Whether it’s a diamond engagement ring from a past relationship or a gold pocket watch that once belonged to your eccentric great aunt Mimsy, jewelry often holds sentimental value. But sometimes it’s just too outdated or no longer wearable, nearby pawn shop jewelry can be a smart financial decision to sell the piece for cash and put the money toward something you would enjoy more.

There are several ways to sell unwanted or outdated jewelry for cash, from local jewelers and pawn shops to online marketplaces. The best option for you depends on your situation, but it’s important to do your research before making any decisions to ensure you’re getting a fair price and aren’t being ripped off.

Where to Sell Jewelry for Cash in Phoenix

When selling jewelry for cash, make sure that your items are in pristine condition before showing them to potential buyers. This means polishing gemstones and, if possible, having the pieces professionally appraised. A reputable jeweler will have the tools and equipment to properly clean most precious metals, and they can typically provide an appraisal for free or at a small fee.

If you’re considering a local sale, be wary of establishments that advertise “Cash for Gold” or “We Buy Gold.” These businesses may not always offer the most money, and they might use faulty scales to mislead you. Instead, visit a jeweler that specializes in selling pre-owned jewelry. They will be more likely to offer you a higher price than traditional pawn shops.