Whether you need quick cash or just looking to upgrade your jewelry collection, it can be tempting to sell or pawn your unwanted jewelry. However, there are a few things to keep in mind before making your decision.

Pawn Shops

The most common reason people pawn jewelry is that they need immediate cash. Pawn or sell jewelry can be for an emergency, such as an unexpected bill or to pay off a debt. Pawn shops can offer quick cash, often without a credit check and within a short term (typically 30 to 90 days). But if you’re considering this option, make sure you do your research and visit several local pawn shops to ensure you’re getting the best price for your jewelry.

It’s important to remember that pawn shops only value precious metals and stones, so they usually turn down gold-plated or costume jewelry pieces. Additionally, pawning jewelry can be dangerous, as it’s likely to become lost or stolen in the process.

Selling Jewelry

Typically, the most reliable way to get the highest value for your jewelry is to sell it to a jeweler. They’ll have the expertise and resources to appraise your piece and give you a fair price for it. Plus, the process can take longer than a pawnshop, but it’s worth it in the long run to make sure you’re getting the most out of your jewelry.

Another benefit of selling to a jeweler is that they can often offer better prices than online marketplaces for similar items. Plus, if you need to reclaim your jewelry, it’s much easier with a jeweler that’s familiar with the item and its history.