There's a lot to learn before you try to sell.
Q. My wife and I have a number of pieces of sterling silver and we want to sell it as it has never been our style. Most of the pieces are from family members who passed it on to us. How can we locate a reputable person or company that would give us a fair price for the pieces? Also, we have a few commemorative gold coins which we would also like to sell, and again, we don’t want to be duped.
Before selling your silver to anyone, it’s important to understand the current price for the metal so that you will not be ripped off, Gobo said. “Understand that the buyer needs to be able to make money reselling it,” he said. “You can search online or find places near you that offer this type of service. The same is true for theAnother resource is your local jewelry store or the jeweler that your family may have a relationship with, Gobo said.
“To help ensure consumers are not cheated when they sell precious metals, New Jersey law requires, among other things, that the buyer must weigh the precious metals and test their fineness, within clear sight of the seller,” he said. “The buyer must give the seller a receipt for the purchase.”
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