If you are looking to purchase a piece of jewelry and want to get a great deal, consider buying your jewelry from a pawn shop. At a pawn shop, you can often find jewelry that is cheaper in price than many jewelry stores. And, since they carry jewelry that people have sold them, they may have many different styles and types, allowing you more selection than you would find at a jewelers. When you are getting ready to buy from a pawn shop, here are three tips to help you get the best possible deal.
Do Your Research
Before you head into a pawn shop, take the time to research what different types of jewelry sell for. For example, if you are looking for a one-carat, princess-cut platinum ring, research the prices of those rings at jewelry shops and online. This will help you to spot a good deal and to avoid overpriced deals. While pawn shops often offering better pricing than jewelers, that may not always be the case, so doing your homework helps you to know what fair market value is for specific types of jewelry.
Ask for Certifications or Appraisals
Once you are in a pawn shop looking at jewelry, ask the pawn shop for certificates of appraisals. Many pawn shops have their jewelry certified or appraised so both sides know exactly what the pawn shop has and what the value of the item is. Since you are not a jeweler and cannot take the piece to a jeweler before buying it, asking for a certificate of appraisal is important.
Be Ready to Negotiate
Lastly, once you have found the piece of jewelry that speaks to you, be ready to negotiate. You can negotiate the price at a pawn shop. Knowing what a piece is worth helps increase your negotiating power. The amount of wiggle room that a pawn shop has varies, but most pawn shops try to pay about fifty percent of what they want to ask for the piece. Knowing this can help you to determine where to begin your negotiations, ensuring that you pay a fair price and that the pawn shop can make a return on their investment.
Prior to setting foot in a pawn shop to look for jewelry, take the time to do your homework. From there, ask a pawn shop for certificates of appraisals and do not be afraid to negotiate. Following each one of these tips can help you to get the best possible deal on the type of jewelry that you are looking for.
For more information, contact a company like the Pomona Pawn Shop.