Mega Gold Jewelry
  • Call Us Today: 305-269-6957

  • Home
  • About Us
  • Services
  • Selling Gold
  • Before You Sell
  • Buy & Loan Items
  • Contact & Hours
  • Consejos
  • Tips
  • Class Rings
  • Blog
  • Rates & Terms

Blog

Pawn Shops or Garage Sales – Which is Best?

 

So, when it comes to getting rid of old items that you don’t want anymore, you have a couple of different choices. Most people would usually organize some kind of garage sale. However, we would recommend that you go through a pawnshop instead.

Obviously, it’s not just about taking what we say at face value, because there is a whole argument for using a pawnshop over something like a garage sale. Let’s talk about what we mean so you can get a better understanding of what could be available to you.

Garage Sales Aren’t the Best

The big problem with a garage sale is that you’re not getting the best value every time. Obviously, with a garage sale, you put everything out and invite people to come and have a look. People will make offers for things that they find based on what they think the item is worth, and it’s up to you to agree or disagree with the offer and then make a sale.

Naturally, as a strategy, this has a tendency to go a bit wrong. The immediate problem is that you’re not likely to know the value of all of the items before you start the sale. This means that somebody might offer you $10 for a tennis racket, but the reality is that the racket is actually worth $60. However, because you don’t know, and you’re just trying to clear off some space, you accept the sale and lose $50 on the racket.

You might be forgiven if you think this is an isolated, one-time event but it isn’t. The truth is that you might set out to make a few hundred dollars but find yourself with a lot less at the end.

Pawn Shops Work Better

At the end of the day, most people know that a pawnshop is the better choice for anybody who is looking to sell items and make a reasonable profit. The typical pawnshop is likely to give you a fair price for your goods, which makes it easy for you to get what you need. If you don’t know what your item is worth, they’ll be able to give you a valuation based on the current market rate, and you can use this to make a sale.

You should never feel ashamed or worried about using a pawnshop. Lots of people do it all the time, it’s a very normal way to make money, and it has been proven to have a lot of benefits.

Pawn Shop Beats Garage Sale

We would definitely say that a pawnshop beats a garage sale. Selling items to the pawnshop is one of the best things that you can do because it’s quick and easy. You’re almost guaranteed to walk out with the cash value that you wanted, and it can be a good way to sell a lot of valuable items very quickly. You don’t have to take your chances with a garage sale, so it’s worth doing.

Posted on June 7, 2023 by E.M Gonzalez in Blog Comments Off on Pawn Shops or Garage Sales – Which is Best?

Pawn Loan Basics

When it comes to taking out a pawn loan, many people get confused as to what the rules and regulations are. This is perfectly normal, but it is important to understand what your responsibilities are and how pawn loans work.

The shop that you take the loan out with has a responsibility to scrutinise and be sensible when they check to see if you are eligible for a loan. Let’s talk about what may happen when you try and take out a pawn lawn, as well as what to expect.

Checking Age and Basic Information

In nearly every situation, you will be asked to provide basic information about yourself to take a loan from a pawnshop. This will include being asked to prove your age, as you must legally be 18 years old or over to take out the loan, as well as a few other things depending on the area you are in. You may be asked to provide your address, contact number, or other personal information.

In the event that you are found to be lying about any of the information that you provide, there could be serious consequences. Therefore, it is better to simply tell the truth and then get the loan.

Some Checks Where Necessary

It is possible that you will be expected to undergo a few basic checks. If you are attempting to sell a valuable or rare item. This is because lots of items are stolen from properties and then sold at pawn shops as a way to ditch the item and pocket the cash.

If there are similar items currently wanted as part of police investigations, then you may be asked a few basic questions about the history of the item and when you acquired it to verify that it is yours. If answers are too suspicious, then pawn shops may be expected to refuse you a loan and ask that you work with local authorities as part of their investigation before they give you anything.

If you are asked questions about the item, this does not automatically suggest that you are doing something suspicious. In some cases, rare items will get questions either way because staff need to know how much the item is worth, what it is, and how they can get a valuation if necessary.

Understand the Process

So, when it comes to things like selling to a pawnshop, you’ve got a lot of options. Obviously, if you’re trying to sell an item, there have to be a few basic checks to make sure that it is yours and that you are eligible to get a loan. However, don’t be alarmed if you’re asked a few questions about the item; this is often just to establish value and authenticity. After all, a pawnshop has a responsibility to try and be as authentic as possible, and all the items can often be forgeries or fakes, so it’s important to check.

