Tips To Sell or Trade Jewelry & Gold in Dallas
Over the years, it is common for people to acquire gold or jewelry. Some of it we buy ourselves and some of it comes to us as a gift. In our lives, we have high points and low points. Sometimes we face a situation where we have jewelry that is very nice, but we feel we need the money for it. In other cases, we are just tired of it and want to trade it for something different. Here, we’ll take a look at some tips to sell or trade jewelry and gold in Dallas.
Don’t Act Too Impulsive And Be Sure To Go To A Reputable Outlet
There are all kinds of reasons that lead individuals to decide to sell or trade gold and jewelry. Maybe it’s a financial crisis, while in other situations a piece of jewelry reminds you of a relationship or some other type of situation and those memories turn sour. In either of these situations, it is pretty common for someone to want to sell or trade that piece of jewelry.
It’s important that you control your feelings about the jewelry and evaluate it for its real value rather than the feelings you have surrounding it. The reason for this is that you don’t want to let it go for too little, and at the same time, you don’t want to have unreasonable expectations for what you’ll get for it. If there’s any part of the jewelry that is broken or if there’s something missing then this could lower the price.
Get A Qualified Appraisal
The first step when you want to sell or trade jewelry and gold in Dallas is to get a qualified appraisal. The person giving the appraisal will be completely removed from any emotional attachment related to the piece of jewelry. For this reason, they’ll be able to give a genuine value based on the piece itself and its condition. Having this appraisal can help you understand what the real value of the jewelry is.
If you’ve never had a piece of jewelry appraised then you may be wondering exactly what it entails. It will often include an actual document that describes the appraisal and what the ultimate assessment or value of the jewelry was. When preparing to sell or trade jewelry and gold in Dallas, the appraisal will give a description of the item. This includes what materials it’s made of, the weight, any markings that are on it, any notable facts about the item, and finally any type of flaws.
There are plenty of jewelers who are qualified to make an appraisal. In fact, many of them do it regularly for insurance companies when the jewelry was covered under the policy and needs to be replaced. Even though you are not needing an appraisal for an insurance company, the fact that the jeweler is qualified means that they can give you an appropriate appraisal. This will arm you with the knowledge of knowing what the real value is so that you don’t over or underestimate that value.
It is important to remember, however, if you’re going to a jewelry outlet or pawnshop to sell the jewelry, you may not be able to get full appraised value for it. The reason is that the shop is going to need to purchase it for an amount that they can then sell it and still make a profit on it. This means that they’re not going to give you the full amount that it is worth.
On the other hand, if you’re going to trade it for another piece of jewelry, then depending on your negotiating skills you may be able to get something of equal and sometimes of greater value. This is a good reason that you might want to consider trading it in for another piece of jewelry if it’s not money that you’re in need of. It’s quite common that in a trade you’ll come out with a better outcome. Even so, if you’re dealing with a reputable place you’ll be able to get a reasonable amount based on the true value of the piece of jewelry.
Remember that it’s important that you’re using a qualified appraiser and often that means they will be certified. A common certification would be the National Association of Jewelry Appraisers. They should also have experience with appraising other pieces of jewelry.
Understanding Exactly What You Have
Gold is a very soft metal and for that reason, very few pieces are pure gold. The most common gold jewelry will be 10 karats, 14 karats, or 18 karats. This means that the remaining are other metals and alloys. The karat weight will play a major part in determining the value of the piece that you want to sell or trade.
When you go into a place to sell or trade gold and jewelry in Dallas, the more prepared you are the more intelligent you’ll come across. This can play a huge role in whether or not you come out with a fair deal. Getting a fair deal will be in large part due to dealing with someone reputable. But even under the best of circumstances, you will likely come out better if you go in prepared and knowledgeable. For those in Dallas, it’s highly recommended that you come to see us at Allen Gold and Silver Exchange as we will treat you very reasonably. We also have an extraordinary collection for you to look around at whether you want to buy or trade.
Take Extra Steps To Protect Yourself
If you deal with us at Allen Gold and Silver Exchange, you will be treated with the utmost respect but it’s still always recommended that you take precautions. This means that you should photograph and document any piece that you get from any dealer. This is just a great way to protect yourself because even a good dealer may not be aware of something. If you photograph and document it, then even if you overlooked something you’ll see it in the pictures and documentation later and you can use that should any issues come up.
It’s also good that you make yourself familiar with replacement or reimbursement policies that the dealer you’re doing business with has. If it’s an especially expensive piece, then you may want to check to see if insurance is available. If you’re selling something, then it’s usually just a matter of making sure that you get the agreed amount of money that you’re selling the piece for.
It’s Not Going To Make You Rich
It’s very unlikely that you have a piece of jewelry that has the potential of making you rich. Even so, if you’re in a jam and need some money, it’s a great way to get some money fast. If you’re not in need of money, but you’re just tired or have some other reason for no longer wanting that piece of jewelry and want to trade it, then it’s a great chance to do that as well. You can come out of it with a great deal so long as you go in with a reasonable attitude and don’t expect to get rich or to take the dealer for a ride.
Don’t Appear Overly Anxious
Even if you really need the money or if you’re overly anxious to get rid of that particular piece of jewelry it’s never good to let dealers see you sweat. If it’s a greedy dealer, they will see it as a sign that you are desperate and they may try to get the piece way under its value. If it’s a very reputable place, then they will tend to have higher standards by which they make an offer to purchase. But if they notice that you are overly anxious, they may be suspicious about the piece and this may make things go less favorably for you.
Remember That Gold Prices Vary
You could check on the value of gold one day and then be surprised that its value has changed up or down by the next day. For this reason, the value may not be what you expect. You could be delightfully surprised because the value of gold goes up or you could be disappointed because it went down. This is just the nature of gold.
If you’re in the Dallas area and you want to sell or trade your gold and jewelry, then you should definitely check us out on our website at https://www.allengoldandsilverexchange.com/. We Buy, Sell, and Trade jewelry and we have earned a stellar reputation. We will treat you fairly regardless of whether you’re buying, selling, or wanting to trade a piece of jewelry.
You can also give us a call at (469) 403-8356 and we will be glad to answer your questions or give you directions to our shop. We will always treat you respectfully and if you want us to appraise your piece of jewelry we can do that for you. We deal in gold, watches, diamonds, silver, and designer jewelry. Get top value for your assets with us today!