Selling old jewelry, such as rings, can be a good way to make some extra money. Here are a few ways to go about it:
1. **Local Jewelry Stores** - **Pros**: They may offer a fair price, especially for gold or diamonds. Some stores may also allow trade-ins for new jewelry. - **Cons**: You may get less than the jewelry’s retail value because the store needs to resell it at a profit.
2. **Pawn Shops** - **Pros**: Quick and easy, offering immediate cash. - **Cons**: Often give lower offers compared to other options since they are based on quick turnaround and profits.
3. **Online Marketplaces** - **eBay, Craigslist, or Facebook Marketplace**: You can sell directly to buyers, possibly earning more. - **Pros**: Potentially higher prices, especially if the piece is antique or unique. - **Cons**: Requires time, effort in listing, and dealing with buyers.
4. **Online Jewelry Buyers** - There are websites dedicated to buying used jewelry like **WP Diamonds** or **Circa**. - **Pros**: They specialize in jewelry and diamonds, so they may give a more accurate value. - **Cons**: You have to ship your item and may wait longer for payment.
5. **Auction Houses** - If your jewelry is rare, vintage, or designer, an auction house could be a good option. - **Pros**: You may get a higher price if there’s high demand. - **Cons**: Auction fees can be high, and the sale may take time.
6. **Gold Buyers** - If your jewelry is gold, some places buy it based on the weight and current market value of gold. - **Pros**: