Gifts that pay off: fine jewelry you can sell for cash.
It’s the time of year when people try their hardest to give loved ones gifts that have lasting value.
Some companies sell jewelry for people interested in buying it as an investment. One is Menē Inc. MENEF, -3.12%, which crafts 24-karat gold and platinum jewelry. It defines “investment jewelry” as a store of value that can appreciate over time. “If you’re going to buy jewelry as an investment, be sure it’s something you’d enjoy keeping and potentially wearing,” said Adam Koos, president and portfolio manager at Libertas Wealth Management Group. “Worst case, if you can’t unload it, you’ve got something you can enjoy.”
If you decide to sell your jewelry, Menē will buy it back at the real-time value, less its 10% buyback fee, then melt it to make new jewelry. GoldSilver.com will offer a price close to the value of the pure metal in your jewelry, and sell it to a gold refiner who will melt it into bullion. The most obvious difference between a pair of earrings and gold bullion is that you can’t wear the latter. But treating jewelry as an investment can get tricky.
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