Is it Better to Sell My Cartier Watch for Cash or Consign it?

If you have a Cartier watch that you've been wanting to sell, you've probably already done a bit of your research. This research may include you asking around. It can also be you typing "where to sell Cartier watch near me" on Google and scrolling through the results.

And in your journey, you've encountered maybe an ad or two about selling a Cartier watch for cash, which is what you'd expect, or to consign it. Now, what do these two options mean for you? If you're not in the jewelry selling space for long, you might not be aware of what 'consign' means.

In this article, we'll explain the difference between selling your Cartier watch for cash or consigning it. And a lot more insights you'd appreciate. Let's start!

Sell My Watch for Cash or Consign It: What's the Difference?

When you sell your Cartier watch for cash, you are giving it away to your chosen buyer in exchange for money right then and there.

You get the money immediately, but once the watch is sold, it’s no longer yours.

When you consign your watch, you give it to a store or business, and they try to sell it for you. You don't get money right away.

The store keeps the watch until it is sold, and then you get a portion of the money.

It might take longer, but you could get a better price because the store might sell it for more.

Sell My Cartier Watch for Cash: Pros and Cons

To determine whether this is the best option for you, we've outlined the pros and cons of this approach.

Pros

Quick Money

You go to a jewelry store or a certified Cartier buyer. Have your watch appraised. Negotiate the price. And get your money by the end of the day.

No Waiting

As soon as the transaction is complete, the watch is sold, and you get the money. You don’t have to worry about how long it will take to find a buyer or keep the watch in storage. It’s done.

Simple Process

The process is straightforward. You hand over the watch, get your cash, and that’s it. It’s a one-time, no-hassle deal. There’s no ongoing communication or follow-up needed.

Cons:

Lower Price

Selling quickly means you might get a price lower than if you had waited for the right buyer. Buyers may offer less money because they know you want to sell fast, so they may take advantage of the urgency. You may not get the full value of the watch.

Final Sale

Once you sell the watch, it’s gone. You won’t be able to change your mind or get it back later if you regret selling it. There’s no chance of reclaiming it once it’s been sold.

Limited Control Over Price

Depending on where or how you sell it, you might not have much control over the final price. If you sell it to a pawn shop or a resale business, they might offer you much less than what you think it's worth.

Of course, you can negotiate what price you're willing to sell it, but it is still up to the buyer if they want to meet your price. If not, you have to look for other places that will accept the price you have in mind.

Sell My Cartier Watch By Consigning: Pros and Cons

Now we will go to the process of consigning your Cartier watch. Like what we did in the previous section, we'll also outline the pros and cons of this approach:

Pros:

Potentially Higher Price:

Consignment shops usually sell watches at higher prices than what you might get from a quick sale. This is because they’re aiming to find buyers willing to pay more.

They might market your watch to people who are willing to pay a premium, which means you have a chance to get a better price than you would selling it for cash.

The Store Does the Work For You

If you don’t want to deal with finding a buyer yourself, consign your watch.

The consignment shop will handle the selling process for you. They'll do the advertising, negotiating, and all the paperwork. All you have to do is wait for their update.

No Immediate Pressure

You don’t have to sell quickly. You can wait until the right buyer comes along, which might give you the opportunity to get a better deal.

Get Your Watch Back If It Doesn’t Sell

If the watch doesn’t sell within a certain period, you can usually get it back.

The consignment shop will return the watch to you if it doesn't sell within a certain frame. You can then choose whether to try again or keep it to yourself.

Cons:

Takes Time

If you're in a hurry to get the money, don't consign your watch. This type of selling approach takes time. The waiting period also depends on the type of jewelry you're selling and its demand on the market.

In this process, you may end up waiting for weeks or even months for the right buyer to come along.

Commission Fees

Consignment shops take a percentage of the final sale price as their fee. This means that even if you have a higher price for your Cartier watch, you won't get the full amount.

Commission fees usually range from 10% up to 40&, depending on the shop and the price of your watch. Check the shop's commission fees first before choosing to consign so you don't get surprised later on when you don't get the amount you're expecting.

Uncertain Outcome

There’s no guarantee that your watch will sell at all, and even if it does, the process could take longer than you expect.

You may have to adjust your price or wait for a specific type of buyer to show interest.

What's the Best Place To Sell Cartier Watch Near Me?

Cartier watches are incredibly valuable. And you deserve only the best prices for it.

Sell Us Your Jewelry is Gray & Sons Jeweler's dedicated online purchasing platform for preowned jewelry and watches. We've been in the jewelry business since 1980, so we assure you'd get an expert appraisal for your Cartier watch when you choose to sell with us.

We have a straightforward and secure process for selling your Cartier watch. We offer a free quotation for your Cartier watch here. For more information about our process, you can visit our info page here or call us at 305 770 6955 for assistance.
 

Meet Claudine Faifer: Estate Jewelry & Sterling Silver Specialist

Meet Claudine Faifer an estate jewelry, watch and sterling silver specialist with a professional career spanning over 50 years, including an impressive 30 years career at Gray and Sons Jewelers, the premier destination for selling, buying, repairing and consigning luxury watches and estate jewelry… Read more of Claudine Faifer's History in Estate Jewelry