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What to Do With Inherited Jewellery

If you are one of the lucky few who has inherited jewellery then you might wonder what to do with inherited jewellery. For many people, jewellery is a valuable heirloom and it can be difficult to sell or exchange it when the time comes. It can also be difficult if the family you are inheriting does not want you to use it or sell it. If this is the case then you may find that your jewellery is left to hang on a clothesline in the backyard or in a storage unit. In the worst case scenario they may even burn it.

You may be tempted to just leave it there but there are several things you should do with it before you just throw it away. You will have to think about how you can sell it and make a profit before you even consider cashing in on your inheritance. Here are some tips that you can use to help you with selling your jewellery.

Contact with the people

First of all, you need to get in contact with the people you inherited it from. Chances are that they will be willing to allow you to use their jewellery if it is not absolutely essential for your use. You should plan ahead and shop at jewellery shops in your local area so that you know how much your jewellery will be worth when you decide to sell it. It is a good idea to hold off on cashing in until you are at least fifty percent owned by someone else. Jewellery can be sold in increments of a thousand dollars so take that into consideration before you make any final decisions.

Get top dollar for your jewellery

Next, you will need to make sure that you are getting top dollar for your jewellery. Look online for jewellery that is going to fit your price range. Try to find an average price that is close to that of your family jewellery. Remember that you have to make a profit for your family so you need to factor your own profit in. Try to keep this as close to the current market value as possible so that you can have some incentive to get your jewellery sold.

Find a place to advertise

After you have a price that you can work with, you need to find a place to advertise your jewellery. There are many ways that you can sell your items to generate the income that you will need to support your family. Consider online auction sites, real estate stores, or even classified ads. When you have determined a method that you feel will be best for you, be sure to write up a complete listing and description of the item that you will be selling. If you are working with a limited budget, you may want to consider consigning your jewellery in order to help you with making some extra money off of it.

Final thought

Finally, you should make sure that you are getting a fair price for your jewellery. There are a number of different ways that you can determine how much your jewellery is worth. Consider selling it on an auction site to see if you can get a decent amount of traffic. Another option is to list it in an ad that you write yourself. If you are working with a limited budget, you may want to consider consigning your jewellery in order to help you with making some extra money off of it. Whichever way that you choose, your family and friends are sure to appreciate the financial investment that you are making in your jewellery. Visit Carus Jewellery for more information.

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