With the holiday season upon us, many people are searching for a way to earn some extra money. Whether you need cash for travel plans, to host a celebration, or for your holiday gift fund, selling gold and jewelry to your local jeweler is a fantastic way to get cash in your pocket, fast! In this article, we’ll answer some common questions about how to sell gold and jewelry, and explain a bit about how the process works.
Who Buys Jewelry Near You?
If you’re looking for a reputable place to sell your gold, jewelry and other valuables, the answer may be closer than you think! Your local jeweler isn’t just interested in selling jewelry, but buying it, too. Many jewelers sell vintage and estate (a.k.a pre-owned) jewelry, and would love to add your pieces to their collection. They’re also interested in loose stones and gold for jewelry repair and custom jewelry purposes.
If you already have a jeweler you trust, start by checking to see if they buy gold and jewelry. Chances are, they’d be more than happy to take your valuables off your hands in exchange for a fair price.
If you aren’t familiar with jewelers in your area, do some research to determine where it would be best to sell your items. You can look for positive reviews online, and ask around among friends and family to see if they recommend anyone. You can also always stop by the stores in person to meet the jewelers and find out more about their buying and selling processes.
Why Sell Gold and Jewelry To A Local Jeweler?
You should always opt to sell your gold and jewelry to a local jeweler rather than to a pawn shop or online marketplace. There are many reasons why it’s smart to take your items to a local store first and foremost.
For one, it’ll be easier on you. You won’t have to go through the hassle of listing your items for sale on the Internet or haggling for a fair price at the pawn shop. All you’ll need to do is book an appointment with your local jeweler.
What’s more, local jewelers are far more likely to give you the best price for your items. Unlike those online or at the pawn shop, local jewelers are experts in appraising jewelry, gold and gemstones. They’ll be familiar with the fair market prices for all of your treasures. They’ll also be motivated to give you a fair appraisal in order to keep their positive reputations in the community.
Can I Sell Diamonds?
Yes, most jewelry stores will happily take diamonds off your hands. Many stores will accept not only diamond jewelry, but loose diamonds as well. Stores may have size or quality requirements for the diamonds they accept, so be sure to check beforehand.
Can I Sell Gold?
Yes, most jewelry stores will gladly accept your gold items. Also look into whether or not your local jeweler will accept other precious metals such as platinum or silver. They don’t even necessarily need to be in jewelry form: many stores will accept silver flatware, gold bullion and more. Always check beforehand to see what the store will purchase.
How Much Can I Make Selling Gold and Jewelry?By now you know that your local jeweler is going to offer the best prices for your valuables, but exactly how much can you expect to make? That depends on a few factors, including:
- The quality of the metals
- The quality of the gemstones and/or diamonds
- Overall condition
- Details and craftsmanship
Other factors, such as the market conditions and the jeweler’s interest in those specific items, will also impact the final appraisal. The value of gold, silver, diamonds and other precious stones can change from day to day. You can check online to see how the market prices are changing for your goods before deciding to sell.
How Do I Sell Gold and Jewelry?
Selling to your local jeweler is an easy and friendly process. There are a few simple steps to follow in order to get the most out of your experience.
Prepare Your Items for Sale
Before you head down to your local jeweler, collect the items you want to sell and prepare them for inspection. It’s never a bad idea to give your jewelry a quick cleaning with mild dish soap and warm water before you bring it in for sale.
Then, pack your jewelry in a safe receptacle such as a jewelry box. Be sure to untangle any chains, and keep pieces separate to avoid any scratching on the way to the jewelry store. You want to present your jeweler with clean and organized items. A good first impression is important! Moreover, it will help make the selling process more efficient.
Remember, it’s always best to call ahead for an appointment (or schedule one online) to ensure that your jeweler has ample time to give you and your treasures the attention you deserve.
Get Your Jewelry Appraised
In order to purchase your valuables, your jeweler will first have to appraise your jewelry. They will carefully examine each piece of your gold or jewelry, assessing factors such as:
Based on their evaluation and the current market prices for your goods, your jeweler will provide you with an estimated price.
If you are satisfied with the appraisal, your jeweler will typically provide you with cash or credit, but other payment options may be available. Options differ from jeweler to jeweler, so it’s a good idea to check beforehand if there is a specific payment method you would like to utilize.
Your jeweler will also give you a receipt or some other form of documentation for your records. It’s important to hang on to this for tax purposes, so keep it somewhere safe!
Noe’s Jewelry in Kansas City, Missouri is the Best Place to Sell Jewelry Near YouHopefully, this blog has given you a better idea of how the gold and jewelry selling process works, and convinced you that the best place to sell your valuables is with your trusted local jeweler.
If you’re lucky enough to live in the Kansas City, Missouri area, we here at Noe’s Jewelers would love to take your gold and jewelry off your hands. We’ve been in business for over 100 years and across three generations of local ownership. We’re also proud certified members of RJO, a group of over 800 jewelry stores committed to upholding the best practices and ethics in the jewelry industry.
Book an appointment with us in store or online for a free quote, and you’ll have some extra holiday cash in no time.