Jewelry deteriorates over time - it breaks, is dismantled, loses its original appearance, and goes out of fashion. If the damage can be fixed, then it is unlikely that you will be able to use one earring. Therefore, many people are interested in whether it is possible to take 1 earring to a pawnshop.
Jewelry pawn shops accept jewelry and scrap precious metals. Jewelry is subject to further sale at no additional cost to the establishment. Scrap includes gold that is difficult to sell as a product - broken or deformed jewelry, dental crowns, coins.
When asked whether it is possible to take one earring to a pawnshop, there is only one answer - yes. Pawnshops accept incomplete, broken, and deformed items made of precious metals for purchase. The condition of the jewelry does not matter. Only the weight and fineness of the metal are taken into account.
Pawnshops as an alternative to banks and microfinance organizations
People often turn to pawnshops not for the sale of precious metals, but for a loan secured by valuable property. In essence, a pawnshop is an analogue of a bank or microfinance organization, only more loyal to its customers.
What are the advantages of pawn shops? Banks issue loans at a relatively low interest rate, but obtaining a loan, even a small amount, takes a long time. Proof of income and a good credit history are required, plus recently banks have begun to impose insurance, which increases the amount of repayment. In principle, no one has ever heard anything positive about microfinance organizations, but they are famous for gigantic interest rates and collecting debts by force.
Pawn shops are in all respects much better when you need to get money on the same day for a short period of time. They only require one identification document and collateral. Moreover, they will not even demand repayment of the debt if the client for any reason was unable to repay it, because all their financial costs are compensated by the sale of the collateral.
What you can't take
Not all gold can be donated. Some things will not be accepted from clients, and for trying to hand over washed precious metals you can get a real criminal sentence. The following items cannot be sold in pawn shops and other purchases:
- gold or other precious metal in nuggets, concentrate, plates, wire or parts;
- elements of dental prosthetics;
- waste from precious metals in the form of shavings and saw cuts;
- Gold leaf;
- orders and medals containing gold and other valuable metals;
- gold in the form of parts for laboratory use and elements for industrial use;
- jewelry semi-finished products.
How to choose a decent pawnshop?
First of all, you should study the market. Call pawn shops and find out what price they offer per gram of gold/silver/platinum. After that, study the reputation of the selected pawnshops. Explore city forums, social networks and review sites. Make deals only with trusted pawnshops; there are a lot of them in Moscow and St. Petersburg, and there are plenty of them in the regions as well.
*Advice. Choose chain pawnshops, those that have a wide network of branches in your city or throughout Russia. Such organizations value their reputation and offer the best service.
Selling precious metals
How to hand over gold to a pawnshop without returning it? In essence, we are talking about a regular sale. And it should be noted that a pawnshop is not the most profitable way to sell. There are plenty of other alternatives, for example, you can go to a thrift store, a consignment store or a jewelry store. However, sometimes pawnshops offer a good rate - it depends on the specific establishment. Therefore, before selling, you should contact several places in order to find out how much and where you can sell the gold item.
If a more attractive offer was at a pawnshop, then the seller will need a passport and, if available, a certificate or jewelry tag. The latter is not necessary, but with such papers there are fewer questions about the authenticity of the metal. They also indirectly confirm that the seller is the owner of valuable property.
A passport is required. Firstly, to make sure that the seller is over 18 years old. Secondly, everyone who sells gold is entered into a special register book.
How to hand over gold to a pawnshop without ransom? In the presence of the client, the pawnshop worker weighs the gold and checks for the presence of a hallmark. In the case where there is no embossing, the receiver makes a small notch on the gold or checks the metal chemically, so that small marks remain on the product.
When the sample and weight are established, the pawnshop employee recalculates these parameters into monetary units, for example, if for 1 gram of 585 sample they offer 1,500 rubles, then a ring weighing 2 g will be valued at 3,000 rubles.
