Mark Maglin, Gemologist

Should I Sell My Inherited Jewelry?

Often, inherited jewelry brings a higher sentimental value than a monetary one. Safeguarding a precious family heirlooms that have been in the family for generations is often a task given to recipients of said pieces. However, when there is no sentimental value attached to a piece of jewelry, it is generally a good idea to have the piece appraised for its value, if any. Here’s how to get started in valuing your inherited jewelry.

Proper Steps to take when thinking about Selling Inherited Jewelry

Find an Appraiser

It’s easy to guess how much you think a piece of jewelry might be worth after doing a few internet searches, but the best way to determine the actual value of an item is to find an appraiser that is capable of evaluating it. Because there are no federal or state licensing requirements for becoming an appraiser, you’ll need to do more than just walk into your local pawn shop or jewelry store to see how much you could get for it. Instead, there are a variety of jewelry industry organizations that hold their members to high standards and require certifications in several areas.

Options To Avoid When Selling Inherited Jewelry

Avoid Digital Transactions

With the rise of digital accessibility, digital transactions have become commonplace. Even if it may be a genuine offer, it is okay to be weary of accepting digital payment due to fraud or theft related reasons. If you want to stay secure, meeting in person with a professional is always going to be the safest decision when dealing with diamonds.

Avoid Cash For Gold & Fast Cash Options

If you are looking to get the most out of a loose diamond or gemstone it is advised to steer clear of any pawn shops, cash for gold locations, or quick cash payouts as these will generally result in low offers. You are generally going to get a low price offered as a pawn shop will need to resell the item and giving an individual a good deal means lower profit margins on their end. By going to a pawn shop, the diamond may also be graded improperly which can create a false idea of the diamonds true value

Contact Gembyr Today!

If you have old or broken jewelry to sell, our team can help! We’ll offer you the best rates at the fairest possible cost for all of your old and broken jewelry items. If you have damaged jewlery, diamonds, or gold accessories, contact Mark today for a free consultation or appraisal you can also contact Mark by email or calling today at 1-603-828-1144.