Need Cash? 3 Options For Selling Your Used Jewelry

If you’re in a financial bind, and you need money fast, you may want to sell your old jewelry. Virtually all of your old jewelry including gold and silver necklaces or diamond rings can be sold for cash. If you’re not sure where to turn to sell your jewelry, you have several options. Each option comes with their own advantages and disadvantages. Here are three options that you should consider when it’s time to sell your jewelry.

Private Party

When it comes to selling your jewelry for cash, you might be able to get the best price by selling your jewelry to a private party. The advantages of selling private party is that you get to set your own asking price. However, the disadvantages may outweigh that benefit. For instance, when you sell to a private party you have to pay for the advertising.

You also have to take time out of your schedule to meet with multiple prospective buyers who may not purchase your jewelry. Finally, you run that risk that you’re meeting with someone who has criminal intentions, which could put you in harm’s way. If you’re going to sell your jewelry to a private party, be sure you meet in a public location to carry out the transaction and that you have someone with you at all times.

Jewelers

When you’re looking for the best price for your jewelry in a safe location, jewelry stores are the best location. Jewelers are prepared to pay you a fair price for the jewelry in your possession. They offer the best prices for several reasons. First, they know what your jewelry is worth, which means they know what to offer you. Also, jewelers like Jeffrey-Private Jeweler want to earn your trust and your repeat business.

Offering you a fair price for your jewelry may earn them your business when you’re in the market to purchase jewelry. The disadvantage of selling your jewelry to a jeweler is that they usually require your jewelry to be in pristine condition. If your jewelry is damaged, you may not be able to find a jeweler who’s willing to purchase it.

Pawn Shops

If you need money fast, a pawn shop may be your best bet for selling your used jewelry. In most cases, they’ll offer you cash on the spot. Another advantage to selling your jewelry to a pawn shop is that they may agree to purchase items that are slightly damaged – although they’ll probably offer you a much lower price. One disadvantage is that you might not get what your jewelry is actually worth.

If you need to sell your jewelry for cash, make sure you get the best deal. Use the information provided here to help you choose the best option for selling your used jewelry.