In this world, you never know where life is going to take you. There may come a time when you need to make some money real quick. During those times, a pawn shop is by your side. Pawn shops are a great place to go when you need fast cash and you have jewelry that is of value.
When pawning your jewelry, the pawn shop will be using it as collateral. This means if you don’t pay the loan back, along with any fees associated with it, then they will keep the jewelry.
Jewelry is one of the top items pawn shops will accept in exchange for money. You may not get anywhere close to the amount of money the merchandise is worth, but with some tips at hand, you can get the best deal possible.
Know the Value of Your Jewelry
Before you take your jewelry to the pawn shop, it would be a good idea that you know the value of this. This may not get you what your jewelry is really worth, but by knowing the value of it, it will give you bargaining power if you are in need of more money than what they offer.
Feel Free to Negotiate
Chances are, when the pawnbroker offers you a price, they will tell you that the price they give you is as high as they’re willing to go – that’s how they do things. Many times, you will be able to get more out of them, and that is why we tell you it is important to know the value of your jewelry.
If you have no idea what the jewelry is worth, then it will be hard for you to ask for more money. Also, don’t walk in expecting to get full value for the piece of jewelry, but with a little bit of haggling, it is possible for you to get more than what they offer at first.
Avoid Looking Desperate
When you go into a pawn shop, you may need money to pay your rent, car payment, electricity bill, or whatever, but do not look desperate. If you walk into a pawn shop with desperation written all over your face, then the pawnbroker will see this and know that you will be more likely to settle for their price. So, whatever you do, no matter how bad things are, don’t look like you’re desperate for money.
Clean the Jewelry Up
When you’re selling something, you want it to look as presentable as possible, so go ahead and clean it up. If you have the original papers and packaging, go ahead and bring that along with you as well.
With these tips in mind, the next time you need some fast cash and you take your jewelry to a pawn shop, you will be able to increase your chances of getting more money out of your jewelry.
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