In Atlanta, pawning unwanted jewelry is an easy and popular way to clear out some clutter and make a little extra cash. Still, it’s important to do a little research to make sure you’re getting a fair price for your baubles. Here’s what you need to know before you attempt to pawn jewelry in Atlanta.
Concentrate on These Metals
Before you try pawning your jewelry, make sure it’s made from a metal that’s of interest to pawn brokers. Most pawn shops are interested in gold and platinum jewelry, and some will also accept silver pieces. Newer jewelry metals like titanium and tungsten may not worth much at the pawn shop. Check with your pawn broker to find out which metals he or she is interested in before you make a trip.
Know the Size of Your Diamond
Diamond rings are a popular item to pawn, but you should know the exact carat weight of your stone before you visit the pawn shop. Why? Often, diamonds that are 0.5 carats and under will fetch a paltry price at the pawn shop. Smaller stones are so common that many pawn dealers are flooded with them. However, if your diamond is larger than 0.5 carats you may be able to get a worthwhile deal. On the pawn market, larger stones are rarer and more in demand.
Do Your Homework
Before you pawn jewelry in Atlanta, do your homework so you can recognize an unfair quote. Call the pawn shop ahead of time, and ask what the going rate is per gram on your gold, platinum or silver. Afterwards, weigh your jewelry with a digital scale. You’ll then be able to calculate a rough value of your jewelry. If the pawn broker offers you much less than this in the store, beware.
Bring a Certified Appraisal
If you have a certified appraisal or gemological report for your jewelry, take it with you to the pawn shop. You’ll often get a better price if you have this type of documentation. One caveat: Appraisals that are older than 3 years may have little impact on the worth of your jewelry. If your piece is particularly valuable, you may want to pay for an updated appraisal before you attempt to pawn it.
Pawning your unwanted jewelry can be worthwhile, but it pays to be smart. A little research can help you get the best price for your pieces.
