How to get the most money for your fur coat


Are you no longer wearing your skin? Whether your garment is too small, old-fashioned, or just taking up too much space in your closet, there are many convenient ways to unload it, thanks to a range of professional fur resale, recycling and donation services available online and offline. . . So how can you “remove” fur from your closet?

Key takeaways

  • To sell a fur coat, first assess the value, considering the quality, how well it has been cared for, and the type of fur.
  • Get a professional appraisal of your coat if you plan to sell it directly; Fur resellers or consignment shops will insist on their own appraisals.
  • If you’re considering selling it outright, visit eBay or another consumer marketplace that has controls in place to protect it, such as buyer ratings, clear return policies, and standards on who pays for shipping.
  • If you have top-notch fur, consider having a knowledgeable specialist reseller to find the right buyer for you rather than selling it yourself.

Evaluate the value

The first is the first. The value or marketability of a used leather depends considerably on its quality, how well it has been cared for and, of course, the type of leather. Many owners have an unrealistic expectation of the value of their used leather. Like virtually any other item of clothing (except certain brand name jewelry), the moment a skin is brought home, depreciation begins and its value begins to decline. Fur hides also dry out over time, so the longer a coat has been in your closet, the less valuable it becomes.

If you plan to sell the coat yourself, getting an appraisal is highly recommended: Determining the value of a garment actually requires an inspection by a fur appraiser to determine its current market value. Just find a professional furrier (either in your local area or online) to do it on your behalf. If you find one locally, they may even sell you your coat. However, online fur resale or consignment services will likely insist on conducting their own appraisal.

If you have an old fur coat that you haven’t worn in years, consider selling it. Depending on the quality, age, skin type, and condition, your coat can cost you a lot of money. But get a professional appraisal before you put a price tag on it.

Sell ​​it yourself

The ubiquitous online auction site eBay offers a healthy secondary market for fur coats; It even has a guide that describes everything you need to know to successfully “eBay” your garment. However, this route of sale requires time and commitment on the part of the seller.

First, you need to identify all the attributes of your coat (coat type, measurements, lining fabric, embroidery, etc.) and have a realistic idea of ​​your coat’s current value. How have other eBay sellers of similar items priced? If you really want to sell, yours will need to be competitively priced to stand out from the fur crowd. Good quality images and many of them are essential. Even if you pass the shipping costs on to the buyer (as many eBay sellers do), you will also have the responsibility of packaging, insuring, and shipping the garment once it is sold.

Someone else sell it

Designer-oriented consignment and vintage clothing stores often sell used furs (or “roots,” as they prefer to say). Specialty fur resellers and shipping platforms also abound online. Although you have to split the profits with them, they take all the hassle out of selling your garment. Some will insist on a physical evaluation of their coat before providing a list price, while others like BuyMyFur will provide a quote by email. If you are happy with the quote, simply send them your fur, after which they will market and sell your garment on your behalf. Then all you have to do is wait for your check in the mail.

Another site with a unique approach is EFFECTIVE FOR LEATHER COATS. Dedicated to recycling fur, they will pay a “fair market value” in exchange for their used garment, which they will turn into other creations, such as teddy bears and pillows. Your professional furrier requires an inspection to determine the condition of a coat and offer a price.

Be charitable

If you are in a position to be generous (or feel like giving back to nature), the annual fur campaign Puppy Coats encourages the donation of fur items to aid the rehabilitation of injured and orphaned animals in the U.S. The initiative is led by the used clothing retailer Buffalo Exchange. During a specific annual handling period, usually January through April, you can simply drop off the unwanted hides at any of your stores. The donated skins are sent to wildlife rehabilitation centers where they are used as bedding, providing a more natural and nurturing environment for the recovering creatures.

Donations are tax deductible, but since the Buffalo Exchange can’t provide receipts, claiming a deduction of more than $ 500 (the standard for non-cash items) for the garment could be tricky, should the IRS start. to examine. If your coat is worth four figures, you can donate it to a local thrift store or charity. Just make sure you get a receipt and have that appraisal handy as proof of your charitable contribution.

The bottom line

Whether you’re ready to upgrade to a more modern leather look, just want more closet space, or are no longer comfortable in leather, there is an internet full of services ready to sell, recycle, or accept your leather for you. Just remember: the longer you leave it hanging in your closet, the more it will deteriorate in quality and depreciate in value, so the sooner you act, the better.

www.investopedia.com

READ ALSO:  Early Warning Signs That You Should Exit A Trade
About the author

Mark Holland

Leave a comment: