These days, just about everyone could use some extra cash, and many people look into selling their unwanted valuables in order to make money. For example, if you have jewelry you don’t wear, you may want to consider selling it to a jewelry buyer.
Our team at Carolina Silver & Gold buys jewelry of all kinds, and we understand that your first visit to a jewelry buyer can feel intimidating. In this article, we will go over what you can expect when selling your pieces in order to help you feel prepared.
- Appraisal – When you visit a jewelry buyer, they will need to appraise your pieces to determine their value. Often this process will include the buyer asking you questions about the piece, such as what metal it’s made of (14 vs. 18 karat gold, for instance), what gemstones it contains, and how old it is. The buyer will also perform a visual inspection to check for scratches or damages.
- Offer- Once the buyer has assessed your piece and determined that they would like to buy it, they will offer you a price. The price will almost certainly be lower than what you paid for it when it was new, as even antique jewelry depreciates in value over time.
- Negotiation- Depending on how the jewelry buyer does business, you may then have the opportunity to negotiate over the price to try to get a better deal. If you think the initial offer was too low, you can make a higher counter-offer—and you can repeat this process until you either arrive at a price both you and the seller agree on, or you can walk away.