Many people have been hit hard by the bad economy and soft real estate market. They have to bring in more money to pay their mortgage and have begun to sell off assets. It’s easy for them to view their jewelry box as an active part of their investment portfolio. While the concept to sell jewelry in Chicago for cash is an easy one to understand, it can be very difficult to execute well. A professional jewelry appraiser should verify that it’s a precious metal. Unfortunately sometimes people have inherited or been given fashion jewelry instead of gold jewelry. They will also weigh the jewelry. Often the appraiser will make an immediate offer for the jewelry, if its real.
It’s a good idea for the jewelry owner to speak with several jewelry stores and pawn shops before they decide to sell jewelry in Chicago. Chicago Gold Gallery should be one of the places that they speak with. They’ve been in business for 41 years and have a reputation for paying a fair price for jewelry. Newspapers and websites publish the price of gold and silver on a daily basis. That number gives any jewelry seller an idea of what their jewelry is worth. If the price is increasing every day, they may want to wait for it to rise a bit higher. However, if it’s falling, they might want to sell more quickly. Of course if they have an emergency to pay for, they’ll need to sell quickly, regardless of the price trend.
Jewelry sellers may be surprised at the price differences among jewelry buyers. If they are selling the jewelry for scrap, the price they are willing to pay depends on whether they see the price of gold or silver increasing or decreasing. Often a jewelry seller can get more money, if the buyer intends to sell it as pre-owned jewelry. This is particularly true if the piece has a vintage or antique style. Jewelry owners can be sensitive about selling their jewelry to pay their bills. Buyers understand this and conduct the sale in a confidential manner. For more information, visit Chicago Gold Gallery online.
