Selling or Pawning Championship Rings

February 19, 2020 - Antiques, Art and Collectibles

On the field, athletes can be thought of as gods who are perfect in every way.

Sometimes us little people forget that they are normal human beings who, like the rest of us, are susceptible to financial needs. A popular thing for athletes to do when facing financial hardships is to sell or pawn any valuable sports memorabilia like jerseys, game balls, autographs, or trophies. Due to their high value, perhaps most popular of all among athletes looking to make extra cash are championship rings. If you have a championship ring you want to pawn or sell, here are a few tips:

Don’t go too crazy with the cleaning

Sometimes cleaning does more harm than good. Using any chemical agents or an ultrasonic cleaner can ruin the finish of your ring. The best way to clean your championship ring is to have it steamed. Steaming a ring removes all the oils and dirt the ring may have and restores the ring’s shine.

Leave the scratches and dents alone

If a ring has any scratches or dents, just leave it alone; the pawn shop to whom you sell it can take care of that. Usually when there are scratches and dents on a ring, the ring is lightly hand buffered to remove the scratches.  However, this process may remove some of the gold in the ring, which decreases its value.

Have paperwork with you

Take with you any paperwork that proves the ring’s authenticity and your right to legal ownership of the ring. This makes pawn shops really comfortable buying or offering you a good amount on a ring. If you have no paperwork, a pawn shop can’t buy or offer you a loan for your championship ring.

If you follow these tips when selling or pawning your championship ring, it should go a long way towards making sure that you are offered good money.

If you have any questions or need advice on selling or pawning your item, shoot me a message at help@pawnguru.com. We’re always eager to help!
Jordan Birnholtz

Jordan Birnholtz is the cofounder of PawnGuru. An alumnus of the University of Michigan, Jordan started PawnGuru in 2015 with Jon Polter, David Stiebel, and Jessica Zahnd. When he's not working at PawnGuru, Jordan volunteers his time to support undergraduates in building socially-responsible businesses and organizations through Optimize, a program at the University of Michigan.

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