You probably have various reasons for pawning your jewelry, but usually, it’s because you need cash on hand for anything important. When pawning, your jewelry will be the collateral to acquire the money you need. Then, you will have a specific timeframe to get your jewelry back and repay the loan.
Furthermore, if you’re pawning your jewelry to get fast money, then you most likely need a certain amount. Also, you want to get the highest price possible for every piece. Below are Following are some suggestions to help you when pawning jewelry.
The Amount of Money You Need
The nature of pawnshop is to make money, so they most likely to only offer you about 60% or 70% of your jewelry’s actual value. Consequently, you shouldn’t pawn more jewelry that will exceed the amount you need, especially if you are unable to repay the credit.
Thus, knowing how much cash you need on loan will help you determine the least amount of jewelry you need to take from your collection for collateral.
Sparkle Your Jewelry
It’s a fundamental step that appears like common sense, but unfortunately, only a few people are taking the time to do it.
Indeed, there is a wide range of cleaning materials on the market to help you brighten your earrings, bracelets, or necklaces. However, when it comes to rings and diamonds in general, some trouble spots needs adequate attention.
To begin cleaning, use a jewelry cleaning solution and a toothbrush to clean around your jewelry or other stones. Also, since dunk gathers around mainly in the prongs, be sure to clean the sides of the stones for a thorough cleaning.
Visit and Compare Shops
Just because there is a pawnshop only a few blocks from your area doesn’t mean that you have to submit all of your jewelry in that shop. Instead, when it comes to jewelry pawning, shopping around can be a worthy decision.
You have to visit as many shops as possible to get an idea of which among them are the most communicative, professional, and trustworthy. Then, make sure to see what each can offer for your item.
Once you determine a shop that matches excellent customer service with best deals, then you can decide for that shop for pawning.
Ensure the Complete Set
Some necklaces, bracelets, and watches and have extra pieces and links that can be inserted into the part to make it fit with bigger individuals.
On the other hand, some rings have extra wraps that can dress up the ring itself which is particularly prevalent on wedding sets. If your jewelry has any of these, ensure you take them with you when pawning. Also, you should clean these extra pieces for a higher chance of getting a higher value.
Get Ready To Bargain
Lastly, get yourself ready for the challenge of pawning. Generally, if the broker will not budge on his price, you’re free to walk out from that shop and try some pawn markets instead. It will put you in a dominant bargaining position.
Remember, the broker won’t only lose the sale, but it also allows you to go elsewhere and look for a buyer who can offer you a better deal.
The process of pawning is quite simple, and indeed the best step you can take first is to make some preparation that will help you to have the best possible offer.
From necklaces, rings, watches, and bracelets consider following those tips listed so you can smoothly do the process and successfully get the job done. Besides, you can visit Truval in New York or your local shops to get more info about pawning.
October 1, 2018 at 9:15 pm
It’s good to know more about pawning strategies. I like how you said that you can get around 60-70% of an item’s value at a shop like this. That’s good to know because we need some extra cash, and I’ve got a guitar that I should be able to pawn for a good amount of money.
November 27, 2018 at 1:19 am
This is some really good information about pawnshops and how to get a good deal. I liked that you explained that you should think about taking your stuff to a few different shops to figure out which place will give you the best deal. It might be smart to find a place that you can sale specific things.
June 26, 2019 at 11:03 pm
It was really interesting to learn how to pawn like a pro and the strategic steps to get the ideal pawn deals. My brother really wants to buy some firearms from a pawn shop. Going to a professional is definitely something that he should do.