Last updated on May 2nd, 2024 at 03:31 pm
Last Updated on May 2, 2024 Posted by Colonial Acres Coins
Estate jewellery presents a tremendous financial opportunity for owners willing to part with it. Of course, the term covers such a broad range of items that determining what’s valuable and what isn’t can be challenging. Colonial Acres Coins shares some selling tips to help customers get a fair price for their estate jewellery in Canada.
Why Sell Estate Jewellery in Canada?
Jewellery tends to pile up over the years, and if your tastes change, you may want to declutter. Offering estate jewellery for sale is an excellent way to fund future purchases while cleaning out the closet.
Selling unwanted items is also an effective way to make quick money. If you have a big expense or simply want a little cash for a rainy day, you can part with a ring you’re not attached to.
Finally, putting estate jewellery up for sale allows you to pass along things you don’t want. For example, you may inherit a piece that doesn’t suit your style; selling it enables someone else to discover and fall in love with the accessory.
Sometimes, people have items that remind them of rough times. For instance, divorced individuals may sell their wedding or engagement rings as a form of closure. Doing so lets the ring pass to someone who will enjoy its beauty without the baggage.
What Are the Best Tips for Selling Jewellery?
Once you decide to sell your jewellery, how should you proceed? The first step is ensuring you won’t regret parting with the pieces. If an accessory holds strong sentiment for you, you may want to keep it. Of course, not everyone has the option to hang onto sentimental items. If you’re in this position, take the necessary time to emotionally detach. The following can help you come to terms with selling the accessory:
- Take lots of pictures, especially of you wearing the item.
- Find a similar, less expensive piece that reminds you of the original.
- Consider taking out the stones for use in other jewellery.
Next, determine what your jewellery is worth. If the buyer intends to melt down the piece, the metal purity is a top concern. Many buyers only want silver or gold for this purpose. It’s important to note that most places won’t accept plated jewellery, as it has a low purity. Rather than being made of gold or silver, it’s manufactured with a cheaper metal, then covered with a thin layer of precious metal to make it look more expensive.
If the buyer intends to wear or resell the jewellery, gem rarity and quality may come into play. Craftsmanship can be another important factor. Many designers mark their work to identify it as original. A designer mark can drastically impact the value; if a designer makes only a small amount of jewellery or only a few pieces remain, it may boost the worth of your accessory.
The condition of a piece may also affect its worth. Damage and discoloration can lower the value, so it pays to store estate jewellery in a secure, climate-controlled environment. If you have the original packing, you should keep it in good condition, as it can add to the overall value. For the most part, though, the value of estate jewellery is based on the precious metal it contains.
Why Sell to Colonial Acres Coins?
Colonial Acres Coins doesn’t just buy historical and commemorative coins — we also purchase jewellery. We make the process easy by assessing pieces and paying sellers on their first visit. Additionally, we accept tarnished pieces, reducing the amount of work for sellers.
As established Canadian estate jewellers, we proudly offer fair compensation for pieces. While we primarily focus on the amount of gold and silver for valuation, we also accept some diamonds, opening the door for even more money-making opportunities. We don’t require appointments for assessments, so don’t hesitate to drop by during store hours.
