I often tell Members of the 31 Club that money in the antique and collectible world can be made with items smaller than a bread box. Besides not taking up too much space in your home until you get them sold, you won’t be faced with transporting these small treasures back and forth, which eats away at your time and erodes your profit. Snuff Boxes and Snuff Bottles certainly qualify as items smaller than a bread box, and they can be quite valuable. Today, I’ll focus mainly on snuff boxes.

Snuff, used for many centuries, is a tobacco that is ground into a very fine powder. It’s sniffed through the nose, tucked behind the lip, or tucked inside the cheek. It came in either a dry form or a moist form.

In Europe, in centuries gone by, the use of snuff was a very popular social ritual, mainly with the elite. Many a high society lady or gent would never leave home without their stylish snuff box and would often have several to choose from. They even had snuff boxes for every season. In China, snuff bottles were very popular, and the bottle stopper had a little pad on the inside of it. The process for use was the same.

In 19th Century America, some women might have smoked cigars in public for its shock value, however, there were far more ladies discreetly using snuff, which was perfectly acceptable. This was Women’s Lib 19th Century style, and it caught on.

Fast forward to the 21st Century and we find that anything to do with snuff has become highly collectible. If you find one for a collector, they’ll pay you handsomely, especially for the right one.

Snuff boxes can be made from almost any material. They were often made of antler, silver, wood, brass, gold, pewter and many others. They also can be a combination of several materials, artistically decorated. Most boxes were decorated with gold or silver, often with the owner’s initials engraved on them. Many were highly decorated, and of course, these are quite valuable. Let’s look at a few values in Kovel’s Price Guide to see if your eyebrows move a little north:

A 3” Gold Enamled Box of a Harbor Scene, c. 1830 valued at $17,250. If that’s too rich for your blood, how about a Metal, Gilt, Musical, engine-turned panels sized at four inches for $14,950. These must have been owned by a very special lady or gent.

$32,500.  That’s the price of the snuff box shown in Today’s Photo. Offered at M.S. Rau Antiques, this Swiss Enamel and Gold Snuff Box, circa 1740, looks like it contains a double ivory portrait,adding to its value. This is a real beauty. When you take a look at all their high end snuff boxes, you’ll have a better idea of the high quality, high end boxes out there.

Remember, we look for the higher end, rare items. As we work our way up the 31 Steps, our ever increasing knowledge of true quality and rarity will help us along the way. Please make every effort to attend antique shows in your area to see high quality items up close and face to face. The first goal is to be able to recognize quality when you see it.

But using snuff was not reserved for the high society folks. We regular folk used it too. I can still remember the way my Grandmother would quickly sniff a little, sneeze, and then hold her dainty handkerchief to her nose. As a child I often wondered why she would do this. Maybe to clear her nose, I thought.

Original, Sealed, U.S. Pressing of 1964 “Meet the Beatles” sold on eBay July 3, 2008 for $2,027.99

We’re in the car headed back to Chicago, and I must say, I am having a very hard time trying to type. So, today we have a Guest Blogger, my friend and 31 Club Member, Colin. Colin collects and trades in Music, and here’s his blog in his own words:

Music has been a transforming art form for thousands of years. Within this past decade alone, music has been listened to in so many different ways. Remember the old 45’s you used to spin in your living room or at the local dancehall? I’m sure half of you don’t! Artists would come out with vinyl LP’s that you could buy in the store for a dollar at best, and they would feature some 8 songs (You know, 8 tracks). Slowly we progressed to those cell phone-sized cassette tapes, where the music was played through a stereo instead of using a turntable with a needle. These lived a rather short lifespan, however, and for good reason. They broke easily (the tape would get stuck and tangled up in the machines), and finding a particular song on the tape was difficult as you had to fast forward to rewind through the long tape to find what you liked. For these reasons, cassette tapes are not, and were never, worth much, even when they later became obsolete.

Since the beginning of MTV in the early 80’s, we heard the famous saying, “Video killed the radio star” (the title of the first-ever music video). Music was no longer limited to the radio, but music videos became the norm, and it became unwritten law that artists needed to make a video to accompany their hit song as a new means of promotion. Around this time, CD’s hit the scene and slowly revolutionized the way we listen to music.