 

 

 

 

 

 

Posted on May 30, 2023 by E.M Gonzalez in Blog Comments Off on Pawn Loan Basics

Factors to Consider When Selling a Rolex

So, if you want to be able to sell a Rolex, there are a couple of things to keep in mind. It’s possible that you can sell a Rolex and make quite a bit of money doing it, but there are a few factors that you need to keep in mind when doing so. These are all things which influence the price and overall value of the Rolex, so let’s take a look.

Physical Condition

The physical condition of your Rolex is very important. You need to be able to give a clear and honest description of how looked after your Rolex has been. The physical condition can influence price quite a bit, but it’s not the main driving factor. Most experts and private sellers accept that vintage products have a little bit of wear, and they are willing to overlook minor cosmetic issues.

Material and Finish Types

The different materials and finishes which are incorporated into a Rolex will vary depending on when it was constructed and for which collection. However, it’s important to make sure that these materials and finishes are all in good condition and to note certain types of materials used in the construction of a Rolex will make it worth more money than others.

The Glass or Bezel

The glass used in the construction of the dial of your Rolex will have an impact on the price. Glass which has been scuffed and damaged making it harder to read the dial will impact the value of your watch. The best prices are available to those Rolexes which have their dials protected, with minimal scuffing and scratch marks.

Performance

Any Rolex that you want to sell will be judged on how well it performs. Those Rolexes which don’t work may require repairs or replacement parts to perform effectively, and will have an influence on the price. Ideally, you will have a Rolex which is in good condition, works well, and still has all of the original parts. However, if you don’t, this will bring the value down.

Box, Papers and Accessories

When trying to sell a Rolex, it’s important to have all of the original materials and box available if possible. Any accessories that came with the Rolex will also help, as complete collections fetch more money. If your Rolex has a certificate of authenticity, then this is definitely something that needs to be included because it will help to verify that the watch is genuine.

 

Sell With Confidence

So, when it comes to trying to sell a Rolex, there are definitely a handful of different things to keep in mind. When it comes to overall condition and materials, the better quality you have, the more you will get as a price. However, even older Rolexes can fetch higher value despite being somewhat damaged because they are much harder to come by. We purchase Rolexes at competitive prices, and have no qualms about making a deal with you.

Posted on May 17, 2023 by E.M Gonzalez in Blog Comments Off on Factors to Consider When Selling a Rolex

Need to Earn Cash Quickly? Try a Pawnshop!

We’ve all been in a situation where money has been a little tighter, and we’ve wanted some extra cash to get through to the end of the month. However, rather than opting for one of the many “get-rich-quick” schemes that we see in the world – which are fraught with risk – the way to make money has been right in front of you the whole time.

That’s right; it’s the pawnshop. Selling items you don’t need or want is a great way to bring in some extra cash, and it’s easy to do. Let’s talk about what you should be doing with a pawnshop and how it can help you.

Sell For Cash

The great thing about a pawn shop is that you can walk into it with items and then walk out with cash. It’s often that simple, and it helps a lot of people with trying to make it through to payday.

You can sell whatever you want to a pawnshop in exchange for the cash you need. Some people sell jewellery and family items, and others will do things like trade electronics. Because you’ve got so many choices, nearly everybody can sell at a pawnshop, making them a good opportunity to make cash quickly.

Pawning is a Good Option

If you want to be able to get the best value for your items and still be able to keep them, then pawning your items is often the recommended course of action.

If you sell your items, then they are gone forever, and you can’t get them back. However, if you take out a pawn loan, you offer out the items as collateral, but you keep the money. When you want the items back, you repay the loan. There is often a fixed period in which to do this, so it’s not like you can just leave your items forever, but a loan means that you can go back for a beloved piece of jewellery later once you get paid.

Lots of people prefer this option because it means they can trade valuables for cash, but it’s not a permanent solution. You can go back and get the items if they have value to you, but if not, you can just let the time run down on the loan, and the shop will keep the items as collateral.

Pawnshops Help a Lot

So, it’s ultimately up to you what you do with pawnshops, but they are a good way to make money quickly. If you need a quick injection of cash, they’re definitely the recommended option because they’re easy to use and work well. However, with that being said, it’s important to acknowledge that you have multiple options at your disposal.

You can either outright sell products, or you can get a loan with the items you own as collateral. Whichever option you choose to do, it’s clear that this is a great way to make money and a good way to get you through to the next paycheck.

Posted on May 10, 2023 by E.M Gonzalez in Blog Comments Off on Need to Earn Cash Quickly? Try a Pawnshop!

