Should I Pawn Jewelry at a Pawn Shop?

The famous three gold balls sign of a pawnbroker's shop, above a street in Great Yarmouth, Norfolk, eastern England.

Pawning jewelry at a pawn shop is a great way to bridge the gap between pay day and any emergency you are facing. Pawnbrokers are always willing to lend on estate jewelry, diamond jewelry and gold jewelry because those items retain their value and are quick to sell off the store shelves.

People who have never utilized a pawn shop before are sometimes worried about parting with their jewelry, however, pawning jewelry at a pawn shop is very safe. In order to get a pawn loan you simply bring your collateral to the pawnbroker who will assess its value and offer you a loan amount.

Once you have agreed on the amount you will be required to fill out paperwork. Don’t be afraid to ask questions if you don’t understand the terms of the loan. You should be provided with information including the interest rate and repayment dates. You’ll walk away with the cash you need to cover your unexpected expenses. Once you have repaid your loan your jewelry will be safely returned to you.