Among all the things that get pawned, sold and bought in pawnshops, jewellery is the most widely accepted valuable item.
If you need cash fast pawning or selling jewellery offers quick and easy way to get cash.
If you are thinking of pawning or selling your jewellery, which would be you the most cash?
Pawnshops accept a wide range of jewellery including necklaces, bracelets, engagement, wedding rings, earrings, watches and a whole lot more.
What the pawnbroker looks at is the metal and the stones used in making the jewellery. They are important for determining the value of the jewellery. There are certain aspects that can help you calculate the value of your own jewellery:
Hallmarks show the material that is used, the purity and the producer of the jewellery. Hallmarks appear in all precious metals that have been manufactured within the last century unless it has worn off.
Different metals have different weights, some are heavier than others and have a higher value than others. Gold and silver are heavier than brass and pewter which is why these two are more valuable.
Pawnbrokers also look at signs of discolourations. Gold should not have any sign of discoloration, unless it is fake or gold-plated. Pawnbrokers also look at any scratches or dents.
As mentioned before, the composition of your jewellery is important to finding out what it’s real value is.
There might be a demand for a particular make or composition driving the market. So when you are looking for a “pawn shop near me”, you might want to find out what these pawnshops sell more of. For instance, gold is considered more valuable because of its durability, it does not tarnish and this is why it is more valuable than silver.
The purity of the gold is a big factor. Gold jewellery with a higher karat value will have a great value.
Gold comes in different colours. Yellow gold is more original but gold also come in other colours. Gold comes in rise, white or green. The colour fed not mean it has less quality gold only that there are other metal alloys added to give gold that specific color.
The make or brand of your jewellery has a great impact on the value because some brands hold the value better than others. If you have high brand Jewellery remember to bring along everything it can with including the original box, warranty cards, certificate of authenticity and the receipt. If your jewellery is by a popular brand, it can fetch a high price.
The current market value of the jewellery you want to pawn or sell will also have an effect on the price you will get from a “pawn shop near me.” So, you should consider the current market value of your Jewellery. Pawnbrokers know a lot about trends and the market trends so they will always take the market value into consideration.
It pays to be aware of these factors and to know what your own jewellery is worth before you take your jewellery to a pawnshop. Know the value of your jewellery before you pawn or sell it