When you need money fast, selling off jewelry you never wear is a great way to get some—if the jewelry has value. Taking worthless jewelry to a pawn shop is not only a waste of time, it’s potentially embarrassing. On the flip side, you want to know which pieces might bring you the most cash. Particularly if you don’t know the jewelry’s provenance, here are few things to check out:
1) Hallmarks: Particularly for platinum, silver, and gold pawn loans, a hallmark can be an indicator of a piece’s worth. Common gold hallmarks include 18K, 14K, 10K, 750, 585, 375. Common platinum hallmarks include 950, PLATINUM, PLAT. Common silver hallmarks include 925, Silver, 800, Sterling. All of these indicate the jewelry is actually precious metal. Other hallmarks can identify the manufacturer, designer, or country of origin, which can help assess value.
2) Weight: Even with a hallmark, a gold chain or bangle may be hollow, and the weight of it will help you determine whether you can make valuable cash pawns in Fort Lauderdale. More likely, though, very light gold jewelry isn’t gold at all, but gold-plated—and gold-plated jewelry is worth bupkes. Generally speaking, the heavier the item, the more valuable.
3) Prongs: If your items has gemstones, see how they’re attached. If you don’t see prongs, you’re not looking at a piece that’s a good luxury pawn loan. Without prongs, you’re looking a glued-in gem or cameo, a sign of poorly made jewelry.