How to Sell Jewelry for Cash? Try Jewelry Consignment for Maximum Profit

There are plenty of ways to sell your gold and get some fast cash. When it comes to selling jewelry, it can get a little tricky, mostly because 90% of the jewelry sold in America end up in refinery. Most of the value we find in jewelry is sentimental, and sometimes people are surprised to hear the real value of their gold.

Another way to sell jewelry and get a good deal is by trying ebay or craigslist and hoping that someone will fall in love with your jewelry, not because of the gold’s value, but because of the design and model. This can get pretty tricky though and you have to be an experienced negotiator in order to get the best deal. You also have to watch out for scammers and there are lots of them out there.

Luckily, there is a midway solution and it’s called Jewelry Consignment. It basically means that an external party does the job for you. When the deal is made, the seller or a consignee pays you the consignor a portion of the proceeds from the sale.

You will not receive any money before the item is sold, but you will be the rightful owner of the jewelry all along which means that you can change your mind. Usually the consignor and the consignee agree on a specific period of time in which the item will be sold. If that period ends, the owner reclaims the item or extends the time frame.

The safest and easiest way to get the highest return for your jewelry is to place it on consignment with a reputable jeweler. Since jewelers work with other jewelers in the trade, as well as their own private clientele, they have a much better chance of selling your jewelry for you. Typical consignment ranges from a 50/50 split to 70/30 when the jewelry sells.

The advantages to jewelry consignment:

-A reputable jeweler already has potential clientele which earns the highest return
-Reputable jewelers may be able to sell a desirable piece within the trade at or above wholesale price
-A jeweler can process a credit card sales and you can only ask for cash
-You don’t have to deal and negotiate with potential buyers
-You don’t have to worry about security issues
-Its easy, the jeweler should handle everything

Disadvantages to jewelry consignment:

-Make sure you are dealing with a reputable, licensed & friendly company
-Sometimes a jeweler can go out of business, which leaves you empty handed
-Your jewelry might not sell or may take a long time to do so

At Global Gold & Silver we offer a 90/10 split with you receiving 90% of the proceeds and we handle any expenditures such as ad and shipping costs. At Global Gold & Silver we believe that transparency builds trust, so before you decide to transact business with any establishment, you are strongly advised to research their legitimacy, look online for customer reviews, ask your friends and family, or just head on to jewelry scrappers and sell your gold with confidence.