Music became digital and no longer did we need to worry about our cassette tapes getting tangled up in the stereo, or tearing our LP’s up with needles. Now we could just pop in a CD, not having to worry about rewinding or fast forwarding for an hour to find that one song we really liked! Songs were made as tracks, and with the touch of a button, we could find our favorite one! The only problem was, CD’s cost up to $15 a pop, and nearly all of them had maybe one or two good songs, and the rest were considered filler (basically songs that just were not good!). Only the best of the best made CD’s where most or all of the songs were consistently listenable. Putting such a dent in your pockets for only one or two songs hardly seemed worth it. Not only that, everyone had to re-purchase everything that they had on cassette or LP and get the CD version. The benefit of this caused many of the more obsolete vinyl records to become quite valuable, while other more common ones lost all value. It is really hit or miss with these, and the ones that are still sealed are definitely the ones that will bring in the most money.

With so many artists and bands, you really need to do your research to find records or artists that have value. A good start is going on eBay and looking up completed auctions for 12” records or LPs/vinyl, and seeing the most expensive items that were recently completed. Then you can go out on a hunt at used records stores or find other auctions on eBay that sell a huge lot of records at once (and see if you can find a hidden treasure in the lot). Garage sales and estate sales can be goldmines, as the common person has no clue which ones, if any, are worth anything.

Back to our history lesson– As we entered the new millennium, music again was completely revolutionized. With the development of the internet, the power was now all ours! MP3’s forced their way into the picture, and with the click of a button, you could have just about any song in existence through a simple download- for free! Artists got angered though because essentially, we were stealing their music and they lost whatever money they would have received from their greedy record companies. A new program called Itunes requires you to purchase a song for $1.00, so that artists do receive compensation for their work, as they deservingly should.

While CD’s are still in use, people are actually buying more blank CD’s. Now, why would you want to buy a CD that has nothing on it? Because now we could make our OWN CD’s- called mixtapes! We now can download any song we want, arrange them however we want and record them onto the disc, ending with a CD consisting of 15-20 songs that do not need to be skipped. Apple developed the ever-famous IPOD, where we can take all of those downloaded songs and store them on a device smaller than your wallet. Now you can’t walk down the street without seeing someone using an IPOD. In fact, I’m listening to mine right now! And you can sure bet, just as CD’s replaced records and cassettes, the IPOD and music on the Internet, is doing the same thing with CD’s.

How does this affect you? Well, I can tell you that I have made more than 3000% profit on CD’s that I have bought and resold.

Recently, I bought a CD on eBay for $10. Knowing what I was looking for, and knowing that the seller had no idea of the treasure that he had, there was an opportunity that could not be passed up! That $10 CD was soon sold on eBay the next week for $300. The original owner missed out on $290 just by misidentifying the CD.

The best thing that has worked for me is searching on eBay for “lots” where sellers sell a bundle of CD’s at one time. Most people do not take the time to search through all the CD’s in these lots, but if there is one in particular you are looking for that is worth a lot, by taking a couple minutes to read all of the titles in the lot, you sure can come across CD’s that will give you the bankroll to make even larger investments.

There are certain artists whose memorabilia and music is worth more than others- typically artists that recently passed away, or artists that are known to have an extremely loyal fanbase (the Rolling Stones, the Beatles, or more recent artists of our younger generation such as 2Pac, Bone Thugs-N-Harmony, or the Insane Clown Posse- believe it or not!). I have found that buying “promotional cd’s” (CD’s that were never intended for sale and were used as distributions to radio companies or at concerts to promote an upcoming album) and advance CD’s (another form of promotional CD given to radios and other people in the business) can often turn a profit. Getting these types of CD’s of artists who are new to the industry, and have not yet become popular can often turn a good profit once they do become huge. This is because their advance or promo CD’s are made in limited numbers because they have not built up the fame or respectability for the companies to heavily promote them.

If you have a good ear for music, you just might be able to catch the next big star before they blow up big– if you do, get your hand on these CD’s while they are still available! Do your research and you can make yourself a very nice profit!

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Check out the new Paintings and new items in our Gallery and Marketplace here.

“Casablanca” movie poster sold for $23,000 in March of 2006 through Heritage Auction Galleries (http://www.ha.com/)

What is the true value of an item? This is the most important question that can be answered for you in the Antique, Collectible and Fine Art business. Being able to understand what creates an item’s value will save you unlimited pain and loss in the future.

There are many areas within the collectible business and several of these areas you will want to avoid at all cost. So, before you get started, you’ll want to scratch them from your want list because they will likely not create profit for you, regardless of their price.

Franklin Mint items are tops on the list. I once saw a young man with Franklin Mint collectibles that he had paid over $30,000 for turn around and sell them to a dealer at $1500 – and the dealer still lost money. This is also true of the collector plates, most often sold on the Bradford exchange. Today, these plates are listed at ten cents on the dollar of their original selling price.

