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The Water Cooler
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Used jewelry value?
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<blockquote data-quote="Rez Exelon" data-source="post: 4307933" data-attributes="member: 5800"><p>For all the pieces I have, I set their floor value at the spot price of gold as it's nearly always possible to sell it for spot price. Not going to get spot from a corporate buyer (who average 17% below spot in my looking around) but selling privately at spot is possible. </p><p></p><p>The upper value is harder to set, since it falls under the "value is whatever the market will pay". The pieces I have are NIB, but most likely selling privately I'm going to get between 50-75% of their tagged price (compared to spot price being ~25% . It just takes a while. The lower I go the faster it sells obviously. </p><p></p><p>Now, I'm not dealing with designer brands or anything fancy, so if your pieces had name value that could change things greatly.</p></blockquote><p></p>
[QUOTE="Rez Exelon, post: 4307933, member: 5800"] For all the pieces I have, I set their floor value at the spot price of gold as it's nearly always possible to sell it for spot price. Not going to get spot from a corporate buyer (who average 17% below spot in my looking around) but selling privately at spot is possible. The upper value is harder to set, since it falls under the "value is whatever the market will pay". The pieces I have are NIB, but most likely selling privately I'm going to get between 50-75% of their tagged price (compared to spot price being ~25% . It just takes a while. The lower I go the faster it sells obviously. Now, I'm not dealing with designer brands or anything fancy, so if your pieces had name value that could change things greatly. [/QUOTE]
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