Advice please - won store voucher need the money though

claireyfairy3281

Hi,

I was wondering if anyone had done this before or had any advice for me please.

I won an online store credit and I bought some things for friends but I actually really need the money as I am not working.

Someone suggested buying a piece of expensive jewellery and selling it to a jewellers. I rang/emailed a few, but half have not got back to me and half said they're not interested.

I also asked Sothebys auctions and they said (even showing the website on my phone to them) that they can't advise me and they'll have to validate the jewellery themselves in person. They also said jewellery goes for 5 times less in their auctions. I had a look at their catalogue, and rings were going for pretty cheap, so I believe her.

Next I'm thinking to buy it and sell on ebay instead. If I market it as brand new and never been worn etc, do you think that will be more appealing to online bidders?

Has anyone ebayed jewellery?

Many thanks

Claire

sax11

if it's gold then get use one of the cash for gold places - probably get a lot more than ebaying it

> http://www.moneysavingexpert.com/family/gold-selling-sites

wonderwallet

The profit margin for selling jewellery on Ebay is very low, even on brand new stuff. I found last year that it was actually more profitable to sell some brand new gold necklaces as 'cash for gold'!!

I've found over the years that certain high end skincare and cosmetics sell extremely well, even used ones!! Do some searching for past auctions and you will see which items from brands constantly sell well, presuming of course that your store sells them as we don't know which store it is!!

Blulu

I also doubt you'd get much on eBay. And personally, I wouldn't use Cash4Gold either. Gold seems to be selling well at the mo, so you could consider spending it on a gold product/s, and then taking that to a high street jeweller. I've seen some advertising outside their shop "best prices paid for gold". Make sure it's a reputable one, and don't be afraid of asking in a few shops before making a decision.

Blu X

mjm3346

claireyfairy3281 wrote: »

Hi,

Someone suggested buying a piece of expensive jewellery and selling it to a jewellers. I rang/emailed a few, but half have not got back to me and half said they're not interested.

The mark up on new jewellery is massive and the actual value of the gold/gems etc is usually only a small fraction of the retail price.

If possible selling the actual store credit would probably bring the best return or use it to buy items people want and have agreed to buy from you (at a bit of a discount).

claireyfairy3281

Thanks all for your replies.

I can get any high priced items to try to sell.

I wonder how much percentage of the actual cost I would make from selling gold? About a third profit?

x

hannonle

Do they sell expensive handbags? Maybe those would sell well?

claireyfairy3281

I was thinking of doing it the long way, ebaying clothes, but I guess I would need to research the popular brands/sizes/etc first to make sure they sell.

claireyfairy3281

hannonle wrote: »

Do they sell expensive handbags? Maybe those would sell well?

Yes, really expensive ones. I think maybe ebay has a lot of fake handbags on its site, but I can prove the purchase I guess.

Selling the credit sounds interesting, although I don't think I'd be able to transfer it - they'd have to log in as me and I guess I could delete my information off the account? I'm not sure...

claireyfairy3281

wonderwallet wrote: »

The profit margin for selling jewellery on Ebay is very low, even on brand new stuff. I found last year that it was actually more profitable to sell some brand new gold necklaces as 'cash for gold'!!

I've found over the years that certain high end skincare and cosmetics sell extremely well, even used ones!! Do some searching for past auctions and you will see which items from brands constantly sell well, presuming of course that your store sells them as we don't know which store it is!!

I will have a look at skincare - never thought of that before, and it's all high end stuff.

toniq

Is it on a store card? Generally when I sell vouchers I get 75% min of what the actual price is.