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How long does a pawn shop have to keep jewelry before selling it?
Wiki User
∙ 9y ago
That would depend on what terms you and the pawn shop have agreed on. Some pawn shops would require a maximum of 90 days to hold on to a pawned item until they can sell it.
On the other hand, there are high-end pawn shops that refer to their services as "collateral loans". Compared to regular pawn shops they only accept luxury items, but are willing to loan a high amount of cash for it. This is where negotiations come in. If I got it right, you can negotiate for your items to not be sold until you can pay off the loan, given that you'll be willing to pay a larger interest as the time pass.
Wiki User
∙ 9y ago
Wiki User
∙ 11y agoDon't know wondering myself
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Selling Your Scrap Gold Jewelry?
Many people have scrap gold jewelry in their dresser or closet that they'd love nothing more than to get rid of. However, getting rid of scrap gold jewelry is quite a task due to the high demand, scams, not knowing how to sell it, and so on. Instead of going into the process of selling your scrap gold jewelry blindly, take this advice and find out how to make informed decisions about selling your gold pieces.The first thing to do when selling your scrap gold jewelry is determine whether the piece was part of a set or not. The best case scenario for selling scrap gold jewelry is that it is a broken piece or it doesn't belong to a set. The buyer could be solely interested in adding that piece to a set to make a fortune off of it in the long run. The best bet is to sell scrap gold jewelry that is broken or doesn't belong to a set. However, avoid selling an item of high value or something that was made by a designer. This is because you just might get more out of the piece for just selling it to someone who doesn't plan on smelting it for the gold.Have the scrap gold jewelry appraised. You want to get a ballpark figure of what your jewelry is worth before selling off all of your old family heirlooms. In some cases, the appraiser may even make an offer, but beware. This might be because they see a loophole, or they see some real worth in your scrap gold jewelry. Proceed with caution if an appraiser makes an offer on the spot. Take the gold jewelry to other appraisers to get other opinions as well.Additionally, it's a good idea to stay in constant awareness of the market value of gold. This can dramatically help you get the most for your scrap gold jewelry. This number is constantly changing so keep this in mind as well.The main goal is to avoid being scammed or ripped off by not getting your money's worth for your scrap gold jewelry. Never make snap decisions or agreements before doing your research or thinking the offer over. You'll thank yourself in the long run!
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If you don't report the harassment until after you give the person your jewelry, it may be more challenging to prove the harassment in a legal context. However, you can still report the incident to the authorities and seek their guidance on how to proceed. It's important to prioritize your safety and well-being in such situations.
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