to get ripped off.
If you’re looking for an estate jewelry granddaddy, you’ll be hard-pressed to do better than Essex Fine Jewelry. They also have a lovely showroom if you want to purchase bulk diamonds.