Are you looking to sell some of your valuable it’s for cash soon. Make sure you understand exactly what it is you are selling and what pawn shops will offer. 

Regardless of what it is you have that you intend to bring to a Melbourne pawn shop, the more you know about, the better. Go a step further and find as much documentation about the  particular piece of jewellery you intend to sell. 

Pawnbrokers accept all kinds of valuable items from antique jewellery to music instruments, collectibles, gold, watches, electronics, cellphones, tablets and a wide range of interesting and not-so- interesting tchotchkes that owners believe they have some sort of monetary value. However, what one pawnbroker considers to be worth a lot might not be that highly valued by the next pawnbroker. Ultimately, a pawnbroker will make the decision based on whether he believes the item can sell for a nice profit in no time. The pawnbroker will be able to tell what is trendy and in demand in the pawnshop an what would not sell but instead remain in storage for months. 

When you pawn or sell anything, you always hope to get the best price for what you have. Pawnbrokers also want to offer you the best they can offer.  In order for that to happen they have to know what the market price of the item is and how much they can hope to sell it cheaper for but still at a profit. 

People who buy things like jewellery are looking for a bargain, in order for pawnbrokers to keep those bargain price low, a Melbourne pawn shop might buy jewellery for an extremely low price only to resell it at an extremely higher price. 

Do some preliminary digging before you pawn or sell anything.

Check what your item is worth online. Is it a piece that is still being newly sold? In that case, what is the current “real” market price of the item. The internet has a trove of sites you can check out. You have online buyers and other online auction sites like eBay or find local jewellery appraiser to take a look at your valuable items. Ask questions, take pictures. Find certificate to bring along to enhance the perceived value of your items. 

Pawnbrokers will often ask you to tell them a little about the item. The more interesting the history of the item, the more valuable it can be. When it comes to antiques, provenance is especially important!

There are other online sites with information on what sells best at pawnshops. These will have the price of gold jewellery, gold coins, antiques and even art. 

Looks count

Whatever you bring to a pawn shop should be in good condition and be clean.

Presentation is important

The way you present your items is also important. People tend to think better of second hand goods it they still come with their original packaging. Having that box and all that came with it will have an great impact on the a pawnbroker’s offer.