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Tuesday, May 28 2019
Make Money With Your Unwanted Jewelry This Summer

It can be surprising how quickly people can accrue jewelry that may end up being unwanted in their lives, and then not know what to do with it. It is difficult to just “get rid of” something that could be worth a lot of money potentially, or might have lost the sentimental value that was attached to it. Whether you need some extra cash, want to clean out and refresh your jewelry collection, or are trying to downsize, a pawn shop might be the best option for you. Rather than trying to assess the value on your own and wait for someone looking for a bargain to purchase on eBay or Craigslist, your local pawnbroker will be able to give you a payout on the spot, and a fair price since they will be knowledgeable about jewelry value. 

So, how much will you get for your jewelry? It depends on a couple things, most importantly quality of materials. First, let’s talk about gold. You will always be able to make a decent sum of money from gold jewelry, although the exact value can rise and fall according to the market. 24 karat gold will of course bring in more money than something that is only gold-plated. But any kind of gold jewelry will always be popular, and if you are in need of money or want to get rid of some jewelry that does not fit your style a pawn broker will be able to help you out.

Watches can bring in a tidy sum of money, especially if they are a popular or luxury brand name. Make sure that the watch is in good condition and working order. Patek Philippe, Piaget, Rolex, Seiko, and Swatch will all be good options to pawn since they are in demand, as well as other big brand names. 

Diamonds are always a great option for pawning. They will always have a relatively high value in the market and are a popular item to buy, so a pawn broker will give you a good price for yours. When you’re thinking about the value of your diamond, consider the four C’s. That is, use the clarity, cut, carat, and color to come up with a price estimation. This is a good system for considering most gems like rubies and tanzanite, as well. 

Antiques always depend on the location. Make sure to look for a pawn shop that has a good demographic for selling antiques, or else neither of you will be able to land on an appealing deal. 

In preparation for taking your jewelry to the pawn store, there is a little preparation you can do to make the process smooth for everyone. Evaluate how much your items are worth in the market, and then understand that a pawn broker may not be able to offer you the top price if the item isn’t selling particularly well in your area. Then, make sure to clean all of your jewelry to present them in the best light and quality possible. Then, sit back and let your pawn broker take care of your unwanted jewelry!

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731 Chestnut St. Philadelphia, PA 19106 -  (215) 922-1560