Pawnbroking is one of the oldest trades in the world, and are still very much in demand today. Pawn shops provide quick and easy access to money for short term loans where banks may not be able to help. Pawnbrokers operate in most towns and cities, loaning money against collateral items, buying unwanted goods and selling them in their shop.
There are many reasons customers chose to pawn or sell jewellery in a pawn broker. Financial constraints of the modern times have left many people out of work, out of cash, or simply requiring short term loans and financial support. One option for people in this position is to sell unwanted jewellery or gold for cash at a pawn shop. The flexibility of being able to pawn an item and return for it later is appealing to many, others may simply wish to sell gold or jewellery, not requiring the option to buy it back.
There is no such thing as a typical pawnbroker customer, meaning the range of jewellery available is extremely varied. From antique diamond engagement rings to modern silver, you are likely to find unique jewellery and sometimes custom pieces which are not available on the commercial High Street. Buying jewellery from a pawnbroker may mean you find the perfect pre-loved item at a reduced cost, as items for sale in a pawn shop are largely those which have been pawned and not reclaimed. Much of the jewellery is of a high standard as people want cash for gold, it's price being especially high at the moment. Other precious metals and stones may also run at a premium at times, causing an upsurge in the number of people selling and pawning their jewellery.
Pawnbrokers are able to sell high quality jewellery at very reasonable prices as the amount of money they loan is usually low against the true value of the item. They do this to protect themselves against those who do not return to collect their pawned item and pay the loan back. Because they loan a lower amount pawn shops are usually able to charge less for the jewellery the end up with in their shop display.
Buying jewellery from a pawn broker is a great way to find an original piece, and save money at the same time. Some pawn shop jewellers also offer the design and manufacture of rings and other jewellery created by their own jewellers to a high standard. They may also offer jewellery repair services and stone setting, and should be members of the National Association of Goldsmiths in this instance. They may also offer brand new jewellery for sale in store. The price range of jewellery available from a pawn shop or pawn broker may range from 10 to 50,000, so there is usually something to suit all tastes and budgets.
When searching for jewellery either for yourself or as a gift, be sure to include your local pawnbroker in your search as they may be able to offer you exactly what you are looking for at an affordable price.