How Much Can I Pawn My Wedding Ring For

An auction format can help you get a higher price for your ring especially if it is vintage or antique.

How much can i pawn my wedding ring for. Most pawn shops usually pay about 30 to 60 of what a diamond is worth. Regardless of whether you re going through a divorce or just need to temporarily pawn your wedding ring to pay a bill it s not always easy to part ways with your ring permanently. However you will be required to pay back the principal balance of the loan including any interest and any fees agreed upon.

The pawn broker will appraise the possible resale value of the ring and offer you a percentage of that as a loan. Keep those two factors in mind when you pawn a wedding ring. Pawn shops are convenient but they may not have the expertise to understand the value of your ring and make you a good offer.

This is a smaller market than online necessitating a lower selling price which means in turn that they can afford to pay less for your ring. That way the value of your loan won t surprise you. Once you add in the standard retail markup that s applied to most diamonds this means that you ll usually receive an offer for a small fraction of the amount you paid for your diamond ring when it was new.

If you come back within an agreed upon time period you can purchase your ring back for an agreed upon amount. We ll evaluate your item and give you a quote in. To pawn jewelry start by picking pieces that are valuable but you can live without like an engagement ring from an old relationship.

Maria redollar expert answered. Next take the jewelry to an appraiser so you know how much it s worth when you take it to the pawn shop. And there is a difference.

First describe your item to us. You will then get cash for the ring once you hand it over. For the frequently asked question how much can i get for a 10k gold ring at a pawn shop is it actually necessary to provide you two answers because there is the price if you sell and the price if you pawn your gold ring.