For those of you looking to make some extra cash without a hassle, you should consider pawning your gold jewelry that you no longer wear. Pawning your gold is quick and, though you may not make as much as selling to an individual, is incredibly easy. However, with the economy the way it is, every penny counts. So, if you’re thinking about pawning your gold, here a few tips that may help you along the way.
How to Pawn Your Gold
- First of all, you need to decide which pieces you’d like to sell – they should be ones you don’t mind parting with. Don’t force yourself into selling something that has a special meaning to you, because chances are you’ll regret that decision. Instead, you should pawn the pieces that are broken or are missing pieces, such as a single gold earring. You can sell old cuff links, tie clips, watches, necklaces, etc. 34 karat gold will probably get you a little more money.
- Get your items appraised before you head over to the pawn shop. You want to be prepared before you sell your gold. Going in without a clue to how much your pieces are worth will end up in you leaving with less than you deserve. You may even want to get them appraised at more than one place, just to be sure.
- Try to stay away from parties that involves a hostess inviting you over to meet a jeweler to sell your gold. By dealing with just one person, you are narrowing your options – this will leave you with less money than you could have made by exploring different places.
- When you begin looking for a place to sell your gold, begin with independent jewelers or pawn shops. Big chains may not be as willing to cut you a deal as a smaller place.
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