February 07, 2020 - Jewelry & Luxury Items
We get it. Your class ring is probably something you’ve hardly worn over the years, and as time goes on, it’s nice to get rid of old unused items. Especially for cash.
At PawnGuru, we’ll tell you where to sell old class rings near you for cash quickly. Read on to learn what to do with your class ring and the most hassle-free way to part ways with your old jewelry.
The best place to sell old class rings for the most money is at a pawn shop. That’s right! These shops are plentiful in most cities and you can often find them in small to medium sized towns.
Pawn shops do three things. They either buy your used item, re-sell it in the store, or give you a cash loan using your item as collateral.
In this case, you’ll be looking for a pawn shop to buy your class ring so that you can get same-day cash in hand. This means you’ll be parting ways with it permanently.
Pawn shops will buy your old jewelry and give you cash for it, as long as it is made out of precious materials. Precious materials are stones or metals that hold value. For instance, diamonds, rubies, silver, gold and platinum.
At a pawn shop, they’ll either be assessing your class ring for its potential to resell or for them to sell it to be melted down for its precious metal and for the stones to be resold.
It’s unlikely a pawnbroker will want to resell your ring as is, since class rings aren’t in demand such as wedding rings and engagement rings are. They’re too personalized and often not considered very attractive.
Do you feel uneasy about entering a pawn shop because of the unfamiliarities and what you’ve seen in the media? If so, hear us out for a minute.
The popular media have historically portrayed pawnshops in a negative light, but in recent years, popular shows such as Pawn Stars have brought to light the expertise and professionalism that pawnbrokers offer their customers.
Appraising various items of value takes a ton of experience. It also takes a ton of business sense to be able to run a pawn shop and resell the items for a profit. In essence, these guys know what they’re talking about. You just want to make sure that the pawn shop you visit is one that buys and sells jewelry.
Does that sound like too much research?
PawnGuru does the research for you. It’s free to use PawnGuru, and we match you with pawn shops in your area that are interested in buying your old class rings.
In terms of the prices, the shops you’re introduced to on PawnGuru will give you a price upfront. All you need to do is enter the pawn shop with the best offer afterward to let them check out your ring in person and to get the cash in hand.
Here’s how to sell old class rings using PawnGuru:
Now that you know where to sell old class rings, you might be interested in learning more about selling jewelry through PawnGuru. We suggest the articles below.
David Stiebel is one of the cofounders of PawnGuru. David was educated at MIT, where he studied Math. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. He started PawnGuru to build a better tool for pawn shops and consumers to connect.More Articles