Last updated on March 25th, 2021 at 03:23 am
Last Updated on March 25, 2021 Posted by Colonial Acres Coins
Most every individual who has a jewelry collection has multiple pieces, from rings to necklaces and bracelets. Over time, there will be pieces that are not used and simply take up space. Instead of collecting piece after piece, or giving items away, you can actually make money by selling your old pieces. When it comes to silver jewelry, you can sell the pieces and make a pretty penny based on the silver content. Learn more about how to sell silver jewelry below so you can earn money for your unwanted or broken items.
Where to Sell your Pieces
To begin, you need to know where to sell your pieces. There are online options for selling your jewelry but you want to be sure to work with a qualified dealer, such as Colonial Acres. Storefronts are also available with companies that buy gold and silver as well, so if you have a local option, you can visit the appraiser in person and see how much your items are worth. By visiting a storefront, you also have the ability to negotiate to get the best price for your items.
Reviewing Your Jewelry
When selling your silver jewelry, there are certain characteristics you will need to look for. To begin, a gold and silver dealer will take jewelry items that are broken or intact. The buyer simply wants the pieces for the silver content. Take a look at your collection and see what you might have. There should be some type of marking to help you determine what your piece is. Silver comes in different alloys with pure silver being marked with a 999 somewhere on the piece. This will have 99.9% silver content.
Jewelry is generally made from silver alloy like sterling silver. The silver is soft and can scratch so it needs help to hold up. By mixing the metal with another metal, such as copper, the piece will be more wearable and harder. Sterling silver will have a 925 marking on it which means it contains 92.5% silver. Other markings you can look for include 800, 500, etc.
Selling Your Jewelry
Once you determine what pieces you wish to sell, you will need to learn more about the selling process. Your jewelry will be reviewed by an appraiser to see what silver content it has and the piece will be weighed. These are factors that will determine how much you will be offered. To ensure you get a quality price, look up the market value for silver before you decide to sell. This information will help you with negotiating.
Just remember, that even broken pieces have value, especially if they have a high silver content. By selling your broken pieces or old pieces of silver jewelry, you can have quick money in your pocket that can be used to buy more jewelry or whatever you like. Instead of giving away your old jewelry or throwing away broken pieces, consider selling them to a dealer today!