Wednesday, February 13, 2019

Cashing in the Jewelry

Momoko and her sister went through her mom's jewelry. There was allegedly one piece that got appraised for $4,000. They needed to find a way to sell the jewelry. Momoko called around. We ended up going to the jewelry store the family has been going to for ages.


The store was far away. We drove there with a bag full of the best jewelry. I said that if they offered $10k, they should sell it immediately without even a second opinion. A lady helped us. She looked through all the jewelry. Most she immediately set aside as worthless.


The jeweler used her eyepiece to get a good look at a couple pieces. Turns out the top item was only worth $250. Another was worth $200, and another maybe $100 to $150. The smaller items were maybe worth $50. In total, the lot was about $500 to $600. This was based on the scrap value of the gold.


They recommended we try to sell the items on Facebook Marketplace. They thought we could get lucky and maybe get upwards of 50% of retail value. However we might have to let buyers bargain us down to 33%. They emphasized that we should conduct the sale at the police station. Yikes.


I did like the Seiko wall clocks they had for sale there. There ran a few hundred dollars each. But they looked really cool.

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