Inexpensive Handbags vs. Luxury Handbags

Less is not always more when buying a designer handbag, or is it if you buy for less and get additional value?

When I was in my teens and twenties, I would go to the local strip mall and search for a cute purse that I could buy. I didn’t have much money, and I often thought, “wow, why would anyone pay that much for a purse?” I would carry the less expensive; okay, let’s say it, “cheap” handbags and wallets thinking that spending more than $20.00 on a purse was excessive.

As I grew up, had children, and was launched into my career, my style and personal statement matured. By the time I was thirty, I had realized how much I had spent on inexpensive handbags that didn’t last long, went out of style, and I just thought they looked cheap.

These inexpensive purses were poorly made, and the materials didn’t hold their shape within a short time. My journey to save money added up to cash invested in nothing. I took a look around my closet and realized I didn’t have any of the inexpensive bags any longer because they had fallen apart or looked tattered.

As I grew into adulthood, I realized that the handbags I own and wear need to be chic sophisticated, and they need to make a statement of who I am. The only option is to buy designer handbags.

Knowing I was in the market for designer bags, I researched what was available and the cost. My designer handbag can range from a few hundred dollars to thousands. There are several types of luxury handbag designers. A Louis Vuitton bag, Gucci bag, Hermes bag, Chanel bag are all options.

The Louis Vuitton Bag

Louis Vuitton handbags have been around since 1859 when Louis Vuitton opened his first shop outside of Paris, France. He had 20 employees focused on making trunks and luggage for protecting goods when people traveled.

By the 1920s, the company was making designer handbags for personal use. Customers were excited about the quality of the bags and their craftsmanship. Designers in the company focused on quality, appeal, and durability, knowing the designer handbags would be a purse and a timeless piece that wouldn’t go out of style. A Louis Vuitton bag is an investment.

Entrupy Authenticates Luxury Handbags

The Gucci Bag

2021 was the one-hundredth anniversary of quality = Gucci. From a bellboy starting a business using alternative materials like imported leather and woven hemp, through family turmoil, to expanding to create shoes, bags, and accessories, the Gucci is now known worldwide.

Gucci is a designer handbag that holds its value as well as it holds its shape and style.

Loan On Luxury Handbag

The Chanel Bag

Once upon a time, in February 1955, the Chanel Flap Bag appeared, and the story unfolds for the next 25+ years and continues to gain loyal customers. Chanel handbags are comfortable and an accurate statement of fashion. The Chanel 2.55 came out in February 1955 and was the first designer handbag with a shoulder strap giving women the option to carry a purse off the shoulder, leaving their hands free.

Louis Vuitton shoulder bag

How Can a Mother, Daughter, Career-Minded Woman Afford Luxury Brands?

Men buy tools, cars, and electronics. Not that women can’t buy these things too. These things show status and taste. Women buy handbags, jewelry, and shoes.

Buying all of my handbags second-hand through the best pawn shop in the area, R&J Jewelry, and Loan, I save money, but I can also purchase luxury handbags that are a genuine article without paying a higher price than I can afford.

Big box stores sell beautiful and unique designer handbags in my area, but these bags come with a price I can’t afford or, more honestly, am not willing to pay. The designer handbag inventory at R & J Jewelry and Loan offers a great selection, and I visit them often because their inventory changes frequently.

A designer purse is a statement of style, sophistication, and style.

Of course, like everybody, I have purchased cheap, inexpensive bags from local big box stores, and they lasted a season. The zippers break, and they get tattered, scratched, and stained.

A high-quality, luxury handbag is just not at the same level as an inexpensive bag. A significant difference is the high-quality brand is made to last, and they are an investment. Designer handbags hold their value, but they also stay looking nice for decades. They never really go out of style, and their polished look brings a touch of chic to my look.

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R&J Jewelry and Loan

I have been to many shops looking to find a designer bag at a bargain price, and I have shopped online for gently owned designer bags, but I have not seen the same selection or customer service I receive at R&J Jewelry and Loan.

I did a bit of math, which isn’t my most desirable pastime, and calculated out the long-term value of buying a designer bag at a higher price versus purchasing a cheaper bag at a lower price. Suppose I pay $2000.00 for a luxury bag, and I treat it like an investment for the next 30 years, wearing it twice a week, keeping it in its dust bag, and storing it in the original box when it isn’t being used. In that case, it will hold its shape and style, and I can pass it down to my children or sell it for about half the amount I paid for it.

The best-kept secret…when I purchase a luxury handbag as an investment to wear and enjoy, I always have cash in my closet. If I get in a pinch, I can sell my designer bags for the highest price.

