A jewelry box filled with old rings and necklaces can be a goldmine of cash. But, before you can reap the benefits of selling your unwanted jewelry for cash, you’ll need to know a bit about how much your items are worth. This is crucial, particularly if you plan to take your pieces to a jewelry-buying store, jewelry consignment shop, or even an online marketplace.

For selling jewelry for cash people, the decision to sell jewelry for cash can be based on practical reasons like cleaning out their jewelry boxes and freeing up storage space or emotional ones such as getting rid of an old promise ring or wedding band after a relationship ends. In addition, it is not uncommon to inherit heirloom jewelry from a loved one and then decide to sell it for a financial boost.

There are numerous ways to sell used jewelry for cash, but not all buyers will give you the best price. For example, pawn shops are good for quick cash but typically pay the lowest amount since they buy items for their resale value and offer loans at high interest rates.

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In contrast, jewelry stores and consignment shops often pay more for jewelry because they have a direct connection to the consumer and can use the pieces in their inventory, but it may take longer to get paid. If you want to sell your jewelry and precious metals for the most money in the quickest time, consider working with a reputable, local jewelry buyer such as Alloy. Their app-based solution takes the traditional way of selling jewelry and precious metals to a buyer you trust and makes it easier and faster than ever.