selling a jewelry item
Is it a good idea to enclose a photo of the receipt I have for the purchase of an item I'm going to list? It's a high end piece of jewelry so I was thinking it would help justify the price I'm asking ? Thank you.
3 comments
Is it a good idea to enclose a photo of the receipt I have for the purchase of an item I'm going to list? It's a high end piece of jewelry so I was thinking it would help justify the price I'm asking ? Thank you.
idealgems1
·3 years agoI can see where @ajs_coins_and_alchemy is coming from and indeed the receipt might be irrelevant. But then again it might not be. It might at least it is some bit of evidence that it is a good piece that came from a reputable store.
Someone might look at the receipt and think, "this person got their face ripped off". But it might also indicate that you are not a total scammer. Keep in mind also that a buyer is looking for a bargain and will likely not pay anywhere near what you paid!
ajs_coins_and_alchemy
·3 years agoAgreed. I originally drafted a reply that included a section about this but I guess I left it out in my final draft.
Originally I meant to include "The receipt may be good info to prove origin of the item". (Bought it at a high end retailer -- its a legit piece).
That's why I made a point to say "It may be good info, but I disagree on using it as justification of asking price"
ajs_coins_and_alchemy
·3 years agoMy personal feelings are no, because in my opinion, I don't care what anyone paid for a given item, because what you paid so-and-so on such-and-such date for this item... well, you probably bought it new, it's no longer new. It was probably a retailer, which I'm guessing you're not. And this was in the past so values may have gone up or down or stayed the same.
I sold a gold bracelet on consignment this past year. My grandma originally bought it for like $300. I sold it for $700. Should I have used the $300 receipt to justify my $700 sale? (Gold has gone up SIGNIFICANTLY since she purchased it originally).
I am a coin seller. I sell some coins that were purchased 20yrs ago for probably $20-$30 and they are only worth $10 now. So should I use a $20-$30 receipt to justify my $10 ask price? Because no one in their right mind pays more than $10 today. So what would the point of that be?
The condition of your item has likely changed (used, worn, pre-owned, new without tags, whatever). You're not Tiffany & Co, Kay Jewelers, Zales Diamonds, Macy's or any retailer that sells jewelry and commands a premium. Time has passed and the market value of precious metal has changed.
Did the value go up? Down? Stay the same? The original purchase price shouldn't be required to justify your ask price.
It's potentially good info to provide, but I at minimum disagree with justification