Facing A Budget Crisis? 4 Steps To Take When Pawning Your Jewelry

Posted on: 26 October 2017

There's no telling when a budget crunch is going to hit. When it does, you need to know that there's a way out of it. One way to get out of a temporary budget crunch is to pawn your old jewelry. One benefit of pawning your jewelry is that you can get your jewelry back once your crisis is over. Another benefit is that pawning your old jewelry doesn't come with the high interest rates that taking out a short-term loan will come with, especially if you've been looking at a payday loan. Before you pawn your jewelry, here are four steps you should take that will make the process go smoother.

Have Your Jewelry Appraised First

If you're going to pawn your old jewelry, take the time to have it appraised first. This is particularly important if you think that some of your jewelry is antique or of higher value. Your pawnbroker will know what the jewelry is worth, but you might not. Unfortunately, that could create a stressful situation when you think you're being low-balled but you're really not. If you know what your jewelry is worth, you won't be surprised by the offers you receive from your pawnbroker. Not only that, but knowing the value in advance will give you a good starting off point for the negotiations.

Bring In Your Best Pieces

If you're facing a budget crisis, make sure you bring your best pieces to the pawnshop. This will ensure that you bring something your pawnbroker will be interested in. Most pawnshops will have their fair share of costume jewelry, so you might not get as much as you'd like for the less-valuable pieces. However, if you bring in pieces that are of a higher value, or popularity, you'll have a better chance at pawning your jewelry for a good price.

Make Sure It's Clean

This might seem like a little thing, but make sure you clean your jewelry before you bring it to the pawnshop. Your pawnbroker will have an easier time determining the value of your jewelry if the tarnish and grime have been removed. Not only that, but when it comes to heirloom jewelry, cleaning your pieces will allow the pawnbroker to see identifying marks that could increase the value.

Know Your Pawnshop

If you're going to be pawning your old jewelry, spend some time getting to know the pawnbrokers in your community. Each pawnshop will cater to a specific type of merchandise. Getting to know your pawnbrokers will help you identify the pawnshops that sell the most jewelry. It will also help you build a rapport with your pawnbroker before you bring your jewelry into the store.

For more information and tips, contact a local pawn shop or visit websites like http://www.mainepawn.net.

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