Quick Answer: How Much Can You Pawn An Engagement Ring For?

Most jewelry stores and pawn shops pay approximately 50 cents for every dollar of scrap gold value.

If the value is $1,000, for example, a store will offer to buy the ring for approximately $500.

At Abe Mor, however, they offer 75 cents for every dollar of scrap value.

Can you pawn your engagement ring?

No, don’t pawn your ring. There are ways to get more money than what a typical pawn shop would pay you. Many jewelry stores also buy pre-owned jewelry. And if they can use the item, or the diamonds in the ring, they can usually pay you much more than a pawn shop.

Do you get more if you sell or pawn?

The main benefit of selling is that you get a much higher value compared to pawning. If you had a watch worth $1,000, the loan you’ll get when pawning may only amount to $300. If you sell the watch, however, you may get up to $800.

How much can you get for jewelry at a pawn shop?

For example, as of the day of writing this article pawn shops pay around $1250 for an ounce of pure gold. If you have 10k gold jewelry, you can sell it for $16.35 per gram, and 14k gold jewelry can be sold for 423.50 per gram.

How much is a 1 carat diamond ring worth?

Rule of thumb: A 1-carat diamond can cost as low as $2,000 and as high as $25,000. That means a middle-of-the-range diamond should be $11,000 – $12,000. Sounds simple, but that is overpaying. A good value, good quality 1 carat diamond should cost you around $4,500 – $6,000.

What can I pawn for $500?

You can pawn the following items for approximately $500 cash today.

  • Gamer Computer.
  • High-End Laptop.
  • New Large Screen HD or 4K TV.
  • Riding Lawn Mower.
  • Old Car or Truck (the title must be in your name)
  • Gold, Platinum & Silver Jewelry.
  • Large Diamond with Great Clarity.
  • High-End Watch.

How much is a 14k gold ring worth at a pawn shop?

For example, as of the day of writing this article pawn shops pay around $1250 for an ounce of pure gold. If you have 10k gold jewelry, you can sell it for $16.35 per gram, and 14k gold jewelry can be sold for 423.50 per gram.