Used Jewelry in Los Angeles
MAXFERD JEWELRY & LOAN
If you are looking at buying, selling, or pawning used jewelry in Los Angeles, look no further. You are at the right place!
Maxferd first opened its doors in 1884 in San Francisco, making it the oldest continually operated pawn shop in the continental United States. Since then, Maxferd opened four Los Angeles pawn shops in Beverly Hills, Woodland Hills, Van Nuys, and Lawndale.
All Maxferd pawn shops specialize in used jewelry.
Read on to learn why you should buy used instead of new jewelry. And why buying, selling, or pawning used jewelry at a Los Angeles pawn shop should be your first choice.
Why Buy Used Jewelry?
The short answer is value for money.
Have you ever wondered how jewelry stores can have 50% off, 60% off, and even 70% off sales several times a year and still make money? They have huge margins, selling jewelry at inflated prices. By the time you want to sell or pawn your jewelry and find out what it’s worth, it’s too late.
You typically get a lot more value for your money when buying used instead of new jewelry.
It’s All About Market Value
Market value or OMV (Open Market Valuation) is the price at which an item would sell in a competitive auction. It’s the price that a willing buyer is prepared to pay a willing seller.
The price you pay for new jewelry at a jewelry store is typically significantly higher than what it would fetch on auction. Buying pre-owned jewelry is smart!
Where to Buy or Sell Used Jewelry in Los Angeles?
There are several ways you can buy or sell used jewelry in Los Angeles. It includes friends and family, pawn shops, consignment stores, and online marketplaces such as Craigslist, Facebook Marketplace, and eBay.
Why Visit a Pawn Shop?
There are many potential advantages pawn shops offer over other channels. It includes:
Option to Pawn Instead of Sell – If you are attached to your jewelry but need cash in a hurry, you can pawn it instead of selling it. Pawn shops specialize in offering short-term collateral loans.
Layaway Program – What happens when you find a must-have piece of jewelry but don’t have the money to buy it right away? Most pawn shops offer a layaway program that allows you to pay the item off over time without maxing out your credit card!
See Before You Buy – Buying jewelry online is tempting, but images can be misleading. There is no substitute for wearing the jewelry to see what it looks like on you before buying it.
No Suspicious Products – Pawn shops do not deal in fake or stolen jewelry. You are more likely to encounter fake or stolen jewelry in online marketplaces than in a pawn shop.
Safe From Scammers – There are many myths about pawn shops, but they are one of the most regulated industries in the United States. Scammers typically stay away from pawn shops and look for potential victims online who want to buy or sell used jewelry.
Accepts Broken Jewelry – Pawn shops typically have no problem accepting broken jewelry, but selling broken jewelry to individuals or on online marketplaces can be a challenge.
Free Evaluations – Most pawn shops have years of experience buying and selling pre-owned jewelry. And many have in-house experts that specialize in jewelry evaluations. Whether you want to buy or sell jewelry, it is worth having it evaluated.
No Shipping & Handling – Selling used jewelry online typically incur shipping & handling fees. When you visit a pawn shop to buy or sell jewelry, you don’t pay for shipping and handling.
Easier to Negotiate – It’s much easier to negotiate with a friendly pawnbroker in a pawn shop who wants to help you than with a total stranger on an online marketplace.
No Waiting – Whether you want to sell or pawn used jewelry, you can walk in with your jewelry and walk out with cash in your pocket. Selling it online or through a consignment shop can take time, and there are no guarantees it would sell.
If you are looking at buying, selling, or pawning used jewelry in Los Angeles, we have four Los Angeles pawn shops to choose from. We look forward to seeing you!