If you’re in the market for jewelry, the automatic impulse is to head to a local jewelry store or big box retailer. However, in this era of sustainable and savvy shopping, many consumers are turning to local pawn shops for their purchases. Pawn shop jewelry is often higher quality, more affordable and just as beautiful as jewelry from high-end boutiques.
local pawn shop jewelry carry a variety of jewelry, from classic necklaces and rings to modern pendants and chokers. They’re also likely to have a more diverse selection than traditional jewelry retailers because they buy pieces from individuals and other sources, not just wholesalers. This means that you can find unique and one-of-a-kind pieces that aren’t available at other places.
Local pawn shops also provide an efficient and straightforward way to obtain cash by using your jewelry as collateral. This can be helpful if you’re in a financial pinch and need immediate funds, and it’s easier than getting a bank loan. Plus, pawning your jewelry at a local pawn shop gives it new life while supporting a small business in your community.
The Benefits of Using Jewelry as Collateral
Before you head to your local pawn shop, determine how much money you need and what your priorities are when it comes to the jewelry you want to sell. Keep in mind that pawn shops are generally only interested in pure metals like gold and silver, and they may only offer about 60% to 70% of the item’s true value. Before selling your jewelry, you should also get it appraised by a jeweler or an appraiser to understand its true value.