Why Pawn Shops Make Some Of The Best Jewelry Stores

November 19, 2021

By admin

Comments

If you are considering visiting jewelry stores to find a great deal, you should add your local pawn shops to the list of shops you will visit. Yes, pawn shops are also jewelry stores, and you can find some pretty great deals on jewelry.

What is a Pawn Shop?

Pawn shops are businesses that provide loans to people. Customers pledge their goods (often jewelry) as collateral for the loan. These short-term loans are very simple to manage. You have X amount of time (usually 90 days) to pay the loan back or pay off the interest on the loan to extend it. Since there are about 11,000 pawn shops across the United States that generate about $14 billion annually, it’s likely that there’s a pawn shop nearby your home.

Why Shop A Pawn Shop For Jewelry?

When you shop in jewelry stores for jewelry you will pay more than you pay at a pawn shop for jewelry. Pawn shops usually sell jewelry way below market value. Unlike jewelry stores, pawn shops do not get their inventory from jewelry brands or designers, which drives the cost up. Pawn shops get their jewelry inventory from customers that do not pay off their loans. You can find tremendous savings at pawn shops. You can expect to save about 70% compared to jewelry stores.

Pawn shops do not sell the jewelry in their inventory based on style or design, they sell it at a price that is based on value. Everything that they sell has already been checked for authenticity.

What Kind of Jewelry Can You Find At Pawn Shops?

One of the best reasons, besides the tremendous savings, to shop at a pawn shop is because of the wide range of unique jewelry that you can come across. You will find engagement rings, wedding bands, bracelets, necklaces, watches, earrings, and more at your local pawn shop.

Many of the jewelry items that you find at pawn shops you can not find at jewelry stores. It is like a treasure hunt when you shop a pawn shop for your jewelry needs. You never know what you may find from vintage pieces to one-of-a-kind designer pieces, all at a seriously discounted price.

Shop Today and Save

Before you shop in the jewelry stores and overpay, shop at your local pawn shop. You will love the savings and the inventory will surprise you.

0 Comments

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Related Posts

5 Things to Know About Getting a Loan From a Pawn Shop

When you're in need of a loan, pawn shops are a potential solution. According to Statista, an estimated 30 million Americans use pawn shops each year, providing collateral in the form of their property to secure loans. If you're one of these 30 million people...

3 Tips for Pawning Your Used Electronics

Pawning used electronics is a great way to raise the cash you need instantly. Pawn shops make it easy to get the money you need when you need it without long waiting periods of complicated application processes. These three tips for pawning your used electronics can...

What Items Can Get You Quick Cash at a Pawn Shop?

Pawning might be a fantastic strategy to acquire some quick cash if you need it. Even if you're cleaning out a closet full of old goods, pawning may net you a fair sum of money if you know what to pawn. However, you'll want to avoid being burnt on value or pawning the...