Visiting a jewelry pawn shop is always a great idea. A jewelry pawn shop will offer various services, including pawn loans, jewelry repair, jewelry purchasing, and even rare coin purchasing. Before heading to your local pawn shop, you need to know the right questions to ask for the services you want. Let's take a look at a few useful questions to ask when you visit a jewelry pawn shop.

1. What Are Your Loan Terms?

Before committing to a pawn loan with your local jewelry pawn shop, knowing the loan terms is important. This is true of any type of loan you take out. Ensure that you understand the terms of your loan so that you can stay in line with them.

2. Do You Have a Grace Period?

Some pawn shops will offer grace periods so that you can get the items back that you pawned. This may be done on a case-by-case basis, or they may offer a couple of weeks. Knowing how long you have to get your gold back can give you valuable peace of mind.

3. How Do You Make Sure the Jewelry Is Real?

Before purchasing jewelry from a pawn shop, it's important to ask about its process to determine whether the metal and stones are real. The last thing you want to do is purchase a diamond ring that has a fake diamond and turns your finger green. It's possible for metals like gold to be both genuine and sustainable. According to the World Gold Council, 90% of recycled gold comes from jewelry. You may discover new jewelry made from this method or have your pawned jewelry eventually go through this process.

4. What Is Your Return Policy?

Most pawn shops do not have an appraiser on hand. Because of that, you may wind up only paying a fraction of what a piece of jewelry is worth. However, you may also wind up overpaying for a piece of jewelry. It's a great idea to take it to an appraiser to ensure you didn't overpay. However, ensure you know the return policy if you accidentally wind up with a fake. No pawn shop will intentionally sell a fake diamond, but accidents do happen.

5. Is the Price Negotiable?

Most pawn shops will haggle a bit regarding price. However, you don't want to assume that you can talk about the price with every pawn shop you visit. Always ask if the price is negotiable.

For more information about visiting a pawn shop, contact Center Gold today! We have three convenient locations and are always happy to answer any questions.