Do you have jewelry in your home collecting dust? Maybe the jewelry is not your taste, or you don’t have the occasion to wear it. Perhaps it’s the remnants of a bad relationship you’re better off forgetting.

Regardless of the reason behind it, selling jewelry is an excellent way to generate income with little effort. However, you should take some time to understand the factors that affect the value of your pre-owned or estate jewelry. This research ensures you will get a fair price for your piece.

Here are some factors considered in the appraisal process.

Rarity

A rare piece is valued higher than a non-rare piece. Specific designs and eras can fetch more money than others. A precious stone with an unusual cut may also increase the jewelry’s value.

Maker

Jewelry made by a well-known designer will sell for more than a piece created by an unknown. Top designers include Tiffany & Co., Van Cleef & Arpels, and Cartier. These designers typically exhibit a high level of craftsmanship making their jewelry more valuable.

Materials

Materials refer to the jewelry’s stones and precious metals. A piece that contains expensive gems and precious metals is typically worth more. However, purity and quality are also considered.

Condition

Your jewelry may be rare and contain precious gems and metals, but if it’s not in good condition, it won’t be valued as highly. Signs of damage like scratches and missing gems will reduce the jewelry’s value. Dealers will pay higher prices for jewelry that’s in excellent condition.

Demand and Market Trends

Demand and market trends go hand in hand. A piece can become more valuable due to a surge in demand for a specific style. If your jewelry features that style, people will be willing to pay more for it.

How to Evaluate Jewelry

You can get an idea of how much your jewelry is worth by looking for the following elements.

Jewelry Stamps

Your jewelry may feature a stamp that signifies the purity of the metal, such as 14K. It may be engraved with the designer’s name which also contributes to its value.

Examine Stones and Settings

Look at the stones carefully. Stones that are well-cut to feature various colors are typically worth more. The color and size of the stone also play a role. High-quality settings enhance value.

Ask a Jewelry Expert

If in doubt, you can always ask a jewelry expert for their professional opinion. They will assess the value of your jewelry and provide a fair appraisal.

Cash Express Offers Top Dollar for Estate Jewelry

There are various options for people wishing to sell jewelry, but a pawn shop is a convenient choice. You don’t have to deal with the stress of seller sites. A pawn shop will immediately let you know if they will buy your jewelry, and how much it’s worth, and they can give you cash on-site.

However, you must work with a pawn shop you can trust. Cash Express is a reputable choice. We offer fair evaluations and friendly service. Our business is backed by positive customer reviews and several years in the industry.

Contact us when you’re ready to sell your valuable goods.  

Collateral is an asset a borrower pledges as security for a loan. If the borrower defaults on the loan, the lender can seize that asset. Collateral loans can be risky, but they don’t involve many qualifications. The lender will have fewer requirements knowing you put your asset on the line.

The loan process is typically used in a pawn shop setting. Pawn shops provide loans to customers who put their items up for collateral. This article will explain how the process works and what assets you can use for a collateral loan.

How Does a Collateral Loan Work?

The collateral loan process is easy. Here’s how it works:

1.    Come into the shop with an item of value.

2.    The salesperson will assess your item and make you a loan offer. The loan is typically equal to a percentage of the item’s value.

3.    If you accept the loan, you can walk away with cash in hand. You must continue making payments on the loan to retrieve your item.

4.    If you default on the loan, the pawn shop will keep your item, but the unpaid amount will never go into collections or impact your credit.

What Items Can I Use as Collateral for a Loan?

The items you can use as collateral depends on what the store carries. For example, some pawn shops specialize in luxury items such as designer purses and watches. Others may sell electronics or firearms. They may also be choosy about the brands they accept.

Generally accepted items include:

·  Valuable antiques

·  Jewelry, precious metals, and gems

·  Firearms

·  Electronics

·  Luxury watches

·  Musical instruments

·  Collectibles

·  Power tools

However, not every pawn shop will accept each of these items. Research pawn shops to find out the items they carry. This will help you determine if they will accept the item you want to loan.

Quality Counts

The pawn shop will also consider quality when they assess your item. If your item is damaged or non-functional, they may not accept it. Some shops will accept damaged items but offer a reduced loan amount.

Ensure your item is in the best shape possible for optimal loan amounts. Clean it before taking it in. Make small repairs to make it more functional if possible.

There are other things you can do to ensure the highest possible pawn shop loan. For example, a certificate of authenticity or original receipt may make your item more desirable. You should also research to find out your item’s value. This will give you some leverage when negotiating.

Cash Express Offers High Loan Amounts

Cash Express provides cash loans for valuable items, including gold, computers, antiques, watches, jewelry, coins, and other high-end items. We offer high values and low interest rates. Our staff is friendly and easy to work with. We will ensure you are happy with your loan amount.

Contact us when you are ready to buy or sell. We offer great deals and quality items.