If you have your grandmother’s antique brooch or you’ve just purchased a wedding ring, it’s a good idea to have your jewelry professionally appraised. This process will provide you with a piece of paperwork that explains the value of your jewelry for resale and insurance purposes. It will cost you some money upfront to have jewelry appraised, but this will be a valuable asset when you go to sell or insure it later. Here is what you can expect when you take a piece of jewelry in to be appraised.

Initial Assessment

Once you’ve decided which appraiser you plan to use, they will perform an initial assessment of the jewelry. The appraiser will usually clean the piece thoroughly in order to be able to see the clarity of the stones used and to get a good image when they take photographs of the jewelry. The piece of jewelry will be weighed so that the appraiser can determine how many carats it contains and how many grams of gold, silver, or other metals are in it. This weight is important to assessing the overall value of the piece. They will also measure the size of any stones found in the jewelry.

Determining Value

A professional jewelry appraiser will test the metal content of your jewelry to determine its authenticity. If the gold is 24 or 14 karat, for example, they will be able to tell this from the test and can make a more accurate appraisal. They will also look at the cut, color, and clarity of any stones as well as their weight combined to determine the market value. If a piece of jewelry is antique, the appraiser will look for any maker’s marks that could increase the value and help to authenticate it. Most jewelry appraisers give you the insurance value of the piece but may not tell you what the estimated resale value is. This is because the sale price of jewelry depends on several factors like current demand and which avenue you use to sell it.

Paying For The Appraisal

Most appraisers charge customers by the hour for their assessment. There will also be an extra fee for the paperwork they give you to keep. If you’ve decided to mail your jewelry to an appraiser, you can expect to pay a shipping cost to have it mailed back to you. Some appraisers have a flat rate or a minimum fee, so do a little shopping around before you select the appraiser you want to use. With the right appraisal, such as from The Gold Miner, you can be sure that the jewelry you own has an official value attached to it in order to prove its worth.

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If you need some money now, then one of your options is to get a collateral loan. To help you decide whether a collateral loan is right for you, here are some things that you should know:

What is a collateral loan?

In a collateral loan, you give up a valuable asset that you own as collateral. In essence, that asset will be used as an assurance that you will return the loan when it comes time to pay. If you do not pay the loan back on time, then the lender has the right to assume possession of your asset, and sometimes even sell it. Depending on the terms of your loan, you may have a grace period after the payment is due before your collateral is actually taken. Failing to pay the loan on time will also often result in increased interest rates and charges.

What can be used as collateral?

In almost every case, collateral loan lenders will want assets that are worth more than the loan. This will depend largely on the size of the loan, with small loans being covered by jewelry or other personal items, and larger loans requiring a car or large equipment as collateral. If you are looking for a collateral loan for business purposes, then the scale can be significantly larger, with some future profits or insurance policies taken as collateral.

What are the benefits of collateral loans?

The main benefit of a collateral loan is that it is easy to acquire and tends to have low interest rates. Both of these stem from the fact that you are putting up collateral, which basically puts the lender in a win-win situation. Either you pay the loan back on time and they get paid the interest, or you fail to pay and they get an asset that is likely more valuable than the loan was. 

As far as ease of acquisition goes, collateral loans tend to have lower credit score requirements than similar loans. While other loans heavily rely on credit score to judge the trustworthiness of the client and the odds that the loan will be paid back, collateral loans do not, thanks to the usage of collateral. For the same reason, collateral loans can often charge lower interest than similar loans, since they have an increased likelihood of being paid back.

As long as you pay back the loan on time, a collateral loan can be a much more effective option than other types of small loans, particularly if you have poor credit. 

Contact a company like Sol’s Jewelry & Loan if you’re ready to consider a collateral loan.

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As a jewelry aficionado, you probably have more jewelry than you know what to do with. Some of your pieces are too beautiful to be kept inside of a jewelry box that no one sees. So, if you are looking for a unique way to hang and showcase your jewelry, here are a few ideas:

1. Jewelry Tree

If you would like to make something sophisticated, yet rustic, this project is definitely for you. It’s the perfect place for necklaces, especially simple ones. To make this jewelry tree, you will need to locate some of the nicest branches that you can. Paint them with a gold or silver color – a glitter spray would be beautiful. Place these branches into a vase and arrange them so that it almost looks as if it is a tree.

