How to Pawn Gold Jewelry
If you need money fast, pawning your gold jewelry may be an option. Most cities have several pawn shops to choose from when pawning your gold jewelry. A pawn shop can either buy your gold jewelry or give you a loan on it. If you take a loan on your jewelry, you must make regular payments with interest to the pawn shop. The jewelry acts as security for the loan.
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Instructions
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Log onto the Internet. Enter a search for pawn shops in your area.
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Bring your gold jewelry to a pawn shop. Show the jewelry to the pawnbroker.
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Ask the pawnbroker to explain the terms of the sale or loan. Discuss these terms in detail with the pawnbroker. Decide whether you want to sell or take a loan out on your gold jewelry.
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4
Sign the contract to pawn your gold jewelry. Take your money and receipt from the pawnbroker.
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Tips & Warnings
Check with several pawn shops to get the best deal on your gold jewelry.
You must make your scheduled payments to the pawn shop or you can lose your jewelry.
