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Selling precious metals / jewelry in NYC

Started by chelsea511
about 13 years ago
Posts: 43
Member since: Aug 2012
Discussion about
Any suggestions on the best places to sell precious metals (jewelry, etc.) in Manhattan. We have some pieces that have been drawers for years and figured it might be time to move on. Obviously checking out a few places to get multiple estimates is the best bet.
Response by Truth
about 13 years ago
Posts: 5641
Member since: Dec 2009

If you have high-end vintage designer jewelry, there are dealers who will buy those collectable pieces.
If not, you will be selling them for the price-per-ounce of the gold.

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Response by sammy300
about 13 years ago
Posts: 208
Member since: Mar 2012

Try Peter & Andrew Fabrikant. They work very hard for their clients.

Do NOT & I repeat, Do NOT go to Circa. Their business model is to lowball clients & flip the stuff @ huge markups. Extremely unethical liars & cheats, who actually do not know much about antique, fine or vintage jewelry.

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Response by wavedeva
about 13 years ago
Posts: 209
Member since: Jan 2006

sammy300 is right. On average, Circa quoted me ~22% of the original value of my fine jewelry.

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Response by Truth
about 13 years ago
Posts: 5641
Member since: Dec 2009

All very true for quality vintage jewelry, sammy and wavedeva.
"Fine jewelry" isn't in the same category as "vintage".

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Response by greensdale
about 13 years ago
Posts: 3804
Member since: Sep 2012

American Jewelry and Loan in Detroit.

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Response by KeithB
about 13 years ago
Posts: 976
Member since: Aug 2009

I remember the Empire Diamond commercials on the Bernard Meltzer radio show.

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Response by Truth
about 13 years ago
Posts: 5641
Member since: Dec 2009

keith: you know I'm loling.

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Response by KeithB
about 13 years ago
Posts: 976
Member since: Aug 2009

I loved Bernie!

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Response by Truth
about 13 years ago
Posts: 5641
Member since: Dec 2009

Keith: agree! lol!

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Response by chelsea511
about 13 years ago
Posts: 43
Member since: Aug 2012

The watches we are looking to sell are Movado, Raymond Weil, etc. The jewelry is mostly gold chains.

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Response by Truth
about 13 years ago
Posts: 5641
Member since: Dec 2009

Unless watches are vintage, best to donate to charity for 1/3 purchase price tax write-off. (Up to $5k total donation value, per year.)
See Cathy at Cancer Care Thrift Shop (on Third Ave.&83rdSt.) She will give you a signed receipt.

Sell the chains for value per ounce of the gold.
I gave a friend's daughter a couple of large zip-lock bags full of gold jewelry that I hadn't worn in years.
She kept the pieces she wanted and sold the rest to her neighborhood jewelry store. They tested each piece and weighed in front of her.
(that was last year but you can still make good money selling the gold. Better than leaving it in a drawer.)

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Response by ProInNyc
about 13 years ago
Posts: 28
Member since: May 2011

For gold u can go to rosin refinery on 47th

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Response by greensdale
about 13 years ago
Posts: 3804
Member since: Sep 2012

You can buy Movado, Raymond Weil, etc. brand new on the grey market for 40-50% off.

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Response by flarf
about 13 years ago
Posts: 515
Member since: Jan 2011

I love reading the tax advice on StreetEasy.

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Response by Truth
about 13 years ago
Posts: 5641
Member since: Dec 2009

flarf: I wasn't giving "tax advice on StreetEasy", only describing the option for the OP to donate his/her wristwatches to a very good charity and the resultant tax write-off for the donation.

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Response by Truth
about 13 years ago
Posts: 5641
Member since: Dec 2009

chelsea511:
ProInNyc gave you a good reco for selling your gold chains, in Manhattan.
I gave you a good reco for donating your wristwatches to a very reputable charity thrift store in Manhattan.

"flarf" did not give you info, nor any suggestions. Just some flarf, which isn't even enough to make a fluffer-nutter. (You would need some marshmallow "fluff" and lots of peanut butter for that.)

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