Sell Gold Chains Gold Buyers

Five Reasons to Choose Cook County Gold Buyers

Selling gold and gold jewelry in Chicago

1. Consignment: This is likely the best option to sell an unwanted engagement ring. Basically you need to find a jewelry store that would be willing to sell the ring for you. They will polish and clean the ring to make it look like new and then put it on display in their retail store until it is sold. Then, they will take a commission on the final selling price and give you the rest of the money. A typical split is 60/40, in which the shop keeps 40% of the proceeds and you get 60%. If you can negotiate a better percentage, go for it! The only problem is it might take several months for your ring to sell. As long as you are not in a hurry for the money, this process will net you the most cash back because the ring will be sold closer to a retail price.
2. Craigslist: Put a detailed listing on Craigslist. Craigslist is a free classified website that is set up for specific local areas. You can list your ring under the “Items for Sale” section in the jewelry category for Chicago. Be sure to put as much detail as possible about the ring including quality of stones, type of gold or platinum, details about certification, appraisal value, and even where the ring was purchased. Offer to meet potential buyers at a jewelry store, preferably the one where the ring was purchased to verify authenticity, as well as for security reasons. Be sure to put an asking price for your ring and expect to take at least 25 to 50% less than what was paid. Even getting 50% of what was paid is much better than what a pawnshop or gold buyer would pay.
3. Sell to a friend: Obviously if you know someone that is looking for an engagement ring, this could be a great option. You can probably get 70% of what you paid for the ring from a friend that wants to buy it. Ask around. Almost everyone knows someone that is planning to get engaged soon. You might even be able to sell the center stone to someone if they don’t like the design of the ring. Most of the value is typically in the center stone. A local jewelry should be able to remove the center stone in front of you for a very small fee. Then once the center stone is sold, you might consider selling the ring mounting for scrap value to a local gold buyer.

Cook County Gold Buyer offers a superior gold buying experience.

My name is Michael Jacobson, owner of Cook County Gold Buyers. As a Chicago Gold Buyer I offer sellers a convenient alternative to selling their scrap gold and jewelry to pawnshops or a Cash for Gold company. Most people sell their gold for much less than it is worth...

Don't be one of them!

If you are ready to sell your engagement ring, contact us today at (773) 490-9828 or send us message