Getting cash for your wedding ring

How To Save Money On Engagement Rings And Wedding Bands

When you are in a financial bind, the best thing to do is to look at what you have that can help get you out. Just look at your hands, the wedding ring on your finger can be more than a symbol of undying love if you are still happily married. It can be more than a painful reminder if you’ve lost your significant other or they hurt you. Whatever, that golden band represents, you can take it to Pawnbrokers Geelong for some cash.

The first thing you need to think about is: are you ready to part with your ring? If the answer is no, then pawning is definitely a good option for you. This is because when you pawn any valuable item for money, you enter into an agreement with the Pawnbroker that you will repay the loan they give you with interest, within a specific amount of time. You agree that if you fail to do so, the Pawnbroker can sell the item to recoup his money. The Pawnbroker will then keep your ring safe until you come back to redeem it. This ensures that you get the cash when you need it without losing your jewellery.

If you don’t need your wedding ring you can sell it. There are various ways you can go about selling gold jewellery like wedding rings. You can use online market places like Gumtree. The problem with putting out an ad about a wedding ring you would like to sell is that It takes time to find a buyer who will give you a good offer, or at least, a fair one. This is not good if you need quick cash.

Pawn shops in Geelong not only offer loan, but you can get cash by selling your wedding ring or any other jewellery you might have. There are a couple of benefits that selling offers.  

What are these benefits?

The biggest be benefit of selling rather than buying is that you get more money compared to pawning. For example, if you have a ring worth $1,000, you would get a pawn loan of about $300. However, you could get as much as $800 if you sell the item.

The other benefit of selling instead of pawning is that you can get paid for getting rid of things you don’t really need.

When you sell to a Pawnbroker, you don’t have to worry about paying the loan back, you don’t have to worry about interest – you literally get paid to get rid of things you don’t want. It beats giving stuff away for nothing.

Pawnbrokers are always willing to pay a good price for precious metals. Before approaching a Pawnbrokers Geelong with your wedding ring, you should get it appraisal. The appraisal value will be based on the Karat of the gold and the diamonds or any other stones that have been used in the design. You can get a professional appraisal from a certified jeweller or precious metal dealer. Keep in mind that whereas gold buyers are more interested in the gold content in your jewellery, jewellers, collectors and other second-hand jewellery dealers will consider the piece in its entirety. Knowing what the ballpark fired will help you negotiate a good deal.