Selling Your Precious Metals: A Quick Primer

January 3, 2019 By swj-eric

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When it comes to selling anything of value—jewelry, collectibles, handbags—it pays to do your homework.

This is especially true when it comes to precious metals, since many buyers are either not skilled enough to determine their value or they are counting on you to be unaware of what they are really worth.

In both cases, you may end up getting a less-than-fair price for your pieces.

What are precious metals?

Metals are considered precious because of their rarity, which makes them inherently more valuable. And, based on demand and the current market, some metals will fluctuate in value over time. For example, gold prices are at a near all-time high, which means it is a great time to sell your gold jewelry, coins or other pieces.

The most common precious metals include gold, silver, platinum and palladium (a member of the platinum family)—each of which has its own currency code. However, there are actually several other precious metals you may not be familiar with.

In terms of the big four, we most often see them used in jewelry, coins and bullion. Bullion refers to metals in bulk form, such as bars or ingots.

How will I know if I am getting the best price?

For something as potentially valuable as precious metals, it is often best to avoid pawn shops and online dealers. The former may seem like a great option for quick cash, but most pawn shops lack the expertise and training needed to tell you what your items are truly worth.

As for selling your items online on sites like eBay, there are two major drawbacks: it takes time, and there is a good chance you will get a much lower price than you would by going directly to an established, authorized dealer.

Sell your gold, platinum, silver and more at Southwest Jewelry Buyers

In addition to being the place to sell your jewelry, diamonds, gemstones, high-end watches and signed pieces from Tiffany, Cartier, David Yurman and other prestigious designers, Southwest Jewelry Buyers pays the highest prices for your precious metals.

When you are ready to sell, make an appointment to visit us in the Scottsdale Airpark. We make it our priority to stay informed about the current market value of gold, silver, platinum and other precious metals, and we will appraise your pieces accordingly.

Our appraisers here at Southwest Jewelry Buyers are experienced professionals with extensive training, and we know what to look for and how to appraise your precious metals to determine their true value.

Plus, we will never rush you. We understand that parting with your gold, silver and platinum valuables may be difficult, and we will always take the time to answer your questions so you know you are getting a fair and honest price.
Call Southwest Jewelry Buyers today at 480.773.8004 to get started.