Why Pawnshops Are the Best Places to Buy Jewelry

Photo by king kong on Unsplash

When in the mood to shop for new bling, many people instantly flock to their local jewelry store. After all, it’s the familiar, popular, and (one would assume) safe option. However, we know the obvious choice isn’t always the best one.

If you’ve never considered buying jewelry from a pawnshop, you are most certainly missing out! We're giving you five reasons why pawnshops are the best places to hunt for quality jewelry. And take note, you’ll want to read this article before the other bargain hunters do! *wink

1. Huge savings


In a pawnshop, you pay for an item’s intrinsic value, not the swanky ambiance of some fancy luxury store. Retail jewelry has incredible markups—think of the retailers, designers, manufacturers, and salespersons who all have to be paid, plus the staff salaries and operating costs of running a jewelry store. What’s more, their profit margin isn't exactly an afterthought. Since these factors are more or less nullified with secondhand jewelry, you purchase the goodies from a pawnshop at a fraction of their retail cost.

2. Negotiable prices


The affordable prices may have taken your breath away, but wait, there’s more—they’re likely negotiable, too! That means you may get an even better deal than the selling price. Haggling has traditionally been a common practice in pawnshops—of course, this depends on the individual establishment. But as independent business owners, pawnbrokers do have the flexibility to negotiate a deal that makes you both happy. Win-win!

3. Unique selections

Jewelry retailers sell mass-produced trinkets with cookie-cutter designs to fill up countless department stores. Even fine, high-end jewelry brands display based on current collections and trends. But walk inside a pawnshop, and you never know what you might find: you may discover the latest designs from a famous brand or a one-of-a-kind vintage, classic jewelry piece. It's a treasure trove of great (and maybe rare) finds. Plus, the inventory is constantly rotating, so new items are added all the time.

4. Authentic pieces

Whether pawnshops sell authentic pieces is something you can take on faith. After all, they won’t accept items they can’t sell. If customers approach them for a loan, they won’t collateralize something of dubious value—it’s simply bad for business. Most pawnshops have tests or equipment that validate the genuineness of jewelry. Also, pawnbrokers have street-smarts from regularly dealing with items of value. Of course, it won't hurt on your part to ask for an appraisal or certification, too.

5. Convenient transaction


With new items coming in day in and day out, pawnbrokers are more concerned with keeping their inventory moving; ergo, the buying process is usually done pronto with no credit checks required. Contrast this with jewelry stores, where you won’t be allowed to buy what you want if you have bad credit or adverse banking history. Most pawnshops also offer layaway programs or flexible payment options. Great convenience and practicality all around!

Conclusion


We hope these five reasons have motivated you to shop with confidence at your pawnshop of choice. Of course, the bottom line is finding a piece of jewelry you love. We made the case that pawnshops offer items of incredible value and a fantastic customer experience. If you are open-minded and adventurous, shopping for jewelry at your local pawnshop can be a much more exciting experience than buying from the same old same old jewelry store.

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