Pawning Vs. Selling: Which Is Better?
353 Views

If your gold jewellery needs a special touch to bring it back to its original glory, you can always get custom-made pieces either through the jewellery store or the mall. Alternatively, you could pawn them at your nearest pawn shop if they are of no use. Pawnshops typically offer an ample number of deals for their customers and also includes other services like selling and buying diamonds, watches, coins and more! Now, let’s get down to what kind of deals do these stores provide.

WHAT MIGHT IT COST YOU?

In order to accomplish a task, it usually takes time, money and effort. The same goes for pawning gold jewellery. It’s all about the process. However, there are different ways to go about pawning off your gold jewellery without hitting the banks, the jeweller or even the pawnshop itself. With this in mind, I’ll be explaining two of them: Pawning and Selling.

PAWNING OFF GOLD JEWELRY

Pawnshops allow you to cash in on items that you can’t sell due to some reasons like being damaged or sentimental value. Pawn Jewelry allows you to sell certain pieces of your gold jewellery. It’s a process in which you basically get loans for your valuables, and the shopkeeper gets to hold on to it in exchange for the money you receive. If the piece is worth enough for the amount being loaned off, then you get your gold jewellery back, sometimes even with more cash in hand!

However, there are a few terms and conditions to go by as well. For instance, it’s common for you to give up possession of your valuables as collateral until you pay off the entire amount before getting them back. The pawnshop will always inform you about what they require from you in return. Furthermore, it is considered that pawn jewellery has a high-risk factor since it is not as safe as selling your gold jewellery off to a store or an individual.

However, if the valuables are considered to be valuable, then it’s best to take a look at their value before you decide whether you want to pawn them off or sell them.

IF YOU WANT TO SELL YOUR GOLD JEWELRY

A pawnshop is not the only way for you to sell your gold jewellery. There’s also another option that a lot of people find easier and faster: Selling it directly to someone who is interested in buying it from you!

Selling your gold jewellery directly can be quite tricky for some people since they do not know where exactly should they go about doing it. Instead of getting pawn jewellery, they might go what I would call “back to their roots” and sell it in the mall.

HOW MUCH DO YOU NEED TO SELL?

Depending on the type of gold jewellery you have, you might need more than other people who are trying to pawn off their valuables. It’s also not cheap. The higher the quality of your gold jewellery, the more money you’re likely to get.

MAJOR DIFFERENCE BETWEEN PAWNING & SELLING

The major difference between pawning and selling is that when you sell your gold jewellery to a pawn shop or a jeweller, you don’t get anything in return. All they’ve got is the gold jewellery, while you end up with nothing at all.

When you sell your gold jewellery directly to a customer, however, he will be giving money in return for the original value of the item. It’s not just like an exchange; it’s actually an exchange of money for your gold jewellery! How great would that be?! Don’t think that pawnshops are the only place where you can get a decent amount of cash for your gold jewellery. You can also go to jewellery stores or even the mall if you really want to sell your gold items.

However, don’t forget to give yourself enough time and effort when selling your gold jewellery.

WHICH IS BETTER BETWEEN PAWNING & SELLING?

Both of the methods are equally good. It’s all about what you’re looking for and what you can afford. Personally, I don’t think that selling jewellery directly is as good as pawning it off since there are no guarantees that the customer will keep his word. That’s why it’s best to think carefully before taking any action. When you can afford it, then pawning it off is the preferred option.

CONCLUSION

Pawn Jewelry is one of the most common ways to help you make money if you are in desperate need of cash. Pawning your valuables can be very fast.

Pawning is actually better than selling your gold jewellery since there are a lot of risks involved specifically when dealing with bail agents, jewellers and other people who are interested in buying your gold items. The risks are higher if you do not have the right kind of information when dealing with them! Gold is really important especially if it comes to pawning them off or selling them in return for cash.

Leave comment

Your email address will not be published. Required fields are marked with *.