The price I paid for it is nothing compared to if I purchase a cheaper bag at a big box store for $150.00 and then I have to replace it six months later because it tears or the zipper breaks. If I make two purchases a year for 30 years, I have spent a fortune for nothing. Which is the best price, a designer bag or a cheap bag?

People always want to sell their luxury bags because they are tired of them and want something different, or they need extra cash.

Pawn shops accept luxury bags as collateral for short-term loans in good and excellent condition. They also buy them outright. Some people don’t pay back their quick cash loan, and the pawnshop can then sell the bags so they can recoup their money.

This is great because the bags are then added to the luxury items for sale either in their pawn shop or through their website store.

You don’t have to worry about pawn shops selling stolen goods or goods that aren’t genuine. Pawn shops work with local police, check each serial number, and authenticate the luxury items they take in. The entire process for selling or pawning at a pawn shop is safe and confidential.

Pawnbrokers are experts and understand how to authenticate designer brands. It wouldn’t make much sense for a pawn shop like R&J Jewelry and Loan to buy, sell, or loan on a luxury brand that wasn’t genuine because they would lose money.

Pre Owned Tiffany Jewelry

Diamonds, Gold, Silver, Fine Jewelry, Luxury Watches, and Luxury Bags Are Waiting at R&J Jewelry and Loan.

R&J Jewelry and Loan also has a vast selection of fine jewelry, Rolex and luxury watches, and other brand named items for affordable prices.

They offer the highest price possible when buying an item outright, so they draw in customers who have great things they want to sell and get cash for.

Are you living in the greater Las Angeles area in the communities of Santa Clara, Los Gatos, or San Jose? R&J is nearby and is a full-service pawn shop offering pawn loan buying and selling services and has a great selection of affordably priced high-value items for you to purchase. There is no loan amount too large for R&J Jewelry and Loan. The pawn shop is family-owned and has an extensive history of providing customers with top dollar for their items.

Are you going to Las Vegas? Come by the store and bring us a high-value item to sell or pawn for extra cash. The quick cash you get can be used to finance your trip or help you with expenses while you are in Las Vegas.

Need to sell designer handbags safely stored in your closet to make room for new ones? Bring them by the pawn shop, and the pawn broker will value them and give you an offer. Whether you are a teen, twenty, thirty, or more visiting a pawn shop for items that may sell for more money on the resale market is a wise decision. Pawn shops have items that still retain a high value on the resale market for much less when compared to department stores. As a teen, I didn’t know what a pawn shop was. In my twenties, while I was giggling with kids, launching my career, and making ends meet, I not only visited pawn shops for designer brands, I made purchases and, from time to time, sold and pawned items. Now they are my one-stop-shop for so many things.

Knowing that R&J Jewelry and Loan, the professionals will work with me and find me the luxury handbags I want and give me top dollar for the ones I need to move on to someone else, provides me with options.

Visit our website and see what we have to offer. You won’t be disappointed. https://www.randjjewelry.com/

How To Sell Gold and Silver Bullion and Coins.

Gold Coins
Gold Coins

With the price of gold and silver going up and then down a bit, how do I know when to sell and when to buy?

The adage of selling high and buying low applies to almost everything in the commodity market. Gold dipped to $1835 per ounce and then shot back up to its highest price in March 2022, selling for $2056 an ounce. Watching the market and the spot price of precious metals is the key to getting a fair price for your old silver, gold, and silver coins, silver bars, scrap silver, sterling silver, bullion, and other precious metals.

Why is gold and silver spot price going up and down?

In late February 2022, the USA warned that Russian intended to invade Ukraine. There is tension all over the world with what is going on abroad. The United States has sent troops from Ft. Bragg, NC, to Poland as a part of NATO to help Ukraine people flee to safety. The U.S. is supportive and has sent Ukraine ammunition, small arms, and other defensive weaponry.

During times of global tension, the market price of gold and other precious metals goes up and will fluctuate as situations change.

According to experts, the federal interest rate is expected to continue to rise at least six times during 2022. It is presumed that the interest rate will be greater than it has been since 2005.

Since March 2020, the feds have purchased $4.5 trillion in treasury bonds and mortgage-backed securities to stabilize the financial system and lower long-term rates for consumers and businesses.

Inflation is here and ugly right now, contributing to economic uncertainty and how the spot price of gold and silver fluctuates.

Bank loans will cost more, gas prices are soaring, and food prices and supplies are waxing and waning, contributing to how consumers spend their money. Things like farm equipment, employees, etc., are reduced so businesses can watch their spending.

