How to Get the Most Money While Pawning Your Jewelry

According to Forbes, jewelry is the 5th most pawned item that American’s sell when they need some quick cash. If you are in a financial bind, consider pawn jewelry hollywood fl. Getting rid of some of your old and unwanted jewelry is a great way to lift your financial burden and declutter your things in the process. Consider going through your old jewelry boxes and making a quick buck today. If you are looking to make a quick buck, here are your best tips for pawning your jewelry.

Be Picky 

You don’t need to take the first offer that comes your way, and you don’t need to sell to the first store you find. When it comes to pawning, search around until you find the very best deal. Remember, pricing is generally all objective, so what is worth $50.00 to one store may be $100.00 at another. It’s important to be picky with who you give your business.

Know Your Product’s (General Worth) 

What are you selling? Is it gold? Is it a diamond? Is it…fake? When it comes to getting the best bang for your buck, it is important to know the value of the product you have on hand. You can check out sites that will help keep up with the current price of gold to understand what your piece is realistically worth. Having an idea of the market price of your item will tell you a good starting price to ask.

Bargain, Bargain, Bargain 

Many pawn shops are full of swindlers and scammers who just want to get the best and cheapest price for your product to sell it to the highest price for someone else. Remember, they are expecting you to bargain, so don’t be afraid to! There is nothing wrong with asking for more money, in fact, the worst they will say is “no”. When you are given the initial number offer for your product, always go up. If you feel to uncomfortable bargaining or asking for more money, bring a friend with you who will not take no for an answer.

Start with an Appraisal 

If you are truly clueless as to the actual value of your product, getting an appraisal is a great place to start. Appraisals are often free and can be done by a credited jeweler. They will be able to tell you what your product is made out of and roughly how old it is. This way, you will not look foolish going into a store and demanding much more or less money than what your treasure is actually valued out.

Prioritize 

While you may be in a financial bind, make sure that you are not selling things with strong emotional values and ties. While it may be tempting to say “I’ll sell now and buy it back later” this is often not a viable option. Start with jewelry that doesn’t mean as much to you and keep your prized possessions as heirlooms and to pass down.