How To Pawn Jewelry At A Pawn Shop

So you need to come up with some quick cash and have some jewelry that you can let go of for a short period of time. Don’t worry, I’m not talking about selling it, just letting someone hold on to it, in a secure location, so that you can barrow some money.

If you are worried about having your jewelry in a pawn shop you can relax.

Most pawnbrokers are extremely ethical and honest people.

On top of that, their businesses are commonly regulated by state laws and most of the time state agencies will come in to audit the shops on a regular basis.

It’s very unlikely that anything will happen to your jewelry while it is on loan in a pawnshop.

These are people that are in the business of having large amounts of jewelry on hand and very rarely ever have a problem with it.

How To Pawn Jewelry For The Most Money

The first thing you have to figure out is what kind of jewelry is it.

Is It:

  • Silver
  • Gold
  • Costume or some other kind of jewelry?

Knowing that up front will save you a lot of time and heart ache when you do get to the pawn shop.

If you want to get the most money out of your jewelry, you’ve got to start with a quality metal. You will want to stick with gold and platinum and avoid silver or costume jewelry as it won’t have the same kind of value.

Take your heavier items with you as most pawn shops will want to weight them to determine how much gold or platinum is actually there.

Of course anything with a single big diamond would be the best route to go as multiple little diamonds just won’t have the same value to the pawnbroker.

How To Clean Jewelry Before You Pawn It

The first thing you should do is use a tooth brush and some soapy water to clean the items thoroughly.

When it comes to rings lotion and dead skin will often build up on the inside of the band. That can cover up the karat marking so you will want to be sure to really get in there and scrub anything out that you can.

After that, start scrubbing around the prongs and stones to get and dirt or lotion out from underneath them. When a diamond is dirty, it can often appear tan or yellow which normally indicates a lower quality stone. So if you want to get the most out of your jewelry when you pawn it, you’ve got to scrub that dirt away from the diamonds and prongs to make your ring look it’s very best.

After you’ve scrubbed any of the tougher dirt off of your jewelry, you should use a ‘jewelry cleaner’ to remove any tarnish that might have built up on the metal and not been removed by the toothbrush.

By using a jewelry cleaner your metal will shine and really look like a quality piece when you show it to the pawnbroker.

What To Bring To The Pawn Shop With Your Jewelry

If you have any paperwork for your jewelry make sure you bring it with you when you go to make the loan. This is particularly important if diamonds are involved.

The most common kind of paperwork people might have for their jewelry is an appraisal. Just be aware that the price listed on that appraisal isn’t the actual value of your item – it is just a retail price for replacing it if your insurance company had to reimburse you for any reason.

Don’t forget to take your state ID as that is commonly required to make a pawn loan in most states.

How To Pawn Jewelry Like A True Pro

negotiationIf you really want to be prepared, shop your item around and various pawn shops to see what you are offered. Once you have an idea what you can get for it, go back to the highest offer and see if you can get just a few dollars more for you item.

Typically if you don’t push the limits to hard, you can get an extra 5-10% for your items if you approach them currently.

Don’t be aggressive with the staff. Be very polite, very nice but do be a little firm on what you are looking for. The worst case scenario is that you will take their original offer which was the highest to begin with.

Another tactic you can employ is to ask them if they would pay more for it if they were to buy it outright instead of just making a pawn loan against it. If they would be willing to buy it for me, try to strike a deal someplace in the middle because you already know that it is in the realm of possibility to get that dollar amount out of your jewelry.

The Nerd’s Experience

As hard as it may be, don’t push the folks at the pawn shop too aggressively. Remember that if you offend them or come across as rude or aggressive, they can deny your business at any point in time. So be polite, gentle even – but be firm on the money side of it.

Never, ever lose your temper. That will also get you the worst possible outcome.

And That’s About It…

As always, if you have any questions or comments leave them for me in the comment field and I’ll be happy to answer as quickly as I can.

Take care,

The Head Nerd