Take Care When You Sell Jewelry At A Pawnshop

Pawnshops have a very liquid inventory. This means that when they buy something from a seller they will give the seller very little money for it, and they will in turn sell the item for a low price. You can get a good deal by shopping for jewelry at a pawnshop, but when you sell jewelry to a pawnshop you will get very little cash. This means that if you want to sell your jewelry, the pawnshop should be your last resort but has its advantages as being immediate cash.

If you think it over and decide that selling your jewelry to a pawnshop is the best route for you to take, there are several tips that will help you to maximize your profits. However, if the jewelry that you are selling is antique jewelry, you should never take it to a pawnshop no matter how much you need the money. If you have jewelry that is a family heirloom such as a watch, you will be much further ahead if you sell it using a local jeweler or an auction site. When you are trying to raise money and the only collateral you have is antique jewelry, you are better off trying to get a loan.

If you are selling jewelry that is not antique, then selling it to a pawnshop can put money in your pocket when you really need it. Before you go to sell jewelry at a pawnshop, you should have an idea of its real value. If you have a diamond ring to sell, have it appraised for carat size and clarity. Have your gold evaluated and weighed. Do not go to the pawnshop until you have an independent appraisal of the worth of your jewels.

At the pawnshop, keep in your mind what your bottom price is that you are willing to accept and stick to it. If you are having a hard time deciding on your bottom price, look at similar pieces of jewelry to compare. When you go to sell jewelry at a pawnshop, you probably want to make the sale that very same day. Still, you will find it helpful to visit three pawnshops that have a good reputation before you decide which offer to accept. If you refuse an offer and then later discover that it was the best one, you can return, stating the quoted selling price in writing, and complete the transaction.

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