Know What It’s Worth
Everywhere you turn, there are people and businesses eager to buy your scrap gold and jewelry. And let’s face it—turning something you no longer wear into quick cash can be pretty appealing. In fact, we’re one of those buyers! But here’s the thing: who you choose to sell to makes all the difference.
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Do your research! Know what you have before you sell!
Understand the history, materials, and current market value of your item—whether it’s jewelry, collectibles, antiques, or art. -
Get 3 appraisals.
Seek opinions from multiple reputable sources to ensure you receive a fair and accurate valuation. -
Review the buyer with the Better Business Bureau.
Check ratings, complaints, and reviews to avoid scams and ensure a trustworthy transaction. -
Understand your selling options.
Decide whether to sell at auction, through a dealer, online marketplace, or directly to a buyer. Each has pros and cons in terms of price, speed, and security. -
Know the fees involved.
Understand commissions, appraisal fees, shipping costs, or any platform fees that may reduce your net earnings. -
Keep documentation.
Save appraisals, receipts, provenance papers, or certificates of authenticity. These can increase buyer confidence and value. -
Be cautious with cash buyers.
Some cash buyers offer lowball offers. Never feel pressured to sell on the spot. -
Insure high-value items before selling.
If your item is especially valuable, ensure it’s protected during the selling process. -
Trust your instincts.
If something feels off—walk away. A reputable buyer won’t rush or pressure you. -
If a buyer asks, “How much do you want?” – be cautious.
Reputable buyers know the value of your item and should make a fair offer up front. Don’t feel pressured to name a price first. -
Expect transparency and a best offer from the start.
Serious buyers should lead with their best price, not play negotiation games. -
Decide if supporting local matters to you.
Local businesses employ local people, contribute to the local economy, and often support community events and sports teams. -
Out-of-area or out-of-country buyers don’t reinvest in your community.
Consider whether you want your sale to support your region or send profits elsewhere.
If a buyer asks, “How much do you want?” – be cautious.
If something feels off—walk away. A reputable buyer won’t rush or pressure you.
