If you are having financial difficulties, pawning jewelry is an option to get some quick cash. However, the process of pawning your jewelry is not as simple as just turning to a local pawn shop and walking out with a check in hand. In order to protect your jewelry, and ensure you receive a fair offer for it, you must be knowledgeable on how to properly pawn or sell your jewelry.
First, secure jewelry pawn shop sure to have your jewelry appraised. A good place to start is by visiting a jeweler or an appraiser in your area who can give you a free assessment of your piece. This will help you have an idea of what your jewelry is worth in terms of its pure metal value, as pawn shops typically only want to buy gold and silver items.
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Once you have your appraisal, shop around for the best loan deal. It is always a good idea to compare quotes from different pawn shops. Also, be sure to keep a record of your jewelry when you bring it to the pawn shop. This will be helpful if there is any future dispute about your jewelry.
When pawning your jewelry, be sure to pay back the full amount of your loan before the 30-day window is up. If you do not pay back your loan, the pawn shop will have the right to melt your jewelry down into its pure metals and sell it.