How to Make Extra Money with Jewelry You Don’t Use
Jewelry is the best accessory for an already-fashionable outfit. But what do you do when you have more jewelry than you can wear?
Sometimes, we just fall out of love with some of our jewelry and no longer wear it. Either way, you should be making some cash off your precious pieces. Here’s how to do it.
Turn It Into Something Else
We all know that it can be tough to turn away a beautiful piece of jewelry that’s calling our name. But, sometimes even the most fashion-obsessed people need to stick to a budget. Of course, if you’ve already done the damage and bought the jewelry, now it’s time to figure out what else you can do with it that might be more useful for you.
Before you go selling all the jewelry you don’t wear, you should consider turning it into something new. This is an especially good idea if you have inexpensive jewelry that may not sell as well as real gold and silver. For example, a beaded necklace can be turned into beaded earrings with some string and earring hooks.
Or, you can take old brooches and turn them into fancy knobs for doors.
Take It to the Pawn Shop
You may not get the most out of your jewelry from a pawn shop unless you know how much it’s worth. Some pawn shops may try to swindle you by low-balling the value of your jewelry if they suspect that you don’t know it’s true worth.
First, get your jewelry appraised by an appraiser you trust, especially if it has real gold, silver, or diamonds. Then, take your jewelry to a few different pawn shops. It’s a good idea to shop around, just like you would when you want to save money on something.
Remember that, when you sell, you’ll typically get a better price than if you ask for a pawn loan, so choosing that option is best.
Sell Your Jewelry to a Buyer
Jewelry buyers are people or companies that buy jewelry. Usually, buyers are only interested in high-value jewelry made from real gold or silver. Most will also offer excellent prices for diamonds, depending on their value, whether you sell them with your jewelry or separately.
The key to selling to a buyer is that you have to choose wisely. Some “buyers” are nothing more than scam artists who want to make a huge profit on your jewelry without offering you a fair price. Choose a reputable buyer with trustworthy reviews.
You can sell your jewelry here and get the best prices possible for the stuff you don’t wear.
Sell It Online
There are some online jewelry buyers that you might want to consider selling to. The benefit of this is that you can usually get a free quote for your jewelry within minutes, so you won’t have to spend a lot of time shopping around to find the best place to sell your jewelry to.
You’ll need to make sure, though, that you’re still doing your research to find a trustworthy buyer. The last thing you want is to ship your jewelry to a company only to never hear from them again nor receive a payment.
Etsy and eBay are both good options because you can open your own shop, they offer seller protection, and you won’t have to ship your jewelry until a buyer pays. You’ll also have control over your listings and prices so that you don’t get low-balled.
Start a Yard Sale or Sell at a Flea Market
If you have some other things to clear out of your house in addition to your jewelry, then selling them at a yard sale or flea market might be a good option.
Flea markets will require some money upfront to set up a table, so it may not be the best option if you only have a few things to sell. A yard sale, however, is free in many places, while some will require a small fee for a permit.
With either option, you’re in charge of your prices. You might even consider swapping your jewelry with a customer who has something of equal value that you could use more!
Sell It Back to Your Jeweler
Some jewelers won’t be opposed to buying back the jewelry that you bought there or from another jewelry store. If it’s clean and in excellent condition, you’ll have an easier time convincing them to buy it back.
You might only get an offer of store credit, though, for your used jewelry. If you really want the cash instead, you can ask if the store will offer a slightly lower payment than it originally offered in store credit.
It happens to the best of us: we see a piece we have to have, but then it sits in our jewelry box waiting for the right outfit to wear it with. In the meantime, you get no return on your investment. If you’re in need of cash or just trying to make a few extra dollars – keep these tips in mind.