There are a lot of reasons why you should visit your local pawn shop, whether you are in need of some quick cash or are simply interested in browsing through the shop’s selection of items, you’re sure to find something interesting at a pawn shop. Pawn shops get a bad reputation for various reasons, but they provide a valuable service to the community. There aren’t many other places where you can go and sell or pawn items that you may not need at the moment but need the cash value of, and you can always go back and pick them up at a later date. Pawn shops buy many different types of items, but something they are always looking for is jewelry, specifically fine jewelry metals. In most cases, jewelry is made with three different kinds of metal: gold, silver, and platinum. All three of these metals have value in their own right, and we will explain what that is below.
Platinum Jewelry
Platinum is by far one of the most valuable and expensive precious metals, but its value will depend a lot on the individual piece you are looking to pawn. A lot of things go into the valuation of jewelry metals, including purity and weight, as well as the market price of the metal when you are looking to pawn it. It is always best to do your own research on current prices and the status of the market for the metal you are looking to sell or pawn before you do so. This will ensure that you have the most up-to-date and relevant information on pricing when you are working on negotiating a deal and selling your platinum at the right time and not when the market is low for this metal.
Silver Jewelry
Silver, long considered one of the most classic precious metals, is a valuable and common metal used in many items, including jewelry. Similar to platinum, the value of your silver will be determined based on purity, weight, and the market price, but silver has been known to hold its value over time and will most likely continue to do so. If you have silver items you are not using lying around, you should consider selling or pawning them as they could have great value.
Gold Jewelry
Considered to be one of the most valuable precious metals on earth, gold is the standard for fine jewelry and precious metals. Not only is gold beautiful and luxurious, but it’s also known to hold its value extremely well. Like the other two precious jewelry metals we mentioned above, gold’s value will be determined based on its weight, purity, and market price. Gold above the other two is more valuable and will fetch you a larger cash amount should you decide to sell or pawn.
Buy, Sell, & Pawn Jewelry at Paradise Pawn.
At Bronx Pawn, we strive to offer the best possible pricing for all our customers at the best rates in the New York City Pawn industry. We accept most jewelry metals, including the three mentioned above, and would love to appraise and make an offer on your jewelry should you be looking to sell. Contact us today if you are interested in pawning any items, including jewelry, or visit us at one of our two Bronx locations.
