Silver jewellery is not only a fashion accessory but a family heirloom, a symbol of status, and an investment. Selling silver jewellery may be a lucrative procedure if done correctly, regardless of your reasons for selling, such as shrinking your collection, needing quick cash, or trying to take advantage of market trends. If you’re looking to buy silver in Calgary, it is worth finding out the market value first before selling.
Understanding Silver Jewellery Value
Before selling those silver pieces that you have at home, it is first important to know what makes a piece of silver jewellery expensive or cheap.
Several factors come into consideration, including:
Purity and Hallmarks
Generally, silver jewellery is stamped with symbols that show the silver content of the piece. Common purity symbols include:
- 500 (50% silver)
- 800 (80% silver)
- 925 Sterling Silver (92.5% silver)
The presence or absence of these hallmarks helps in determining the intrinsic value of the jewellery, as can be seen in the world market today.
Weight and Design
It’s the weight of your silver pieces that will determine a good deal of their value, especially the ones being sold for their metal value. However, if your jewellery has a lot of detail or a designer label, then it might be worth more than the metal weight alone.
Silver’s Market Prices
The cost of silver goes up and down depending on the demand for it. Studying the available silver rates will assist you in finding the best options if you need reliable silver buyers.
How to Get Your Silver Jewellery Ready for Sale
It helps to start with a clean slate when selling jewellery. Get your pieces ready like this:
- Care of Your Jewellery: Hand polishing or cleaning with soap and water is best to maintain the shine to avoid using harsh chemicals.
- Sort by Purity and Type: sterling silver or silver-plated for proper pricing.
- Documents Collecting: If you have receipts, certificates, or the branded packaging, all of this can increase the value.
- Quality Photos Taken: If selling online, the high-definition images will capture the buyer’s attention.
How to Sell Silver Jewellery
Upon reaching the final stage of creating your collection, there arises the necessity to find a retailer or swap community where you can sell.
Local Jewellery Shops
Jewellery shops usually purchase silver items and provide instant money. If you are planning on selling silver near you, then going to a few different shops may help find the best offer.
Silver Buyers and Precious Metal Dealers
Specialist buyers are looking for the metal’s value, not the jewellery’s design, and will give you a competitive rate.
Online Marketplaces
You can sell directly to customers on platforms like eBay and Etsy, which can fetch higher prices for unique pieces. But it also means selling online brings an additional workload of handling inquiries and shipping.
Pawn Shops
Pawn shops provide fast transactions but typically pay less than dedicated silver buyers or jewellery stores do.
Investigating Other Valuable Metal Markets
If you want to sell silver, you might be interested in Calgary gold dealers too. Some of the silver buyers also buy gold, platinum, and other metals as well, offering one-stop selling.
Sell Your Silver With Smart Gold
If you have silver jewellery that you no longer need or wear, you should bring it to Smart Gold for the best price. We also provide a free in-person evaluation to determine the value of your jewellery and offer you a fair and competitive offer for it. In case you can’t come to see us in person, we also provide a secure mail-in service.
You can also send us a description of your jewellery, and we will quote on it and include insured packaging with the quote. Once we confirm your delivery receipt, we will process your payment without further delay.
Trust Smart Gold for a secure and rewarding silver-selling experience!