What to Expect When Selling Family, Estate or Antique Jewelry
Whether you’ve inherited jewelry from a family member, experienced a divorce, had a change in your financial situation or even just shifted your taste, you may end up with jewelry you’d like to sell.
The first step is to know what your jewelry is worth. Check out our blog on jewelry appraisal to understand the appraisal process. Then keep reading to understand how to sell used jewelry.
How do I sell estate or antique jewelry?
We are constantly asked how to sell items, and we always do our best to help. For the Smithworks store, we buy jewelry for our Estate Collection if the jewelry is in good condition, and we believe the piece is something we can sell. If it’s something we can’t use, we can generally send you in the right direction to someone who may want to buy. If the piece is in poor condition, we can often offer to buy it based on the gold content.
Style matters when trying to sell jewelry.
Please keep in mind, if you are selling contemporary jewelry that was in fashion and popular 15-20 years ago, it is not necessarily in style today. If it isn’t in style, we likely won’t be able to sell it, so we at Smithworks wouldn’t buy it.
When we determine how much we can offer to buy a piece for, we have to balance cost versus selling price. In other words, when we purchase a piece, we need to buy it below fair market value (FMV) and resell it at FMV to make a profit. So, if you want FMV for your jewelry, you need to sell it yourself to an individual. (For more on pricing jewelry, check out our appraisal blog).
If you have jewelry you’d like to sell, please contact the store. There is no cost for an estimate or purchase.
Photo: Gold-Filled Locket with Gem-like Stones. Learn more here.Posted in Estate and Antique Jewelry