Jewelry Buyers - How to Maximize Profit
Visiting jewelry buyers can help you get through a difficult financial time without an expensive loan. Before you sell your jewels, make sure you are going to get a fair price.
Know the Value
Before you visit the buyer, make sure you have a basic idea of the value of the times. This will help prevent you from being taken advantage of. If you have a basic idea of what you should be getting for the items, then you will know if the price you are being offered is fair.
So how can you get this idea? Consider asking others who have visited jewelry buyers what they got for their items. Consider calling around to ask what the basic price for a piece like yours is. Calling several different companies will give you a ballpark figure for what the price may be.
If your items are made out of gold or silver, research the current market weight before you go. While you are not going to get the full market value, because the buyer needs to make a profit, you should get something fairly close.
Use a Reputable Dealer
Instead of visiting the pawnshop, find a reputable dealer. A national name is often better than a local shop often for this task, but the best way to find a reputable dealer is to ask around. Someone with a good reputation is likely to give you a fair deal.
Research Your Piece
The more you know about the piece you are selling, the better your price will be. Find out all you can about the gems, the carat weight of the metal, and the history of the piece. Sometimes, value will be found in something like the age and history of the piece as well as the actual precious metals and gems.
Don't Forget the Gems
Often, jewelry buyers are focused on the precious metals, but if your piece has valuable gems, make sure these are considered in the price you receive. Go to a buyer who will value the gems as well as the metal. This will help you to get a good price. If the buyer is only interested in the gold, you may be wasting some perfectly valuable gems.
Be Willing to Haggle
Learn the art of haggling before visiting these merchants. If you are not happy with the price, be willing to walk away. You can always find someone else to sell to, or you can return to the merchant if you cannot find a better price. There is likely some wiggle room in whatever price you are quoted, so do not be afraid to attempt to negotiate some.
Remember, jewelry buyers can be a great way for someone strapped for cash to make a little extra to get by. They do not require you to pay back what you have earned, making them a great alternative to a payday loan, if you can get the right price for your jewels.
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