If you have old jewelry that you want to sell, you might be confused about how to go about this. It is important that you know where you can sell your jewelry. It is also important that you know how to get the best price for the pieces that you are selling.
Where You Can Sell Your Old Jewelry
The most common place for people to sell their old jewelry is the local jewelry store. These stores will generally buy old jewelry, but it might depend on the item. The condition, as well as the metal and stones in the jewelry, will all impact whether or not you will be able to sell it.
It is important to note that not all jewelry stores will buy second-hand items. If you do not have any stores that will buy your jewelry in your area, you can consider a pawn shop. However, you are going to get considerably less for the jewelry with this option. If you have the time, you could try selling it privately through classified adverts or online auction sites like eBay.
Knowing How Much You Will Get
Before you head out to sell your old jewelry, you need to consider how much you are actually going to get for it. You should never expect to get back what you paid for the item even if you are selling it to the same store that you bought it from. In most cases, you will be getting around 20% of the original price of the item. There are many cases where you will be offered even less than this when you are going to sell.
There are a number of reasons why you are not going to be getting more than 20% of the original value of the item. The primary reason is that the jewelry is used and parts will be worn. The store may need to replace the clasp or will have to offer it at a discount rate to sell it on. The durability of the jewelry will be compromised when it is second-hand and stores need to consider this.
Another reason is the fact that many stores will not simply resell the items that they buy from you. Many jewelry store will remove the stones from your jewelry and place them in a new setting. The metal of the jewelry will generally be sent to a refinery to be melted down and you will not be getting more than the materials are worth.