Know the terms of the loan
The most important thing regarding to pawning your item is to know the terms of the loan provided. There are a lot of times when if you hold the loan for long enough, the interest money may go higher then the loan money. Some of the pawn shops offer a 60 day loan period which would usually have a 6 to 20 percent interest rate. Online websites have a 3 to 6 percent interest rate with a 90 day loan period.
Always look around
Jewelry stores and pawnshops will pay top prices when gold prices are high, but you can still find better prices by shopping around. Go to a few jewelry stores to get your diamond ring appraised or to an art dealer for an estimate of the worth of the painting on your wall. After getting an approximate worth, take that documentation to a pawnshop. If it's a historical item that's certified or a piece of jewelry in its original box, it can only add value to have the original paperwork, boxing or certification. Finally, haggling is expected at pawnshops
Weather you are considering a sale or a loan, pawnshops usually only care for items that are valuable and high quality. For example jewelery usually holds a lot of importance at pawn shops. Selling a nice piece of jewellery will get you around 70 to 75 percent of the price. Selling a rolex watch or high end firearms would end up getting 85 percent. On the other hand, inexpensive households items that lose value as time goes are not even worth the effort. This includes microwave ovens, appliances and such.