How to return gold to a pawnshop
In this case, the gold is considered collateral, and the money issued is considered a loan. The loan amount depends on the market value of gold minus 10-30%, which the pawnshop pledges as insurance against non-payment of interest. That is, if you sell a piece of jewelry, it will be valued higher, while it will be accepted as collateral at a reduced rate. In this case, the client may not take the entire amount offered by the pawnshop employee if he needs less money. The advisability of this step is that you will not have to pay interest on a large loan amount.
The loan term is usually 30 days, then there is a grace period of another 30 days, during which the borrower can return his property after paying off the debt. The loan term largely depends on the wishes and capabilities of the client, in addition, it can be extended - by agreement with the pawnshop an unlimited number of times.
Important information: if the property remains pledged to the pawnshop, the client is issued a pawn ticket. This is a personal document, the form of which is approved by the Government of the Russian Federation, and it displays all information on the pledged property and the full cost of the loan. It is drawn up in two copies - one remains in the pawnshop, and the second with the owner of the pledge.
Lost ticket
What's the worst thing that can happen after you take your gold to a pawnshop and return it? According to consumer reviews, this is the loss of a security ticket. However, according to pawnshop employees, this is a completely solvable situation. If the security ticket is lost, stolen or unreadable, you can get a copy of it. To do this, a statement is written according to the sample, which will be issued at a pawnshop, after which the owner of the pledged property will be given a duplicate.
Important information: to obtain a duplicate security ticket, a passport is required, and it is issued only to the owner of valuable property. If he is unable to come on his own, then a legally issued power of attorney for another person is needed.
Conditions for obtaining a pawn loan
The entire process of obtaining such a loan is divided into several main stages. First, the client pledges certain things and receives a certain amount of money for this, which corresponds to the prices of the pawnshop. After this, the person who used the services of the pawnshop must pay in full the amount he received, as well as a certain commission that is charged for the storage and safety of his personal belongings. Payment can be made after the expiration of the period established by the contract, as well as ahead of schedule.
After making full payment, the client receives back those items that he pledged safe and sound.
Gold in a pawnshop can either be sold or left as collateral for a loan.
As collateral, a pawnshop can accept items that are made of precious and precious metals, as well as stones that have some financial value. In order to hand over gold to a pawnshop, you need to find out what price was set by the Central Bank at the time of drawing up the agreement.
Before carrying out a transaction, items that are subject to collateral must be inspected by a professional who can objectively assess their value, authenticity and legality.
In addition to gold, the pawnshop can accept emeralds, rubies, sapphires, cut and uncut diamonds, as well as items made from real pearls.
It is permitted to rent or sell scrap palladium, silver or platinum. You can also pawn ancient coins that contain precious stones or are made from rare and valuable alloys. Coins may be of special pre-revolutionary minting or represent the national currency of another state.
All other products that are included in a special list or price list are also accepted.
Untreated gemstones will not be accepted.
But there are also a number of items that cannot be handed over or sold at a pawnshop. Such items are considered to be semi-finished rough diamonds, which are unprocessed, gold leaf products, precious stones, which are also unprocessed, precious metals and alloys that are intended for use in chemical laboratories, as well as at industrial points, other items for the sale of which must comply with special procedure.
Valuing gold in a pawnshop
Before you take your gold to a pawnshop, you need to clean it well. This rule applies to whole and paired jewelry, which can be sold not only by weight. You can always get a slightly better offer for beautiful and new products.
Stones do not affect the cost of the product in any way. As a rule, their weight is subtracted from the total, and in fact the seller gives them away for free. Therefore, if the stone is truly valuable, then it is worth finding a pawnshop where they can evaluate it. Unfortunately, there are quite a few of them, due to a catastrophic shortage of specialists.
Also, white gold is almost never accepted anywhere, due to the fact that it is difficult to assess its authenticity. The white alloy can easily be confused with both more expensive platinum and cheap counterfeits. Therefore, white gold products are accepted only if they are in tandem with traditional yellow gold.
