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Southfield, Serving Eastern Michigan & the U.P.

Educational Consumer Tips

Selling Jewelry

Author: Better Business Bureau
Published:

Many today are finding ways to supplement their incomes including selling their broken and/or unwanted jewelry to would be buyers.  But, before you sell your valuables, there are several things you may wish to consider:

You should may sure you are dealing with a trustworthy buyer.  Contact the local police where the company is located, to find out if the company has a precious metals license.  This license ensures that a company has the permission of their city governance to handle precious metal transactions.  You may contact your local BBB, to obtain a business review for the company.   Find out if the company is a member of any local or national organizations that regulate and/or monitor the activity of companies within the precious metals industry.

Before selling your items to a buyer, you may wish to have the items appraised by two or three appraisers, so you can compare the offers and may an well-educated decision regarding the value of your jewelry, appraisers will also help you chose the company offer that best suits your needs. 

If you are selling your jewelry by mail, you may wish to make a list of the items.  Before mailing the jewelry to a buyer, you may wish to take a photograph of the jewelry and keep it and a copy of the appraisal(s) in your records, in case you need these items at a later date. 

Consider sending the jewelry by certified mail, or through some other shipping source that will allow you to track the delivery of your items, so you will have a record of when the items were received by the buyer.