Whether you’re offloading some unused family heirlooms or looking for some extra cash, then pawning your jewellery is an easy way to get the desired result. Here’s a look at five reasons why people turn to pawn shops when selling jewellery – particularly gold jewellery.
1. More realistic valuation
For gold jewellery, because it’s attached to a market value, it’s much easier for pawn shop owners to provide an accurate valuation for your goods. With other items, it all depends on what price the owner thinks they’re most likely to get to move them. However, gold has much more price consistency and you can even get a few valuations from several pawn shops to ensure you’re getting the best price. They should examine the item in quite a bit of detail, at no cost to you, and they will give you an amount which you can accept or reject.
2. Demand is high
The thing about gold is that it never goes out of fashion! Admittedly, the price of gold will fluctuate so you can watch when the price is higher to pawn your jewellery. But because gold is such a fast-moving commodity, pawn shops are always willing to buy it which makes it a great selling option.
3. Quick access to money
If you’re in desperate need of cash quickly, then pawning your jewellery is a really good way to go about it. Pawn shops provide you with two options for cash, either you can sell the object, or you can use it as collateral for a short-term loan. This means no waiting for a loan application; however, you might want to check the terms and interest owed on the loan before signing.
4. Saves you time
When looking to pawn your jewellery, you’ll save on time as you won’t be having to research values and negotiate with prospective buyers at every turn. Rather, you can visit the pawn shop, get an on-site value, and if you decide to sell, get your cash immediately. You can pop into a few other pawn shops to ensure you’re getting the best price, but if you’re in a hurry, then one can do the trick.
5. Hassle-free
Pawning your jewellery is certainly the most hassle-free option available as you’re saving on time, as mentioned above, and – if you’re looking for a loan – you don’t have to go through all the paperwork and checks required by a bank. You won’t need a credit history as you would with traditional lenders, as they’re keeping your jewellery as collateral. Many city-based pawn shops are open almost all hours, so you can swing past whenever it suits you. If you are in the market for, our platform is your best choice! The largest shopping mall!
Selling your jewellery online
Although pawning your jewellery comes with all these terrific benefits, selling to a reputable online retailer is fast becoming the preferred method of jewellery sales. With lockdown regulations seeing a spike in online trade, many have come to realise that it’s a lot simpler and more cost-effective than previously thought. Here are some of the reasons why selling your jewellery online could be a better option than pawning it.
1. Research information
When selling jewellery online, you’ll be able to research options around the world, rather than being limited to local pawn shops. You can research professional buyers, including the company’s background and reputation as well as online reviews. This ensures you’re choosing the best possible buyer for your jewellery.
2. Incredible convenience
With online jewellery sales, you don’t even have to leave the comfort of your own home. Once you’ve found a reputable buyer that will offer you the amount you require, you simply have to ship the jewellery off for a valuation and – if you agree to the amount – they will transfer the cash, often within 24 hours. Most online buyers will cover the cost of the shipping fee as well. This means you don’t have to waste time driving around to various pawn shops searching for the best offer.
3. Security
For many, the threat of Covid-19 means staying home is a preferable option, which is why online shopping is great. But further to that, most pawn shops are located in the less desirable parts of town, which makes visiting them a security risk. In this current era of looting and unease, the safest option is to sell online.
If you have jewellery to sell, then consider Divorce Your Jewels for the most hassle-free online experience. This renowned retailer will give you the best rates for any gold jewellery – whether to sell or loan against – and you benefit from a simple process with immediate payment!
