SHOULD I SELL OR PAWN?

It is totally normal to have this doubt and even more when there are several personal situations as store protocols that are so different from one another. In this article we are going to clarify all the essentials in a fairly summarized way.

 

First of all, let it be clear that more will always be paid for a sale than for a pawn, basically due to the temporary factor. The value of items varies over time, both upwards and downwards, and pawn shops protect themselves in the case of pawns, since being forced for a certain period of time to guard the jewels without the possibility of marketing them, they run the risk of losing money if they are not covered with a prevention margin that is usually between 15% and 20% approximately, that is, for a sale of 1.000€, give you 850€ and 800€ respectively.

 

In which cases is it recomended to sell and in which to pawn?

To answer this question properly, you have to be realistic with the personal situation of each one, the pawns should only be made if you have some forecast of income in a relatively close period of time, otherwise you could enter a vicious circle of infinite debt. Do not forget that it would be a situation very similar to a loan in which you will have to pay renewal fees until you recollect the money that has been given to you again.

 

Where should I sell and/or pawn my jewelry?

In the case of selling, obviously whoever pays you the best, but if you want to save time in the selection today, thanks to Google, you can see the valuations of the companies through the experience of other clients. Good reviews are hard to come by, as people generally don't bother to give feedback when it's positive, however when it comes to bad experiences they are more likely to advise other users as retaliation. That is why Google is a great guide for all potential clients.

 

Regarding the pawns, we are going to highlight two fundamental points to take into account: The first, that the recovery and renewals have a reasonable price and second, and perhaps more important, the policies have to be flexible, that is, If a contract expires the company does not take you away your jewels automatically or if an extension of the contract is needed because your jewels have been revalued, it could be done without the need to recover them previously or a long etcetera of different situations that require different and non-protocol solutions. Many companies in the sector are very strict with what is stipulated in the contracts, such as time limits, if the sheet of a contract is lost or any other unforeseen event that is not contemplated and it is not fair for you to lose your jewelry for not keep them in mind...

 

In our case there are no strict protocols, although this is indicated in the contracts, we will always opt for the fairest resolutions for both sites and you’ll always deal with your situation with the same person so that there are no misunderstandings.

 

We hope to see you soon and best regards!