With times being as hard as they are, it may be a necessity for you to find buyers of silver jewelry in Portland, Oregon that you can sell to in order to make some quick money. Selling jewelry, particularly pieces that have sentimental value, is always a painful experience, but dealing with the right buyer can make the process easier.
The first step is to identify which pieces are saleable. Unless you have jewelry that is pure silver, your pieces are likely made of sterling silver, which is silver mixed with a base metal such as copper in the proportion .925 silver and 0.075 other metal. Dealers will usually pay around 0.830 the spot price of silver on day you are selling your jewelry, although buying prices will of course be much less for sterling silver jewelry that is less than .925 silver. You might want to invest in a silver test kit to test your jewelry if you have a lot of pieces you plan to sell.
The next step is to pick the right time to sell by monitoring the price of silver and waiting until it is high. The price of silver frequently fluctuates so if you want to get the best price from buyers of silver jewelry in Portland, Oregon you will have to do your homework. You can visit the Commodities Exchange (COMEX) site to determine the NY spot price for the day and decide if it is the best time to sell. Note that the spot price for silver is expressed in troy ounces and there are twelve troy ounces to a pound. This will give you a general idea of how much your silver is worth.
Finally, you should look for reputable silver dealers in the Portland area. You can do a Google search that will return the names and addresses of dealers in your area so that you can make a list. Ask around about these dealers to see which ones have a good reputation. Once you’ve found dealers that you feel you can trust, bring your jewelry to them for appraisal. Don’t hesitate to approach two or more buyers of silver jewelry in Portland, Oregon to find one that will give you the best price.