We've all heard the cash for gold commercials, so the idea of cashing in on jewelry isn't new. However, sending your gold to an unnamed buyer in an envelope is a risky game. You're never assured of a price, and when the money comes and you're disappointed, it's too late to do anything about it. Instead, take your pieces to a jeweler for resale. Often, jewelers have dates each month that they buy "estate jewelry." This is a nice name for used pieces.
What to consider:
Not all jewelry is worth a fortune. Right now gold is high, so gold pieces laying around could be worth more in cash than they are in sentiment. Likewise, if you're undecided about selling a gold piece, don't. If you decide to replace it later, the cost of gold will cause you to pay more for the replacement than you earned for the original sale.
Plated jewelry isn't going to resell well. While gold is worth money, there's only a thin layer of gold on top of a base metal, and the base metal is worth very little. You're most likely going to get value from the design of the piece than the composition.
Old costume jewelry is worth money even if it isn't gold. Much like any antique, old jewelry has an appeal that is worth more than its components.
If you didn't pay much for it originally, it won't earn value sitting in your jewelry box. Reasonably priced jewelry will bring reasonably priced resale unless it's antique. Those who invest money in pieces from jewelers know that it will always command at least the original value. Pieces found at mall shops and lesser jewelry sellers aren't extremely high quality pieces and will return much the same as they cost.
What to consider:
Computer parts might be worth more than the whole, especially if one component blew out. Sell video cards, memory cards, and disk drives separately to earn some profit.
Used video games garner only a few dollars on the resale. Compared to the price of a new game, playing the game once in awhile might justify keeping it when the resale to a store like GameStop earns $5 or $10. The same applies to hand held game systems like Nintendo DS.
Forget about selling anything out of date. Old TVs, VCR tapes, and computers belong at low priced yard sales rather than resale outlets or online auctions.
About The Author: Kelly Ann Butterbaugh is a freelance writer who regularly contributes to a variety of magazines and has written a history book for middle readers. Visit her website for writing help, lesson plans, history fun, or work for hire at: http://www.kellybutterbaugh.com
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