How Do Pawn Shops Determine the Value of Your Jewelry?
One of the fastest and easiest ways to sell your unwanted jewelry is to bring it to a pawn shop like Greenbrier Pawn. Of course, your first question might be about how much you’ll get paid for your jewelry. Naturally, this varies a lot and depends on the specific piece that you’re selling. Our in-store experts will evaluate your piece and make you an offer, whether you’re interested in using your jewelry as collateral for a pawn loan or if you want to sell it. These are some of the things that are considered when we’re figuring out the value of your jewelry.
Value of Your Metal
The first thing that we’ll look at when evaluating your jewelry is its metal composition. Put simply, some metals are more valuable than others. Even though you might have a nice sterling silver piece, for example, it simply will not be worth as much as a gold piece.
If you’re selling gold jewelry, the subtype of gold that it’s made from will impact its value. Yellow gold is more pure and is therefore more valuable than white or rose gold. The purity of the gold matters, too. For example, if you have a piece that is made of 24 karat gold, it’s going to be quite a bit more valuable than 14 karat gold.
The value of gold does fluctuate, as is the case with other metals. Therefore, the current value of gold -- or whatever valuable metal your jewelry is made from -- will impact your offer on the day you sell your piece.
Value of the Stones
Another thing that has a big impact on the value of your jewelry is the value of the stones that are featured in your piece. Of course, not all jewelry has gemstones. For example, a solid gold wedding band might not have any diamond or stones, and it therefore will only be valued based on its gold content.
Diamonds are some of the most valuable stones. The value of diamond jewelry is primarily based on the size of the diamond and the quality of the diamond. Jewelry that features other precious stones -- such as emeralds, rubies, or sapphires -- can also be quite valuable. Even semi-precious stones like pearls and turquoise can add to the value of your jewelry.
Condition of the Jewelry
At Greenbrier Pawn, we will still purchase gold or diamond jewelry that is broken. Just because your ring is missing a stone or has a damaged clasp doesn’t mean that we won’t purchase it.
However, the condition of your jewelry does impact its value. Seriously damaged gold jewelry can still be melted down and made into new jewelry, so it does still have value. However, damaged jewelry isn’t as valuable as jewelry that we can put in our jewelry cases and sell as-is.
Sometimes, there are other factors that impact the value of your jewelry. If your jewelry is from a popular designer, it’ll be worth more. If you can verify that your piece was owned by a famous person, we may be able to offer you a little more. Tell us as much as you can about your pieces when you bring them in so we can give you the best offer.
Visit Greenbrier Pawn Shop
If you’re thinking about selling your jewelry to a pawn shop and are wondering what you’ll get for it, all you have to do is stop by Greenbrier Pawn in Chesapeake. We’ll be happy to take a look for you. Our associates have tons of experience in evaluating jewelry of all different types, and we’ll offer you top dollar for your jewelry.