Things To Keep In Mind When Pawning Jewelry

jewellery-1633124_960_720When one is in need of some quick money, an easy way to get it is to sell unused items that they may have. The only problem is that if the money is needed quickly, then a buyer must be rapidly found. Sometimes this can’t be done, so the best option is to take things to a pawn shop to either pawn them, or sell them outright. Pawning the items will generally yield a bigger return as the proprietor will be more eager to lend out more knowing they will be making interest on the item, but selling can still give one sufficient funds.

The real task is to locate those things that will give the best payoff. And since not everything is of equal value (and also since not everything resells as easily) one needs to be selective about what to pawn. You don’t, after all, want to go to the pawn shop to only leave with a fraction of what you wanted to get. The key to this lies in what items you should pawn.

So let’s take a look at what some of the best items are to pawn or sell for making a good return.

Jewelry is one that most people think of when pawning comes to mind. Watches would also fall into this category. Pawn shops will only pay a percentage of what the actual value is, so the pricier and more valuable the piece is to begin with, the more money you can walk away with. It really doesn’t matter whether you are talking about rings, necklaces or earrings, the importance lies in the quality of the stones or gold/silver. Size, clarity and condition are what matter here, and that is what the shop will be looking at when deciding how much to pay you for it. So if you are looking to make the most when you pawn jewelry, don’t bring in something that has tiny stones that were never of high quality and expect a high return.

In terms of watches, brand name and condition is the key. A nice Casio will not give you as much as a Rolex or Tag Heuer. So depending on what you have and how much money you need, you’ll need to accurately decide which watch to part with.