Pawn shops are often a lifesaver for those who need to sell items to make ends meet. They offer quick cash for gold, jewelry and other valuables that people don’t want to part with. This article will explore some of the best pawn shops that take jewelry, as well as how much you can expect to get for your items.
Typically, pawnbrokers are interested in only the most precious metals, such as gold and silver, and the finest stones. They may turn down gold-plated items and costume jewelry. It’s a good idea to bring in your jewelry for an appraisal. An appraiser or jeweler can give you an estimate of the true value of your jewelry, so you know what to expect when pawning it.
Pawn Shops That Take Jewelry: What You Need to Know
It’s important to note that pawn shops typically pay only about thirty to sixty percent of an item’s true value. This is due to the overhead costs and state of the resale market. Additionally, many pawn shop employees are skilled negotiators and can find small, imperceptible flaws in jewelry to lower the price.
For this reason, it’s usually better to sell jewelry to a jewelry store instead of a pawnshop. Jewelry stores can offer a more fair price and can help you avoid getting taken advantage of. If you’re in a hurry, it’s best to bring your items to a reputable jeweler that offers fair prices and expert guidance. If you’re on Long Island, consider bringing your jewelry to Collectors Coins and Jewelry. They’ve been trusted for over 75 years and have three generations of fine jewelry and pawn loan expertise.
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