During the holidays, finances can be tight. We found ourselves stretched thin and needing ways to make a little extra cash. Did you know that you have many things around your house that you can re-sell? We tend to buy, then store our belongings without using them. We often skip resale as an option altogether. But re-sale is a great way to make extra cash!
Do you have jewelry that you don’t wear?
Here are three reasons why you should consider reselling the jewelry that you don’t use:
Resale Finances the Next Acquisition
The obvious – reselling your jewelry makes you extra cash. Just as a practical matter, reselling what you are not using is a great way to finance things your family might need – or make extra cash for you during the holiday season. But, you don’t want to take your precious jewels just anywhere. You want to find the kind of upscale purchaser that not only appreciates the value of what you have, but will be able to find customers who also appreciate that value. That means you have a better chance of getting top dollar for your offerings.
Regardless of your location, you will probably run across online options for selling. They offer a way to sell your jewelry even though you may not live anywhere nearby. For example, the site sandiegojewelrybuyers.com offers a complimentary Mail from Home Kit with free shipping for out of town resellers. So if you live in a market that does not have high-end jewelry purchasers, you can still get great value for your pre-owned jewelry. Thanks to the Internet, the world is a lot smaller, and resale has never been easier.
Resale Lowers Your Home Owner’s Insurance
There is a cost to storage that few consider. Luxury items cost a lot to insure. The more high-value items you keep in one place the more you will pay.
There is a good chance your homeowners policy does not even cover fine jewelry for loss or damage, only theft. Even so, there may be a steep deductible and a low coverage limit of perhaps $1,000. That hardly addresses your $4,000 engagement and wedding rings. Additional insurance may be available, but expensive. A large jewelry collection gets a lot more expensive to protect than you may have considered.
Resale Helps Others
There is nothing wrong with spending your hard-earned money on beautiful, well-crafted items. These items are purchased by you and they are meant to be used. When those items are no longer used, they are not serving the purpose envisioned by those who drafted them in the first place.
Resale is not about diminishing the joy you have in a luxury item, but maximizing the joy that item can bring to as much of the world as possible. That can only be done when it is worn and appreciated by someone. In a drawer, it serves no purpose. For example, when I was 20 and engaged to be married, my fiance and I didn’t have much money. We bought used wedding bands. They were much cheaper and still beautiful. So I am thankful that someone decided to sell their old set.
So consider selling the jewelry you don’t use to make extra cash!
This is really great advice! I resold a lot of stuff when I moved earlier this year – realized I wasn’t really using or appreciating it while I packed, and got some cash that helped fund moving expenses. So that’s a good time/reason to consider it as well. Good wisdom all around in this post, though. 🙂
I really appreciate being able to buy used, too. It’s nice to hear you guys got wedding bands that way! That can be such a huge expense.
Most of my jewelery Ive kept is purely sentimental and I do still wear it from time to time.
Things that didnt hold a place in my heart, were passed on, or sold.
Now Ive found that I can keep that same thing in mind for my old luxury clothing, bags, etc. I have been selling things I barely used, paid a premium on, but didnt use much. It’s brought in lots of extra cash.
I’ve never been one for buying (or receiving) luxury goods so I have none to sell.