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How a Professional Jewelry Buyer Evaluates Your Jewelry

Posted on December 31st, 2019 by JoeG

If you’ve never sold your jewelry before—and even if you have—you may have questions about how the process actually works. Fortunately, while it takes a tremendous amount of experience and skill to evaluate jewelry accurately, the evaluation process itself should be fairly straightforward.

So whether you’re working with jewelry buyers in Chicago or anywhere else in the world, you can’t always expect a relatively similar evaluation process, as the experience and knowledge of the buyer will have a significant outcome on your vale received.

Finding the Value

Generally speaking, when a jewelry buyer in Chicago evaluates your jewelry, he or she should be looking for what makes the jewelry most valuable. For some types of jewelry, the most value may be in the intrinsic value of the raw materials—for example, the gold in a bangle. For other types of jewelry, such as very unique and/or antique jewelry, the most value is in the style and the maker or designer of the jewelry itself and not only the gold value.

Of course, antique jewelry may require some restoration. Therefore, the true value of the piece will depend in part on the restoration and repair costs as well as the price at which it might sell.

After all, even if a piece of antique jewelry may have the potential to sell for $5000 when it’s restored, if the restoration costs thousands it may not be cost-effective or possible to restore.

Marketability Matters

It’s also important to keep in mind that when a jewelry buyer in Chicago evaluates your jewelry, they’ll take into account just how marketable your jewelry actually is. What that means is, while your jewelry may be truly unique, if the market of buyers for that type of piece is very small, it will be harder to sell.

The longer it takes to sell a piece of jewelry, the less that jewelry is worth because the buyer has to take on additional risk and inventory cost, and styles and trends change. If you are in the market to sell jewelry in Chicago, stop by Chicago Gold Gallery today!

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Customer Testimonial

Had a Great Experience

"I drove all the way from the south side just to sell my silver to Chicago Gold Gallery because of the knowledge and professionalism I received on the phone. They gave me top dollar for my silver and were so fast and friendly. I definitely recommend this business!"

Date: 10/27/2017 • 5 / 5 stars ★★★★★

Can't say enough about this place.

This is the most welcoming, non-pretentious place to do business! I was researching where to sell sterling silver I had and ended up choosing here based on the other great reviews. They walked me through the whole process and answered my questions. I got a great price for my items & will go there again.

Date: 09/17/2018 • 5 / 5 stars ★★★★★

Love this place!

Chrissy & Joe are all super friendly and easy to work with. I trust them and they will do whatever they can to help you including giving you advice on what you have or what you should look for. I won't ever go anywhere else and I've recommended it to several friends.

Date: 08/02/2015 • 5 / 5 stars ★★★★★

I would do business with them again

I had a large collection of silver coins sitting in my safe deposit box for 15+ years. Chrissy was so friendly and helpful she even gave me advice about coins I didn't know. She was more than happy to help me for over an hour in between taking care of other customers. They really did give me top dollar for my coins. Whether you are new or a pro with coins, I can highly recommend you take them here!

Date: 02/22/2020 • 5 / 5 stars ★★★★★

Don't Hesitate to call...

I find that Joe at Chicago Gold Gallery consistently offers and pays more for my coins than coin dealers in Chicagoland. He's very nice and easy to deal with. Don't hesitate to call him and preferably visit him.

Date: 12/04/2015 • 5 / 5 stars ★★★★★

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