Jewelry and pawns are an inseparable part of people’s lives. Whether it’s a piece of jewelry that isn’t worn or a family heirloom, pawning can be a good way to overcome financial obstacles. While pawning can be a great option, it is important to consider the pros and cons before selling. Jewelry stores tend to offer better prices than pawn shops due to more stringent government regulation and a focus on providing high-quality items. Additionally, jewelry stores provide appraisals and guarantee authenticity.

Jewelry and Pawn: Comprehensive Guide

When deciding where to sell your jewelry, the first thing to do is research the daily market value of your item. In addition, it is best to visit several local pawnshops to compare prices and terms. Many pawnshops are competitive and will try to beat each other’s prices. It is also a good idea to bring an appraisal certificate with you so that the buyer can make a more informed decision.

While pawning your jewelry may seem like a viable option, it is important to remember that pawnbrokers only profit when you return the loan within the set time frame. If you fail to return the item, a pawnbroker can melt your jewelry down into pure metal and sell it for a higher price.

This is why it’s important to only pawn your most valuable pieces, such as diamonds and gold jewelry. EZPAWN sources its merchandise from various channels, including forfeited collateral from pawn loans and purchases from customers. This allows us to sell a wide variety of jewelry at lower costs than traditional jewelry stores.