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Cat Forum / Cat Anecdotes / December 2004Pawn Shops? OT
Forgive me, please, but I've always considered pawn shops to be sort of a low-life thing. Like some unsavory guy hawking his wife's jewelry to score drugs or buy booze :) Well. I'm considering pawning some jewelry. It's not jewelry with any meaning; simply stuff I've acquired over the years which I really don't need and don't wear. It's nice stuff; not costume jewelry. I know I probably won't get 1/4 of what it may be worth. But it occurred to me, what with the holiday shopping going on, some people might be looking for gifts in pawn shops. Anyone here have any experience in dealing with pawn brokers? I've never done this. Do I have to do anything other that provide legit ID to hock my stuff? Any tips on how to haggle over the price? (I know what I paid for it.) I've done a Google search and found some brokers in areas of town I'm not afraid to drive to (!!). Wondering if I should also seek out regular jewelers; small shops, perhaps. Suggestions? Comments? Horror stories? Jill NOTE: I have thought about listing it on eBay but I think I'd have a better chance showing it to someone up close than photographing it and paying to list it, then it not sell. > Forgive me, please, but I've always considered pawn shops to be sort of a > low-life thing. Like some unsavory guy hawking his wife's jewelry to score [quoted text clipped - 22 lines] > chance showing it to someone up close than photographing it and paying to > list it, then it not sell. The only experience I've had with pawnshops is when I sold a gold crown from a tooth that had to be pulled. I understand that you get maybe a tenth of what an item is worth at a pawnshop. I'd be inclined to go for eBay. Their fees are pretty low, and I suspect you'd get more for the items that way. Of course there's always the chance that nobody will bid on it. Joy >> Forgive me, please, but I've always considered pawn shops to be sort >> of a low-life thing. Like some unsavory guy hawking his wife's [quoted text clipped - 31 lines] > > Joy eBay isn't an option because I don't want to pay a fee if no one buys, even if the fee is minimal. I'm all about profit LOL Jill I would at least ask a reputable jewelry store for advice. My impression is that a pawn shop would be the lowest level to try. Maybe there are consignment shops for "estate" jewelry. Jo > Forgive me, please, but I've always considered pawn shops to be sort of a > low-life thing. Like some unsavory guy hawking his wife's jewelry to [quoted text clipped - 27 lines] > chance showing it to someone up close than photographing it and paying to > list it, then it not sell. > I would at least ask a reputable jewelry store for advice. My > impression is that a pawn shop would be the lowest level to try. > Maybe there are consignment shops for "estate" jewelry. > > Jo Yes, that's my feeling too. However, this isn't "estate" jewelry. I would *never* pawn the items left by my grandmother or great aunt or given to me by my mother. No way. I think I'll find a small jewelry shop which might be willing to offer consignment. I'll have to do some searching for local small shops; the chains wouldn't be interested. Jill >> Forgive me, please, but I've always considered pawn shops to be sort >> of a low-life thing. Like some unsavory guy hawking his wife's [quoted text clipped - 27 lines] >> chance showing it to someone up close than photographing it and >> paying to list it, then it not sell. Jill wrote: >> I would at least ask a reputable jewelry store for advice. My >> impression is that a pawn shop would be the lowest level to try. [quoted text clipped - 7 lines] >consignment. I'll have to do some searching for local small shops; the >chains wouldn't be interested. It's not the act of receiving it as a bequest that classifies it as "estate" jewelry. It's the fact that there will be one-off pieces that are not a set, just things you liked and got one at a time. Don't take the first offer, a reputable jeweler will include his "appraisal fee" in the profit he or she expects to make on the resale. In the front of the want-ad section of your local paper should be several firms advertising that they buy "estate jewelry" and there's no reason for you to shy away from using that term. Regards and Purrs, O J > Jill wrote: > [quoted text clipped - 22 lines] > Regards and Purrs, > O J Ah, thank you for the clarification. I'll check the want ads of the local paper. I really didn't want to deal with "pawn shops" as they do seem rather... disreputable. And it's not like I'm going to go back and get the jewelry. I want to sell it outright. Jill > > I would at least ask a reputable jewelry store for advice. My > > impression is that a pawn shop would be the lowest level to try. [quoted text clipped - 9 lines] > consignment. I'll have to do some searching for local small shops; the > chains wouldn't be interested. I"d try e-bay first. I don't think you have to pay anything if you don't sell (check that first though) - and your potential buyers are from literally all around the world. You can set a reserve price too, so you don't get ripped off. If that doesn't work, I'd go to second hand jewellers or even advertise in the classifieds. The *last* place I'd be selling to is pawn brokers, I can guarantee you will not get what they are worth. Pawn brokers are there for people who need a quick buck, no questions asked, and as such, they will try to give you the least dollar amount you are willing to accept. Really, I'd try e-bay, you might be pleasantly surprised at the prices you get, especailly if the items are not the sort youcan commonly get at the shops at the moment. Make sure you clean and polish them first, of course, and try to get thebest phto possible (if you know of anyone with nice nails, they're good for modelling the rings) Yowie >>> I would at least ask a reputable jewelry store for advice. My >>> impression is that a pawn shop would be the lowest level to try. [quoted text clipped - 26 lines] > > Yowie Actually, you do pay. It depends on how you list it. Insertion Fees Starting or Reserve Price Insertion Fee $0.01 - $0.99 $0.30 $1.00 - $9.99 $0.35 $10.00 - $24.99 $0.60 $25.00 - $49.99 $1.20 $50.00 - $199.99 $2.40 $200.00 - $499.99 $3.60 $500.00 or more $4.80 Final Value Fees Closing Price Final Value Fee Item not sold No Fee $0.01 - $25.00 5.25% of the closing value $25.01 - $1,000.00 5.25% of the initial $25.00 ($1.31), plus 2.75% of the remaining closing value balance ($25.01 to $1,000.00) Over $1,000.01 5.25% of the initial $25.00 ($1.31), plus 2.75% of the initial $25.00 - $1,000.00 ($26.81), plus 1.50% of the remaining closing value balance ($1,000.01 - closing value) You get one free photo. After that there is a charge for additional photos, a charge for supersizing the photo, etc. I've sold items on eBay before. I'll go the jewelry store route first. I just have to get myself out of the house first LOL Thanks all! Jill >Anyone here have any experience in dealing with pawn brokers? I've never >done this. Do I have to do anything other that provide legit ID to hock my >stuff? Any tips on how to haggle over the price? (I know what I paid for >it.) Don't pawn it. Ebay it. You'll get a better price for sure. >> Anyone here have any experience in dealing with pawn brokers? I've >> never done this. Do I have to do anything other that provide legit >> ID to hock my stuff? Any tips on how to haggle over the price? (I >> know what I paid for it.) > > Don't pawn it. Ebay it. You'll get a better price for sure. Not "for sure" since I got most of this stuff on eBay for next to nothing to begin with LOL Whatever you do, don't get hooked on Live Auctions. I bought more jewelry in 3 years than I know what to do with ;) Jill >Well. I'm considering pawning some jewelry. It's not jewelry with any >meaning; simply stuff I've acquired over the years which I really don't need >and don't wear. We're sending purrs that your jewelry situation works out. |
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