No one ever expects to be in the market to sell an engagement ring or wedding band set.
Life doesn’t always take the predicted path. Once we have severed and moved on from an old relationship many find no real reason to hang on to the tokens of remembrance. The question then becomes, what do you do with them?
Gold, diamond, and other bands are an investment. It would be a shame for them to sit unworn in a drawer somewhere. It is often far better emotionally as well as financially to let the rings go. Sell them to someone who will love and wear them as originally intended. This is a beautiful way to release the past and move forward in a positive direction.
There is no one correct avenue to sell. We created this guide to help you decipher the easiest and quickest method.
We wanted to outline the following:
- Is it the right time for you to sell?
- The benefits of a pawn shop sale
- What to expect at the pawn shop
- Deciding which pawn shop to choose
Why Sell Your Ring?
Parting ways with an engagement or wedding ring makes a statement. It is very symbolic of the ending of a relationship and a period of time in your life.
If you’re on the fence about selling, consider this:
Sentimentality is a very powerful force. It helps us hang on to memories while glossing over the not-so-great ones. It can be what also convinces us to keep old jewelry that we’ll never wear again.
Should you decide to sell your ring, you’re not flushing the memories of your past. You’ll still have those memories (both good and bad). You just won’t be surrounding yourself with objects that remind you of a failed relationship.
This is one of the more controversial topics when it comes to rings. Many people hang onto their old engagement rings because they want to give them to their children but this is also a taboo that many believe might bring bad luck.
Not Able to Recoup the Retail Price
Ring valuation is tricky.
Retail is not the actual value, simply what someone is willing to pay.
The True Value of Your Ring is Only as Much Someone is Willing to Pay for It.
This does not mean that you won’t get a good price. It just means that setting realistic expectations is needed in order to sell. It is also a very good motivating factor in why its wise to buy from a Pawnshop in the first place. You pay a far more reasonable number based on value rather than retail mark up.
What do you really want?
You will know when you feel ready to let it go. It is ok to wait until that day.
Benefits of Selling Your Engagement Ring to a Pawn Shop
Fast Easy Selling Process
If you’re looking for a quick and simple sale, a pawn shop is your best bet. Offers made right on the spot lead to you walking out of the door cash in hand.
Sell with no effort.
You may get a little extra for a private sale. It depends on how much time and patience you have. Dealing directly with buyers takes patience, communication, and time. People will shop and ask you questions and may never even get back to you or show up at agreed meeting times.
What to Expect at First Pawn Jewelry and Loan
- Research Your Ring
Get as much information about your ring as possible. Metals, stone information, original purchase price, store you bought it from, and any other variables.
Please keep in mind that a pawn shop may not give you a value based on what you find online. Their goal is the same as yours: to sell the ring and make a profit. As a result, the amount they offer you will vary based on your ring’s sale potential.
- Check out the pawn shop
You want to sell to reputable pawn shops that will give you the fairest price for your ring.
Researching pawn shops is time well spent. You can learn which shops are best-suited for jewelry sales – and which ones to avoid. First Pawn is known for jewelry and has a stellar reputation in the community.
- Decide on your “walk away” price
You and the shop both need to be happy with the final offer. If it doesn’t meet what you wanted there is no obligation to sell.
Don’t ask, don’t get. It is as simple as that. Show your ring in the best light and with as much information as you have, and you will receive the highest possible sale price for it.
- Read the Details of the Sale
Never rush. Take your time. Read all contracts.
Take all the time you need to review the details of the sale. You can rest easier during this process if you deal with a well-rated, trustworthy pawn shop.
How To Pick a Pawn Shop
- Positive Reviews: A well-reviewed shop means a better experience. Take the time to read the reviews as some of them may be biased or from people who do not understand how a pawn shop operates.
- Reputation: Ask friends and family who have sold their jewelry at pawn shops for recommendations. These personal experiences are the best guides.
- Safe Location: Choose a shop with a location that is convenient to you and in a safe neighborhood. If you feel uneasy driving around the area, it is likely not a good place to sell.
First Pawn Jewelry and Loan: Pawn Shops You Can Trust in Southwest Florida
With two locations right here in Southwest Florida, First Pawn Jewelry and Loan is your source for trustworthy, convenient pawning options.
889 Airport Road South, Naples, Fl 34104 | 239-434-7296
1331 Homestead Rd N, Lehigh Acres, FL 33936 | 239-369-2274