Understanding Rolex Value and Sales

Selling a Rolex is easy to do. There are plenty of sellers out there who are more than happy to purchase a Rolex. We will buy nearly any Rolex for a competitive price. However, with that being said, it’s important to understand that there are two types of value when it comes to Rolexes. There is the market value and the retail value.

The retail value is generally lower, whereas the market value tends to be higher. You need to understand the value of your Rolex and why you may not get the price you think you deserve for it.

The Cost of Business

A common tactic among a lot of private companies is to offer you a lower value for the Rolex than you think it is worth. You might have gone online and done research to discover that your Rolex is worth $1000. However, somebody only offers you $700. This doesn’t make sense to you, but from a retail perspective, it makes a lot of sense.

Lots of private companies and businesses will offer you a lower value because they have to sell the Rolex and make money from it. If they offer you a lower price, this means that they then have to take it from you, give you the money, and then spend money getting the Rolex ready to be sold before they can see a profit. This means they have to do things like basic maintenance, cleaning, and advertising.

Understandably, these costs have to come from somewhere, and this is usually reflected in the lower offers that you get from a lot of private buyers.

We Don’t Lowball

We encourage you to take a proper look at the market value of your Rolex and have that figure on hand when you look around to try and make a sale. We personally don’t believe in lowballing our customers, so it’s not something we believe in doing. We will give you the full market value of your Rolex wherever we can because we know that you want to get as much money as possible.

The only situation where this won’t apply at all is usually at the hands of private collectors who are more than happy to pay full price for a Rolex because they’re not trying to sell it – they’re adding it to their collection. However, these people are often few and far between, so your best bet is usually picking a company that’s going to give you a good deal.

Sell Smart

Ultimately, when it comes to selling a Rolex, it’s important to be wary of this particular part of private sales. We will never try and do this, but there are lots of companies that do, so we don’t recommend going to them. It’s important to know what the market value of your Rolex is because you need to be able to make the right decisions with it. We’re here to help!

Posted on May 3, 2023 by E.M Gonzalez in Blog Comments Off on Understanding Rolex Value and Sales

Why Should You Sell a Rolex With the Box and Papers?

Whenever we talk about selling a Rolex, we often stress the importance of selling with the box and paperwork. You might brush over this advice because the box might be somewhere in a storage chest, and you don’t know where to look for it. Alternatively, you may not have the full paperwork for the Rolex.

However, there are actually a lot of benefits to selling with the box and full paperwork. Let’s take a proper look at what these benefits are and see if they encourage you to dig out the box or try and get a replacement one to sell with.
Increases the Price

Obviously, the first thing that you will gain from having the box and paperwork for a Rolex is an increase in price. As a collector’s item, the value of your Rolex is much higher when all of the original components are present and correct.

The amount that the value of your item will increase depends on the condition of the box and the watch itself, but it is possible to see your Rolex sharply increase in value. We can definitely pay more for a watch that has its box and paperwork intact.
Authenticity

You might not know this, but there are a lot of fake Rolex watches being sold every day. There are many people who feel they can create a counterfeit watch that looks the same as the original, collect full price for it and cheat somebody out of their money. It’s a very deplorable action, but one that happens more than you think.

Obviously, you need to be able to prove that your watch is not fake, which is why having the paperwork and the box can help to authenticate the watch for collectors and buyers. We can check the authenticity of the paperwork and the watch, but having all of it makes it easier for us.
It Looks a Lot Better

The original box that your Rolex came in is just as much a piece of history as the watch itself, which is why it is important to try and safeguard it until you want to sell the watch.

You definitely need to keep this piece of history intact because it looks a lot better when you want to try and sell. Having a watch which is complete with the original box and paperwork looks better than just an ordinary watch sitting by itself.
Sell a Rolex Today

If you’re going to sell a Rolex, the best thing you can do is have the original box and paperwork. If you can’t find it, then it may be worth looking online to see if there are any replacement boxes being sold. Having a complete set helps to increase the value of your Rolex and authenticate it. It means that we can give you the best price if we buy the Rolex from you, so it’s well worth keeping the original box somewhere safe until you want to sell.

Posted on April 19, 2023 by E.M Gonzalez in Blog Comments Off on Why Should You Sell a Rolex With the Box and Papers?

How Long Does a Pawnshop Need to Hold Your Items For?

Selling to a pawn shop is a good way to make some quick cash, so it’s not surprising that people do it frequently. However, how long can a pawn shop hold your item? Do they hang onto your family heirloom forever?

The truth is that the length of time a pawn shop can hold your items will depend on your relationship with them. It’s also dependent on what you agreed to with the pawn shop when you get cash for your items. It’s a bit confusing to understand, so let’s go talk about it properly.

