If you have an old box of jewelry you aren’t wearing, there are numerous advantages to bringing it in for an appraisal and sale, such as making some extra money and decluttering your home. The jewelry experts from Smith Coin & Jewelry share some of the benefits in detail below. 

3 Benefits of Selling Your Unused Jewelry

1. Rainy Day Cash

Unless you’re keeping unworn jewelry around for sentimental reasons, it’s not doing anything by sitting in the closet and collecting dust. Instead, sell it and use the extra cash to pay for a home renovation project or a fun vacation. It’s a great way to get rid of the jewelry you don’t wear and put it toward something you can truly appreciate.

2. A Strong Market

The precious metals market is currently strong and can result in big returns for your fine jewelry. Gold buyers are currently paying about $1250 per ounce, and it has remained consistently high for some time. Silver and platinum prices have also remained strong. A better market means you will make more money selling your unused jewelry and have more to invest or put towards a big purchase. 

3. Refine Your Collection

For those who are collectors of jewelry or watches, selling those old pieces you don’t wear anymore is a smart move. Not only will you create space in your collection, but you will also take the proceeds from selling old pieces to buy something even better. It’s an excellent way to help past purchases retain their value and continue collecting and enjoying fine jewelry without breaking the bank or taking up too much space.

If you are looking for a place to sell your unused jewelry, coins, watches, or other precious materials in the Saint Charles, MO, area, trust the team from Smith Coin & Jewelry. Whether you are looking to sell jewelry, buy a fine timepiece, or need a coin appraised, they will give you the best price. Call them at (636) 441-6789 or visit them online to see their full range of services and selection.