Local guide · Florida

Sell Your Jewelry in Miami, FL

Q: What is dollar-cost averaging in precious metals?

Not relevant to selling, but relevant to timing: gold prices fluctuate daily. If you have flexibility, watch the spot price for a week before selling. Reputable buyers in Miami will quote based on current spot, so a 2% rise in gold means a 2% rise in your offer for gold-content pieces.

Q: Are mail-in gold buyers in Florida scams?

Some are. The reputable ones (Cash for Gold USA, Express Gold Cash, GoldFellow) operate under state licenses with publicly disclosed prices and free insured shipping. The scams use unsolicited TV ads, hide their location, and pay 30–50% below market. Always verify a precious-metal-dealer license number on the state regulator’s website before mailing.

Q: How long does Worthy take to pay after I ship?

Typical timeline: shipping kit arrives 2–3 days after request. You ship via FedEx (insured by Worthy). Evaluation takes 1–3 business days. Live auction runs for 24–72 hours. Payment by bank transfer within 48 hours of auction close. End-to-end: 7–10 calendar days from request to payment. Faster than auction houses, slower than walk-in.

Q: Does the IRS know if I sell jewelry in Florida?

For most personal jewelry sales, no — only sales above specific bullion thresholds (25+ oz of gold, 1000+ oz of silver) trigger automatic 1099-B reporting from the dealer. However, you are required to self-report capital gains on your federal tax return if you sold for more than your cost basis. Inherited jewelry uses fair market value at the date of inheritance as the cost basis.

Q: Can I sell jewelry I inherited in Miami without an estate executor?

Generally yes, once probate has closed and the piece is your personal property. Buyers may ask for a copy of the closing statement or bill of sale from the executor for pieces over $5,000. Inherited jewelry uses the FMV at date of inheritance for tax basis — not the original purchase price.

Home of the Seybold Jewelry Building — an established US jewelry trade hub since 1921.

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Updated July 28, 2026 · Pop. 6,391,670

Today’s spot prices

Gold (24K)

$4,040.90 /oz

Silver

$57.15 /oz

Platinum

$1,608.20 /oz

The Seybold Jewelry Building

A jewelry hub since 1921

Houses 280+ retail and wholesale jewelers in a 10-story landmark. Strong specialization in colored gemstones, Latin American clientele, and rapid cash transactions on watches and gold.

★ Downtown Miami, 36 NE 1st Street

What this means for Miami sellers

Higher offers. Buyers compete — offers typically 10–25% above suburban.
Specialist categories. Estate, watch, and diamond experts side by side.
Walk-in appraisals. Free verbal estimates in one afternoon.
Secure transport. Armed lobby security and insured deposit boxes.

Where to sell in Miami

Three channels — pick the right one

Local pawn shops

Best for: Fast cash, gold by weight

In Miami, pawn shops are licensed under Florida’s statute, verify ID, and require a 30-day holding period before resale. Typical offer: 40–60% of retail. Best under $1,500.

Certified jewelers & estate buyers

Best for: Diamonds > 0.5ct, signed pieces

Local jewelers in Miami pay 50–70% of retail. Estate specialists may pay 70–85% for verifiable provenance (Tiffany, Cartier, Van Cleef). Free in-person appraisals.

Online buyers (insured mail-in)

Best for: Anything over $500 — highest offers

Online buyers pay 15–30% more than local Miami options. Free insured FedEx kit, evaluation in 2–5 business days, free return if you decline.

Florida resale law

Know your rights

Jewelry sales tax	6.00%
Gold bullion tax	Exempt
Pawn holding	30 days
Pawn license	Yes
PM dealer permit	Required
Photo ID required	Yes

Florida: Bullion sales >$500 exempt. Secondhand dealers/pawnbrokers regulated by DACS; 30-day hold + electronic reporting.

Pricing guide

What to expect in Miami

Engagement Ring (1ct diamond)

Retail: $5,000–$8,000

Local resale: $1,500–$3,000
Online buyers: $2,500–$4,500

14K Gold Chain (1 oz)

Melt @ 2,356/oz pure gold

Pawn shop: $1,296–$1,649
Online buyers: $1,885–$2,167

Rolex Submariner

Retail: $9,000–$14,000

Local jeweler: $5,500–$8,500
Watch specialist: $7,000–$11,000

Tiffany Estate Necklace

Retail: $2,000–$5,000

Pawn shop: $300–$700 (gold weight)
Estate buyer: $1,200–$3,500 (provenance)

FAQ

Selling jewelry in Miami — common questions

Can I trust online jewelry buyers shipping from Miami?

Yes, when the buyer is established. Look for: insured FedEx shipping with signature confirmation, free shipping kit (with insurance up to $50K or more), free return shipping if you decline, BBB rating, and transparent pricing methodology. Reputable buyers serving the Miami, Florida market include Worthy, WP Diamonds, The Real Real (fine jewelry), Express Gold Cash, and Cash for Gold USA.

How does Worthy compare to a local jeweler in Miami?

Worthy auctions your piece to a network of certified jewelry buyers, typically yielding 15–30% more than a local Miami retail buyer for diamonds over 1 carat. Local jewelers in Miami offer instant in-person evaluation; Worthy adds 5–7 days for kit delivery, shipping, and auction. For pieces under $500, a local jeweler is usually faster and pays similar net.

Should I sell my engagement ring or sell the diamond separately?

Generally sell as a complete ring — the setting adds 10–20% to the offer because the buyer can resell directly without re-setting. Exception: very small (<0.3ct) diamonds in heavy settings — sometimes the gold-melt value of the setting plus a separate diamond sale beats the combined offer.

What is dollar-cost averaging in precious metals?

Not relevant to selling, but relevant to timing: gold prices fluctuate daily. If you have flexibility, watch the spot price for a week before selling. Reputable buyers in Miami will quote based on current spot, so a 2% rise in gold means a 2% rise in your offer for gold-content pieces.

Are mail-in gold buyers in Florida scams?

Some are. The reputable ones (Cash for Gold USA, Express Gold Cash, GoldFellow) operate under state licenses with publicly disclosed prices and free insured shipping. The scams use unsolicited TV ads, hide their location, and pay 30–50% below market. Always verify a precious-metal-dealer license number on the state regulator’s website before mailing.

How long does Worthy take to pay after I ship?

Typical timeline: shipping kit arrives 2–3 days after request. You ship via FedEx (insured by Worthy). Evaluation takes 1–3 business days. Live auction runs for 24–72 hours. Payment by bank transfer within 48 hours of auction close. End-to-end: 7–10 calendar days from request to payment. Faster than auction houses, slower than walk-in.

Does the IRS know if I sell jewelry in Florida?

For most personal jewelry sales, no — only sales above specific bullion thresholds (25+ oz of gold, 1000+ oz of silver) trigger automatic 1099-B reporting from the dealer. However, you are required to self-report capital gains on your federal tax return if you sold for more than your cost basis. Inherited jewelry uses fair market value at the date of inheritance as the cost basis.

Can I sell jewelry I inherited in Miami without an estate executor?

Generally yes, once probate has closed and the piece is your personal property. Buyers may ask for a copy of the closing statement or bill of sale from the executor for pieces over $5,000. Inherited jewelry uses the FMV at date of inheritance for tax basis — not the original purchase price.

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