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.