Have You Cashed in Your Gold Yet?

Sterling & Knight

Jewelry & Pawn

With the price of gold at record highs and the state of the economy at record lows, many people are realizing that their old jewelry could  be put to better use by selling it. Most people don’t have any experience when it comes to selling jewelry, so how can you be sure to get the most you  possibly can for your old valuables?

Here are some tips on how to get the most money for your old, unwanted jewelry:

  1. Get at least two, if not three offers to buy your jewelry before selling it. When you get two or three different offers, you are educating yourself on the process of selling jewelry. You will be very surprised at how the different offers will vary, sometimes by hundreds of dollars. Come to Sterling & Knight Jewelry & Pawn last, and we will meet or beat any offer!
  2. When selling diamond engagement rings or other large diamonds, bring any appraisals, certificates or paperwork you may have from when you purchased it. A qualified jewelry buyer will evaluate the diamond and make his own determination of value, but having something to check his opinion against is helpful for both you and the buyer.
  3. When meeting with the buyer, ask them about their history in the industry, educational background, etc. With gold buyers popping up all over the place, there are lots of gold buyers out there who have little or no background in jewelry or gemology. I recently secret shopped a “Cash for Gold” store in a nearby community.   I casually asked the buyer how long he had been an appraiser, and he told me that “he was working for a catering company last month and happened to meet the owners of the company, and they gave him the jewelry buyer job!” An experienced appraiser or jewelry industry veteran will generally offer you higher prices for your jewelry.
  4. Don’t pay for an appraisal! Any qualified jewelry buyer will give you a free, no obligation cash evaluation of your valuables. A current written appraisal is unnecessary to the process.
  5. Don’t expect to get retail value when selling your jewelry. Gold jewelry that you purchased 20 years ago will have value because of the gold content, but it is probably not something that will be re-sold as jewelry.

Keeping these 5 tips in mind will help you get the highest price for your old jewelry. If you do your homework and have realistic expectations of what your items are worth you are sure to have a profitable outcome.

J. Ford Sunderland is a jewelry, coin and estate buyer with over 30 years of experience. For more information log on to:

We are a pawnshop or pawn shop, but we also buy gold and pay cash for your gold, we also pay cash for diamonds, we buy diamonds, we sell diamond engagement rings, diamond stud earrings, diamond and gold or platinum wedding bands and more! 

We also serve the following Areas in Chicago:

Addison, Bensenville, Berkeley, Broadview, Brookfield, Burr Ridge, Chicago, Clarendon Hills, Darien, Du Page, Elmhurst, Glen Ellyn, Downers Grove, Hinsdale, Hillside, Indian Head Park, La Grange, Lisle, Lombard, Oak Brook, Oak Brook Terrace, Riverside, Villa Park, Westchester, Western Springs, Western Suburbs and Westmont in the Greater Chicago Area!

We have two locations to serve you! We are located in:

Villa Park

109 E. St Charles Road
Villa Park, IL 60181

Hours: Monday 10 – 7:00
Tuesday – Friday 10 – 6:00
Saturday 10- 3:00 



244 E. Ogden Ave.
Suite 114 (In the Courtyard of Koshgarian Plaza)
Hinsdale, IL  60521

Hours: Monday – Friday   10 – 6:00
Saturday & Sunday by appointment.

If you refer a new customer to our store, you receive a 3% referral bonus, just like referring someone to host a Gold Party.

Please visit our website at

Thank you for your business and continued faith in our local, family owned business. We’ve had the privilege of working with wonderful customers and helping them in these troubled times. 


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