Getting the Most for Your Jewelry at a Pawn Shop
If you have unwanted jewelry and need some quick cash, then you might be thinking about using a pawn shop near you. Before boxing your jewelry and heading to the shop though, here are a few things which can help increase the value you receive from your old treasures.
You'll first want to make sure your jewelry is clean. If you bring in old, dirty jewelry then the pawn clerk has little to go on when computing your price. When cleaning your jewelry, there are two things to keep in mind: being careful not to damage your pieces, and showcasing your jewelry's quality. When you clean your jewelry, an old toothbrush is the best way to get into any small grooves, and is a gentle alternative to other cleaning methods. Secondly, pay special attention to any markings or precious stones while cleaning your jewelry. Karat markings, dates and other informative etchings can greatly increase the value of your jewelry. The color, clarity and general quality of a stone is also a big money-maker when selling or pawning your jewelry.
In addition to the look of your jewelry, if you have any documentation about the age or origin of your piece then that can also positively impact your price. Some documents you might have would be a receipt, appraisal or certificate. These documents are a great way to have an approximate market value as a starting point for your pawn loan amount. A receipt will let the pawn clerk know how much you paid for the item, but it’s important to know that this doesn’t mean your offer will be the exact same amount. Similarly with an appraisal, you can show what it would cost to replace your piece. If your jewelry is old or in some way unique, then a certificate of authenticity is a great bargaining tool.
Once your jewelry is looking its best and has a well documented retail price and history, the last thing you should keep in mind for getting the most out of your jewelry is to haggle. Haggling is generally expected in a pawn shop and can increase your value anywhere from 5% to 10%. The most successful hagglers are both firm and polite, it's important not to be rude or aggressive. Both you and the pawn clerk are trying to make a deal, you will both leave the bargaining table happy when you’ve treated each other with respect and kindness.
To sell jewelry in Carlsbad at a pawn shop is a great way to get a lot of value for your pieces, so long as you keep these tips in mind. Having clean, documented jewelry and being prepared for a bit of bargaining can go a long way toward increasing your sale or pawn price.
Chloe is has over 25 years of experience dealing with precious metals and stones. You can find her thoughts at about gold blog.