Lots of people today are looking to make a little extra cash by selling jewelry they no longer want or wear. This is sometimes heirloom jewelry they have inherited from a relative, or it could be newer jewelry they were given as gifts or bought for themselves. Either way, they need the cash more than they need the jewelry, and they are looking for reputable buyers to give them a good price on their bling. However, finding a good buyer is not as easy as it may seem. With people on seemingly every street corner holding up signs declaring they buy gold and jewelry, it can be hard to know just which ones to trust. Getting the best price, though, is inherent on finding a reputable jewelry buyer.
Horseshoe Ring gold and diamond pave
How to Tell a Reputable Buyer from a Bad One
It’s not always easy to tell a good jewelry buyer from a bad one. Just because a shop is small and locally owned doesn’t mean it’s a good one, just as being a chain store doesn’t make it a bad one. Popularity isn’t necessarily a deciding factor, either. Some jewelry stores quietly bilk sellers out of thousands of dollars every day, while continuing to operate quite successfully, and even manage to get sellers to recommend them to their friends and family. At the same time, reputable buyers may have a hard time attracting customers. It’s almost like the Wild West out there in the jewelry buying world.
One sure sign of a bad jewelry buyer, however, is one that goes overboard with sensational advertising. We’ve all seen ads from these buyers, saying how much we can make if we send them our scrap and broken gold and other precious metals and gemstones. The ads may even show people opening up checks for large amounts of money or holding a large stack of cash in their hands. These buyers rarely live up to their promises. Many people who use them find they get only a small fraction of the worth of their jewelry. This is especially true for mail-in companies where you never get a chance to talk directly to the jewelry buyer. You always want an explanation for the value of your jewelry, and you won’t get that with a mail-in company. You should also avoid walk-in companies that won’t give you an explanation for how they are valuing your jewelry. It’s important to know the exact factors that go into determining a piece of jewelry’s value.
Do Some Research Yourself Ahead of Time
Because knowing the value of jewelry is so important to being sure you’re getting a good price, it is an excellent (and smart) idea to do some research into what you’ve got to sell before going to any buyer. Look up prices online for gold, silver, other precious metals, and gemstones. Weigh your jewelry to get an idea of the worth of your goods by weight according to their current values. If you have heirloom jewelry, look into its potential value based on time period, cut of the stones, condition of the metals, and more. You can find all of this information online with a little digging around on the search engines. Then you can bring in your jewelry to a buyer with a good idea of how much it’s worth.
Just remember, even the most reputable jewelry buyer won’t give you full value for your jewelry. The jeweler has to re-sell what he or she buys from you, so has to buy at a discount in order to re-sell at a profit. The best jewelry buyers will give you the largest percentage they can for your jewelry. Some will give as much as 80 percent of your jewelry’s worth, depending on its condition and the cost of cleaning it up for re-sell.
If you come across any jewelry buyer who offers you less than 25 percent of the value of your jewelry, run far and fast, as they are not reputable. They are out to fleece you by giving you virtually nothing for your jewelry, and then selling it at a large profit for them. Most jewelry buyers of good reputation offer between 25 and 75 percent of the value of your jewelry. You may want to shop around a bit with different buyers until you get the best price for your goods.
Surprise the Jewelers
Most jewelers assume you know little to nothing of the value of your jewelry. They will be surprised when you talk to them of current precious metal and gemstone prices and the value of certain styles and time periods of antiques. The bad buyers will be dismayed by your knowledge, and may even be angry that you know so much about what you’ve brought in for them to see. They may not even want to work with you if you start showing that you know things about your jewelry’s value. They are counting on you to not know, so they can pick your pocket. These are people you don’t even want to try to make a deal with, because you’ll always get a pittance for what could be worth a lot of money, even on the re-sell market.
Reputable jewelers are always happy to talk to customers who know something about what they have to offer. It makes their job easier, since they don’t have to spend a lot of time educating the seller on why their jewelry can or cannot be purchased for a lot of money. The amount they offer for the jewelry will be less of a surprise to the seller, too. This makes for a much happier interaction between both buyer and seller. If a jeweler is pleased that you know something about the value of your jewelry and is willing to talk to you about it to make a good deal for you both, then you have found a reputable buyer. This is one you can recommend to your family and friends.
The Best Way to Sell Gold in Boca Raton
Boca Raton is full of jewelry buyers. This is partly because of the strong market from the large retirement population that lives there, and also because of the strong re-sell market in south Florida in general. It’s not just the retirees who are looking to sell gold in Boca Raton, though. Just like anywhere else, people of all ages in Boca Raton are looking to sell gold and other jewelry to get cash assets on hand. Most people today need cash more than they need jewelry.
Fortunately, Boca Raton is the location of Raymond Lee Jewelers. This company has been operating in south Florida since 1983 and has already developed a strong reputation as a reputable and trustworthy buyer of jewelry of all kinds. Raymond Lee Jewelers has worked hard to build and maintain this reputation over the past 30 years, and it thus one of the most recommended jewelers among family and friends in the city. It is a place people know they can always go to get the best possible price on any jewelry they may have to sell, and will always be treated with courtesy and honesty.
