Do you have old and unwanted jewelry lying around? If so, it might be time to turn those pieces into cash. Selling your used jewelry can be an excellent way to make extra money, while also clearing some space in your jewelry box.
Here are some tips on how to sell unwanted jewelry:
Sort Jewelry by Type and Metal
Your first step is to sort through your jewelry collection — separate items into silver, gold, platinum, and so on. You should also look for any stamps of a specific karat weight. This will help you distinguish between costume and fine jewelry.
Research the Market Value of Used Jewelry
Next, you should do some research to determine the value of your unwanted jewelry. Be sure to use a regularly updated source for current precious metal prices, or an appraisal service that specializes in fine jewelry.
Recycle or Refine Used Jewelry for Cash
Now that you know approximately what each piece is worth, it’s time to start looking for offers from recyclers or refiners who buy unwanted metal and gems. Don’t forget to look at online reviews to make sure you’re working with a respected precious metal refiner!
Scrutinize Offers Before You Sell Unwanted Jewelry
It goes without saying that every offer should be carefully considered before making a sale. Always weigh potential earnings against fees charged by each recycler, such as taxes and shipping costs. It’s also wise to have a professional remove any gemstones to sell them separately, as doing so might get you more money in the end.