January 29, 2020 - Jewelry & Luxury Items
The answer may vary depending on who you ask. But there’s a good chance many people would say ‘a string of pearls‘.
The popularity of these lovely pieces ebbs and flows through the years, but they always seem to be around. And they don’t seem like they’ll be disappearing anytime soon.
Chances are, you have a string floating around somewhere. If you’re in a money crunch you may be wondering if they can help you out. But where to sell pearls? Let’s find out!
As long as your pearls are real, they generally hold their value well. The price can fluctuate as demand ebbs and flows so when you sell your pearls can have an effect on your success.
Before you try to sell your pearls, it’s a good idea to have them appraised. That way you will know what to expect. You can also prevent someone who knows more than you about pearls from taking advantage of your ignorance.
As far as where to sell them, there are a few options.
If you need cash fast, pawning your pearls may be your best bet. The price will be dependent on the shop’s demand at the time. You may have to settle for a price considerably lower than what they are actually worth.
You can use them as collateral for a loan. This is a nice option if you’d rather not give up your pearls altogether. As long as you can get the money back on time, you’ll get your pearls back.
However, a loan will be less than a sale price. If you need more money than the pawnshop is willing to loan, you may have to sell them.
You could also try to sell your pearls online. But it will probably take longer and you’ll have to do a bit more work.
Online buyers will be wary that they are buying a legitimate product. You’ll need to provide information to show that your pearls are real and worth your asking price. Include the weight, size, place of purchase and any other relevant details. If you have paperwork for them, even better.
Selling your pearls at an auction has the potential for the highest selling price. Auctions attract the right kind of customers, collectors who are willing to pay well for beautiful pearls.
But your pearls will need to be genuine and unique to fetch a really good price. Plus, you should be aware of the commision and fees that you may have to pay.
We hope this gives you a good idea of where to sell pearls. Which option is right for you depends on how fast you need the money, how much time/work you want to put into it, and what kind of pearls you have.
Find out what your pearls are worth today so you can turn them into the cash you need. We can help!
David Stiebel is one of the cofounders of PawnGuru. David was educated at MIT, where he studied Math. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. He started PawnGuru to build a better tool for pawn shops and consumers to connect.More Articles