Pawning jewelry can be a great way to clean out your home and make some extra cash. But you don’t want to just pawn jewelry and take the first offer that you get. If you want to make the most out of pawning, you need to know about the process. Whether you’re new to pawning your not, you can learn about pawning jewelry here no matter where you live.
Get an Appraisal
Before you ever step foot in a pawnshop, you should get your jewelry appraised by a professional. The appraiser can tell you the value of individual pieces and your entire collection. They’ll know what to look for in terms of the use and different types of metals. While you can take your jewelry to a pawn shop for an appraisal, they might be biased toward a lower amount. So make sure you get a second opinion so that you can get the best price on your items.
Clean Your Jewelry
You should also make sure that your jewelry is as clean as it can be before you get it appraised. The cleaner your jewelry, the better it will look and the more expensive it will appear. If you take dirty jewelry to a pawn shop, you probably won’t get as much for it as you would if you cleaned it. You don’t have to do a deep clean, but make sure you wipe off any fingerprints and dust that may be on your pieces.
Determine What You Can Lose
If you need to pawn your jewelry for extra cash, you should know that you may not get the pieces back. After you get an appraisal on your jewelry, consider how much cash you need and which pieces you won’t miss if you lose them. While you may get more money for a specific piece of jewelry, it may not be worth it if the piece has a lot of sentimental value to you. So make sure to strike a balance between getting enough money but not sacrificing too much of your jewelry.
Choose the Right Pawnshop
Once you’re ready to pawn the jewelry, you need to choose the right pawn shop. If you live in a city, you probably have access to multiple options. So look for a shop with a pawnbroker’s license. You should also figure out how the shop will store your jewelry. Reputable shops will have no problem talking about their license and their item storage policies.
Pawn Your Jewelry
Once you find a pawnshop that you like and trust, take your jewelry in. The pawnbroker will probably assess the items you have, but you can also bring any papers from your appraisal. You may need to sign a few documents when you pawn your items, and then you can get the cash you need.
Pawning jewelry can be an easy way to get some extra cash, but it’s a risk if you pawn unique items. Make sure you know the basics before you take your jewelry to your local pawn shop.