Places That Sell Jewelry Near Me – If your jewelry box is a cluttered mess that you no longer use, you can turn those jewelry items into car payments, vacations, and bathroom renovations.
To get the most out of your unwanted jewelry, you need to know what it’s worth and where to sell it. You also need to know yourself. “How much effort are you willing to put into selling your jewelry?” asks Martin Fuller, expert gemologist and senior certified appraiser at the Martin Fuller Appraisal Center in McLean, PA. “It’s a balance between what your time is worth and what you can get back by selling your jewelry.”
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To know the true value of what you are selling, you should get an appraisal from a member of the American Society of Appraisers, the International Society of Appraisers, or the National Association of Jewelry Appraisers. Members of all three groups must follow a code of conduct. Earnings range from $150 to $350 per hour. To give you an idea, a simple diamond ring can take about an hour to appraise, while an elaborate ring with many diamonds can take more than three hours. Some appraisers take a cut of the item, but under no circumstances should the appraiser charge you a percentage of the item’s value.
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Some people think they can skip the appraisal if they don’t think their jewelry is worth much. If you are absolutely sure that what you have is not worth it, you can go to him and look for offers, but be careful. “Many times I’ve taken very expensive pieces of jewelry from a client’s ‘clothes’ pile and moved them to the jewelry pile,” says Fuller. A customer once brought Fuller an $18,000 sapphire. Fuller noticed unusual features with his microscope and recommended advanced experiments. It was a rare, unprocessed Kashmir sapphire worth nearly half a million dollars!
An appraiser can tell you whether your jewelry is best sold as is or as scrap. Some famous designer jewelry is intact.
Remember, you’re unlikely to get that price when you’re holding the bill in hand. Appraisals, usually done for insurance purposes, determine the retail value of your jewelry, not its resale value. So ask your appraiser if they can give you a resale value. In the case of gold jewelry, the appraiser may quote your item’s “melt value,” which is the value of the precious metal it contains. Again, you are unlikely to get this price because the buyer has to consider their profit margin and the cost of mining the gold. Experts say that if you can get 70-80 percent of the melted value of your gold, it is a fair price.
Be careful if you want to sell your jewelry online. The Better Business Bureau receives a lot of complaints about online buyers who offer low prices, won’t return your jewelry or send you payment if you reject their offer. I once worked with a master pseudo-scientist to send exactly $350 worth of gold to three different online gold buyers. One offered $206, another $90, and a third $66. When we rejected those offers, some companies outbid us. This experiment shows the value of shopping around for the best offer and rejecting the first offer. A website called Where2SellGold.com made a similar attempt with similar results.
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If you decide to try an online jewelry or gold buyer, check their reputation with the Better Business Bureau. And read the fine print on his website to see what you’re getting into. Look for things like how long it takes for a buyer to respond and how long it takes for a buyer to pay you before they consider their offer closed. Please take a picture of your jewelry before sending it. Also, send it insured by the delivery method that the company has received.
Another option is to sell through an online store. This is good because individuals often pay more for jewelry than professionals. Make sure the extra profit isn’t eaten up by the commission you owe. One site that stands out is IDoNowIDon’t, so named because it specializes in diamond rings from broken engagements. The fun thing about this site is that you send your money and jewelry to a company for safekeeping. Jewelry is valued and money is kept. Once IDoNowIDont confirms that everything is fine, the deal is done. This site takes a 15% commission. Other online consignment sites include TheRealReal and SnobSwap, both of which guarantee authenticity.
Selling your jewelry in person at a local store is probably the best way to get the best results. Here you have a variety of options, including coin shops, pawn shops, consignment shops, jewelry stores, and more. The American Jewelers Association maintains a list of local jewelers where they buy jewelry. For example, in the Washington area, Chance Diamond Jewelers and Nelson Coleman Jewelers in W.R. Maryland buy gold and other jewelry.
No matter what type of store you choose, you should get at least three sets – for value products. “Come with a proposal,” Fuller said. “Then you get a sense of what the market is willing to pay.” Tell them that the family needs at least three suggestions, so they must put their best suggestion on paper.
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There is one final option: Your appraiser may be willing to act as a broker and help you sell your jewelry. Or he may refer you to a broker. Look for someone with years of experience and deep connections to bring you buyers. Some brokers charge a fixed fee. Others charge 10 to 60 percent of the sales price, depending on the size of the job.
Elizabeth Leamy is a 13-time Emmy winner, host of ‘Good Morning America’ and ‘The Dr. Oz Show.’ Connect with her at leamy.com and @ElisabethLeamy.
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Elizabeth Leamy Weekly Consumer Contributor Elizabeth Leamy is a 13-time Emmy winner, a 25-year consumer advocate on shows like Good Morning America, and the host of the Easy Money podcast. Contact her at leamy.com and follow @ElisabethLeamy. follow
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Keep supporting great journalism by turning off your ad blocker. Or buy a subscription for unlimited access to real news you can trust. Roanoke, VA’s best store for buying and selling jewelry, gold, silver, diamonds, coins and other precious metals. Bullion & Coins offers the best coins like gold, silver and more. in the region – no doubt.
Roanoke is the best place to buy and sell jewelry, gold, silver, diamonds, coins, Rolex watches and other precious metals. Bullion & Coins offers the best coins like gold, silver and more. in the region – no doubt.
At Precious Metals & Coins, we’re confident in the Roanoke Valley’s best prices for cash on gold, silver, jewelry, and coins.
We’ve been serving the Roanoke Valley for years, and we (and our customers) believe it shows. You won’t find anywhere else with friendly customer service and the knowledge to help you transform your investment.
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Wondering where to buy or sell gold in Roanoke? Look no further. We are interested in all things gold and offer the highest gold prices in the valley.
Precious Metals & Coins is the best place to buy, sell and buy your diamonds and diamond jewelry for cash in Roanoke, Virginia. Our loyal customers say, “He gave me the best deal on any diamond ring he wanted to sell,” paying top dollar for fine diamonds.
We buy silver jewelry, bullion and more. We offer the best prices on scrap coins, silver dollars and more in Roanoke.
Celebrate your thanks. It’s time to review your watch collection. Precious metals and coins will help here. We buy and sell luxury watches for men and women of all brands and styles.
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If you are looking to buy coins, expand your coin collection, or sell coins, come to us. We build Roanoke’s best museums.
From fine jewelry to engagement rings, honest appraisals, and jewelry repairs, we have one of the best and most durable jewelry collections in Roanoke. We also pay top dollar to sellers of junk and pre-loved jewelry.
“I became interested in regularly buying small amounts of precious metals as a long-term investment. I was looking for a good place to go when my friend told me about Mike’s. He is a very nice guy (unlike other coin dealers in the Roanoke Valley).
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