New York Spot Gold Price July 19, 2012: $1581.30 per ounce, up $7.90 from yesterday.
- You can negotiate a higher price for a large vs. a small quantity of gold.
You can negotiate a higher pri Continue reading
There are generally three types of appraisals: Insurance Replacement Value, Fair Market Value, and Liquidation Value. Most appraisals are done to provide an insurance replacement value and therefore are on the high side of retail value. Getting this type of an appraisal in an attempt to find out what your jewelry is worth to sell can be a huge waste of money. This will not help you determine resale value in the second hand market. If you do decide you want an appraisal for the purpose of selling your jewelry, it should be done by an appraiser who is not also interested in buying used jewelry to avoid any conflict of interest. Be sure to tell the appraiser what the purpose of the appraisal is to avoid getting an unrealistic value for resale.