Quick Answer: How Can I Sell My Jewelry Without Getting Ripped Off?

How much can you sell jewelry for?

Generally, when you sell pre-owned fine jewelry, you can expect to get around 20 to 50% of the original purchase price.

There are a few exceptions to this range.

For example, very rare and highly desirable pieces may fetch a higher price..

How much do you lose when selling gold?

When you sell gold coins or bars, you should expect to receive at least 90% to 95% of the current market value. But with gold jewelry, you’re likely to get only 70% to 80% of the melt value.

Does Kay Jewelers buy jewelry back?

Kay Jewelers opened its first store in Reading, Pennsylvania, in 1916. … The Kay Jewelers Gold Exchange is an opportunity for you to sell your used, unwanted gold and platinum jewelry through a secure program from a company you know and have trusted for years. Learn more about the Kay Jewelers Gold Exchange.

Where can I sell my jewelry for the most money?

Selling your jewelry in person to a local shop may still be the best way to get the most money out of it. Here, too, you have lots of options, including coin shops, pawnshops, consignment shops and jewelers. The American Gem Society provides a list of local jewelers who buy jewelry.

Is sell your gold legit?

This company that I decided to review had been highly recommended, and the Today Show found that Sell Your Gold had the highest payouts of any competitors… Plus, they not only had a price match guarantee, but they give an extra 10% payout (if you find a higher quote elsewhere) and a 5% INITIAL BONUS.

Can you sell gold to a bank?

While there are banks that do sell gold, the selection of assets for purchase are often limited to a select assortment of gold coins. … If you’re determined to buy gold from a bank, make sure you contact them beforehand to ensure they have the supply to sell.

What is gold at now?

Live Metal Spot Price (24hrs) Apr 17, 2021 at 04:21 ESTGold Spot PricesTodayChangeGold Price Per Ounce$ 1,783.55-1.23Gold Price Per Gram$ 57.34-0.04Gold Price Per Kilo$ 57,342.46-39.554 days ago

What can I do with unwanted jewelry?

7 Ways to Turn Unwanted Jewelry Into Cash:Sell your scrap. Broken or damaged pieces, single earrings, or kinked chains are perfect for selling for scrap. … Sell costume pieces on eBay. … Sell parts and pieces Etsy. … Use Craigslist. … Try a local flea market. … Visit your local antique shop. … Try TopHatter. … How to Start Selling on Ebay.More items…•Jan 31, 2018

How can I buy an engagement ring without getting ripped off?

7 tips to buy an engagement ring without getting ripped offBuy from a wholesaler. … Consider your metal choice. … Avoid whole carats. … Buy a diamond with minor imperfections. … Think about the taxes. … Spend only what you feel comfortable spending. … Use a family heirloom.Dec 28, 2016

How do I avoid getting ripped off selling gold jewelry?

Here are some things to keep in mind to avoid being ripped off as you sell your gold:Know the Realities of Selling Gold. Realize that even though gold prices are above $1,800 an ounce, you aren’t going to get that. … Shop Around. … Keep the Gems Separate. … Be Careful of Mail-In Gold Sales.

Where can I sell my jewelry for best price?

Tip 3: Where to sell your unwanted jewelry? Go to a local or online retailer…Local Jeweler: Local jewelers are likely to give you the best price because they’ll see you as a potential customer. … Sell it online: Selling it online can mean a lot of things. … Consignment jewelers. … Pawnshops:Jul 9, 2018

What is the best website to sell jewelry?

So what are the best websites to sell jewelry?Etsy.eBay.ArtFire.Bonanza.Zibbet.Sep 8, 2017

Does Zales buy used jewelry?

In Summary. Zales doesn’t purchase used jewelry. However, you may be able to trade in your previous Zales purchases. Alternately, you can sell your gold or platinum through Zales’ Gold Exchange program online.

How can I sell jewelry online for cash?

Where to Sell Your Used Jewelry OnlineWorthy. You can sell precious metal earrings, rings, necklaces and bracelets on Worthy. … Things We Buy. Things We Buyspecializes in fine jewelry with a diamond larger than one carat. … TheRealReal. … WP Diamonds. … Cash for Gold USA. … Tradesy. … I Do Now I Don’t.Mar 2, 2021

Is it better to sell jewelry to a pawn shop or jewelry store?

Pawning your jewelry is a really good option for two reasons. First, it’s great if you need money quickly but you also want to keep your jewelry. Second, because the pawn shop doesn’t have to worry about having to sell your jewelry, you’ll probably get more money. … Shop around at different pawn shops or jewelers.

Why is diamond resale value so low?

At a jeweler’s store, a diamond ring is worth twice what it’s worth after it has been purchased. This is because they buy their diamond pieces in bulk and this secures them the wholesale rate. In a nutshell, these are the main reasons why the diamond resale value is so low. …

Can you sell jewelry for appraised value?

This is why people often look to their jewelry appraisal for the value, however, appraisals are mostly done for insurance purposes and unfortunately, the truth is, you can NOT sell your diamond for the face value of an appraisal.

How do I not get ripped when buying jewelry?

If you want to buy a diamond ring and not get ripped off, buy from a popular and trusted jeweler or online store. Make sure they offer GIA certified diamonds and have at least a 30 day return policy. Also, diamonds now have a Laser Inscription inside the diamond.

Where can I sell my diamond ring for cash?

Where Can I Sell My Diamond Ring For Cash?Get the answers to the following questions:PAWNSHOPS: With this local option you can get paid quickly for your engagement ring. … AUCTION HOUSES: While an auction house will handle selling the ring for you, this is typically a long selling process that can take many months and with no guaranteed sale.More items…•Jul 30, 2019