A Recap on Pawning Items

So, let’s kick this off by talking about how you can successfully pawn off your items in a pawnshop.

It’s a simple process which people do all the time. What you’re going to want to do is go into the pawnshop and sell your items for cash. It’s that easy. However, there are a few catches to this. The first and most obvious of these is that when you want to get your items back, you can – you just have to pay back the loan.

How Long Can Items Be Held?

When it comes to the items that you give to a pawnshop, it’s important to understand that they can be held for a minimum of 30 days.

In most cases, it’s down to the specific rules of the pawnshop in the state you are in. Different states have different rules. You may also enter into an agreement with the pawnshop as to the duration of your loan and the time you have to pay it back in.

The fundamental premise behind a pawn shop loan is very simple. If you fail to pay back the loan within a certain period, then you cannot get your items back, and they become the property of the pawnshop and will be put up for sale.

The length of time that you have to pay back the loan will depend on you. You will have made an agreement with your pawnshop in advance, and this agreement will influence how long you can wait to pay back an item. You definitely need to remain on the ball when it comes to paying back your loan because if you don’t do it on time, then your items will be forfeited and sold to cover the cost of the loan.

Keep Track of the Time For Your Loan

It’s pretty important to keep track of time when thinking about a loan. You will obviously want to make sure that you pay it back at the right speed to guarantee that it resolves with no issues. The length of time that your items will be kept for you depends on the agreement that you have arrived at with the pawnshop. While there is a legal limit which changes slightly with each state, the general minimum time is about 30 days.

Posted on March 29, 2023 by E.M Gonzalez in Blog Comments Off on How Long Does a Pawnshop Need to Hold Your Items For?

How Does a Title Pawn Work?

So, you want to take out a title pawn. You’ve probably heard about this particular type of loan from a pawn shop before. It’s a pretty good way to come up with cash quickly, especially when you don’t have access to a lot of funding. However, if you are going to get started with a title pawn, you need to understand how the process works and what you need to keep in mind. Let’s take a look and check out what you need to know.

So, What IS a Title Pawn?

A title pawn is all about using someone’s ownership of an asset as the collateral for your loan. This means that you’ll wager the vehicle as your security for taking out a loan instead of directly selling to a pawn shop.

How Does It Work?

So, a title pawn is usually only for a 30-day  loan term, and the borrower will be expected to pay the loan balance back in full plus interest to get their title.

One of the options that you have available is to pay more interest than you are expected to pay to cut down the principal balance. This will save you money in the future, so it’s recommended that you do it if you can afford to.

Is a Title Pawn For You?

There are a few benefits to getting a title pawn. Typically you will be able to borrow more money at a lower interest rate.

You can also enjoy things like getting same-day approval and being able to keep your vehicle whilst you are repaying the loan.

Do We Recommend a Title Pawn?

In a lot of ways, the title pawn is a good thing. However, if you’re going to try and make cash quickly, we recommend that you just sell your items.

Ultimately it’s just an easier, safer way to make sure that you get the cash you need with minimal disruptions. We know that occasionally people don’t want to part with their items, and we totally understand that, but it is also heavily recommended that you try and use this method where possible to get the results you need. It’s better than a title pawn, in our opinion.

Title Pawns Are Okay

So, here’s the thing. We love the idea of people using pawn shops to make a bit of money, but the thing you need to remember is that a title pawn isn’t always optimal. You need to try and sell your items where you can. It’s a much better way of doing things that gives you the same money without the hassle, so it’s well worth selling rather than using a title pawn loan. It’s definitely an option, but we would always recommend using the selling function before anything else because it has a proven track record for being effective. It might take a little while to figure out, but it’s worth it.

 

 

 

 

Posted on March 20, 2023 by E.M Gonzalez in Blog Comments Off on How Does a Title Pawn Work?

How the Condition Of Your Rolex Affects Price

Obviously, the price of your Rolex is going to be affected by the physical condition that it is in. While we understand that there is going to be a certain amount of visible aging on older models, there are a few different things that can massively change the amount that you can get for your Rolex.

In the interest of trying to be transparent with you, we thought we would take a look at what factors affect the condition of your Rolex and the corresponding impact that we have on the price that we can offer you.

Minor Cosmetic Damage

Unless you’re one of the few people that bought a Rolex and left it sitting inside a drawer without wearing it for 30 years to take it out and sell it for maximum value, your watch will probably have minor cosmetic damage.

This type of damage is perfectly normal and comes from somebody wearing the watch every day but still taking good care of it. If you are looking to sell your Rolex, most collectors and ourselves aren’t particularly bothered by cosmetic damage.

