I am selling all of the tools in my jewelry shop, hopefully all in one fell swoop. I have rolling mill, electric hydraulic press, micro motor, flex shaft, files, silver, stones, etc. All of them high quality and in good condition. I have a local buyer that wants to give me a bid, but neither of us is sure of what constitutes a fair price.
If I had a good idea of how much everything cost new, what would be the average discount for used? 50% - 60% of new price ? If I was buying someone’s entire shop I would hope to pay a little less for taking everything. I just not sure how much value these tools keep.
There are a number of online jewelry specific tool selling sites that you might look into to either sell your tools or get some idea what a fair price is for them. If you don’t sell them to the person who you mention, then take a series of good pictures as people will want to see them. Good luck…Rob
Jobbers will pay 50cents on the dollar. If that’s any help. I would like to know what stones and silver you have, once you decide on a price. linda.km41@icloud.com.
When selecting a price - consider both what you paid and what new ones cost. With prices rising, if you generally price everything at 50% of new, you will be doing someone a favor. For everything, I’d do something like 40% of new.
I’m in the same boat that you are. I have to get rid of my tools and unset stones, precious metals. So far as the precious metals are concerned, I have 25 pounds of scrap melted into crude ingots. Also several ounces of 18K gold. This supply is easy to dispose of. I will be sending it to a refiner. If I sold it for cash, I will have to pay the capital gains. Most of the silver was bought as scrap at prices ranging from $2.50 to $4 per ounce. I don’t have the reciepts to prove my basis as most of it was bought in the 1990’s… silver is at $31- $32 at current prices…having the silver returned to me as investment grade bars will cost $4 per ounce on top of refining fees. However, I can hold on to them and sell them off piece meal for cash without reporting it as a capital gain. I’ll be selling at retail so I will lose more money but who cares since the original silver was bought at low prices. If you have precious metals, sending them to a refiner is the best and easiest way to get rid of them…
The only tool that is worth anything is a rolling mill. I have someone who will take it off my hands.
my biggest quandry is how to sell a bunch loose of semi precious stones. Prices are all over the place. I don’t have the time to sell online. Any suggestions would be appreciated.