I’ve had to learn some valuable lessons in these area myself. I once attended a large auction in Louisville, and I couldn’t help myself when a set of twelve plates came to the block. I had researched them and found they had originally sold for $3,600. I won the plates with my bid of $400, and I was sure I had found a treasure that day. I kept them for many years, and after moving to Chicago, I thought I’d test the water on my great buy, so I listed them at a local auction. They sold for only $300. The only way I could justify my $100 loss was to tell myself that at least I hadn’t lost as much as the first buyer.

Another market that hasn’t done so well for me is the Movie Poster Market. You can look in the Kovel’s price guide for Movie Posters and find prices for many posters as high as $5,000 or more. However, I am very familiar with prices that reach tens of thousands and even hundreds of thousands for the most rare posters. Heritage Auction Galleries auctions movie posters and recently, a Bride of Frankenstein poster sold in the high 300,000’s. The movie poster market is a very controlled market, and a poster getting anywhere near the posted price is nearly impossible. Go to any dealer that specializes in Movie Posters and ask the price for a rather rare one they are showing. Return later to the booth and tell them you have one of those posters, and I will almost guarantee you they won’t give you a price. I do think that some movie posters are wonderful, but we are in the business of making money. If you buy something and can’t sell it at a reasonable price, then you must go on to the next item.

For the consumer, Galleries selling works of unlisted artists might be the most unfair market that I know of. There isn’t ever a secondary market for this type of art work that I can find, and after it’s bought, the paintings will only have a value similar to other decorative art items.

I once was call to a house by a woman who needed money for a surgery. She showed me a painting that her father-in-law had gifted to them, having paid over $18,000 for the painting at the time. Many phone calls later to auction houses and galleries, I was finally able to sell it for $1,000 to a buyer. (He did me a personal favor by buying it.) If the artist isn’t listed or the painting doesn’t have a record of its history, pass on it and go to the next item.

The final area of items to stay away from is Limited Prints. If the prints aren’t signed by the artist, I have no interest in them. Unsigned prints are a dime a dozen and are to be avoided at all cost. The framing will be more valuable usually than the print. Signed prints are a different story. Most of the prints you find will be signed within the print. But, what you’re looking for is where they have been signed after the print has been produced. So on most of these they will have a double signature and usually one will be in pencil.

While you’re on the lookout for valuable antique and collectible treasure, keep these three words in mind: Secondary, Secondary, and Secondary. I repeat it three times so you’ll not forget it – ever. If there’s an item you are considering and you don’t know if there is a secondary market for it, let someone else have it and save your money for a better buy.

Join with like-minded 31 Club Members and put a turbo charge on your treasure hunting skills. Get FREE Mentoring. Learn Inside the Industry Secrets. Learn to make high profits and continue to grow your money buying and selling antiques, fine art, and collectibles. My 220 page book, 31 Steps to Your Millions in Antiques & Collectibles is FREE with your membership. The book is also available on Amazon.com. If you buy the book on Amazon, then the membership is FREE.

How many people have you told this week you’re in the Antique, Fine Art and Collectibles business? If that number isn’t 25 or more, what are you waiting for? This is your future. Auctions and house sales are wonderful places to find treasure, but they don’t compare with a lead from a personal contact.

I’ve had people call me five years after my first contact with them. Because I was still in business, they felt I could be trusted. There is no better feeling in the world when your phone rings and the person on the other end of the line says something like, ”Hello Daryle, I’m Jane. Anne said that I should call you, because I have some things to sell you might be interested in.” There’s a couple things going on in receiving this call. First you have a great friend in Anne. Second, Jane now trusts you because of Anne. This type of relationship will be where your true success will come from.

I just received a large box in the mail from a person I’ve done business with before, and you won’t believe this. It was stuffed full with Indian artifacts. These included three Kachina’s, two Apache arrows, six or eight pieces of bead work, two pieces of pottery (one a black on black pot), and some very nice coins including fifteen 1922 D pennies in near mint condition. So why did he send them to me? He trusted me. They were sent without discussing any price, knowing that I would be fair with him and know the value of these items. NO COMPETITION and NO TRAVEL TIME TO EVALUATE THE ITEMS. What could be better than this? So look for these in the future in our marketplace.

The best advertising you will ever have, is when you tell someone that you are in this business. And it’s free. You won’t be getting that dreaded invoice in the mail. How many times have I had to pay a bill for advertising that was over $200 or and I didn’t get a single response, let alone make enough money to pay for the ad. If you tell 1,000 people a year that you’re in the Antique and Fine Art business, it could easily be worth over $100,000 a year to you. Now that is something to think about.

