Selling Silver Jewellery for cash
So, you’ve decided that you want to sell your jewellery. Now it’s time to work out how you’re going to do so. Knowing where to sell silver jewellery can make the difference between a good price and hassle-free sale or getting less than your jewellery is worth.
The problem is most of us don’t know the first thing about how to sell silver jewellery! That’s why it’s good to speak to the experts and make sure that you aren’t getting fleeced. We believe in getting you a fair price for your jewellery, but not every company that will buy your jewellery feels the same.
Selling used silver jewellery
You need to consider the type of jewellery you are selling, too. The best place to sell antique silver jewellery may be different from where you should sell more modern silver jewellery or scrap jewellery.
Best place to sell silver jewellery
There are plenty of options when it comes to selling silver jewellery. From online to high-street, here’s everything you need to know about selling silver Jewellery in the UK.
Where to sell silver jewellery
If you’re selling silver jewellery on the high street, look for the hallmark assay guide. in England and Wales it’s legally required to be displayed in any premises that deal in precious metals.
These are also called dealers’ notices, and only reputable companies will have them.
When you go to a high street store, your silver jewellery will be tested and weighed. Make sure you can see your jewellery being tested and that you see its weight on the scales – even if you are simply selling silver jewellery for scrap.
Don’t ask for quotes over the phone. A reputable dealer will only be able to give you a price once they’ve seen the item.
Shop around. If you visit a number of high street stores where you can sell jewellery, you’ll start to get a feel for the prices you are offered. This will help you see if there are any stores giving substantially low prices.
Online reviews are a great way to get to know a company. Some review sites like Trustpilot have strict rules that mean a customer must have used the service to leave a review. This means you can be confident they are genuine and you will get a fair price for your jewellery.
At Vintage Cash Cow, we’re proud to say that we’ve got a Trustpilot rating of 9.4 based on nearly 4,000 reviews!
Where to sell antique silver jewellery
You can sell your antique silver jewellery to Vintage Cash Cow with no fees – you simply box it up and send it to us using fully insured Freepost stickers. We need to see your silver jewellery in person to accurately test and value it, so if you don’t like our cash offer (and we think you will!) we’ll send it back to you for free. Simple!
The spirit of our service is to declutter in bulk. If you only have a few pieces of silver jewellery to sell, we’d advise you to sell privately unless they are particularly exceptional pieces. If you’re in doubt, get in touch!
Best place to sell silver jewellery online
If you only have one or two pieces of silver jewellery to sell, an auction site like eBay or Catawiki is a great place to start to sell jewellery online.
One important thing to remember is that there’s usually fees for this type of selling, so compare a few different websites before you sell. It’s good to know how much you will pay in fees before you set the price of your silver jewellery.
If you are selling jewellery for a fixed price, make sure you know how much your jewellery is worth first.
If you know how much your silver jewellery is worth, and you are selling on an auction site, consider setting a reserve. You may have to pay extra for this service, but it means your jewellery won’t sell for less than the reserve amount.
Consider how you will send your silver jewellery to its new owner. If you use a courier service and pay to insure your silver jewellery, factor these costs into your selling price. Some websites will allow you to add the price for your item and a separate price for postage. Also consider any auction fees you will have to pay.
Best place to sell your silver jewellery on the high street
If you’d prefer to sell your jewellery in person, closer to home, there are a few options. Jewellers, auction houses and pawnbrokers are some good places to start.
Image Credit: http://wiganauctionhouse.co.uk/about-us/
Many high street stores will compete on prices, so make sure you get a few different valuations before selling your silver jewellery. This will ensure you get the highest price when you sell jewellery for cash.
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If you aren’t sure if your jewellery is silver, it’s worth checking this with an independent expert before selling it. This will allow you to protect yourself against disreputable buyers. While it’s less common than it used to be, scams and rip-offs still happen.
An expert will likely look at your piece with an eyeglass, they may test your silver jewellery with a little acid or a metal testing gun. Once they’ve tested and weighed it they’ll give you a price.
Best place to sell silver jewellery at auction
Selling at an auction house can take a little while. Your silver jewellery will be appraised by an expert who will tell you what it could be worth.
Once you know how much it’s worth you may want to put a reserve price on it. That means that you are protected when selling jewellery at auction and it won’t be sold for less than the reserve price. If your item sells, your fees will be deducted from the final selling amount and the auction house will pay you the rest.
Make sure there are no hidden fees. It’s usually free to sell jewellery in a pawn shop or a jewellers but an auction house usually charges fees.
Easily sell your silver jewellery
If you want to easily sell silver jewellery for cash, avoiding hassle, haggling and worry, we can help. Our expert team will carefully appraise your silver jewellery and personally ring you to give you a fair price. At Vintage Cash Cow, we take all sorts – you can sell antique silver jewellery, costume jewellery and silver plated jewellery to Vintage Cash Cow.
Get in touch today to talk about selling your silver to us!
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