Pawn shops are a treasure trove of bargain-priced jewelry. Unlike jewelry stores that push expensive add-ons and high-interest financing, pawnshops focus on transparency and fair pricing. They also offer a relaxed, low-pressure environment where shoppers can shop at their own pace. Plus, pawning or selling jewelry at a pawnshop is discreet and private, which can be a big draw for people who prefer to avoid the public eye.

Gold jewelry, pawn shop jewelry rings, tends to be in high demand at pawnshops, and can yield a substantial return. The price of gold depends on its karat, purity, and weight. Luxury watches, such as Cartier, Van Cleef & Arpels, and Bulgari, can also yield good returns if they are in mint condition with original packaging and certificates of authenticity.

Quick Pawn Shops: How to Get Cash in Minutes

It’s important to research your jewelry before heading to the pawnshop, so you know what you’re looking at. Read online reviews and visit a few local pawnshops to see what they have to offer for your items. Also, remember to pay back the pawnshop loan on time so you can recover your jewelry.

The pawnshop business model typically offers less than what your jewelry is worth, and it’s not always the best option if you want to sell something of value. It’s a good idea to sell a valuable item through another channel such as an estate sale or auction to maximize the return. However, if you’re in an emergency situation and need to quickly sell your jewelry, a pawnshop is the fastest option.