Pawnshops generally accept a broad range of items as collateral for loans or for direct purchase. They may specialize in certain items or have distinct preferences about which things they want to acquire. Pawnshops may function as jewelry buyers in Chicago for the most part, for example, even while accepting other material goods.
Top of the List
Jewelry tends to be at the top of nearly all the pawnshop wish lists. They pay a small amount for silver according to the market value, but pawnbrokers are always especially looking for gold, platinum, diamonds and other precious gems.
Types of Jewelry
As jewelry buyers in Chicago, they accept rings, necklaces, bracelets, watches and other valuables people wear as accessories. Some might be resold as is in display cases while others are sold to commercial buyers for the metal’s melt value.
Higher-end watches can bring the seller several hundred dollars or more quickly. Perhaps the seller is getting divorced and no longer wants a watch that was a gift from the spouse. Someone else who doesn’t have any emotional issues with the timepiece will want it for its brand name and design.
Engagement rings also can bring the seller a significant amount of cash. The combination of gold and one or more diamonds makes the piece particularly valuable. Certain other gemstones, such as emeralds and rubies, also can be worth a substantial amount of money. Browse the site for more information.