When it comes to jewelry, women love to add new pieces to their collection. In some cases, this means out with the old and in with the new. If you own some sterling silver jewelry that simply has gone out of style, you don't wear as much as you thought you might or you just want the extra cash to put toward new pieces, you will be glad to know that there are plenty of ways to turn your sterling silver jewelry into cash.

Thanks to the internet, the options are virtually limitless as to how one could sell their jewelry. One of the quickest ways to earn cash for your collection is to place it up for bids at an online auction and allow other collectors to place bids. You will have the option of either starting your auction at a low opening bid, setting a reserve price that buyers must meet in order to win the auction or even set a fixed price that will allow your item to be purchased immediately. If you plan to list your jewelry at an online auction, make sure that you get a quality photo using either a computer scanner or digital camera.

For those who don't want to wait for their cash, it may be possible to sell your collection to a local jeweler. Many small businesses advertise their desire to purchase fine jewelry and/or gemstones, but be ready to negotiate on the price. Depending on the business, you may get less than your jewelry is actually worth. Unlike a pawn shop, however, local jewelers who buy private collections will likely pay more than 'scrap' prices.

If you prefer to sell your jewelry locally but don't have a jeweler in your area who's in the market to buy private collections, consider advertising your jewelry in the local classifieds. To be safe, you may want to print your cellular phone number or possibly an e-mail address for inquiries as opposed to your home phone. If you have an interested buyer, meet in a public place to allow him/her to view the jewelry and make the purchase. In any transaction, it's often recommended that sellers accept only cash or money orders, especially if the amount of the sell is significant. In order to prevent confusion, it's a good idea to discuss payment options with the buyer beforehand.

Now that you know how to turn your existing sterling silver jewelry into cash, you can start thinking about the new pieces that you want to purchase. Every woman likes to spruce up her wardrobe, whether it be clothing or jewelry, on occasion. If you're looking for a new collection, consider shopping online for a large selection and competitive prices that you may not necessarily find at your local jeweler. From earrings and rings to anklets, necklaces and bracelets, you are sure to find something to suit your style and budget. Not only can you sell your jewelry online, but you can also find some of the best deals and discounts with the click of a mouse.