The Advantages of Selling Jewelry at Local Pawnshops

by | Nov 19, 2014 | Jewelry

Recent Articles



There are a number of different questions people have when they’re looking to sell unwanted gold jewelry. Whether the jewelry is out of style or perhaps it’s broken, the question that people ask the most is which place is better to sell gold jewelry, a jewelry store or pawn shop. It’s a very important question to ask, and there are a couple things to keep in mind. So, if you’re considering selling broken or unwanted gold jewelry to Local Pawnshops or a jewelry store, here are a few things to consider.

The first thing that many people want to know is how much money they can get for the jewelry that they’re selling. In addition, most people want to know if a jewelry store will offer more money than a pawn shop, or vice versa. The fact is that jewelry stores and pawn shops alike use the same standard for pricing. However, the price of gold will vary on a daily basis. In addition, a jewelry store or pawn shop may have times where they have a larger inventory of gold jewelry. In these cases, this might be reflected in lower buying prices for the gold you’re looking to sell. If they don’t have a very good inventory, then they may be more motivated to buy your gold at a higher price.

Since there isn’t any clear winner when it comes to Local Pawnshops or jewelry stores that buy unwanted jewelry, the next question is how much money can a person realistically expect to get. The truth is that pawnshops and jewelry stores need to factor in their profits when buying gold jewelry. In addition, they need to structure their purchases in a way that if the value of gold dips dramatically in a short period of time, they can still be profitable. For that reason, jewelry stores and pawn shops like Major Pawn will typically offer between 40% and 80% of the jewelry’s actual value.

There are a number of other things to consider when choosing a place to sell your unwanted or broken gold jewelry. Things like reputation or how long the business has been operating are things that can positively or negatively affect who you choose. However, if you are looking to sell unwanted gold jewelry, there are plenty of places you can go to get a fair price.



1840102_l 6103412_l

Related Articles