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The art of flipping jewelry can help you increase your bank account fast, but the catch is it is very risky if you don’t know what you are doing.  The key is to be aware of what jewelry is worth, and build good connections within the industry.  Below American Coins & Gold of NJ & NY will outline 3 tips to consider when getting into the jewelry flipping game.

Find Reputable Sources

There are many ways to find good deals on jewelry all across the trip-state area.  Some of the best places to look for are garage sales that could be hiding hidden gems and local auctions where you can get great deals.  When going to these places be sure to keep in mind the next tip in order to know the value of the jewelry being sold.  The art of negotiating also plays a large role so be sure to brush up on your ability to persuade.

Know What Your Getting

The obvious point to start here is to determine the material the jewelry is made of, such as gold, platinum, silver, etc.  Next, establish if the jewelry is a brand name and if the serial number matches up.  It is important to be careful of fakes and ‘gold plated’ and ‘silver plated’ items that might not be as valuable as you think.  Your best bet is to get jewelry appraised by a trusted dealer in order to ensure you are getting the best deal, which leads into the last step.

Sell To A Trusted Dealer

All good dealers offer free appraisals of jewelry and will offer you a price that they feel is fair.  Unfortunately, a lot of dealers will make you feel pressured into buying and low ball you, so finding a trusted local dealer is arguably the most important step in making money from flipping jewelry.  American Coins & Gold  is proud to work with many jewelry sellers to provide profit on both ends.  Call or email today for more information.

908-575-9400 – americancoinsandgold@gmail.com

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