In the digital age we live in, it’s easy to want to sell your jewelry online out of convenience. The ever-growing market of e-commerce makes it easier to sell your things on websites such as eBay, Craigslist, and Facebook Marketplace. However, selling jewelry involves a little more than meets the eye. There are many websites out there which offer to pay you money for your gold and jewelry, you simply just have to mail it in, but how do you know you are getting an accurate price for your valuables? The answer is you don’t.
An interesting experiment from Today.com proves that it is never a good idea to sell your jewelry online. In the experiment, they sent 21 grams of 14-karat gold to various different online jewelry buyers to see what they would offer in return. The results were shocking.
An expert appraiser used a high-tech radar device to discover that the gold was worth $450. The closest offer to this received online was $393.36 (sellyourgold.com), however, the offers quickly plummeted. Cash4Gold offered a mere $76.89 for the gold, and hardgoldcash.com offered an insulting $38.25, that is only 8% of the gold’s real market value.
It is easy to get caught up in the promising offers and ease of selling online, however, it is very difficult to know if you are getting an accurate or even fair amount for your valuables. The best way to be certain is to have your jewelry appraised by an expert. At Precious Metals Refinery, we use only the latest high tech equipment to determine the exact composition of your item, allowing us to give you the best possible price. All of our appraisals are carried out right in front of you, your jewelry will never leave your sight, no need to mail it away and worry about it being stolen.
Contact PMR for an accurate appraisal of your jewelry, be happy knowing you walked out with the most.