Home & Gifts Q&A

Why You Should Avoid Pawn Shops When Selling Your Jewelry?

by @ 4:36 am on April 20, 2023. Filed under Pawn Shop, Pawn Shops

Why You Should Avoid Pawn Shops Though a pawn shop may seem like a great idea for someone with an expensive piece of fine jewelry looking for cash today, it can not provide the best return. Because of state and local regulations, as well as a pawn shop’s overhead costs, and other factors, those who sell their jewelry will most likely receive cash for only 30-60% of their jewelry’s value.

Do pawn shops report to police?

That having been said, yes, most pawn shops do report to their local law enforcement agencies on the items that are brought into their stores on a regular basis…. Bad guys will often avoid pawn shops these days because they know that pawn shops have to report to police departments on a daily basis. Apr 2, 2015

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