You can then hang some of your lighter necklaces on the branches. It will hold quite a few, and you may be able to throw one or two larger necklaces on there. You can even add some bracelets and rings to the ends. As you are placing your necklaces, just pay attention to how the branches are holding up to make sure you don’t put too much on them, which can take away from the whole design and eventually lead to the breaking of the branches.

2. Corkboard Cubbies

If you want something a bit flashy, but you don’t want to take up a lot of room, you may want to consider this DIY craft. You will need a piece of circular corkboard, some glitter (your color choice), empty tape rolls, paint (your choice of color) and spray or craft adhesive. Paint the empty tape rolls (painter’s tape or duct tape) inside and out. Spray your adhesive across the entire piece of corkboard (you could also use hot glue for the tape rolls). Attach the empty tape rolls in a pattern of your choosing and spread out the glitter evenly across the corkboard. That’s it! You can place bracelets, rings, etc. inside. It can also serve as a message center, so make sure you keep a couple of thumb tacks handy for attach notes.

3. Vintage Shutters

If you’re looking for a stylish, vintage-themed way of storing your jewelry, consider heading to a local thrift store and seeing if you can find some old shutters. You can likely find some pretty easily, and for a small price. You can take these home, paint them a color that matches the décor in the area where you plan to affix it to the wall, and hang your earrings. If you add some small hooks, you can also store your necklaces, bracelets and rings here as well.

If you find that you have room for additional jewelry, head to your local jewelry store to feed your addiction!

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For many years there has been some debate as to the value of the penny in the United States monetary system. You may not know it, but early in our country’s history there was actually a coin worth only a half a penny.

The most prevalent reason that the U.S. needed a coin of such a small value was in large part due to both early economic conditions in this country, plus tumultuous events, both politically and economically, happening in Europe.

Here is why at the end of the 18th century, and for over 6 decades into the next, the United States felt the necessity to have a coin worth only a half a cent.

Political and Economic Turmoil on the European Stage

At the outset of the 1800’s most of Europe was at some level experiencing political, or economical confusion. This constant state of turmoil across the Atlantic Ocean had a direct effect on the early U.S. economy. The United States was still new to the world’s marketplace, with unique goods to sell that helped keep the nation’s early economy financially fortified.

This was also the beginning of what was to be a century long Industrial Revolution. England, still the most powerful economic country in the world, was trying to maintain domination on many aspects of the world economy. All of this economic pressure kept incomes and inflation, still a fresh concept of our new nation’s capitalistic design, fairly stagnate.

As a result of a very slow growing economy, the cost of many things was so low that a number of goods and services sold for less than one penny. Hence there was an economic need for the U.S. Treasury to include a half-cent monetary unit in circulation just to meet that need. This was as much as a result of the conditions in Europe, as it was the value of merchandise itself.

Economic Conditions in the United States

During the earliest decades in United State’s economic history, the average wage earned per day was in the neighborhood of one dollar. With incomes so low, the cost of goods sold was equally as low, with things like a sack of potatoes selling for 1-½ cents.

Therefore, the country had a good reason to produce coin money in the half-cent denomination. A piece worth half-a-penny was basically essential to the economic structure of the early 1800’s.

None of the assorted half-cent coins in the U.S. monetary system lasted very long when compared to the lifespan of most of the coin money in the United States. The first design was produced early in our nation’s history beginning in 1793, with the classic head proof minted following the War of 1812, subsequently ending in 1836.

The last minting of a half-cent coin in the United States was just prior to the start of the Civil War in 1857. It was during this period that the economic costs of making these coins started to become more costly than the coin was worth. This helped make the decision to retire the coin very easy for the U.S. Treasury.

So oddly enough as discussions continue over the viability of the Abe Lincoln penny in our country’s monetary system, once there was a coin worth only half as much. Coin enthusiasts collect all types of standard pennies, but a rare find indeed is a half-cent coin – an economic necessity over 150 years ago. Speak to a professional at a company like Penny Pincher Coins & Jewelry to learn more about classic coins.

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If you have a piece of diamond and gold jewelry that you want to sell, you know you can walk into a cash-for-gold place to get quick money for the scrap value of the gold. But there is the chance the diamond may be worth something as well. Demand for diamonds has been increasing, and it is tempting to try and find a buyer who will pay for the piece of jewelry instead of the gold — in other words, someone who will pay more for a completed piece of jewelry instead of a lower price for just the gold. But before you do that, take a look at what you may face when you try to find a buyer who will pay for more than just the gold.

