It can be tricky to sell jewelry to a mail-in company that specializes in buying gold and silver, but if you are willing to take a chance with your precious items, you can certainly earn some extra money. Before you decide to use a mail order jewelry company, you should make sure that the business is professional and has a good reputation. You should also find out what type of jewelry the company accepts. Most reputable companies will buy plain gold earrings, necklaces, or rings. They also purchase a variety of loose stones and jewelry that have stone settings. If you know that your jewelry is worth a great amount of money, you are better off selling it to a local jewelry store rather than a sell jewelry mail company.
If you are selling jewelry that the sell gold mail company accepts, you should learn the basics of buying and selling jewelry. The weight and karat of gold jewelry should be properly evaluated when you are selling gold to a buyer. The color, carat, and clarity of the stones will determine how much the pieces are worth. When selling jewelry to a mail-in company, it is a good idea to add a letter to the package that lists the lowest price you will accept. You should also photocopy the letter and sign both of the letters, keeping one for your records.
The letter will serve as a prearranged agreement and stop the buyer from offering you an unfair amount for your jewelry without your consent. Many of the mail-in companies purchase the jewelry at a lower price than it is worth and then send out paperwork that gives the seller ten days to decline the offer. In most cases, the check arrives after the ten-day period and the seller is forced to accept the ridiculous amount. By including a letter that lets the buyer know that you will not accept a low offer, the buyer will have to give you a fair amount of money for the jewelry or send it back to you.
When choosing a bottom line price, you need to be realistic. Used jewelry is not worth top dollar. The buyer will likely purchase the jewelry for the lowest amount listed in your letter, so make sure you know how much your jewelry is worth before you sell it so that you can come up with a fair suggestion. Mail-in companies usually pay more for jewelry than pawnshops do, so if you need some extra money quickly, mail-in jewelry buyers are a great option.