Inheritors selling directly to local jewelers often find that offers for their cherished heirlooms may only be a bit better than what they could get from a pawnshop. The biggest thing going for ebay is that they have a huge audience and you will get the most exposure for your items.
Many heirs think that hiring an independent appraiser is the best way to make the first step of selling inherited jewelry.
Best way to sell inherited jewelry. Whether your are in charge of an estate one of the heirs or you just want to plan ahead we can help. Fairly dividing jewelry in an estate can be tricky. Sell inherited jewelry.
Gather information on your inherited jewelry. To find an appraiser in your area contact one of the major industry associations listed above for names. Putting a value on inherited heirlooms requires a qualified professional.
We will also discuss some of the common pitfalls when dealing with a jewelry inheritance and how you can avoid them. Establishing a relationship with a family jewelry dealer can help ensure that you have a trustworthy and pleasant experience no matter how you sell your piece. Getting an appraisal is a good way to better understand the pieces you are inheriting.
If you don t have a direct link to a jeweler seek referrals from friends. Starting local is a great way to start your jewelry selling journey but it might not be the best move to actually sell to your neighborhood jeweler. The best option is to go through a family jewelry dealer with whom you already have a relationship mcneal said.
Sell inherited jewelry in 4 steps. When local jewelers buy things like a branded watch or a diamond ring they will normally sell them to a dealer who will then sell them to a wholesaler. If you ve made the decision to sell inherited jewelry you of course want to do so in the most responsible way possible.
Get a price quote. Keep in mind that pawn shops may offer quick cash but pay just 13 of purchase price on average. Is your heirloom jewelry a diamond ring engagement ring bracelet earrings or necklace.
We doubt this assumption because appraisers often estimate the retail replacement value or the insurance value but usually not the fair market value. Before starting this process consider the following. Particularly on inherited pieces from a person who has passed on.
I believe the person would want you to make use of the jewelry in the best way that works for you and gives you some measure of joy either financially or aesthetically. If you have jewelry you ve purchased or been given but rarely used selling or re designing make the most sense. The most popular place to sell pre owned or inherited jewelry is ebay.
Gather information on your jewelry. It helps to have paperwork for your jewelry item to determine the authenticity of the piece and its characteristics. The first step is to establish exactly what you have.
This article explains the four main ways to value inherited jewelry and which ones you may want to avoid for your estate.