Inherited Jewelry and Coins

As the Baby Boomers slowly fade from the scene (I’m one of them) the next generations will inherit lots of jewelry and coins that they will have little knowledge about. Aside from jewelry regarded as family heirlooms that will be kept in the family, many of the pieces may have no value or tremendous value and what can you do about it? 

Here’s some suggestions:

Find a local jeweler in your area that has years of experience in buying Estate jewelry and/or appraisal work. He or she will first authenticate and identify your jewelry as “good’ or “bad”. That’s typically the question customers ask when what they really mean is “ Is this worth money and if so,how much?”

And a trusted jeweler should easily be able to tell you both a cash value and a retail value of your items. You then may have the information you need to decide what to do with your inherited jewelry. The same is true for old coins and paper money but not all jewelers are experienced with these items and you may need to do an Internet search to find dealers in your area. Try that first before you send your inheritance off to some Internet company that you would have great difficulty in getting resolution if suddenly you get an extremely low offer or none at all.

Of course you may want to take some of your inherited jewelry and make something new out of “Mom’s old ring”.

Again a reputable,

independent jeweler is the place to start and if unsatisfied just walk out the door and try another one. You will eventually get the information you need to make an informed decision on what to do with your inherited jewelry and coins