People today are very leery of Antique Dealers in general, so if you can build a reputation for being honest, and have others recommend you, this will sit you at the head of the class in this field. People are looking for trustworthy people in their time of need. They might be retiring, have an estate to settle, have children entering college, or simply want to reduce their debt. There are so many wolves in sheep’s clothing out there in the world today, and this is when you can be the trustworthy person that they’re looking for. So don’t forget we operate by the Golden Rule: “Do unto others as you would have them do unto you.”

I hope a box full of treasures comes to you in the mail sometime soon, however it will only arrive if you tell others you are in the business. Make sure you go through all your boxes of business cards and have to order more. Set a daily goal for yourself. Will you tell 2 people, 10 people or 15 people a day. How many people do you want to have told by the end of the week? Does your mailman know you are in the business? Does your doctor? When your cable guy comes to make a repair, will he know what business you’re in? How about all the parents at your son’s baseball game? Do they know? Make certain each person you speak with gets your card. Do this consistently, and one day you just might get a box of treasure delivered to your own front door.

Join with like-minded 31 Club Members and put a turbo charge on your treasure hunting skills. Get FREE Mentoring. Learn Inside the Industry Secrets. Learn to make high profits and continue to grow your money buying and selling antiques, fine art, and collectibles. My 220 page book, 31 Steps to Your Millions in Antiques & Collectibles is FREE with your membership. The book is also available on Amazon.com. If you buy the book on Amazon, then the membership is FREE.

What an exciting time this is in the life of the 31 Club. I’ve been invited to do the Auctionwally BlogTalkRadio program on Monday, May 12th at 8PM EST. Auctionwally, a.k.a. Walt Kolenda, will interview me, and some of you will hear the many stories you’ve sent in to me and spoken to me about over the phone told to an Internet audience. An hour and a half of questions and answers about how we are turning the antique and collectibles industry on its head will be in store for you when you tune in. Anyone can call into the show and ask questions, so be sure to participate with us by calling 1-646-378-1561. Walt is a licensed auctioneer with 25 years in the antiques/auction business, as well as a Powerseller on eBay.

After getting the endorsement for our book, “31 Steps to Your Millions in Antiques & Collectibles” from Skip McGrath, perhaps the best known authority on eBay, things have escalated at lightening speed. You can find Skip’s eBay Instruction Products on our website, and I can assure you,if you use any of them, your business will benefit tremendously.

The Auctionwally radio program will expose our business approach to the antiques, collectible and fine art industries and how it can change lives. The vision we formed less than a year ago is now taking shape. It will require super strength by all, including our members, to reach the finish line, but I have no doubts we will. The stories of treasure found and sold according to our plan can make this venture something we will be telling our children about. Each time I receive an e-mail or a phone call from one of our members, I feel your excitement and have confidence that the principles I teach will work for you when applied. Keep the phone calls coming.

Jeremy and Cindy are busy at work reconstructing our site, and they ask you to send in any suggestions or ideas you have. They are eager to hear what our members think and want. I would be remiss if I didn’t give thanks where thanks is due. I prayed that if this plan that I envisioned wasn’t from Him, then I wanted it to fail. But, if it was of Him, that he would place his blessing on it. God has shown that this is truly a way in which people’s lives can be changed while, at the same time, help many families in these days of economic stress.

I WILL BE OUT OF TOWN VISITING MY SON IN BALTIMORE TODAY THROUGH SUNDAY. THE BLOG WILL CONTINUE WHILE I’M AWAY BUT PHONE CALLS AND E-MAIL WILL BE ANSWERED ON MONDAY.

Join with like-minded 31 Club Members and put a turbo charge on your treasure hunting skills. Get FREE Mentoring. Learn Inside the Industry Secrets. Learn to make high profits and continue to grow your money buying and selling antiques, fine art, and collectibles. My 220 page book, 31 Steps to Your Millions in Antiques & Collectibles is FREE with your membership. The book is also available on Amazon.com. If you buy the book on Amazon, then the membership is FREE.

Take a look at our Gallery of Fine Art Paintings by Listed Artists, here.

Uncut Diamond, the Sierra Leonean Giant Sefadu, was found in 1970 weighing in at 620 carats. Photo from BBC News

Last week, I had the opportunity to buy some nice resale jewelry, some for trade and a few pieces for my wife. There is wonderful money to be made from buying and selling resale jewelry, but you must have an iron will and a few set rules when buying resale jewelry.

I have never been offered great items at reasonable prices, so there has to be a lot of negotiating before you find a bargain. Since you likely aren’t a gemologist, you will be guessing as to size, color, and quality of the stones mounted in that ring, broach or necklace. Even if the piece comes with an appraisal, be skeptical. These can be easily made.

