10 Reasons Why You Should Buy Jewellery From a Pawn Shop

A pawn shop is an excellent choice to buy jewellery from for these 10 reasons

  • Low Prices

A pawn shop is a go-to place if your short on cash, and can’t afford to buy brand new. You’ll find good second hand jewellery pieces for a lot less money when compared to a jewellery store.

  • Antique Pieces

You’ll find a wide selection of old jewellery pieces that are no longer on the market. It’s like a treasure hunt!

  • Wide Selection

At a pawn shop, you may find a greater variety of styles to choose from.

  • Credit checks

Pawn shops do not require you to have good credit rating in order to pay over time, where as most jewellery stores do require you to have good credit rating in order to purchase more expensive pieces

  • Authenticity

At one point in time pawn shops had a reputation of selling cheap, fake jewellery. That time has gone and past. Pawn shops test for quality the minute a piece comes into their store before buying it outright. As long as you are buying from a reputable pawn broker, you can guarantee you are receiving what you paid for.

  • Environmentally Friendly

Diamonds, gemstones, and precious metals are in high demand. Mining can wreck havoc on the environment, clear cutting, toxic waste leaking into surrounding area, air pollution are just a few of the problems associated with mining precious metals and diamonds. By purchasing jewellery from a pawn shop, you can guarantee that you are helping preserve the environment by reducing the demand on new diamonds and precious metals.

  • Loose Diamonds

Many pawn shops will stock pile diamonds to sell loosely. Can’t find a piece you are in love with? They will more then likely have a diamond or some other gemstone that will suit your fancy.

  • Unique Pieces

Since pawn shops buy gold jewellery from practically everyone, you can be sure there are a large selection of unique and individual pieces to choose from, from the 20’s to the 70’s, up into the 2000’s, there will be pieces from every era.

  • Get more for your dollar

You can be sure to save a pretty penny when you shop at a pawn shop. Jewellery stores will mark their items up as high as 1000%. You can save your self thousands of dollars.

  • Negotiate

Here’s something you cant do at your local jewellery store: Bargain. It’s completely acceptable to rally prices back and forth at your local pawn dealer.

Real Gold Or No?

As a first time business owner of a pawn shop, and having spent a great majority of my earlier years hanging around my dads pawn shop, I’ve gotten to learn a few tricks of the trade when it comes to buying gold from the general public.

Pretty much from a young age I was taught how to evaluate gold jewellery by my father. One of the first tell tale signs that your gold isn’t real is color. If there is any fading, smearing, or bubbling anywhere on the piece of jewellery chances are its G.P. (gold plated). The only time you will see any sort of fading in gold is if its white gold. White gold has been made with different alloys like silver and palladium to produce the white appearance. White gold isn’t naturally occurring, and so over time as the owner wears his/her gold the piece will fade and have a light yellow hue added to the color.

I never trust stamps, I’ve had my fair share of fake gold stamped jewellery come through my shop; 10kt, 14kt, 18kt, I’ve even seen 24kt gold plated jewellery. People will automatically assume that because its stamped that it must be real. That isn’t always the case as many large companies that produce these pieces also produce Gold Plated pieces as well and will stamp them with the markings 10kt,14kt,18kt, etc. Most often they will add GP or GF (Gold Filled) somewhere next to the karat stamp, sometimes they don’t.

The next question you might be asking is, how do I know if my piece is actually real then? Personally I can pretty much tell if a piece of gold is real almost from a glance. But, not everyone has the expertise I have, or really wants to have that expertise. The main way to test for real gold is an acid scratch test. Don’t worry, it won’t damage your piece visibly. I order nitric acid from a reputable dealer, I scratch the piece of gold on a graphite plate and poor a small drop onto the gold and if it disappears its not real gold. If the gold stays on the graphite plate with the acid over top of it, its real gold. The nitric acid we use comes ready to test for 10kt, 14kt, 18kt, 22kt. A similar solution is used to test silver, but that’s for another post.

Since most people don’t have nitric acid on hand, there’s a few other ways you can test at home to find out if your gold is real or not. Obviously the first thing to do is look for hallmarks or stamps followed by GP or GF. If they have those markings, its not real. The next thing to try is a magnet. If its magnetized, its not real, if its not, your chances of having real gold are much higher. The last thing I would try at home would be vinegar. Poor a small amount of vinegar on to your gold item, if it changes color, fades, or bubbles and then changes color, its not real. Real gold will not fade or change color when vinegar is applied.

And if you’re still not sure if your item is real or not, you can always stop by my shop and I’ll gladly help you figure out if your item is real or not…