When you are in a tight spot and need a little cash to carry you over, having access to a local pawn shop can be a major help. If you have valuable jewelry pieces, you could walk into just about any pawn company and walk out with cash within just a few minutes. Even better, you do not have to let the jewelry pieces go permanently. If you have never pawned a piece of jewelry, it is a good idea to get to know the process. Here are a few of the most common questions first-time customers have about pawning jewelry.
How much will a pawn shop give you on a piece of jewelry?
You should not expect to walk into a pawn shop with a piece of jewelry and walk out with the same amount of money that you paid for it or what it is worth. Pawn brokers make part of their profits from the markup they charge on pawned items that get put up for sale. Therefore, they will likely offer you a percentage less than the actual value of the piece.
What are a few ways to help you get the most out of your jewelry?
To get the most out of a piece of jewelry that you take to a pawn shop you should make sure you
- clean up your jewelry so that all markings are clearly visible,
- bring along any certificates of authenticity on gemstones or brands,
- have the item in original packaging if possible, and
- have proof of what you paid for the item when it was purchased if you can.
What happens if you do not pick up the jewelry when the pawn ticket has expired?
If something happens and you cannot pick up your jewelry when the pawn ticket has expired, or if you choose not to do so, the jewelry will typically be placed in a case for sale at the shop. Keep in mind that your jewelry will only be pulled from pawn once the allotted time frame of the pawn is up and not before. In some cases, the pawn shop will call or contact you to let you know that the pawn is getting ready to expire. You may also be able to pay an additional month of interest to keep the jewelry in pawn for another month.
Whether it is a ring, bracelet, or antique piece, the jewelry in your jewelry box can be an easy way to get cash when you need it when you have access to a pawn shop. If you have additional questions, talk to a pawn broker like Desert Jewelry Mart & Coins in your area for more information.
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