The Great American Sell Off of Possessions including Jewelry

In the current issue of Smart Money magazine, there is an article called The Great American Sell Off which talks about people trying to sell their possessions in record numbers.

This includes jewelry.

Right now, there is no shortage of things to buy. At liquidation and estate sales, buyers are purchasing the small less expensive items. There isn’t a whole lot of cash out there to buy non-essentials.

When liquidators tell people what cash they should expect to get for their items, they say take what you paid for it (or what it has been appraised at for insurance purposes) and remove a zero from the end,

That sounds rough but that’s the reality. Using that thumb rule, if a lot has been appraised at $6000 by an insurance appraiser, then its cash value today is about $600.

Read the article – very interesting !

Do We Buy Jewelry?

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One thought on “The Great American Sell Off of Possessions including Jewelry

  1. Pingback: Antiques Roadshow says eBay effect has flooded collectibles market « Native American Jewelry Tips

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