Selling your valuable jewelry or precious metals such as gold and silver can be a difficult decision. Most people have old rings, necklaces, bracelets or other type of jewelry that they do not use any more and these items can be sold for their metal and stone value or made into new pieces more in-tune with current fashions.
First you need to know the market price of the raw materials used in what you're selling such as gold prices. (the following price is provided by a 3rd party and is not guaranteed for exact accuracy by EyeOnJewels)
Today's gold price on the NY spot market:
Type of items that can be usually sold are: - Precious metals such as gold, silver and platinum,
- Loose stones such as diamonds or other colored gemstones,
- Complete jewelry designs or sets.
Where to sell your items You can sell your items through a variety of options including:
1. Local jewelry stores Selling your gold or jewelry to a local store has advantages such as being able to physically carry your items and witness the examination, as well as getting paid on the spot.
2. Online and Mail-in companies A sample listing of Mail-in jewelry and gold buyers: - Dillon Gage
- Cash4Gold
- Circa Jewels
- Dollars4Gold
- GoldKit
- Red Swan
- Things We Buy
3. House parties A sample listing of gold and jewelry house party companies: - MyGoldParty
- GoldParty.net
- GoldPartyPro
- MyGoldParty
4. Pawn shops A sample listing of pawn shops which buy jewelry and watches: - Carolina Pawn And Jewelry Exchange
- Republic Metals Corporation (superpawn.com)
- Gardena Jewelry & Pawn
- New Deal Pawn
- Dublin Music & Pawn
- Summer Street Pawn Shop
- Cash-PawnbrokerInBellevue.com
- Jollyspawnshopgnc.com
A note about antiques (collectibles): if an item is a antique piece it will have additional value on top of the metal and stone prices. Collectible items require careful and proper evaluation to ensure a correct and fair price is garnered. Not all jewelers will purchase collectibles as it requires a special market to sell such items so you need to find a store or buyer that specializes in antiques.
Legal aspects Most cities, counties and states have some form of SECONDHAND LICENSE requirements for people that buy pre-owned jewelry. These laws are usually in place to address:
1. Anti-fencing: fencing is the selling of stolen goods for a form of currency. These are laws set in place to eliminate the selling and buying of stolen goods and they vary in different cities.
2. Anti-money-laundering: The new U.S. Patriot Act mandates that anyone who buys and sells more than $50,000 in precious metals and stones must have an anti-money-laundering program in place.
Consumers can normally find more information about their local and state regulations from local consumer-protection agencies or state attorney general's offices.
Do you have a correction or addition to this page? Click here to get more information on how to sell your old jewelry and watches.
The information provided here is not considered legal advice. If help is needed in a legal matter contact an attorney for proper legal advice.
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