The content of the metal mounting is one thing that helps to reassure you of quality. If it is 24 carat gold, there is a much better chance the stones are real, and the same can be said about a platinum mounting. Once you get down to 10 carat gold, these pieces might very well have artificial or semi precious stones.

The rule I use goes like this: I know what the gold or platinum is worth, and usually the offer I make is never more than twice the price I can get for the metal in the mounting. This way, I seldom get hurt, and often I end up with a bargain. Jewelry is one area that you should never feel guilty about your offer. To give you an example of what I’m talking about, I was once offered a tennis bracelet by a woman who showed me the receipt from when she bought it. She paid $3,500. Knowing the gold was worth close to $600, I offered her that, and she accepted it. To this day I don’t know what it’s worth, because I gave it to my wife. However, I do feel safe in saying that at today’s metals prices, I could at least double my money should I decide to sell it.

I’ve previously written a Blog about my friend Warner, who purchased a 24K designer gold watch for $200. One of the reasons he was able to do this was because it didn’t say 24K, but instead had a mark from France that indicated this was 24K gold. Today, this watch might bring as much as $10,000.

My grandfather was originally from Cuba, and when he came to this country he worked for the L & N Railroad all his life. Once when he was traveling though Kentucky, he stopped at our house, and before he left, he handed my mother three large stones that looked like common rocks. He told her they were diamonds. My mother stashed these away in a safe place for many years.

After my Grandfather’s death, my Dad suggested they check out whether or not these rocks were really diamonds. Louisville was the only city large enough to get this information, so off they went.

They shared the story with a store manager in Louisville and asked if they would be willing to cut the largest stone they could from one of the rocks. The store manager agreed to do that, so they left the rocks in his possession and returned home.

They soon received a letter stating that the diamond had been cut, so they returned to Louisville to a very suspicious and inquisitive greeting. Two men started to question my parents about the rocks, but after a lengthy period of time informed them that yes, the rocks were indeed diamonds, probably from Arkansas. The rock they were able to cut turned out to be about the size of a nickel, perhaps larger on its crown.

The manager handed them the bill for the work they’d done and told my folks that if they would allow the shop to keep the cuttings from this rock, they wouldn’t have to pay for the work. Being young and not having to pay out any money sounded like a good idea to them, so a deal was struck. They took their stone and other rocks home.
There is a sad chapter to this story, however. Over the many years and numerous moves, the other two rocks were lost. Boy, would I like to speak to my Grandfather and get the full story about where these stones came from and how they ended up in his possession.

The reason that I share this story with you is to state that everything that sparkles may not be a diamond, but everything that doesn’t sparkle may be a diamond in the rough.

Don’t just follow the daily Blog. Join with like-minded 31 Club Members and put a turbo charge on your treasure hunting skills. Get FREE Mentoring. Learn Inside the Industry Secrets. Learn to make high profits and continue to grow your money buying and selling antiques, fine art, and collectibles. My 220 page book, 31 Steps to Your Millions in Antiques & Collectibles is FREE with your membership. The book is also available on Amazon.com. If you buy the book on Amazon, then the membership is FREE.

Visit our Website, here.>

Uncut Diamond, the Sierra Leonean Giant Sefadu, was found in 1970 weighing in at 620 carats. Photo from BBC News

Last week, I had the opportunity to buy some nice resale jewelry, some for trade and a few pieces for my wife. There is wonderful money to be made from buying and selling resale jewelry, but you must have an iron will and a few set rules when buying resale jewelry.

I have never been offered great items at reasonable prices, so there has to be a lot of negotiating before you find a bargain. Since you likely aren’t a gemologist, you will be guessing as to size, color, and quality of the stones mounted in that ring, broach or necklace. Even if the piece comes with an appraisal, be skeptical. These can be easily made.

The content of the metal mounting is one thing that helps to reassure you of quality. If it is 24 carat gold, there is a much better chance the stones are real, and the same can be said about a platinum mounting. Once you get down to 10 carat gold, these pieces might very well have artificial or semi precious stones.

The rule I use goes like this: I know what the gold or platinum is worth, and usually the offer I make is never more than twice the price I can get for the metal in the mounting. This way, I seldom get hurt, and often I end up with a bargain. Jewelry is one area that you should never feel guilty about your offer. To give you an example of what I’m talking about, I was once offered a tennis bracelet by a woman who showed me the receipt from when she bought it. She paid $3,500. Knowing the gold was worth close to $600, I offered her that, and she accepted it. To this day I don’t know what it’s worth, because I gave it to my wife. However, I do feel safe in saying that at today’s metals prices, I could at least double my money should I decide to sell it.