Mistaken Information

If you originally bought the piece of jewelry yourself from a reputable store, then you know it’s a diamond. But if you were given the jewelry, or if you inherited it, you actually have to double-check that it’s really a diamond. For all you know, the stone could be cubic zirconia, glass, or another material.

Getting the piece appraised first is a necessary step, and that means taking extra time — and possibly spending extra money — to ensure the stone is real. With gold-only jewelry, there are a few quick tests you can run yourself to see if the piece might be plated; for example, you can hold a magnet to the piece (if the magnet attracts the gold, then you know the piece is plated because gold is not attracted to magnets), or you can look for a stamp that notes the carat weight. But it’s much more difficult to tell if a diamond, especially a small one, is real.

Lack of Buyers

Even if the piece is real and is quite valuable, you may have trouble finding a buyer who will buy the whole piece instead of just the gold. That means it will take longer to sell the piece, which is not good if you’re selling it because you need fast cash. Or, you could find buyers who want the piece, but they might not be willing to pay you a fair price. If you sell the piece for the scrap value of the gold instead, you at least know approximately what you’ll get because gold prices are posted daily online.

Some gold buyers are now looking for diamonds as well, however. If you can find a gold buyer who will check both the scrap value of the gold and the value of the piece as a whole with stones, then the process becomes much easier. The buyer can let you know what each price would be. Plus, if you decide to sell for the gold scrap value, the buyer might let you have the stone. You could get that placed in another setting once your financial situation allowed for it.

If you want to find out more about selling jewelry for scrap versus whole-piece value, talk to gold buyers in your area. If they aren’t looking for stones in addition to gold, they can point you toward appraisers and others willing to look at the stone.

To learn more, contact a company like Sol’s Jewelry and Pawn

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Personalized Memorial Jewelry

Posted By on Dec 16, 2015

When someone loses a loved one, dear friend, or a beloved pet, they are often comforted by having a small token or remembrance to memorialize them. Memorial jewelry can be made of gold, sterling silver, and gemstones. These metal charms and stones can be worn as very elegant and meaningful jewelry. Here are some of the most popular memorial jewelry items:

  • Handwriting – An exact replica of a loved one’s handwriting can be digitally photo etched onto a gold or sterling silver pendant or bracelet links. The handwriting can be familiar words used by the loved one or a handwritten note or letter. To make this pendant, a digital photograph of the handwritten words is reduced to fit on a chosen metal shape. The letters are etched into the gold or silver and then chemically treated with a darkening agent so that the writing is legible and easily read. 
  • Portraits, Fingerprints, Handprints, Footprints and Other Photographs – The same digital photo etching process that is used with handwriting can also be used with portraits, fingerprints, handprints, footprints and other photographs. These personalized etchings are exact replicas of the original, except they are reduced in size to fit on gold or silver rings, bracelets, and pendants. Several different photographs can be worn linked together to memorialize a loved one in different poses or with different facial expressions.
  • Locks of Hair – A lock of hair from a loved one can be captured within a locket with a viewing window. The locket can display a photograph of the loved one on the opposite side. The locket can be worn as a pendant or bracelet charm. 
  • Cremains –  A small amount of the cremains of a loved one can be mixed with molten gold or silver and then cast into a memorial tear or another personal shape. This special metal can also be used to make other pieces of jewelry that have meaning for family and friends. Cremains can also be sent to a specialized lapidary jeweler who makes them into synthetic diamonds and gemstones. These special stones can then be made into rings, pendants, bracelets or any other desired piece of jewelry. 
  • Memorial Urns – A small amount of cremains, locks of hair, and/or samples of burial flowers or burial soil can be enclosed within a gold or silver urn with or without a viewing window. These urns are permanently sealed and can be worn as pendants. 

All of these memorial pieces can be combined and or altered in countless ways to create highly personal memorial jewelry. With the process of digital photo-etching and metal casting, the jeweler can produce an exact replica of a photo of a departed person or even a pet. These personalized memorials are completely original and allow you to have a keepsake like no other. Contact a company like Jeffrey-Private Jeweler for more information.

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