Individuals and companies are trying to save because interest rates may increase even more. When individuals and companies take a conservative approach to spend their money, money becomes less available, and spending decreases.

Spending Cautiously

Consumers are more likely to approach spending with safety. They are slow to burn through reserves right now, anticipating a rise in interest rates and other risks that may be on the horizon.

These things all affect gold and silver spot prices, and buying them is an investment during periods of political and economic uncertainty. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry.

Gold holds its value in weak economic environments.

Investors are flocking to gold and silver bullion during the last year to protect their business and personal wealth. Gold and the U.S. Dollar

As the U.S. dollar rises in value, the value of gold falls. The same is true inversely. The strength of the U.S. dollar is related to interest rates. Gold may be far more efficient than cash as storing wealth. When you look at inflation, currency may lose value.

Gold is recognized as having a long-term record of stability, and investors are making it a part of their investments today.

Spot Price, What is it?

When buyers buy gold, sellers will raise the price, and buyers will buy lower if sellers are flooding the market. The influences on the price are extensive.

When the geopolitical and economic situations are tense, gold prices go up and the current silver price. Currency markets are a driver in the spot gold price. As the dollar rises, it makes gold relatively more expensive for foreign buyers and can cause declines in the spot price. Inversely, gold prices rise as the dollar weakens, and gold is less costly for foreign investors.

The price of gold and silver is based on someone buying the precious metal “on the spot” or, in other words, at a specific moment in time, it is paid for and delivered. The price will fluctuate with the market.

If you want to sell your silver or gold, remember to sell it when the price is high, so you get the most money possible. If you will buy silver or gold, make sure that you do so when the market price is lower to invest in for future sales.

Troy Ounce

Gold and silver are bought in a troy ounce. A troy ounce is a unit of measurement and equals 31.1034768 grams or 1.09714286 ounces.

Purity

Gold price is based on 24k gold or the purest form of gold at 99.9% pure. Like gold, silver prices are based on pure silver or .999 silver. The object will be marked 999 or 99.9% pure silver.

How the spot price is calculated is critical to understand as you get ready to buy and sell gold and silver because you will get paid according to how much silver and gold are worth on the current market at a specific moment in time.

Knowing that the price is based on the purity of the precious metals makes it possible for you to determine what a fair price would be to compare prices when trying to sell online or in-person like to a local pawn shop.

Several places buy and sell silver and gold. Most of the valuable silver items you find on the market are made of sterling silver, containing 92.5% silver. Pure silver is too soft and malleable for making jewelry, flatware, and other objects. The same is true for 24k gold, and it is slightly softer and scratches easily. This is why most jewelry is made from 18k, 14k, and 10k gold. You will also get a better price on jewelry made from 14k and 10k gold at a jewelry store because it is less pure. The purchase price of jewelry depends on the purity of the metal used in the jewelry and what gemstone is included.

Gold ingots on a white background with magnifying glass
Do Research Before Buying and Selling

Bullion coins, silver coins, silver bars, and bullion all sell well when considering selling precious metals. A bullion dealer, an online dealer, a local buyer, auctions, pawnshops, and private buyers will all buy and sell gold and silver.

Make sure that whomever you are dealing with is a reputable buyer.

You can research online reviews, check with the better business bureau, and look for details on a dealer’s website to decide if the shop you are dealing with is a safe place to sell and get a reasonable price.

Rising coins and blank shopping bags on black background. Rising prices or inflation concept. Mock up
Online Dealer

There is always a long list of online dealers when you search for selling gold and silver. Online ads will pop up regularly saying where you can sell your silver and gold. Selling your silver and gold online is an excellent way to do comparison research, and it allows you to interact with different dealers worldwide. You can compare silver prices.

Online dealers buy numismatic coins and bullion coins throughout the world. They will often give the best price but remember, a sale will involve shipping costs. Goldsilver.com is an easy place to buy and sell silver online but remember you will have to wait for payment, so the payment isn’t instant.

Coin Shop

A local coin shop or coin show may be an option to buy and sell silver and gold. Coin shops also have a retail market they work with, and they know what a fair price is for collectible coins. Silver coin shows are a great place to take your silver coins if you want to sell them. These shows have interested buyers, so you may be able to move your coins quickly. It’s also fun to see the random collection of coins.

