Would it surprise you to learn that millennials spend more money on fine jewelry than any other age group?
While they’re in the stages of buying jewelry, older people are evaluating their jewelry boxes and wondering where to sell old jewelry or what to do with it if they want to hold onto it.
Do you have some old jewelry worth money?
Whether you’re thinking about transforming it into something new or making some extra money, you have options. Keep reading to find out what to do with old jewelry.
Table of Contents
1. Sell It
If you don’t have an attachment to any of your jewelry, you can sell it for cash. Local jewelry stores will weigh it and pay you either the melt value or more if they think they can sell it from their showcase.
Try to find out the value of your piece before you go to a jewelry store or pawnshop. Compare offers to that value and choose the best one.
If you no longer want it and your kids don’t either, learn how you can get cash for gold jewelry by following this link.
2. Consign It
Look around for antique shops or local jewelry that will buy your jewelry for a flat rate to resell it or take it on consignment.
Consignment shops accept jewelry they believe they can resell for consignment. When it sells, the consignment shop pays the original owner a percentage of the sales price.
3. Repurpose It
You can repurpose your old jewelry. If you have a diamond or gemstone ring, for example, you can use the stones to make a pendant to hang on a chain or earrings or whatever you desire.
You can also have the gold melted down to make a different style of ring.
4. Trade It In
Some jewelry stores will take unwanted pieces of fine jewelry in trade for a new piece of jewelry.
Most places will pay you more on a trade than they will if you wanted the cash outright.
5. Give It Away
If you have a nice jewelry collection, you might want to hand it down to your kids or grandkids to keep it in the family.
Do you have family members who appreciate vintage pieces? If so, your jewelry will become very sentimental to them.
6. Donate It
You can donate your jewelry to a charity for auction. You can also donate it to a thrift store or non-profit group like Dress for Success.
What to Do With Old Jewelry
It’s hard to know what to do with old jewelry especially if you’re not the type to wear vintage pieces. Do you hold onto it to pass down to your children or grandchildren? Do you sell it? Do you remake it into something new? Now you know your options.
Be sure to bookmark our site for easy access to impartial and independent articles meant to inform, educate, and entertain you.
Do you sell it? Do you remake it into something new? Now you know your options.
Be sure to bookmark our site for easy access to impartial and independent articles meant to inform, educate, and entertain you.
