Jewelry never loses its precious shine, but does it lose its monetary value? With this guide, we dive deep and further investigate the question, “how much is my jewelry worth?”
For your convenience, we’ve compiled a list of steps to take. Make sure you follow them in the order they’re presented; otherwise, you might end up with a skewed result.
Now, are you ready to dive in? Here’s the insider scoop on determining your jewelry’s worth:
Determine if It’s Real or Fake
First things first, you need to determine if the jewelry is real or fake. To do that, look for any seams that would indicate it was made of plastic.
If you indeed find seams, then sadly, your jewelry is not real. However, that doesn’t mean you won’t make any profit. Your jewelry will be worth probably no more than $5.
Next, examine the back and look for any stamps or hallmarks that proves its authenticity. If your jewelry has any hallmarks, it will look like this:
- Frequent Platinum Hallmarks: PLAT, 950
- Frequent Gold Hallmarks: 18k,14k,10k
- Frequent Silver Hallmarks: 800, Sterling, 925
Examine Your Jewelry
After you determine your jewelry is real, the next thing you should do is inspect your jewelry to see if you can tell, based on a visual representation alone, how much your jewelry is worth. Look for clues such as known trademarks like Cartier or Tiffany & Co.
Also, look to see if your jewelry piece has prongs. If it does, then it’s most likely worth some money.
Although one of the largest indicators of having a large jewelry value is black jewelry. While many would assume black jewelry would be fake, they would be wrong. If you have black jewelry, you might be in for a large sum.
Weigh Your Jewelry
Before you find an appraiser, consider weighing your jewelry. After all, weighing your jewelry is often a great indicator of your jewelry’s worth.
In order to weigh your jewelry properly, you don’t have to have a fancy scale. In fact, you can easily order a household scale online for under $20. Although, beware that some jewelers use a different measurement called pennyweight.
Pennyweight is equal to about 1.555 grams. However, don’t be worried about converting the measurement; many online sites can do that for you. That way, you can have a rough estimate of what your jewelry will be valued as.
Get It Appraised
Finally, find an appraiser that’s experienced in his or her field. The appraiser will examine your jewelry piece and give it a professional-grade as well as an appraisal value. The appraisal value won’t necessarily be its resale value, but it allows other retailers to see that your jewelry is indeed worth that much.
In fact, if your appraiser is knowledgeable about your jewelry piece, he or she can give you tips on how to sell jewelry. For example, he or she can tell you the right place to sell to and perhaps even the type of price to accept.
How Much Is My Jewelry Worth? Find Out Today!
Jewelry can still be worth quite a lot of money even years after purchasing it. All you have to do is follow the steps above, and you’ll find out just how much your jewelry is valued. Just remember to look for hallmarks and trademarks that ensure your piece of jewelry is, in fact, real.
If you’re interested in learning more about “how much is my jewelry worth,” visit our website today. We look forward to helping you!