If you are serious about how to make rural money with estate jewelry, but need an idea, then estate jewelry is a home business worth your consideration.
Estate jewelry made of precious gem stones and metals, is a high-end and evergreen work from home business worth your consideration.
Most people who like things of value, such as jewelry, precious gem stones and metals, are fascinated with anything that sparkles, is unique and one-of-a-kind.
As avid collectors, when the sparkle and detail of a particular piece of jewelry catches their eye, they have to possess it!
Collectors are a different breed, but they also drive the market for exquisite, rare, unusual, estate and vintage jewelry.
You do not need to be a gemologist to make rural money with estate jewelry; but you do need to develop an “eye” for the real thing!
I have found many fine pieces of estate jewelry at swap meets, etc., because the seller did not recognize foreign hallmarks, or failed to search through their stuff carefully.
Thus, one person’s trash becomes another person’s treasure.
Rooting around at flea markets … is one of the best ways to find estate jewelry.
“For example, I found a Tiffany Co. Sterling Silver Mesh Multi Strand Heart Necklace – Paid $2 at Thrift Store – Retail Price: $1,119; Tiffany Sterling Silver Mesh Multi Strand Heart Bracelet – Paid $1 at Thrift Store – Retail Price: $525 – Total Value = $1,644!”
Of course, estate sale/barn sale is another great place to treasure hunt, but most are run by professionals; so all the good stuff has been identified and priced accordingly.
That is not to say that you cannot find a treasure that was overlooked!
I prefer to treasure hunt for estate jewelry off the beaten path, so to speak.
Another way that is not widely used by serious estate jewelry hawks is buying lots of costume jewelry.
What I mean by “lots” is the whole lot of it (every piece).
Rural Money Tip: It is not a good idea to pick through costume jewelry in front of the seller because you may start admiring a valuable piece that they decide NOT TO SELL!
Just ask, “How much do you want for the whole lot of costume jewelry,” very casually.
You may have already spotted the “money piece!”
Newly started thrift stores, first-time yard sales … are also excellent places to find treasures these days.
Since eBay and the Antiques Roadshow, even Goodwill and Salvation Army are combing through their donations for treasure and estate jewelry, that can be auctioned for higher prices.
Do not pass up other sterling silver items, vintage oil paintings and such, because those hungry collectors have an enormous appetite for anything valuable.
A pet peeve I have when watching on the Antiques Roadshow is: When an item is appraised at high value, people don’t SELL IT!
As an appraiser of antiques and collectibles, I am aware that prices go down on many items and may not be back at the original appraisal value for several years.
The collectibles market is volatile for many antiques and collectibles, but estate jewelry tends to increase in value.
My rule is: TAKE PROFIT at the highest value by a reputable appraiser who has a vested interest to get the appraisal value or exceed it at auction!
If you purchase an estate quality gold and diamond necklace for $5.00, but you are unaware of its intrinsic value, and a casual collector offers you $1,500, you should respectfully ask for ten times more, because that may be closer to its intrinsic value.
If he asks you how much do you want for it, just say, “I have no idea,” and wait for him to start the negotiation.
You can not blame a collector for trying to get it for “nothing,” so to speak.
I guarantee you that if that necklace is worth $13,000, the the collector will not let you leave without paying your counter asking price.
Leave no stone unturned when looking for hidden estate jewelry to take profit for your homesteading business.
However, do not be surprised when the collecting and/or greed bug bites you and you decide not to sell or your asking price is too high.
If you think that you have found a rare piece of estate jewelry, you must invest in having it appraised to extract a high profit.
Or write to an Antiques Roadshow appraiser about your find, enclose clear photos and details, and if it is valuable, they will be in touch.
Hit the yard sales, flea markets, swap meets …, but don’t take a jeweler’s loupe that will blow your cover.
If a piece of jewelry catches your eye that you suspect to be valuable, and it only cost a few bucks, casually purchase it and offer no comments about it.
You can examine it closer when you get home.
Professional collectors and hustling pickers are out there everyday finding estate jewelry and TAKING PROFIT.
Now, it is your turn!