1. Any type of gold is a household valuable

The price of gold has risen to a record $2,100 per ounce, so check your jewelry box for broken chains, unmatched earrings and gold pieces you no longer wear. And don’t stop there! “Gold and other precious metals can sometimes hide in ordinary items or family relics,” notes Seth Gold, co-owner and vice president of American Jewelry and Loan in Detroit. “Look for hallmark stamps on cutlery, antique utensils, china, dish ware or statues that indicate the composition of the metal (like 14K and 18K).”

Then, for jewelry, Gold advises visiting a trusted gold buyer, like a jewelry store or pawn shop. “Prices offered per gram may vary drastically, so get multiple quotes before selling.” For gold antiques and heirlooms, an antique dealer can tell you if the items are more valuable sold as is. 

2. Fill your piggy bank with power tools

If you’re like most of us, you probably bought a pricey power tool to complete a home project, then never used it again. “It’s worth a look around to find it now,” says home improvement expert Tracey Amadio of PorchDaydreamer.com. “Sales of power tools like drills, laser levels and paint sprayers increase this time of year as contractors and DIYers gear up for their spring projects. Many look for used versions being sold by others, and if they’re in good condition, you can earn back about 50% to 60% of what you paid,” she says.

“Look on Facebook for a group for your neighborhood and post it there,” she advises. “I’ve sold more in my local Facebook neighborhood group than anywhere else!”

3. Vinyl records are comeback household valuables

Still have your original vinyl record collection? They’re making a comeback, with sales increasing for the past 16 years in a row. This is all thanks to music fans who appreciate the benefits that come from playing records, says Dillon Smith, owner of Noble Records in Matthews, North Carolina. “On average, they’re worth $5 to $20 each…the value depends on what the album is, if it’s an original or a reissue and its condition.”

To get an idea of your record’s worth, type its catalog ID (a series of letters and numbers found on an album’s back or spine) into the search bar at Discogs.com. You’ll see how much other people are selling theirs for. Then visit a record store where you’ll get a cash offer. Or, you can sell it on Discogs for a 9% fee per sale or eBay.com for $13.25% of the total sale plus 30 cents.

4. Get paid for unwanted electronics

Have smartphones, e-readers, tablets and smartwatches you’re no longer using taking up space in drawers and closets? “While newer and well-maintained devices will have higher resale values, older and not-so-gently-used electronics are still in high demand,” says Robert Nelson, a tech expert for electronics reselling marketplace Swappa.com. “The average selling price of an unlocked iPhone XR is around $200 and the average selling price of an unlocked Galaxy S9 is around $130,” he says. “That’s a pretty good return on mobile phones originally released in 2018.” You can list your devices on Swappa, which charges 3% of the asking price, or eBay.

Not sure if an item is valuable? Snap a pic of it with your phone. Then search on Google Images (click the camera icon in the search bar). You can easily see if it’s being sold online and an estimated worth.

5. Finding household valuables from old owners

You could find treasure that others left behind while poking around your home! Lots of folks have found valuables like antiques, artwork and coins hidden in attics, crawl spaces, under floorboards, above drop ceilings and behind false walls. And these items have sold for $1,000s. It’s wise to consult with a lawyer to determine ownership. But if you found it inside your own home and the original owner or their estate doesn’t claim it, you typically get to keep what you find.

The post These 5 Surprise Household Items Are Actually Valuable — And You Can Sell Them for Big Money appeared first on American Jewelry and Loan.

Discover Diverse Collections

With an ever-changing inventory ranging from vintage jewelry and unique collectibles to top-tier electronics and musical instruments, there’s always something new and exciting to be discovered. Your perfect, one-of-a-kind Valentine’s gift could be waiting just for you!

Authentic, Story-rich Finds

Our patriarch, Les Gold, is known for saying that our warehouse holds 50,000 stories because very item on our shelves has a tale. Whether it’s an antique jewelry piece or a vintage vinyl record, the inherent allure of these items adds a special touch to your Valentine’s gift that can’t be found anywhere else.

Exceptional Value

Why overspend on common gifts when you can find something truly unique and valuable for a fraction of the cost? At American Jewelry and Loan, we believe in providing exceptional value, ensuring you get the most out of your investment.

Effortless Shopping Experience

Our knowledgeable and welcoming staff is always ready to assist you in navigating our diverse inventory and finding the perfect gift. With us, shopping is always an enjoyable experience.

So, why wait? This Valentine’s Day, tell a story with a gift from Detroit’s most globally recognized pawnshop, American Jewelry and Loan. It’s not just a gift; it’s a tale waiting to be told.

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A Trusted Legacy 

American Jewelry and Loan is a trusted name, serving the Detroit community for decades. Established in 1978, this family-owned business has built a reputation for integrity, fairness, and exceptional customer service. 

A Diverse Selection of Authentic Brands 

Variety is key when it comes to finding that perfect gift. At American Jewelry and Loan, you can buy for everyone on your list under one roof. Imagine buying a beautiful set of 14kt diamond earrings for someone special, a complete system for the gamer on your list, a power tool for your DIYer, a guitar for the budding musician, a set of Cartier sunglasses for the fashionista, and an authentic luxury handbag, all in one stop! 

Every item at American Jewelry and Loan undergoes rigorous inspection and authentication. You can shop with confidence, knowing that you’re getting genuine, high-quality products at a fraction of the retail price.

Budget-Friendly Payment Plans 

In a season marked by generosity, American Jewelry and Loan understands the importance of offering budget-friendly options. They provide affordable alternatives to pricey gifts, ensuring you can spread holiday cheer without breaking the bank.

American Jewelry and Loan offers convenient layaway and financing plans that allow you to pay for purchases over time, making your holiday shopping stress-free.

Knowledgeable and Friendly Staff 

The friendly and knowledgeable staff at American Jewelry and Loan are always ready to assist you. Whether you need advice on selecting the perfect jewelry piece or want information about a particular gadget, their experts have you covered.

Expect a shopping experience tailored to your needs. American Jewelry and Loan takes pride in offering personalized service, ensuring you find gifts that resonate with your loved ones’ tastes and preferences.

Convenient Locations In Metro Detroit

American Jewelry and Loan provides easy access for shoppers from all over Metro Detroit. Whether in the city or the surrounding suburbs, it’s a convenient destination for your last-minute holiday shopping needs. Some of the inventory is also available online at pawndetroit.com. 

American Jewelry and Loan is your go-to destination for last-minute holiday shopping in Metro Detroit. With its trusted legacy, diverse selection, budget-friendly deals, expert guidance, and convenient location, it’s the perfect place to find that unique gift for your loved ones. Take advantage of a stress-free and enjoyable last-minute holiday shopping experience. Click here to find the location nearest you and discover why it’s Metro Detroit’s best-kept secret for holiday gift shopping.

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