Cont.

Letting Go Of Past Possessions

By Evelyn Preston, Money Lady

Q: What flyer stood out so strongly that I considered moving forward?


A stiff, large-print, tri-color promise of…“We are BUYING…Rare Coins, Gold, Silver, Estate Jewelry, Vintage Watches, Diamonds—2 Days Only—and nearby.


Included were categorized lists of individual items…for up to…Big Dollars! I owned pieces in several and relished the extra of free appraisals; I had every reason to act.


Q: How did I know this wasn’t a scam to low ball (steal) my inherited silver and jewelry that had been stashed away unused and unwanted for so many years? Yet how else was I going to get rid of all these quasi-valuables clogging my house and my mind? Kids? A resounding NO!


I could try to sell my dubious treasures on eBay and other online venues. I’d written about consignment stores and a high fashion reseller right here in Palo Alto, CA.


My stuff was old-fashioned. Searching online, my daughter learned that fancy dishes and dated diamonds were no longer in vogue, in demand nor worth all the trouble. Think hours of computer searches, packaging, mailing, long-distance payments…not for me!


Q: What got me to actually “go for it?”



Time, conscience, laziness and a phone call. I constantly advise others to organize their money lives and that includes their possessions as well as mutual funds and insurance—I owed this to my family and my readers. It seemed easy. I called the 800 number.


Q: Did I get useful information on the phone or just a ‘boiler room” of salespeople?


I spoke to Steve, a deep-voiced font of facts who allayed my suspicions, answered my questions and proved patient and professional.


Q: How did I prepare and choose what I hoped to sell?


I rummaged through old sets of flatware. With the help of a magnifying glass, I discovered a lot more silverplate than sterling—all the ad noted as salable.


At least “Do not clean your silver” raised my spirits and organizing the rest raised extra space. I chose some place settings and gem-studded jewelry though I kept a few favorites to pass on. I added a lovely antique broach for the free appraisal and decided to wear my mother’s diamond wedding band. Why not?


Q: Was the experience worth the effort, the trip, the amount received?


More than…I gave my name to the sheriff (with gun) at the door to a local hotel’s meeting room and sat across from Wayne, one of the two experts. Scales, catalogues, locked money boxes were all stacked on their side of a long table.


We shook hands and sorted through my riches. Wayne appraised, weighed, consulted lists and totted up numbers, all while answering my barrage of questions.


Q: What did I learn?



Knives aren’t weighed due to stainless blades and filled cores; diamonds are counted and classified via the eye loup; this 50-year-old business has its own gold smelter but platinum needs outside processing due to its high temp heat melt.


What would happen to my small, thin, mostly diamond chip wristwatch (as far from an Apple watch as a sundial!)


“Probably just have to sit on it,” Wayne said with a sigh; “then maybe tear it apart for the platinum. I’ll give you $350.”


Q: Why was the experience so useful and enjoyable?


Comfort level! “Knowledge is power,” Steve had explained. “We help reluctant sellers better understand the market through explanations, official information and our long experience so they can make informed decisions.”


Wayne used client tales to illustrate specific vagaries of the business. Above all, he helped me realize that tastes, values and times change. And as long as we’re letting go of past possessions, we might as well make it worthwhile. And fun!


Evelyn (Evie) Preston is a financial columnist for A050 and worked as a financial advisor for over 25 years. Reach her at [email protected].


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