If you are thinking about selling some of your old jewelry, you might be thinking about heading to a pawn shop or putting it up for sale on an online classified site. Before you do so, however, you should consider having it appraised by a reputable jewelry appraisal service. These are the main reasons why.
Bring in More Potential Buyers
A lot of people are nervous about purchasing used jewelry because they fear that what they are buying won't be real. Today's fake jewelry is convincing enough that it can fool a lot of people, which can leave a lot of potential buyers feeling pretty nervous. If you are able to offer a printed appraisal by an appraisal service, however, people who would ordinarily be nervous about buying used jewelry might give it another thought. Also, those who are interested but who are hesitant can gain peace of mind, which can make them more likely to make a move so that you can make a sale. Overall, you will probably find that you have a lot of interested parties and that you will sell your jewelry a whole lot faster if you have it appraised.
Get an Idea of the Right Price Point
You might know how much you paid for your jewelry, but you still might be unsure of how much to sell it for. In some situations, you might not have even purchased the jewelry and might not have the slightest idea of how much to sell it for. Looks can be deceiving, and big and elaborate pieces aren't always valuable, while small and seemingly simple items can be. If you put the wrong price on your jewelry, you might find that you end up selling it for a lot less than you could have gotten for it. Alternatively, you could end up pricing it too high, making it difficult to sell. Either issue can be tough.
Luckily, appraising your jewelry can help. If you are putting a price on it or bartering with someone at a pawn shop or used jewelry store, it can be helpful to have a starting number in mind. Your appraisal can help you determine this starting number.
As you can see, it's not smart to sell your jewelry without having it appraised first. Luckily, many jewelry appraisal services offer reasonable prices and will appraise your jewelry quickly, allowing you to make the sale. If you have more questions, contact a service like Certified Gem Lab.