Do you have jewelry sitting around that you no longer use? Turn your unused jewelry into cash.
In this article, I share:
- Best ways to find nearby locations to sell your jewelry
- Where to sell used jewelry online
- Pros and cons of selling at a local store vs. online
I’ve personally sold used jewelry to a local Pawn Shop before, so I have experience doing this.
This post will help you feel confident knowing you’re getting a fair deal on your jewelry.
Places To Sell Jewelry In Person
The place people typically visit when selling jewelry is pawn shops. Pawn shops are a popular place to sell all kinds of items including jewelry.
I’ve only sold jewelry once and it was at a local pawn shop. I had no idea what I was doing and zero experience doing it, but I ended up getting $100 which I thought was a fair price.
Pawn shops specialize in appraising the value of your item and offering you money based on the appraisal and current market value.
To get the most money possible, bring documentation like certificates or receipts to help justify the price you think is fair.
Local Jewelry Store
You can also sell your jewelry at a local jewelry store. Not all jewelry stores purchase used jewelry, so it’s important to call ahead and ask if they buy used jewelry before heading to the store.
When presenting your jewelry to the jewelry store, present the item in a clean manner as this can add a ton of value to the jewelry.
If your jewelry is gold, visiting a gold buyer is a great option for turning that piece of jewelry into cash. Gold buyers are known for specializing in assessing the purity of gold and making offers based on current gold market price.
It’s helpful that you know ahead of time what the weight and purity of the gold jewelry is. This will give you a rough idea on the value of your gold jewelry, making it easier to negotiate a fair price.
Online Selling Options
Sell Jewelry Online
Instead of selling your used jewelry in person, consider online platforms that specialize in buying jewelry items. Online platforms are a convenient way to sell and get rid of jewelry pieces, especially with payment options like PayPal or direct deposit.
Some online platforms even provide free appraisal for your jewelry items and facilitate the shipping of the items, making it an easy process for you.
Another great option for selling secondhand jewelry is via Facebook Marketplace. This platform is a hot spot for second hand items and connects you with potential buyers in your local area and far away.
To list an item on Facebook Marketplace, post high quality photos of your jewelry, create a detailed description of the item, and set your price. If you’re negotiate, make that known in the description.
Once you find a buyer, it’s important to arrange a safe meeting place like at a police station or another well-lit public space.
Craigslist is another popular platform for selling used jewelry. This option allows you to connect with local buyers who are searching for jewelry.
To make a post on Craigslist, do the following:
- Click “Post An Ad”
- Choose “For Sale By Owner”
- Choose the category “Jewelry”
- Create your listing and share information like price, condition, and contact info.
When talking to people on Craigslist, make sure to keep safety in mind and always meet in a public place.
A reputable online platform called The RealReal is known for specializing in selling high-end designer items, and jewelry counts as that.
You can submit your jewelry for sale. The RealReal’s experts will appraise, photograph, and list your items for sale on their website. Once your items are sold, you receive your payment through options like Direct Deposit.
The RealReal charges a high commission schedule, paying sellers between 20% and 85% of the sales price.
Auctions and Consignments
You can also sell your jewelry at an auction house. Selling at an auction house is a good option if you have high quality jewelry or unique jewelry pieces. As a seller, you’ll benefit from the bidding process which can oftentimes lead to a better final sale.
When selling items at an auction house, it’s important to be aware of the auction house fee and commission rates, as this can eat into your final amount you’ll receive for the jewelry piece.
Tip: To find an auction house near you, all you have to do is type your local city + auction house on Google.
eBay is an online platform for selling items like jewelry. Using eBay to sell your jewelry can be a great idea because you have the potential to reach a global audience.
On eBay, you can set a fixed price or use an auction-style listing for your jewelry piece. It’s important to post high quality pictures of the jewelry piece and an accurate description.
eBay does charge fees for listing and selling items, so keep this in mind. You’ll also have to manage the shipping and handling fees.
Another great way to sell jewelry is via consignment shop. Local consignment shops specialize in jewelry sales and they’ll display your items in their store.
Once a customer purchases your jewelry, the shop will take a commission and the rest will go to you. This is a great option if you’re not in a huge hurry to sell the jewelry price.
When choosing a consignment shop to sell your jewelry, it’s important to check for reviews and commission rates.
FAQ – How To Get Cash For Jewelry near You
What kind of used jewelry and I sell?
You can sell all kinds of secondhand jewelry and in this section we’ll go over the most popular pieces.
How can I get started selling my jewelry?
When getting started selling your jewelry, it’s important to clean the jewelry and know the current market place.
Some popular places to consider selling your jewelry include:
- Local jewelry stores, like Kay Jewelers
- Online platforms, such as eBay or Poshmark
- Gold buyers and pawnshops
- Consignment shops
How can I get my jewelry appraised?
Getting an appraisal is fairly easy and will tell you the fair market value for your jewelry. You can find a local jewelry appraiser through Google.
During a jewelry appraisal, the appraiser will examine your pieces to assess:
- The type and quality of the metal
- The clarity, color, and size of gemstones
- The overall condition and craftsmanship
Tip: Appraisal fees can range from $50 to $100, depending on the complexity of the piece.
Can I sell broken or damaged jewelry?
You may be able to sell broken or damaged jewelry depending on if the jewelry includes gold or precious metals. You may even be able to repair the item. Check to see if the repair costs are worth it compared to the items value when in good condition.
What are some tips for a successful jewelry sale?
Here’s a list of the best tips for completing a successful sale.
- Find reputable buyers who have a good customer track record, like a Pawn Shop with good seller reviews or an online platform with positive reviews.
- Understand the value of your jewelry item by getting an appraisal or research the average selling price for a similar piece.
Final Thoughts – How To Get Cash For Jewelry Near You
Back in college, I needed some extra money so I sold earrings at a local Pawn Shop. My experience selling my used jewelry was quick, painless, and way easier than I thought it would be.
However, now I know there are many different places and methods for selling used jewelry, so I may pick a different option next time.
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Alexis Schroeder is the CEO and founder of FITnancials.
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