If you have unwanted jewelry, you might feel that you’re just sitting on used cash.
Places that advertise, “We buy gold in Atlanta” will gladly you offer you cash for unwanted jewelry, but how can you guarantee that you’ll actually get a fair price? Many pawn shops and consignment stores try to undercut you buy promising that dirt-cheap prices are all you can fetch for your gold. But if you arm yourself with the following tips, you can get the best deal, the deal that you deserve for genuine, valuable jewelry.
Learn its Value
There are simple ways to learn the approximate value of your unwanted jewelry. Simply go to an appraiser to get a good resale value. There are many types of jewelry “value”, including the worth of the raw metals that comprise it, but this eliminates value additions like attractive design, age, and functional features like a timepiece.
You may have to sell for the scrap value of your jewelry. While this is the quickest way that gold buyers will try to rush you into a sale, this may not be ideal, especially if you get an appraisal. But unless jewelry is in great condition, this may be your only choice. Also, keep in mind that you should only pay for an appraisal if you have a highly valuable piece of jewelry in excellent condition.
Keep it Intact
Chips, missing jewels, broken bands, scuffed glass on a watch face, and other common flaws will devalue your jewelry. You might want to have your jewelry repaired in order to get the best resale value from it. Again, if it’s in good condition, it could be re-sold as jewelry, not just scrap metal, which will fetch you better prices.
Visit a Certified Buyer
There are many places that buy gold and silver, but not all can be trusted. Unlike pawn shops, consignment shops, and online buyers, a local jewelry buyer who specializes in buying high-end jewelry will give you good prices for good jewelry. And there aren’t just places that buy gold. Good local buyers will also be interested in gemstones on your unwanted jewelry. You get the best prices from certified buyers because they know jewelry and re-sell it for good prices, so they give a substantial amount of cash to those who bring them quality jewelry.
Set Good Expectations
You must understand that you probably will never get anything close to the original purchase price of jewelry, unless it has some sort of historic, vintage value. Ask yourself, “Where can I find a buyer that advertises, ‘We buy gold’ near me?” then be ready to present your jewelry. While you can refer to the appraisal you received, you have to keep your expectations moderate. Don’t accept any lowball prices, but don’t turn down reasonable offers in hopes of getting something close to the original purchase price of the jewelry. Some cash is better than nothing, when it comes to selling gold. And depending on the dealer you visit, you might even be able to trade your old jewelry for something new.
Visit Elan Diamond Group. We buy gold in Atlanta, including unwanted gold jewelry, so you can get cash back for the gold you don’t want.