Last updated on December 11th, 2019 at 05:12 am
Last Updated on December 11, 2019 Posted by Colonial Acres Coins
If you are like most people, you most likely have jewelry that is just sitting in a drawer or in a jewelry box unused. Old silver and gold jewelry can easily fetch a nice price from a gold and silver dealer depending on the metal content. By having your old jewelry appraised, you can find out how much cash it’s worth and you may end up selling even more in the future. Selling jewelry in Kitchener is an easy process if you know what to do. Read on to see how you can take simple steps to selling your gold and silver jewelry.
Reviewing Your Jewelry
The first step to the selling process is to review your collection. You need to separate the real items from the fake as well as determine which pieces you wish to try and sell. When separating your jewelry, you may have a hard time determining which items are real and which are fake. One way to tell is with a strong magnet. Hold a magnet up to the piece and see if it is attracted to the magnet. If not, then you have gold and silver, in most cases. This trick does not always work so be sure you have any pieces appraised that you are unsure of.
Another way to determine real or costume jewelry is to look for markings. For gold jewelry, you will see markings such as 10K, 14K, 18K and so on. With silver jewelry, you should see marking such as .925 or the word Sterling. Look for such markings, though they can be small and hard to see by the naked eye.
Many dealers are not interested in the semi-precious stones that are attached to rings or bracelets. These stones may have to be removed in order for the correct weight of the gold or silver to be determined. The dealer may ask to remove the stone so be sure you are ready to sell if you have the stone removed.
As far as diamonds are concerned, the dealer may offer you a price for the diamond as well. Be prepared to be asked to sell your top quality diamonds which will add to the price you receive for your gold and silver jewelry. You also have the option to keep the diamond and use it in another piece if the stone can easily be removed.
Take into consideration which pieces that you have that you are willing to part with. Dealers do not care if pieces are broken or missing sections. Even partial necklaces have value if they are pure gold or silver. Consider starting the sale of your jewelry collection with pieces that are broken. Once you see how easy it is to make extra cash, you will be more willing to further rid yourself of your collection to make a little money which of course could be used to buy more jewelry!
For all your gold and silver jewelry buying needs, contact us at Colonial Acres. We offer cash for your broken or intact jewelry pieces.