Antique and estate jewelry don’t often sell easily. The process that goes into selling these types of luxury items requires a little bit of research and a whole lot of patience. To start selling your jewelry for the most ideal value, it is important to know what they are, what goes into the appraisal process, and the different ways you can choose to sell them.
Antique Jewelry and Estate Jewelry: What’s the Difference?
Just as selling any piece of jewelry, you would have to be familiar with the terms that buyers and sellers use. To put it briefly, antique jewelry is jewelry that is at least a century old. Jewelry crafted in the Victorian Era, Georgian Era, and other historic times at least 100 years ago is considered “antique.” The term estate jewelry simply means “previously owned,” whether it be an heirloom or owned by an acquaintance.
To avoid confusion, note that “antique” jewelry is the preferred classification if it meets the requirement. “Estate” is often used only to indicate that the item has been used.
4 Factors to Consider When Selling Antique and Estate Jewelry
- Authenticity and Condition
“Is it real?”
This is the first thing on people’s minds when it comes to buying and selling antique jewelry. After determining that all the precious material is authentic, jewelers can move on to determining whether or not the piece is antique. If they are over a hundred years, they then take the condition of your jewelry into consideration. If it does not qualify as an antique but is authentic, they would identify it as estate jewelry. They will assess its condition nonetheless.
- Weighed Value of the Piece
This factor is all about the numbers. Professionals weigh your jewelry on an accurate scale to determine your jewelry’s market price. Gold, for instance, is checked by its purity. 24 Karat gold is pure gold, so any less than that will be weighed and calculated to determine how much pure gold your jewelry has. Diamonds and other precious gems are also taken into account.
- The Story Behind the Jewels
Antique jewelry, as well as some estate jewelry, don’t just hold material value. They carry a piece of history, meaning they are most likely rare and sometimes one-of-a-kind. This is added value to the piece of jewelry and is most definitely one to consider when putting a price on your jewelry.
Jewelry is an accessory, which means its aesthetic value is also a factor to consider. Buyers would often select jewelry not because of how much precious material is in it, but because it matches the style that they desire. This is essentially more subjective than definitive, but it is still a valid consideration.
The appearance of antique jewelry can vary according to their era. Some buyers have a preference for certain styles over others. How clean it appears (condition) can also be something buyers can look for. But don’t worry, some collectors would still be interested in 100-year old jewelry with some signs of its age, though that may affect its market price.
Ways to Sell Antique and Estate Jewelry: Advantages and Disadvantages
Give it up for Auction
Auctions are not an uncommon way to sell estate and antique jewelry. It is one of the quickest ways to find interested buyers such as high profile jewelry enthusiasts and jewelry collectors. But note that this system is very much a gamble. Your profit will depend on the bid made by the auction attendees that day and all sales are final.
There is a possibility of you walking away with more than what your jewelry is worth, and another possibility you sell it for less. The most upsetting possibility is that no one will make an offer and you walk away having paid an auction fee and getting nothing in return. However, if you have a strong sense that your antique or estate jewelry will be well-received in an auction, then roll the dice and hope for the best.
A consignment is an option for those who don’t want to go through the hassle of finding buyers themselves. Jewelry stores or professional sellers are usually the people to go to for this arrangement.
While you save yourself the trouble of the legwork, it will affect your potential profit. Jewelers will take a cut from the sale of your product in exchange for your convenience. More often than not, they also set a deadline when the product should be sold. After all, products can’t stay on display forever. So if they can’t sell your jewelry, you’d end up with nothing but lost time.
Post an Ad Online
Selling items online has become a lot more common as it is the most convenient platform. However, while you would get a lot more responses, the ratio of serious buyers isn’t very high. Plus, the internet presents a risk factor. Scams online have become more elaborate over the years.
Visit Pawn Shops
Pawn shops are one of the many good places to sell your jewelry. It is an establishment meant to handle such transactions and there will be a couple of people behind the counter that have the right set of skills and knowledge to make a reasonable offer to you. The downside to this is that not all pawn shops will offer you the same price. So in order for you to find the best offer, you might need to visit a couple of them in order to compare and contrast prices and settle for the best one.
Where to Sell Your Antique and Estate Jewelry in AZ
If you’re on the hunt for a reputable jewelry buyer in or near Arizona, then you might want to visit Biltmore Loan and Jewelry. With 75 years of combined experience and an earned reputation for offering one of the highest prices paid for gold and silver, you are guaranteed to get a fair evaluation and given an offer you won’t get elsewhere. Contact us to find out how you can sell your antique and estate jewelry for one of the best prices around.