Do you have a piece of jewelry you never wear? A watch in need of repair, an unwanted diamond ring, or other valuable you’d like to sell? You may be tempted to visit a pawn shop or sell online, but have you considered selling to Samuelson’s?
For nearly 100 years we’ve been the Baltimore area’s most trusted buyer of diamonds, estate jewelry, and other valuables. In today’s post, we’ll show you why.
Keep reading to learn what it’s like to sell to us.
Scheduling your appointment
Your visit to Samuelson’s starts by scheduling a private appointment with one of our skilled evaluators. Contact us online or call (410) 837-0290. We’ll ask you a few questions about your item, and discuss when you’d like to come see us and which of our locations is most convenient for you.
Getting ready for your visit
In order to provide you with the best offer for your item, it’s best for you to do a bit of work to get ready for your private appointment.
- Pack the item safely in its original box — if you have it
- Bring any lab certifications, previous appraisals insurance information, or other supporting documents for your item
- If you have it, bring the original purchase receipt
- Bring a notebook and pen
- Clean jewelry or coins — for many collectibles, the patina and age are part of their desirability
- Repair watches or estate jewelry — we buy items in any condition
In addition to getting your item ready for evaluation, take a few minutes to think about questions you’d like us to answer. Your appointment won’t be rushed and there will be plenty of time for you to get all the information you need.
Questions you may want to ask include:
“What exactly do I have?”
This is a great question! You’d be surprised how often a person doesn’t fully understand the history of a piece they’re bringing to us. This is most common when an item was left or gifted to them by a relative — especially if the piece had been in the family for a few generations.
Our evaluators love explaining the details of a piece including history, maker, materials, and collectibility. We’ll explain exactly what you have and how that affects its value.
“What do you look for when evaluating a diamond or other valuable?”
If we’re looking at a diamond, we’ll examine the stone itself for:
- Carat weight
Also known as the 4 C’s, these factors are very important to determining the rarity and value of a diamond. Of course, the setting and history of the piece are important, too, but we’ll start by looking at the physical characteristics of the diamond.
When it comes to gold and silver, we’ll evaluate both purity and weight. While a carat is a measure of a diamond’s weight, karat is the measure of gold’s purity. 24 karat gold is 99.5+% pure gold while 14 karat gold is 58.5% gold. For jewelry and watches, we’ll consider the gemstones and precious metals featured in the piece as well as its collectibility and condition.
“Is now a good time to sell?”
This is one of the most common questions we hear. And it’s a great question! Remember that since gold and silver prices vary due to a variety of market factors, your piece’s value will change over time.
Everyone wants to know, “Is now a good time to sell?”
Our answer is that it depends.
You can’t predict the future so you can never be sure what will happen to the value of gold, silver, or diamonds over time. You may be tempted to hang on to a piece in case the market goes up. Or you may be tempted to sell, believing the market is due for a correction.
But you can never be completely confident in what might happen.
Generally speaking however, a single piece of gold, silver, or diamond jewelry shouldn’t make up a large portion of your investment portfolio. You’re exposing yourself to a lot of risk associated with fluctuating markets. You may be better off by selling your piece and reinvesting the proceeds in something with less inherent risk.
“What should I do with it?”
Selling a valuable piece of jewelry is a very personal decision. But it can be hard to make that decision alone. After we evaluate your piece and make your offer, we can help you understand your options and encourage you to make the best decision for you.
Above all else, we want you to be comfortable and satisfied with any decision you make.
“What will you do with it?”
We work with a worldwide network of jewelry, gold, diamond, and silver buyers. In some cases your piece may be sold as-is to an interested buyer. However in other situations, like that of a damaged ring or broken watch, diamonds may be sold individually or your piece may be disassembled before sale.
During your evaluation
When you arrive at our office, we’ll introduce you to your evaluator. Don’t forget that we’re not open to the public and all evaluations are appointment-only. That means you won’t be interrupted and your entire visit will be safe, secure, and private.
Your evaluation will begin with a few questions about your piece and why you’re visiting us. Then we’ll look at the piece itself.
Throughout the process we’ll explain what we’re doing, why we’re doing it, and how our findings affect your piece’s value. Once our evaluation is complete, we’ll make an offer for your item and explain how we reached it. We welcome any questions you have about our process and our offer.
If you accept our offer, we pay you promptly — no waiting for a check in the mail. There’s never any pressure to accept and you’re welcome to think things over. Above all else, we want you to be satisfied with your Samuelson’s experience.
See for yourself
Are you interested in selling to Samuelson’s? Contact us online to get started.