Get The Most Out Of Inherited Jewellry

Posted on: 24 March 2015

So you've recently inherited some gold jewelry and coins and you aren't sure what you want to do with it--is it worth selling? The price of gold is going to change daily, but you may want to take it into a local gold buyer, like The Jackels Collection of Beverly Hills, to see if it's worth anything.

If some of the pieces have significant and sentimental value to you, there are some other ideas you can entertain besides selling everything. Here are a few of the options you'll want to consider.

Redesign the Pieces

If you don't want to get rid of the items, or you want to keep a few that have stones you like, redesign the jewelry. You can have the stone taken out and put in different settings, and you can have the pieces changed to be more modern and stylistic. This way, you can wear the items that were left behind for you.

Sell the Stones

If you have some particular stones that you don't care for, but you like the designs and the settings, replace the stones. Take the stones to a jewelry buyer and see what they are worth.  You could make enough money off the stones to get a new stone for the piece or to have the redesign work completed.

Sell the Gold Jewelry

If you don't want any of the gold, a jewelry buyer will weigh it and give you a price for it. This is one of the easiest ways to sell the gold jewelry. It's also better than selling it online or to someone who buys gold to have it melted at a jeweler, since you can lose more money to another party in the transaction.

Get Appraisals

If you have gold coins, you don't want to send these in to be melted. You want to take them to a coin appraiser to see what they are worth. They may be collector's items that are worth a significant amount of money--and, their value will be much greater than what they would be if you melted them down.

If your inheritance is a bunch of old jewelry and coins and you have no idea what it is all worth, take the time to have everything property appraised and valued. You want to know what items are worth before you get rid of them, and you want to keep the things that you love as memories.