Pawn shops may have a bad rap but they do offer some great deals. From deeply discounted tools and bicycles to super cheap DVDs and video games, you’ll find a wide range of items that work great and save you money. However, there are also some items you never want to buy from a pawn shop. Jewelry is a common sight at most pawn shops but not all is what it seems. Knock-off bling is all too common and it’s not always easy to spot a fake. Here are four big reasons to avoid pawn shop jewelry.
1. You May Get a Fake
While you may think you know real jewelry from costume pieces, it’s not always easy to spot the differences. A well-made fake Rolex will have the glitz and glam of a real one, with a rather high price tag to boot. Many pawn shop dealers also pressure customers to buy, which can lead to an impulse buy before you can perform the proper research.
2. Jewelry Is Often Outdated
By the time a piece of jewelry hits the pawn shop it is often outdated. While some people prefer vintage pieces, most like to follow the trends and desire jewelry that is modern.
3. You Are Forced to Trust the Seller
If you can’t look at a piece of jewelry and determine if it is gold-plated or gold-filled, then it’s wise not to buy from a pawn shop. When you purchase jewelry from a pawn shop seller, you must trust the seller that the piece is actually what he says it is. You may find out later on that it’s not.
4. You Could Overpay
Unless you know the going rate of gold and silver on any given day, you may actually lose money from the deal. While pawn shops are known to be cheap, many sellers will overprice their used jewelry to make a bigger profit.
Looking for a good deal on jewelry? You may want to think about skipping the pawn shops. Instead, look for a qualified source that you can trust to deliver quality pieces.