What to Know Before Selling a Watch or Jewelry?

With the holidays right at your doorstep, you may be strapped for cash or just looking for a little something extra around the holidays. One thing that many people choose to do is look for where to sell my watch and other jewelry items to turn around some quick cash this time of year. The cash you get for your gold and jewelry pieces may translate into the perfect stocking stuffer for your little ones or might be the little extra you needed to get your significant other something extra special.

Selling jewelry can be lucrative, but it’s important to know how to do it right for maximum profit and the smoothest transaction. Here are some pointers to help you get started.

Know What You Have

Before going out and getting quotes or doing anything else, be sure to know what you have. Find out as much as you can about the jewelry or watch before you go to sell it. Use a magnifying glass to find out whether it’s 10 karat, 14 karat gold, or something else. You may want to have it appraised at a jeweler as well.

Get Multiple Quotes

You have a lot of options as to where you can take your watch to sell. There are pawn shops, individual buyers, gold dealers, and independent jewelers, just to name a few. Go to a few different locations and talk to people about what you have to sell and get quotes for how much they’re willing to pay for the items. By getting a number of different quotes you’ll get a feel for who you’re most comfortable with and how much you’re likely to get in return for your items.

Research the Company

When you’ve talked to a few different potential buyers to get quotes, and think you’ve found the one that will give you the best deal for your jewelry and watches, make sure to do as much research as you can about them. You can look online for positive reviews of the buyer or the company, but also be sure to check the Better Business Bureau online. If they have many unresolved complaints, it may be a red flag warning you to go somewhere else.

You could be sitting on a lot of cash without even realizing it. Your unused gold jewelry and watches could be worth more than you know. If you’re looking for where to sell my watch in exchange for some extra Christmas cash this year, it’s best to know what you have and how much you’re likely to get for it. Call Elan Diamond Group to find out a fair price for your pieces today.

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