Pawn shops are a convenient and quick way to raise cash for an emergency, but it is important to be aware of what you should and shouldn’t pawn. This article discusses the pros and cons of pawn shop jewelry so that you can make the best decision for your situation.

Pawn shop jewelry is often discounted as compared to traditional jewelry stores, which allows you to purchase the pieces you desire without breaking your budget. Pawn shops acquire jewelry from a variety of sources, including forfeited collateral from pawn loans and purchases made by customers. Because of this, the quality and authenticity of the jewelry varies. However, if you are willing to do some research, it is possible to find beautiful, high-quality jewelry at a fraction of the retail price.

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Gold and silver jewelry are popular pawn shop items because they are a precious metal and have consistent value. However, it is important to know that pawn shops typically appraise and price jewelry based on their ability to sell the piece quickly for the highest amount. As such, they may overlook some fine craftsmanship in jewelry and may not always appreciate the beauty of a diamond.

Gemstone jewelry is another popular item found at pawn shops. From a statement necklace adorned with a sapphire to an elegant ring featuring a ruby, you can find a wide variety of gemstone jewelry at pawn shops. However, it is important to be aware that pawn shops are typically only interested in pure metals and may turn down jewelry that is gold-plated or costume.