If you’re tight on cash, selling extra jewelry is a good way to make some money. Profit varies based on the style and condition of your jewelry as well as the selling method. Keep reading to find the best option to maximize profit for you and your jewelry.
Style and Condition
The first thing to consider is the style and condition of your jewelry. Old, estate jewelry may be out of style with today’s fashions and undesirable to a consumer. Your jewelry’s condition is important because some repairs may exceed its value in cost. If you plan to sell your jewelry as a wearable piece, make sure it’s in fashion and good condition. Consider paying a professional to fix minor damage before selling your jewelry to an auction house or consumer.
Selling to the Consumer
Selling jewelry directly to the consumer is one option for maximizing profit. With a direct consumer, you trade the money for the jewelry without any waiting period or fees from a middle man. However, finding someone to buy your jewelry can be challenging and even dangerous. It may take time to find the right customer, and you should take safe guards when making the trade.
Auction Houses and Jewelry Buyers
Auction houses and jewelry buyers are two other common options for selling jewelry. Valuable estate jewelry can pull a high price in an auction house. However, auction houses take time and fees to use, so high quality jewelry does the best here. Jewelry buyers can buy jewelry of any quality because they can buy a piece as a whole or at its intrinsic value. The intrinsic value is the value of the metal and the gem or stone embedded in it. Selling to a jewelry buyer for the intrinsic value is the best option for broken, out of style jewelry.
Finding the right jewelry buyer is important for making the highest profit. To find the right jewelry buyer in Chicago or any other city, ask around about their reputation and visit various buyers to compare quotes. You can find reviews on the internet to find the best jewelry buyer as well.
If you’re looking for a jewelry buyer in Chicago, contact Chicago Gold Gallery. Find them online at www.ChicagoGoldGallery.com.
