I came across an article from my insurance company, Jewelers Mutual, that could apply to anyone buying or selling anything over the Internet and I wanted to â€œpass this onâ€ to you. There are so many scams nowadays, and so many folks getting scammed because they just donâ€™t realize how dangerous the Internet can be when it comes to Buying or Selling ANYTHING to people you do not personally know. Hereâ€™s what the article said, and as you read it, keep in mind that this applies to ANYTHING YOU MIGHT BUY OR SELL over the Internet.
As summer comes to its peak, so is rummage sale season. Itâ€™s the time of year when my addiction to bargain hunting kicks into high gear as I set my sights on the best deals. You can also find me looking for ways to sell unwanted items to make room for my newfound treasures. One category that is popular to sell is jewelry because it can bring in larger amounts of cash. That being said, here comes my word of cautionâ€¦ While selling your outdated and unwanted jewelry can be profitable, it also comes with risks that sellers, and buyers alike, need to be aware of.
The savvy seller should first weigh the desire of a larger profit versus a safer sale. Selling your jewelry (or any item of value) over the Internet in a personal transaction is the way to make the largest amount of money. However, it pays to play it safe. When using sites such as Craigslist or eBay, I recommend following these helpful tips:
The safest way to sell your jewelry is to a local jeweler that you trust. Expect that you will not get top dollar or the appraised value for the item, but you wonâ€™t need to worry about a thief preying on you, or compromising your identity. What you may likely receive is the scrap value of the item. For metals, the scrap value is determined by taking the gram weight of the ring and multiplying it by the daily metal price.
When buying jewelry in a personal transaction, make sure that a current appraisal accompanies it. Consider calling the jeweler to confirm it is a genuine appraisal of the item. Question deals that seem too good to be true and follow your gut instinct.
I hope these tips help you the next time you participate in the secondary market. Happy sales!
Also, Beware of Charity Scams
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IMPORTANT: If you or someone you know is interested in buying or selling a home in the Palm Desert Area, try searching properties on the same Desert Area MLS Realtorâ€™s use, or give me a callâ€¦.or visit my website at Palm Springs Homes andÂ Estates. I will be happy to give you or your referral my â€œred carpet service.â€ After the sale, I will send you a $50 Gift Certificate towards dinner in a fabulous Palm Springs Area Restaurant so you can celebrate!
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