I am planning on selling silver jewelry at my yard sale. What are reasonable prices?
By igaragesale from Cabot, AR
If you can, weigh each piece and price it based on the ounce. silver is currently just over $14 an ounce - that would give you a good range
STOP! Before you sell it in a yard sale, check your Yellow Pages to find a local business that buys and sells precious metals. Not a pawn shop, a business that buys STERLING silver (they don't buy silver plated jewelry or serving pieces). Find out what they're paying. Check several places. Take it directly to them for the estimate. They don't care about the stones, so they'll remove them and and give them back to you if they're of any value, and you can get additional $$ from a jewelry store.
Don't expect a lot for the stones, though. They're difficult for them to sell so they have to mark them up to at least triple of what they gave you in order to make anything. You'll get those back. I recently sold quite a bit of sterling and some gold and got nearly a thousand dollars for it! Don't bother with the companies on TV and the internet (Cash 4 Gold, for example). You send it to them and then you HAVE to accept what they offer, if you decide to sell it to them.
At a yard sale, you'll have to take what they offer if you really want to sell it, and you'll never know if that was a good price or if they're going to go to the silver dealer and sell it themselves. Good luck!
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