2007-01-02 09:09:13 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
A pawn shop will not tell you the true value of your jewelry. Go to a local and reliable jewelery store. And get it evaluated there. They have no reason to tell you a lie. A pawn shop expects you to sell it so they will give you the lowest price possible.
Good luck with the Jewelry! Bye.
2007-01-02 09:13:02 · answer #1 · answered by mistyfan69 5 · 1⤊ 0⤋
Do not go to a pawn shop. First of all, there is a 700% mark-up on jewelry. That means the pawn broker will pay you at best 1/7 what it is worth, that is if you sell it to him. Then he will sell it for at least 1/2 of its value. Do the math. It's a different story if you go to him using the jewelry for collateral. He may still loan you 1/7 the value betting that you will not come back to pay off the loan.
Jewelry stores don't, as a rule, loan money on jewelry. They would offer to buy it maybe at a higher percentage, but I doubt it, because they want to make money also unless they are sure they can find a buyer that is looking for that particular type of jewelry. I hope this helps.
2007-01-02 15:37:07 · answer #2 · answered by gyro-nut64 3 · 0⤊ 0⤋
Never take anything to a pawn shop unless you are a drug addict and just want some quick cash. If you are lucky a pawn shop would give you 25% of what it's actually worth, that's how they can sell things for 50-75% of what things are worth. You can take it to a jewelry appraiser to get an accurate value, and some jewerly stores will do that too. From there you can sell on line like on e-bay or even try a news paper ad. List your sell price at 75-85% of it's value and keep your fingers crossed. But if the jewelry was actually inherited you may regret selling it years from now.
2007-01-02 09:36:49 · answer #3 · answered by arrow_gant_one 1 · 1⤊ 0⤋
I would not go to a pawn shop as they give you the lowest possible rate and yet it can still fluctuate and go lower. You should learn how to bargain but if not the best way is to find a professional person that you will pay for his estimate. Especially if these jewels are "antiquity" it could have a lot more value than you think. Don't tell that you want to sell. Just say that you want to know the real value of these antique jewels and that you are ready to pay for an estimation.
Anyway, never take the first offer, say that you will think about it and live. Go to another place and ask the same thing, you surprisingly will get a different answer. Then try a third place. And choose the best. That's the way to do it. Good luck.
2007-01-02 09:26:25 · answer #4 · answered by Nicolette 6 · 2⤊ 0⤋
Eh, when you go into the pawn shop and see jewelry for 300 dollars while he offers you 25 dollars for your piece, you may not get your full value.
2007-01-02 09:14:42 · answer #5 · answered by Horndog 5 · 1⤊ 0⤋
go to Ebay.com
2007-01-02 09:21:30 · answer #6 · answered by Leonardo 1 · 0⤊ 0⤋