Don’t know what to do with your old jewelry? Why not sell it to a pawn shop and make some easy cash?
Unless they are broken beyond repair, pawn shops will almost always pawn or buy used watches for a hefty price. Luxury watches are especially coveted by pawn shops seeking out quality second-hand pieces to boost their collection to sell.
Look up shops that don’t have many luxury watches on hand to land some serious cash.
Local pawn shops will always take any jewelry made up of precious metals like platinum and gold. Silver and “gold-plated” jewelry will likely bring you a fair amount of cash, too, but not nearly as much as, say, a platinum necklace or a pair of gold earrings.
Your jewelry doesn’t even have to be in the best shape, either. Bits and pieces of old jewelry can be used to sustain newer ones. It may even be melted down to create gold bars or new jewelry pieces altogether.
Of course, the better the quality of the piece, the more money a shop may be willing to give you for it.
Turns out diamonds are a pawn shop’s best friend, too. Even a small diamond will fetch you a decent amount of cash at a pawn shop.
If you have a diamond to sell or pawn off but aren’t sure if it’s authentic or not, don’t worry about it. Most pawn shops have an on-site expert that will look into it for you and make you an offer based on their findings.
To test for authenticity and determine its value, they will often look into the “4 Cs” of diamonds—carat, cut, clarity, and color. They will use similar scales to test other precious gemstones as well.
Because pawn shops always have customers looking for good diamond jewelry pieces or those looking for loose diamonds to create their own custom piece, you can bet diamonds are always in high-demand (and have high pay-outs).
There are far more precious stones out there besides diamonds. If you’ve got a good sapphire, ruby, opal, amethyst, topaz, emerald, or other valuable gemstone piece lying around, your local pawn shop will definitely purchase it from you for a good price.
It may help to have appraised the gemstone piece through a reputable organization such as the American Society of Appraisers beforehand, too. These appraisers can determine the authenticity and general current value for your jewelry, letting you decide for yourself whether you wish to pawn or sell it off for some quick cash.
Check What’s Trendy
It is always a good idea to look into what pieces of jewelry are currently trending before selling off a few pieces to a pawn shop.
For instance, ever since Kate Middleton revealed her sapphire engagement ring, people started buying sapphire jewelry pieces. If you sold a sapphire piece during that craze, you might have gotten a little more for it then than you would nowadays.