I’ve previously written a Blog about my friend Warner, who purchased a 24K designer gold watch for $200. One of the reasons he was able to do this was because it didn’t say 24K, but instead had a mark from France that indicated this was 24K gold. Today, this watch might bring as much as $10,000.

My grandfather was originally from Cuba, and when he came to this country he worked for the L & N Railroad all his life. Once when he was traveling though Kentucky, he stopped at our house, and before he left, he handed my mother three large stones that looked like common rocks. He told her they were diamonds. My mother stashed these away in a safe place for many years.

After my Grandfather’s death, my Dad suggested they check out whether or not these rocks were really diamonds. Louisville was the only city large enough to get this information, so off they went.

They shared the story with a store manager in Louisville and asked if they would be willing to cut the largest stone they could from one of the rocks. The store manager agreed to do that, so they left the rocks in his possession and returned home.

They soon received a letter stating that the diamond had been cut, so they returned to Louisville to a very suspicious and inquisitive greeting. Two men started to question my parents about the rocks, but after a lengthy period of time informed them that yes, the rocks were indeed diamonds, probably from Arkansas. The rock they were able to cut turned out to be about the size of a nickel, perhaps larger on its crown.

The manager handed them the bill for the work they’d done and told my folks that if they would allow the shop to keep the cuttings from this rock, they wouldn’t have to pay for the work. Being young and not having to pay out any money sounded like a good idea to them, so a deal was struck. They took their stone and other rocks home.
There is a sad chapter to this story, however. Over the many years and numerous moves, the other two rocks were lost. Boy, would I like to speak to my Grandfather and get the full story about where these stones came from and how they ended up in his possession.

The reason that I share this story with you is to state that everything that sparkles may not be a diamond, but everything that doesn’t sparkle may be a diamond in the rough.

Don’t just follow the daily Blog. Join with like-minded 31 Club Members and put a turbo charge on your treasure hunting skills. Get FREE Mentoring. Learn Inside the Industry Secrets. Learn to make high profits and continue to grow your money buying and selling antiques, fine art, and collectibles. My 220 page book, 31 Steps to Your Millions in Antiques & Collectibles is FREE with your membership. The book is also available on Amazon.com. If you buy the book on Amazon, then the membership is FREE.

Visit our Website, here.>

Uncut Diamond, the Sierra Leonean Giant Sefadu, was found in 1970 weighing in at 620 carats. Photo from BBC News

Last week, I had the opportunity to buy some nice resale jewelry, some for trade and a few pieces for my wife. There is wonderful money to be made from buying and selling resale jewelry, but you must have an iron will and a few set rules when buying resale jewelry.

I have never been offered great items at reasonable prices, so there has to be a lot of negotiating before you find a bargain. Since you likely aren’t a gemologist, you will be guessing as to size, color, and quality of the stones mounted in that ring, broach or necklace. Even if the piece comes with an appraisal, be skeptical. These can be easily made.

The content of the metal mounting is one thing that helps to reassure you of quality. If it is 24 carat gold, there is a much better chance the stones are real, and the same can be said about a platinum mounting. Once you get down to 10 carat gold, these pieces might very well have artificial or semi precious stones.

The rule I use goes like this: I know what the gold or platinum is worth, and usually the offer I make is never more than twice the price I can get for the metal in the mounting. This way, I seldom get hurt, and often I end up with a bargain. Jewelry is one area that you should never feel guilty about your offer. To give you an example of what I’m talking about, I was once offered a tennis bracelet by a woman who showed me the receipt from when she bought it. She paid $3,500. Knowing the gold was worth close to $600, I offered her that, and she accepted it. To this day I don’t know what it’s worth, because I gave it to my wife. However, I do feel safe in saying that at today’s metals prices, I could at least double my money should I decide to sell it.

I’ve previously written a Blog about my friend Warner, who purchased a 24K designer gold watch for $200. One of the reasons he was able to do this was because it didn’t say 24K, but instead had a mark from France that indicated this was 24K gold. Today, this watch might bring as much as $10,000.

My grandfather was originally from Cuba, and when he came to this country he worked for the L & N Railroad all his life. Once when he was traveling though Kentucky, he stopped at our house, and before he left, he handed my mother three large stones that looked like common rocks. He told her they were diamonds. My mother stashed these away in a safe place for many years.

After my Grandfather’s death, my Dad suggested they check out whether or not these rocks were really diamonds. Louisville was the only city large enough to get this information, so off they went.

