How to Sell Gold Jewelry in Chattanooga, Tennessee
- 1). Take out an ad in the local newspaper. This is one of the most effective ways to reach the local public with an offer to sell something. This is especially true if you place your ad during the Sunday edition of the newspaper, which has a larger readership than any other day of the week. Both Chattanooga Now and the Chattanooga Times Free Press offer classified ad space for people to sell items. Just practice common sense when dealing with the general public, since you are talking about something as valuable as gold without really knowing specifically who you are talking to.
- 2). Sell your gold jewelry to a gold dealer. These dealers typically purchase old jewelry, bullion and other gold items. They will melt the gold down to be sold on the open market, where it will eventually be made into something new. Gold dealers typically pay a price based on the wholesale melt value of the gold, so it is a good place to sell broken or damaged jewelry that no one wants. However, if your gold jewelry is in good condition, you may get a better price elsewhere. If you would like to sell your gold jewelry to a gold dealer in Chattanooga, Tennessee, contact Rick Davis’ Gold & Diamonds at 423-499-9162.
- 3). See how much a pawnshop will pay for your gold jewelry. Similar to gold dealers, pawnshops usually pay you based upon the wholesale value of the gold. While this is much lower than the jewelry value, it is enough for most people, especially when they can literally walk in the door with gold and walk out with cash, after just a few quick minutes. What makes pawnshops preferable to gold dealers is that they are more open to negotiating. Some of the more respected pawnshops in Chattanooga are Value Pawn & Jewelry (423-867-1630), Kennedy Coin & Jewelry (423-629-4996), Quick Cash Pawn Shop (423-629-0110) and Household Pawn (423-622-9578).
- 4). Visit local jewelry stores to see how much they would be willing to pay for your gold jewelry. Jewelry stores usually fall into two categories: those who will pay cash for your jewelry and resale it, and those who will put it in their store on a consignment basis. You can usually get the highest price by working with a jewelry store, but it can take a long time to sell an item on consignment, especially if it is a store without many people coming in the door. A few of the jewelry stores you should definitely look into in Chattanooga are Edward’s Jewelry (423-266-1442), Neals Jewelry & Repair (423-265-0094) and MM Schenck Jeweler (423-877-4011).
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