When you’re in trusted jewelry pawn shop of some extra cash, the first place many people think to go is a trusted jewelry pawn shop. While some may equate these businesses with subpar quality, there are plenty of reputable dealers in the market. You’ll find pieces at a fraction of their retail price and they’re often crafted with high-quality materials.

Many of the pieces available at pawn shops are sourced from individuals who bring in their valuables for collateral loans. This leads to a variety of unique finds that are difficult to discover at traditional retail jewelry stores. Many of these items are crafted with precious metals like gold, silver, and platinum. In addition, they also feature gems such as sapphires and rubies. These gemstones are typically certified to ensure authenticity.

Trusted Jewelry Pawn Shops That Offer Great Value

Pawn shops usually offer a fair market value for these items, which can be used to cover the amount of the loan. However, you’ll be required to pay back the amount of the loan with interest within a specific period of time. If you don’t, you will forfeit ownership of the item.

The best way to determine the true value of your jewelry is to get it appraised by a professional before bringing it in for pawning. This will help you decide whether or not the pawn shop offers you a fair deal. For instance, if you have a 28 gram 14kt gold chain, it’s likely worth $500 or less at a pawn shop depending on the current price of gold per ounce.