Steps for Finding Out How Much Your Old Jewelry is Worth
| by Admin
Despite the recession, what many people don’t realize is that gold and diamonds are at an all-time high-in fact, gold has only become stronger as the economy has gotten worse, due to it being considered a more stable asset than the dollar. During these tough economic times, finding out how much your dusty diamonds and unused gold is worth is an appealing alternative to selling off something more important for cash. Here’s how you can find out whether your jewelry box is a hidden goldmine.
Untapped Resources
Just think, all that junk you’re holding onto could be turned right into cash-and it’s likely you won’t even notice it’s gone. Most women have some gold jewelry taking up space in the back of some jewelry box or dresser drawer, items which go unused due to being broken, outdated, or otherwise useless. Whether it’s the gold bracelet you received as a gift but never really liked, that fold ring you’ve had forever but never wear, or a gold pin from an organization or club, there are endless opportunities that you’re likely not taking advantage of, all lurking right under your nose. These untapped resources for cash are simply collecting dust-why not turn them into something you can actually put to use?
Do your Research
Once you’ve gathered together the jewelry, diamonds, and even engagement rings you don’t want anymore, it’s important to educate yourself a bit about getting the most cash for your gold. In this business, timing is everything, so it’s important to pay attention and cash in when the time is right-and since precious metals are currently at all-time highs, you don’t want to wait too much longer before taking action. There are a wide variety of options for where you can go to do this, such as an online broker, auction, or local store. Auction sites, such as ebay, may be popular, but they also tend to undercut sellers on the returns they’re hoping to get. That’s because these sites are teeming with others looking to make a profit off of your high-quality jewelry. If you are selling merchandise that is antique or otherwise of good quality, you may want to try consignment with a trustworthy store or reputable dealer. You’ll want to check prices of individual components of the jewelry as well as the entire piece, and the more options you have the more likely you are to get what you want. When you educate yourself before trying to sell your old jewelry, you’ll be better able to negotiate a good deal since you know what your piece is worth. This can ensure that you’re not being used or selling something for way under its value.
Buy the Necessities
Many people need to extra cash these days, and it turns out you may have more liquid assets than you once thought, because your old jewelry and rings can be turned into cash right away. You can take that old jewelry that’s been sitting for years in your safe deposit or in a gift box, and make cash out of it as soon as possible. If you’re considering missing a car or loan payment or going without basic life necessities because of a lack of cash, there’s no need to do something drastic. You can have cash in hand without going delinquent on your payments when you choose to sell your precious metals. You’ll feel great after selling your gold for cash: not only will you have money for your bills, but you might also have a little something left over to treat yourself. You never know until you see how much your gold and diamonds are worth.