They shared the story with a store manager in Louisville and asked if they would be willing to cut the largest stone they could from one of the rocks. The store manager agreed to do that, so they left the rocks in his possession and returned home.

They soon received a letter stating that the diamond had been cut, so they returned to Louisville to a very suspicious and inquisitive greeting. Two men started to question my parents about the rocks, but after a lengthy period of time informed them that yes, the rocks were indeed diamonds, probably from Arkansas. The rock they were able to cut turned out to be about the size of a nickel, perhaps larger on its crown.

The manager handed them the bill for the work they’d done and told my folks that if they would allow the shop to keep the cuttings from this rock, they wouldn’t have to pay for the work. Being young and not having to pay out any money sounded like a good idea to them, so a deal was struck. They took their stone and other rocks home.
There is a sad chapter to this story, however. Over the many years and numerous moves, the other two rocks were lost. Boy, would I like to speak to my Grandfather and get the full story about where these stones came from and how they ended up in his possession.

The reason that I share this story with you is to state that everything that sparkles may not be a diamond, but everything that doesn’t sparkle may be a diamond in the rough.

Don’t just follow the daily Blog. Join with like-minded 31 Club Members and put a turbo charge on your treasure hunting skills. Get FREE Mentoring. Learn Inside the Industry Secrets. Learn to make high profits and continue to grow your money buying and selling antiques, fine art, and collectibles. My 220 page book, 31 Steps to Your Millions in Antiques & Collectibles is FREE with your membership. The book is also available on Amazon.com. If you buy the book on Amazon, then the membership is FREE.

Visit our Website, here.>

Uncut Diamond, the Sierra Leonean Giant Sefadu, was found in 1970 weighing in at 620 carats. Photo from BBC News

Last week, I had the opportunity to buy some nice resale jewelry, some for trade and a few pieces for my wife. There is wonderful money to be made from buying and selling resale jewelry, but you must have an iron will and a few set rules when buying resale jewelry.

I have never been offered great items at reasonable prices, so there has to be a lot of negotiating before you find a bargain. Since you likely aren’t a gemologist, you will be guessing as to size, color, and quality of the stones mounted in that ring, broach or necklace. Even if the piece comes with an appraisal, be skeptical. These can be easily made.

The content of the metal mounting is one thing that helps to reassure you of quality. If it is 24 carat gold, there is a much better chance the stones are real, and the same can be said about a platinum mounting. Once you get down to 10 carat gold, these pieces might very well have artificial or semi precious stones.

The rule I use goes like this: I know what the gold or platinum is worth, and usually the offer I make is never more than twice the price I can get for the metal in the mounting. This way, I seldom get hurt, and often I end up with a bargain. Jewelry is one area that you should never feel guilty about your offer. To give you an example of what I’m talking about, I was once offered a tennis bracelet by a woman who showed me the receipt from when she bought it. She paid $3,500. Knowing the gold was worth close to $600, I offered her that, and she accepted it. To this day I don’t know what it’s worth, because I gave it to my wife. However, I do feel safe in saying that at today’s metals prices, I could at least double my money should I decide to sell it.

I’ve previously written a Blog about my friend Warner, who purchased a 24K designer gold watch for $200. One of the reasons he was able to do this was because it didn’t say 24K, but instead had a mark from France that indicated this was 24K gold. Today, this watch might bring as much as $10,000.

My grandfather was originally from Cuba, and when he came to this country he worked for the L & N Railroad all his life. Once when he was traveling though Kentucky, he stopped at our house, and before he left, he handed my mother three large stones that looked like common rocks. He told her they were diamonds. My mother stashed these away in a safe place for many years.

After my Grandfather’s death, my Dad suggested they check out whether or not these rocks were really diamonds. Louisville was the only city large enough to get this information, so off they went.

They shared the story with a store manager in Louisville and asked if they would be willing to cut the largest stone they could from one of the rocks. The store manager agreed to do that, so they left the rocks in his possession and returned home.

They soon received a letter stating that the diamond had been cut, so they returned to Louisville to a very suspicious and inquisitive greeting. Two men started to question my parents about the rocks, but after a lengthy period of time informed them that yes, the rocks were indeed diamonds, probably from Arkansas. The rock they were able to cut turned out to be about the size of a nickel, perhaps larger on its crown.

The manager handed them the bill for the work they’d done and told my folks that if they would allow the shop to keep the cuttings from this rock, they wouldn’t have to pay for the work. Being young and not having to pay out any money sounded like a good idea to them, so a deal was struck. They took their stone and other rocks home.
There is a sad chapter to this story, however. Over the many years and numerous moves, the other two rocks were lost. Boy, would I like to speak to my Grandfather and get the full story about where these stones came from and how they ended up in his possession.

