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Pawning your Jewellery and Gold

May - 14 - 2014


If you’re in need of cash in a hurry, consider getting Melbourne cash for gold. That means, pawning your gold jewellery. A pawnshop is a great place to get cash or a loan fast that will help you with paying a pressing bill, buying a gift or perhaps just filling your car with petrol.

Typically when you want to sell gold jewellery Melbourne you will be required to present the pawn shop owner with some form of paperwork. Valid identification is always asked for and if you have paperwork such as a certificate of authentication for your timeless gold jewellery Melbourne.

Here’s what else you need to know about how pawnshops work so that you know what to expect when looking for jewellery and gold loans Melbourne.

What Are You Going to Pawn?

Firstly, decide on the item you want to pawn – be it white gold jewellery Melbourne or a precious time piece. Whatever you choose, it needs to be in a fairly decent condition – and if it’s a watch, it needs to be in good working condition too or you won’t get much money for it. If you’re unable to re-pay the loan for the item or simply don’t repay it, be aware that the pawn shop will place it in their store and try to sell it for more money that they loaned to you.

Tell the Pawn Shop You Want to Sell Them the Item or Take Out A Loan On It

Firstly, find out if the pawn shop offers jewellery and gold loans in Melbourne. If they already have quantities of the items you want to sell, they may not be interested. Make sure you clean your items well so that they look good and that you can demonstrate that timepieces are in working condition.

Tell the Shop How Much Money You Want

When the shop asks how much money you want for your pieces, be direct and confident – but do be polite and reasonable too. Instead of “give me x-amount or I’m walking out the door,” say “I’d like to get as close to x as I can.” You can try to ask for a little more than what you want as that gives the shop room to counter-offer. Keep in mind that you will need to pay interest on the loan which is usually a lot higher than a bank. You may be asked to provide proof of income so that the pawn shops knows you will be able to repay your jeweller and gold loans in Melbourne.

Filling in the Paperwork

Once you have agreed on a price, you will need to fill out the paperwork in order to get your money. In order to pawn or sell something, you will be required to provide identification and you may be asked for a thumbprint too. This is purely for security reasons to help find pawned stolen items.

Be Sure to Repay the Loan

Agree upon a timeframe in which to repay the loan and interest and to get your item back. Pawn shops usually allow between one to three months for repayments or to renew the loan. If you cannot afford to pay the entire amount back, the pawn shop may allow you to only pay the interest and then renew the loan on a month-to-month basis.

A Few Extra Tips

  • When heading to the pawn shop for jewellery and gold loans in Melbourne, make sure you have all your paperwork ready – your ID documents and any certificates or proof of authentication you may have for the pieces.
  • Once you have pawned a few things and repaid your loans on time, the pawn shop will begin to trust you more and will perhaps be willing to offer you more money for other items in the future.


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