February 06, 2020 - Pawn Resources
To pawn, or not to pawn?
While pawning can be a great option if you’re in a bind, you want to make sure that you’re going into it with your eyes open, and aren’t going to get taken for a ride.
There are certain items that you should always have appraised before pawning, to make sure that you get a deal that you’re happy with.
Here’s our guide to what you should get appraised before pawning.
To the untrained eye, it can be very difficult to tell the difference between real and costume jewelry.
If you don’t know what you’ve got, you could end up accepting a low-ball offer without even realizing it.
To make sure you’re not taken for a ride, get an appraisal or two. Make sure you’re confident that you know what you’ve got.
Be sure to find out as much information about it as you can, as this will help pawn shop appraisers to come to the most accurate valuation.
Also, take into account the specialism of the pawn shop when choosing which one to use. Some specialize in jewelry, including pricing gold and silver, while others are more focused on guns or antiques.
Discuss the appraisal process and the reference guides they use with the in-house appraiser to be sure that you’re getting the best appraisal you can. Don’t be afraid to shop around.
If you have a piece that is one of a kind, or a limited issue, it’s worth doing some extra homework before parting with it.
Some items may have a family story attached to them or bear certain markings that indicate they’re a limited edition. Internet research can be helpful, but can quickly go out of date.
Take these items for an appraisal, and you’ll be able to enter negotiations on a stronger footing.
Depending on what’s currently hot and what’s not, the price of antiques can vary wildly depending on when you come to pawn or sell them.
That’s why an up to date appraisal is a worthwhile exercise.
Select an appraiser who knows what they’re talking about. Appraisers tend to specialize in quite niche areas, so do some local research, or check online with the Appraisers Association of America, using their ‘Find an Appraiser‘ function.
The same goes for paintings, or other works of art, that you suspect may have some value. Items with manufacturers’ marks, or artists signatures, are particularly worth investigating.
Nobody wants to lose out because of not taking the time to do their homework. If you have something in one of the above categories, make sure you’re getting as close as possible to its open market value.
Don’t be afraid to shop around to get yourself the best deal.
Whether you’re looking to pawn or sell, at PawnGuru.com, we’ve got your back.
We can connect you with multiple pawn shops, helping you to get a deal you’re happy with.
Fill out our pawn request form today, and see the offers start flooding in.
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