The reason that I share this story with you is to state that everything that sparkles may not be a diamond, but everything that doesn’t sparkle may be a diamond in the rough.

Don’t just follow the daily Blog. Join with like-minded 31 Club Members and put a turbo charge on your treasure hunting skills. Get FREE Mentoring. Learn Inside the Industry Secrets. Learn to make high profits and continue to grow your money buying and selling antiques, fine art, and collectibles. My 220 page book, 31 Steps to Your Millions in Antiques & Collectibles is FREE with your membership. The book is also available on Amazon.com. If you buy the book on Amazon, then the membership is FREE.

Visit our Website, here.>

Uncut Diamond, the Sierra Leonean Giant Sefadu, was found in 1970 weighing in at 620 carats. Photo from BBC News

Last week, I had the opportunity to buy some nice resale jewelry, some for trade and a few pieces for my wife. There is wonderful money to be made from buying and selling resale jewelry, but you must have an iron will and a few set rules when buying resale jewelry.

I have never been offered great items at reasonable prices, so there has to be a lot of negotiating before you find a bargain. Since you likely aren’t a gemologist, you will be guessing as to size, color, and quality of the stones mounted in that ring, broach or necklace. Even if the piece comes with an appraisal, be skeptical. These can be easily made.

The content of the metal mounting is one thing that helps to reassure you of quality. If it is 24 carat gold, there is a much better chance the stones are real, and the same can be said about a platinum mounting. Once you get down to 10 carat gold, these pieces might very well have artificial or semi precious stones.

The rule I use goes like this: I know what the gold or platinum is worth, and usually the offer I make is never more than twice the price I can get for the metal in the mounting. This way, I seldom get hurt, and often I end up with a bargain. Jewelry is one area that you should never feel guilty about your offer. To give you an example of what I’m talking about, I was once offered a tennis bracelet by a woman who showed me the receipt from when she bought it. She paid $3,500. Knowing the gold was worth close to $600, I offered her that, and she accepted it. To this day I don’t know what it’s worth, because I gave it to my wife. However, I do feel safe in saying that at today’s metals prices, I could at least double my money should I decide to sell it.

I’ve previously written a Blog about my friend Warner, who purchased a 24K designer gold watch for $200. One of the reasons he was able to do this was because it didn’t say 24K, but instead had a mark from France that indicated this was 24K gold. Today, this watch might bring as much as $10,000.

My grandfather was originally from Cuba, and when he came to this country he worked for the L & N Railroad all his life. Once when he was traveling though Kentucky, he stopped at our house, and before he left, he handed my mother three large stones that looked like common rocks. He told her they were diamonds. My mother stashed these away in a safe place for many years.

After my Grandfather’s death, my Dad suggested they check out whether or not these rocks were really diamonds. Louisville was the only city large enough to get this information, so off they went.

They shared the story with a store manager in Louisville and asked if they would be willing to cut the largest stone they could from one of the rocks. The store manager agreed to do that, so they left the rocks in his possession and returned home.

They soon received a letter stating that the diamond had been cut, so they returned to Louisville to a very suspicious and inquisitive greeting. Two men started to question my parents about the rocks, but after a lengthy period of time informed them that yes, the rocks were indeed diamonds, probably from Arkansas. The rock they were able to cut turned out to be about the size of a nickel, perhaps larger on its crown.

The manager handed them the bill for the work they’d done and told my folks that if they would allow the shop to keep the cuttings from this rock, they wouldn’t have to pay for the work. Being young and not having to pay out any money sounded like a good idea to them, so a deal was struck. They took their stone and other rocks home.
There is a sad chapter to this story, however. Over the many years and numerous moves, the other two rocks were lost. Boy, would I like to speak to my Grandfather and get the full story about where these stones came from and how they ended up in his possession.

The reason that I share this story with you is to state that everything that sparkles may not be a diamond, but everything that doesn’t sparkle may be a diamond in the rough.

Don’t just follow the daily Blog. Join with like-minded 31 Club Members and put a turbo charge on your treasure hunting skills. Get FREE Mentoring. Learn Inside the Industry Secrets. Learn to make high profits and continue to grow your money buying and selling antiques, fine art, and collectibles. My 220 page book, 31 Steps to Your Millions in Antiques & Collectibles is FREE with your membership. The book is also available on Amazon.com. If you buy the book on Amazon, then the membership is FREE.

Visit our Website, here.>