There are plenty of reasons to take your jewelry to a pawn shop. Maybe you’re looking to get rid of some unwanted pieces. Perhaps you need money for a quick loan. Either way, jewelry pawning in Olathe, KS is one surefire way to turn your old jewelry into good money. To make sure you get the best deal for your jewelry and find the correct solution for your needs, you’ll need to know a little bit about how pawn shops work and how to prepare for the sale.
How does a pawn shop work?
For those who may not be aware, a pawn shop is more than just a storefront dealing in various eclectic items. In fact, it’s best to think of a pawn shop as more of a financial institution. When you bring in your jewelry, the person behind the counter at the pawn shop will likely offer you two options: a straightforward cash payout, or a short-term loan with interest.
If you’d like to eventually get your jewelry back, you should opt for the short-term loan. That said, you should be reasonably confident you will be able to pay back the loan before you commit to one.
Regardless of which outcome you’re looking for, there are some steps you should take to maximize the amount of money you secure.
Clean your jewelry
Before you start pawning your jewelry in Olathe, KS, make sure to give it a good scrub using non-corrosive substances. Just like you wouldn’t try to trade in an older vehicle without first running it through a car wash, you shouldn’t bring a ring or necklace into a pawn shop without making sure it looks its best. If the jewelry is in particularly bad shape, you should consider getting it to a jeweler for a quick shine.
Be ready to haggle
Once more: a pawn shop isn’t a regular storefront. That means you can haggle over the outcome as long as you have time (or as long as the owner is willing to participate). Don’t be afraid to negotiate with the pawn shop employee—it’s the best way to get the deal you deserve.
Know the (actual) value of the piece
The most powerful bargaining chip you can have when pawning your jewelry is knowing the market value of your piece. Don’t let sentimental value cloud your judgment—the pawn shop owner certainly won’t. If you’re driving up the price too high on a piece of jewelry with sentimental value, it could be a sign that you’re not ready to pawn. Either way, knowing how much you should realistically be able to get for an item will help you negotiate much better.
Come to a reputable establishment
If you’re thinking about pawning your jewelry in Olathe, KS, then come to Harrison Street Pawn. Since 1985, we’ve offered the best deals to our valued customers, whether they’re looking for a loan or they want to get rid of some unwanted items. We’ll even give you in-house credit if one of our exciting products catches your eye! Stop by today—we can’t wait to meet you!