Reasons Why You Should Sell Jewelry To Pawn Shops

Reasons Why You Should Sell Jewelry To Pawn Shops

Selling jewelry is a great way to get quick cash and get rid of pieces you do not wear anymore. Millions of Americans have gold, silver, and platinum jewelry pieces that they do not wear and that would often be better sold for cash. When it comes to selling jewelry there are a few options. You could always try to sell the jewelry to a friend or try selling it online on a virtual marketplace, however, working with a pawn shop can often get you the best results for a few key reasons. Here at Paradise Pawn in the Bronx we operate two locations in NYC that buy, sell, and provide loans for jewelry. Keep reading to learn more about the benefits of pawning jewelry, or click below to get in touch with our team. 

Selling Jewelry to A Pawn Store Gets You Immediate Cash

If you are considering selling jewelry, you do not want to wait weeks or months to find a buyer. Online marketplaces make it difficult to find a buyer who is willing to pay a fair price for your jewelry. On top of that, digital marketplaces can make the process slower overall. Going to a pawn shop allows you to get quick cash. A pawn shop will make an offer based on what they believe your jewelry is worth and you can walk out with your cash right then and there. If you need quick cash, a pawn shop is the way to go. 

Pawn Shops Understand The Value of Jewelry

Pawn shops base every purchase and pawn loan on the exact resale value of items. While they are not going to provide you the full resale value (since that is how they will make a profit) the will provide you a percentage based on what they believe they can sell your jewelry for. Pawn shops are extremely in-tune with jewelry reselling and gold prices in their local areas. And because pawn shops are part of their local community they thrive on their reputation. It is in their best interest to provide fair and competitive prices when buying or selling jewelry. If you use an online marketplace you might get talked into selling the jewelry for substantially less than what it is really worth. 

Jewelry Doesn't Have To Be In Perfect Condition To Be Sold

Jewelry that is made with gold, silver, or platinum has value even if it is never going to be worn again. Many people shopping for jewelry online, or jewelry stores that resell used jewelry will make offers based on what the piece is worth. If the jewelry is scuffed or damaged you might not find any buyers. But pawn shops often purchase jewelry based on the value of the precious metals or stones in the jewelry. If jewelry cannot be resold as a piece, a pawn shop can sell the metal. 

Pawn Shops Are Safe and Confidential

One of the benefits of working with pawn shops is that no one is involved in your business. When you take a pawn loan it will not affect your credit score or your ability to get loans in the future. And when you sell items to a pawn shop you do not have to advertise that you are selling the item. Working with a pawn shop is a quick solution. 

Sell, Buy, or Pawn Jewelry in NYC

If you live in New York City and you are interested in buying, selling or pawning Jewelry in the area, please contact our team. We would be happy to discuss our services.