Platinum is a precious metal that’s often used for jewelry. It’s especially popular for Engagement Rings and wedding bands, thanks to its durability and strength.
However, there may come a time when you want to sell your pieces. The first step? Learning about the best way to sell a platinum ring.
Platinum Is Highly Valuable
You’ll be excited to know that platinum is a desirable metal. Beyond its impressive physical properties, it is resistant to tarnishing and high temperatures. It’s also hypoallergenic, making it ideal for individuals with more sensitive skin types. Additionally, platinum is extremely rare.
When you consider the durability and rarity of platinum metal, it’s no surprise that this beautiful material will always be in demand.
Options for Selling a Platinum Ring
In order to make a significant profit, it’s crucial to Sell Your Platinum Jewelry to the right buyer. After all, it isn’t enough to solely depend on the market value of platinum. The selling method you choose will make all the difference.
Common options include:
Some local jewelry stores may buy and resell used jewelry. But since they also want to make a profit, they are more likely to make lower offers. A store might also offer store credit instead of hard cash.
Many reputable consignment jewelers have the right connections. In other words, if they know someone who will love your piece, they can easily facilitate a seamless transaction. The catch? The consignment jeweler will likely take a big chunk of the sale—up to 40%, in most cases.
Another option is to Sell Your Jewelry Online. Popular platforms include eBay and Craigslist, though you can also use auction or used jewelry sites. The benefit of this method is that you take home most of the sale. The drawback, though, is that you have to do most of the grunt work. This includes writing accurate descriptions and preparing the proper paperwork. Furthermore, it can be difficult to find a reputable and honest buyer online.
A jewelry buyer specializes in buying used fine jewelry and metal scraps. They’re also knowledgeable of the current market value of your pieces. And since their reputation depends on the offers they make, a jewelry buyer is most likely to pay fairly.
For The Highest Profit, Sell Your Platinum to a Jewelry Buyer—Like Southwest Jewelry Buyers
As you can see, the best way to Sell Your Platinum ring is to work with a jewelry buyer. That’s because it’s their job to buy used jewelry! They will make it a priority to pay top dollar.
You can expect this experience at Southwest Jewelry Buyers. Since we’re knowledgeable of today’s platinum market, we can appraise your ring accordingly. This ensures that you earn what you deserve.