How much is an earring worth if you take it to a pawnshop?
Having found out for yourself whether you can hand over one earring to a pawnshop, you need to understand that the price received will be lower than if you hand over the jewelry as part of a set. Jewelry in good condition can be sold without additional effort at a favorable price. The price is influenced by the artistic and aesthetic value of the product, the manufacturer’s brand or the name of the jeweler, and individuality. The better the condition of the jewelry, the higher the selling price.
There is more trouble with a crowbar. The pawnshop will have to sell the metal at its own expense - look for a jeweler or a jewelry factory that produces jewelry. This entails costs, which are reflected in the redemption price.
The cost of a gram of scrap in each establishment is different, since it is determined independently. But the differences are minor. The price is affected by:
- official gold rate of the Central Bank of Russia - a guideline for setting prices
- weight - the more it is, the better the price
- sample – the higher the sample, the more impressive the tariff. A gram of 999 standard gold costs 60-80% more than a gram of the common 585 standard.
- industrial demand for precious metals
- internal pawnshop policy
The exact price can be found by contacting the establishment directly.
To set the price, a pawnshop employee must determine the sample of the product. This is done in the presence of the owner of the metal. The region where the establishment is located also affects the price. Pawnshops in Moscow offer better prices than in remote locations in Russia. When accepting scrap, the value of the precious stones in the product is not taken into account.
Reviews
How to hand over gold to a pawnshop without ransom or on bail? Before you do this, you should weigh the pros and cons. Gold is a good long-term investment, while the money will be spent instantly. In addition, there is a risk of running into unscrupulous buyers, with low purchase rates and high interest rates on loans.
According to reviews from pawn shop clients, almost none of those who sold their gold complained about the transaction. Although some felt that they were cheap, and the valuable metal could have been sold more profitably.
Whereas clients who left gold as collateral were often dissatisfied. This situation is due to the fact that they did not assess their financial capabilities and were unable to return the money on time. And all those payments that we can afford go towards paying interest. Thus, a vicious circle is obtained, which, however, is easy to break. You just need to find the strength to part with your favorite thing.
Advantages of going to a pawnshop
By selling gold as scrap, it is unlikely that you will be able to recover at least half of the money you once spent on purchasing a new product. However, buying gold has a number of advantages, due to which the number of clients and interest in the service is constantly increasing:
- minimum documents - to conclude a transaction, only the owner’s civil passport or a document replacing it is required
- efficiency - the decision is made immediately after assessing the scrap metal and takes no more than half an hour
- confidentiality
- loyal attitude towards regular customers - the longer the relationship, the more favorable the conditions
- honesty and transparency of transactions
One earring or one item from a disassembled set is unlikely to bring more money than if taken to a pawnshop. But in case of an emergency need for money, you can quickly and without unnecessary bureaucratic procedures improve your financial situation. This will require a minimum of documents and even less time. Even one earring can be useful if you use it correctly.
Useful tips
How to hand over gold to a pawnshop without being scammed? In this case, there are some practical tips:
- In pawnshops, where everything is in order with the law, the agreement is always drawn up in two copies.
- Before you take your gold to a pawnshop without returning it, you need to look for better options. Most of these establishments reduce the real price by almost 2 times.
- In the case of a loan, a Security Ticket must always be drawn up and issued. In the absence of this document, it may turn out that the person actually sold gold items for the small amount that he needed.
- The acceptor is required to evaluate and weigh the gold in the presence of the client.
- Before handing over gold to a specific purchase, you need to inquire whether they have a license for this type of activity.
- Be sure to read all the terms and conditions of the loan agreement. In any case, you will have to give back more than was taken. But only in the contract can you find the real amount of interest for the entire period.
- It is necessary to correctly assess your financial capabilities and the degree of attachment to the jewelry left as collateral.
