20 Jun Tips and Tricks for Selling Your Jewelry at Pawn Shops
Sometimes, you may require urgent cash. In such urgency, you might want to take help from a pawn shop. Basically, you have to pawn your valuable belongings in the pawnshop. They will provide you money in return. In case you fail to repay the loan, they will not return your product. Jewelry is a popular item that people often pawn at these shops. There are many people who continuously type “I want to sell my gold jewelry for cash” on the search bar. But they do not get any proper search results. For them, pawn shops are an ideal option. ‘There are many pawn shops available to purchase your jewelry. But it is necessary to choose the right one for selling your valuable jewelry.
We are here to provide you some highly significant tips and tricks using which you can fetch a higher amount against your precious jewelry. Have a look:
Having an Idea of the Exact Value
Before you head towards a pawnbroker near you, you need to know the exact value of your jewelry. Although you will not get this exact amount from the pawnshop, yet you will be able to bargain in a much confident manner with the pawnbroker. If you do not have the slightest idea of the value of your jewelry, you will end up selling your jewelry for the amount that the broker will offer you.
When you are at the pawnshop, forget how badly you need the money. Do not look desperate at all. You need not show the slightest sign of desperation on your face. Your desperation will definitely lower down the amount of money that you can fetch from the pawnshop.
Art of Negotiation
You need to utilize your art of negotiation. The better you negotiate with the pawnbroker; the higher amount you can fetch for your jewelry. Without proper negotiation, you will end up accepting the broker’s offerings. So, prepare yourself for a good deal of negotiation.
Always make your piece of jewelry as attractive as possible. It is true that looks definitely matter. The better you present it in front of the pawnbroker, the higher he will be willing to pay for it. You cannot take your gold or silver jewelry in an old, shabby, and oxidized look. Polish it. Give it a shine. Clear off all the dust and dirt. Pack it in an attractive piece of packaging. All these will definitely increase the chances of you getting a better amount in return for your jewelry.
Price of Gold and Silver
Always keep yourself updated about the latest price of gold and silver. Their price tends to change almost every day. When the price is high, you know it is the right time to visit the pawnshop. Avoid going to a pawnbroker, when the prices are going low. Pawnshops indeed pawnshops buy silver as well as gold jewelry. But if you want to sell your diamond jewelry, then the trick mentioned above will not be of much use.
Knowledge About Demand
You need to have the idea if your piece of jewelry is in trend or not. If there is a high demand, then your pawnbroker will definitely agree to pay a higher amount for your jewelry. On the other hand, if your jewelry is not much in demand, then he will either refuse to buy or pawn it or offer a minimum amount for it.
If the pawnbroker does not agree with your offer, then you have the option to walk away. You can go to other pawn shops. Remember, you always have options. So, never settle down for less. Also, seeing you walk away, the broker may change his mind and offer you a better price.
Cleaning Up the Jewelry
Do not forget to clean your piece of jewelry before taking it to a pawn shop. The shinier and glittery it looks, the higher is the amount you can demand. For cleaning the jewelry, you can use home remedies. There is no need to buy artificial chemicals. You can simply use baking soda for restoring the natural glow of your jewelry. All you need to do is to make a paste of water and baking soda. You can use this paste to scrub gently over your jewelry. Then wash it off with lukewarm water. This natural cleansing agent is capable of cleaning all the dust, dirt, rust, and oxidation from the surface of the jewelry. It is capable of removing all the tarnish from your jewelry.
So, now that you know how to approach a pawnbroker near you for selling out or pawning your piece of jewelry, practice these tips and tricks confidently — using these tips will, for sure, fetch you a better deal.