Getting Deals On Second Hand Jewelry

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Author	Replies: 8 / Views: 1,255
Berk Valued Member United States 148 Posts	Posted 12/13/2012 7:53 pm I'd like to pick up some jewelry for my wife without getting totally bent over by the jewelry stores. I'm thinking gold or silver jewelry not diamonds. Does anyone have any tips on ways to get good deals on jewelry that some might view as "scrap" (obviously I'm not looking for broken stuff, I'm looking for pre-owned stuff that could still be worn) My wife likes some of the old jewelry and my thoughts are if she doesn't want to wear it, that's OK too, I'll put it into my stack. Do those stupid "We Buy Gold" places buy way below spot and then immediately ship it out to be melted or will they sell jewelry back to people at say spot or slightly over since they don't have to pay refining costs? Hopefully TBK will see this and respond, he seems like the go-to guy on jewelry related matters, lol Report this Post to the Staff

Henry2 Valued Member United States 106 Posts	Posted 12/13/2012 8:32 pm It depends on the store, some places keep the nicer items to sell at a premium. It wouldn't hurt to ask if you could look through their melt pile, I'm sure they would work with you. Report this Post to the Staff
GoThunder Pillar of the Community United States 830 Posts	Posted 12/13/2012 8:33 pm Do they have garage sales in your area? Report this Post to the Staff
Berk Valued Member United States 148 Posts	Posted 12/13/2012 8:49 pm Quote: Do they have garage sales in your area? Not in the winter, and in the summer most start on Friday Mornings so they're already picked through by the time I finish work! Report this Post to the Staff
XavierOfGreen Pillar of the Community United States 2589 Posts	Posted 12/13/2012 11:06 pm Most of the cash for gold places that I've seen that are not coin dealers trying to make extra cash melting jewelry will only sell stuff in bulk wholesale Report this Post to the Staff
Joe2007 Pillar of the Community United States 3843 Posts	Posted 12/14/2012 12:31 am You could check out estate auctions in your area that advertise jewelry. Report this Post to the Staff
jerseyben Pillar of the Community United States 1211 Posts	Posted 12/14/2012 07:08 am I routinely buy pretty nice jewelry from a local gold buyer. He charges me spot price but you may have to pay a premium just walking in "off the street". I would say gaining their trust is the hard part but once you develop a relationship, you will be in good shape. Report this Post to the Staff
Libertad Pillar of the Community Canada 3692 Posts	Posted 12/14/2012 11:23 am As with anything you buy, if you find flaws in the item you can ask for a better price with the excuse that you would need to spend money to get it repaired. If you know what to look for and how much the repair would cost you're ahead of the game. The most common would be that a piece is scratched or not polished - just think of coins - try to imagine the piece in "mint" state. Report this Post to the Staff
RK55 Pillar of the Community United States 2189 Posts	Posted 12/14/2012 1:17 pm Visit some of your local independent jewelery stores, the "Mom and Pop" stores or even a local pawn or gold buying place. My suggestion is to go in and tell them your wife is interested in vintage or estate jewelry and if they had anything in a bracelet,or necklace that might fit the bill. Most rings and pendents are de-stoned and thrown into the scrap pile unless they have no stones. Scratches can be buffed out, clasps should be checked for functionality. A broken clasp can run some extra bucks so check items carefully. I have sold a few pieces on occasion that were in my melt pile. But...a few tips, most store owners are not going to go in their back room and come out with a box/bag of their melt and let you casually go through it.Try to be specific on the item you are looking for, not just "what do you have". if you ask for a bracelet, and he has none he may just offer something else for you to look at.They will get more from you than the smelter, its all about your approach. leave them your name and number if they don't have anything or if they are busy. Most gold buying places have to hold their goods for a specified time, it depends on that town's or city's regulations...so they may have something become available before it's off to the smelter. Being friendly and having an idea of what you want will go along way. If they seem put off, remove them from your list. I can only speak on behalf of myself, I am in Business, why would I turn away a potential sale? Good luck. RK Report this Post to the Staff
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