Apr 1, 2011

Mortgaging a Piece of Jewellery at a Local Pawn Shop

It is easy to sell pieces of jewellery at pawn shops. All you need to do is take the piece along with you to a pawn shop and express your intention of mortgaging the same for an amount of cash equivalent of its worth. However, what is important is getting a good deal from the pawn broker. You need to be aware of the current market rates.

There are number of pawn shops in the country. You need to choose a pawn shop in UK based on a number of factors. You can use the Internet to find pawn shops in the vicinity. You can read up customer reviews to acquire further information about a pawn shop.

You also need to do a bit of homework as far as the price of the jewellery is concerned. Otherwise, you run the risk of losing out on quite a substantial amount of money. If you consider selling off an expensive piece of jewellery, it is necessary that you get it appraised by a jeweller first. You can also get an idea of the price of the piece by looking up similar pieces of jewellery on e-commerce or auction websites.

If you are not quite confident about pulling off the deal on your own, you can take someone along with you, one who has dealt with pawn brokers before. You can polish the jewellery and then consider selling it off to a pawn broker to clear any marks.

Do not act desperate in front of the broker, even though you may need cash urgently. The pawn brokers would sense your desperation and would not budge from the offer that they make. You will have to mortgage the piece at a price quoted by them instead of getting what you would have actually wanted.

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