Pawning jewelry is a common way to get quick cash. While the pawnbroker will offer a lower price for the jewelry than what it is worth, the money can be used to pay for an unexpected expense or to put a down payment on a car or house. 

It can be a convenient option to get cash quickly without having to sell your jewelry outright. There are a few things you should consider when pawning your jewelry. In this guide, we'll go over some do's and don'ts of pawning your jewelry.

1) DO: Pawn Your Golds or Silvers

Gold and silver tend to hold their value better than other types of jewelry. If you're looking to pawn jewelry, it's best to go with gold or silver. They are considered valuable metals not just because they are rare but because they are durable. They don't corrode or tarnish, meaning they can be stored and held as investments for longer periods of time. 

In terms of pawning, this makes them more valuable to buyers. Gold and silver jewelry will also hold its value over time, so you can be assured that you'll get back what you pawned it for - plus interest if you choose to go that route.

2) DON'T: Pawn Off Sentimental Items 

While gold and silver may be a good option for pawning, sentimental items are not. This is because they often hold more value to the owner than to anyone else. For example, a family heirloom may have been passed down for generations and hold a lot of sentimental value. 

Pawning it off would not only be emotionally difficult, but it would also likely result in getting a lower return than if you were to pawn off a less sentimental piece of jewelry.

3) DO: Check If You're Pawning Off a Fake

Before you pawn off any jewelry, be sure to check to make sure it's not a fake. This is because pawn shops are often targeted by counterfeiters.

To do this, take your jewelry to a reputable jeweler to have it appraised. If it turns out that your jewelry is not authentic, you may not get the full value for it when you pawn it off.

4) DON'T: Pawn Off an Item You Need

One of the biggest mistakes people make when pawning off jewelry is pawning off an item they need. This is because once you pawn off an item, you may not be able to get it back if you need it later on.

For example, if you pawn off your wedding ring, you may not be able to get it back if you need it for an upcoming wedding.

5) DO: Research Pawn Shops

Before you pawn off any jewelry, be sure to do your research on different pawn shops. This is because not all pawn shops are created equal.

Some pawn shops offer lower interest rates than others, while others may have a more lenient return policy. By doing your research, you can find the best pawn shop to sell your jewelry to.

Conclusion

Pawning jewelry can be a very important tool for people who are in need of money. It can provide a quick and easy way to get cash in a hurry, and it can also be a way to get a loan that can be paid back over time. By keeping these tips in mind, you can ensure that you get the best price for your jewelry.

If you are looking for a place to pawn your jewelry, River City Pawn is the right place for you. We are a pawn shop in Murray, KY that can help you get money for your valuables. Get in touch with us today to learn more.