Private Buyers

Private buyers on Craigslist or online will also buy silver and gold. Private buyers may be willing to say they will pay more for high-quality items, but there is always the risk associated with private buyers. Safety is vital in these transactions.

we buy diamonds & gold
Online Auctions

Online auctions like eBay can be another place to sell your gold and silver. These have large audiences multiple bids, and you could get a good price, or it could be undersold as well. Unique silver items like antique silver flatware may do well on an auction. Multiple bids can help in the selling process, but you will still have to wait for your funds until after the auction closes and a deposit is made.

Pawn Shops

Pawnshops are an excellent place to visit if you are in the market to sell or buy silver and gold. Having experts who know coins, silver coins, gold, fine jewelry, scrap silver, silver bars, silver bullion, sterling silver, junk silver, and bullion coin, pawn shops are considered gold buyers.

Pawn stores can be found locally, making it easy to visit and speak with an expert in person. They have large retail showrooms where they sell silver, gold, coins, sterling jewelry, and gold and diamond jewelry. Some pawn shops are like jewelry store with more affordable prices.

Because pawnshops have experts who can appraise your valuable silver, they can tell real silver from fake and what purity your gold may be. The selling process is easy because an offer is made once appraised, and you get cash immediately if you agree with the offer, and there is no waiting.

If you want the most cash you can get in an expedited process; a pawn shop may be the answer. If you have silver and gold jewelry you don’t wear anymore, and maybe they have silver markings, it may be an excellent time to gather them up and see what your selling options are at a pawnshop.

Jewels and gold coins

Pawnshops will appraise gold and silver items like silver rings with silver hallmarks, silver flatware, old silver, junk silver, sterling silver, gold bullion, gold coins, and more. They also consider luxury items like Rolex, diamonds, and luxury handbags.

As you look through your things and decide if you are in the market for buying silver or selling gold or both, look at what you have that might be silver plate, electroplated nickel silver, or sterling silver.

Silver plate and electroplated nickel silver may not be worth as much money but may have some value to a pawnshop. Plated silver will be marked with a PNS. Sterling silver will be marked with a 925 because it is 92.5% pure silver.

Scrap silver and scrap gold are worth money and typically are broken pieces of jewelry. The pawn shop will buy these items, act as the middle man, and send them off to a refiner for melting after they are purchased.

Pre Owned Tiffany Jewelry

Living in San Jose, CA and Need a Reputable Bullion Dealer?

R & J Jewelry and Loan

At our family-owned and operated pawn shop since 1978, we have built our reputation on personalized services and our extensive jewelry selection in a variety of price ranges. We strive to set ourselves apart from other pawnshops by offering real money for your items.

Fair and reasonable offers are how we do business.

At R & J Jewelry & Loan, we will buy your items or give you a cash loan to get you through the rough times. We buy gold, silver, gold bullion, diamonds, silver jewelry, and luxury handbags and watches. We are a reputable dealer, and we will treat you somewhat, getting you the most money for your things.

If you have gold jewelry, silver with silver hallmarks, Rolex or other luxury watches, diamonds, silver jewelry, we want to offer you free appraisal services to get you the best price.

We also have an extensive retail store with affordable prices to buy valuable silver items, gold items, luxury watches, or other fine jewelry if you are in the market.

Here at R & J Jewelry & Loan, we pay cash for a wide variety of products. Gold, diamonds, jewelry – you name it, we can help. When you come to our pawn shop in San Jose, CA, you can be sure you’re dealing with EXPERIENCED and dependable professionals. Trade your unwanted items at our pawn shop.

We will buy, sell and trade all types of items like Jewelry, Gold, and Luxury Accessories.

Gold Buyers San Jose & Loan will buy Gold Bullion in San Jose, diamonds, and jewelry, and the pawnshop accepts unwanted things.

We will purchase, sell, and exchange goods. We are the leading Gold Coin Buyers in San Jose, CA, to buy your scrap gold.

Clear said, “We are currently buying gold in any form or condition, including coins and jewelry. Fair market prices paid, no games. Bring your gold to our pawn shop in San Jose, CA, and get instant cash on the spot.”

Reviews Say It all When You Do Comparison Research
Loans

Fantastic service. I needed some bridge loan funds for a couple of months. Brought in my Patek and A.P. and was funded that day They worked with me, very professional. I picked up my watches last week, never could be more happy.”

Jewelry – Retail

For being a pawn shop, the jewelry and display setup they have is very impressive. They offer a surprisingly wide selection of jewelry for both men and women, and you can ALWAYS catch a good deal. I wanted to get a new watch, so I stopped in, and sure enough, I was able to find a great deal on a lightly used Rolex that I loved!”

Please stop by and see us today!

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