Replaced Parts

If your Rolex has any replaced parts, then it’s going to affect the value. It may seem perfectly normal for you to replace parts of your Rolex over time, especially if you are wearing it every day. You might get a new wrist strap or have to replace the face of the watch. These parts will most often be Rolex parts, but they’re not the original components of the watch. This will bring the price down because it’s not the same product that was released to the public years ago.

You should try and avoid these parts where you can. It’s difficult when the watch needs repairing, but if possible, try and avoid replacing anything.

Signs of Age Aren’t Necessarily Bad

The great thing about Rolexes is that even when they show signs of aging, this isn’t necessarily a bad thing. There are lots of situations where the value of the Rolex has improved with signs of aging. They represent part of history to collectors, and this makes them very popular.

It’s more of a case-by-case basis, so you need to carefully look at your Rolex before you try and sell it, but just know that, even though your watch looks a little beaten up, that doesn’t mean you can’t still get a good price for it.

Selling a Rolex Can Hinge on the Condition

As you can probably tell, the overall condition of your Rolex can affect how much money you would get for it. If you’re going to sell a Rolex, then try and keep it in good condition when you own it. If you get your watch professionally cleaned, ensure that they don’t use any harmful chemicals. Otherwise, you can definitely benefit from a Rolex that is in slightly worn condition. The passage of time helps to add distinctive markings to the watch, and some collectors like this. We can give you a pretty good price regardless, so feel free to ask us what we can do for you.

Posted on March 7, 2023 by E.M Gonzalez in Blog Comments Off on How the Condition Of Your Rolex Affects Price

Can You Sell a Gun to a Pawnshop?

If you own a firearm, then it can be worth selling it to a pawnshop. It’s a sensible idea and one that can give you a few different options. With that being said, we’d like to make sure you understand that there are a couple of different things to keep in mind when selling a firearm. It’s not just as simple as giving them the gun and walking away with the cash.

Because we’re on your side and recognise you probably don’t know any better, let’s take a look at some of what you should keep in mind when it comes to buying and selling firearms to pawn shops. Hopefully, we can save you a couple of awkward trips.

Can You Sell a Gun?

Well, technically, yes, you can. You can sell most things to a pawnshop; that’s why people like them so much. However, in practice, it’s not quite that simple.

If you were to walk into the pawnshop and ask to sell a gun, then nine times out of ten, somebody’s going to try and buy it from you. However, you also have to consider that there are both state and federal laws surrounding the sale of firearms. You need to understand what these rules are to avoid looking a bit silly.

First of all, not all pawn shops are legally allowed to purchase firearms. If they don’t have the license and registration required to do so, then they’ll just turn you away. That’s definitely one of those things you need to research beforehand to avoid looking like a fool.

Second of all, if you try to sell a firearm, you automatically trigger a background check in most states. If you’re trying to ditch a gun quickly because you’ve done something that’s questionably legal, don’t bother.

Top Considerations

Let’s finish this thing up in no particular order with a few considerations for selling a firearm in a pawnshop.

 

  1. Remove all the ammunition from the gun before you try and sell it. Nobody wants to handle a loaded firearm they don’t recognise just because you’re trying to sell one.

 

  1. If there is going to be a background check, make sure you have all the relevant forms of ID ready. The check will happen whether you want it to or not, so there’s no point fighting it.

 

  1. The final judgment of the pawnshop is the end of the discourse. If they don’t want to purchase it, politely accept it and try a different pawnshop.

Selling Your Gun

Selling a gun is not particularly difficult, and you can make money from doing it. However, you have to follow the rules and choose a shop that can handle your needs. While it’s normal to own a firearm, pawn shops have to protect both themselves and the business, so just do whatever it is they ask you to do. It makes the sales process a lot easier if you cooperate fully.

Posted on February 27, 2023 by E.M Gonzalez in Blog Comments Off on Can You Sell a Gun to a Pawnshop?
« Previous   1 2 3 4 5 6 7 8 9 10 ... 47 48   Next »
  • Mega Gold Jewelry
    • Home
    • About Us
    • Services
    • Selling Gold
    • Before You Sell
    • Buy & Loan Items
    • Contact & Hours
    • Consejos
    • Tips
    • Class Rings
    • Blog
    • Rates & Terms
  • /Home
  • /About Us
  • /Services
  • /Selling Gold
  • /Before You Sell
  • /Buy & Loan Items
  • /Contact & Hours
  • /Consejos
  • /Tips
  • /Class Rings
  • /Blog
  • /Rates & Terms