Pros and Cons of Selling to a Consignment Store

When you have to sell your jewelry, most often you will look at the pawn shop store in Pleasant Hill. However, it is better to sell to a consignment store than a pawn store if you want good value for your jewelry. Here are the pros and cons of selling to a consignment store.

Pros of selling to a consignment store

You will get full value for your jewelry with a consignment store. In a pawn store, you will not get the full value of your jewelry but just a part of it.

If your jewelry is an antique or vintage piece, you will get more value for it.

More people come to a consignment store to buy jewelry than a pawn store. Hence the chances of your jewelry selling are much greater in a consignment store.

A pawn store will get the money they gave whether or not they sell your jewelry. When you come to redeem it, you will pay the actual plus interest. If you default, they can sell the jewelry at its full price (which will always be greater than what they gave you) and earn profit. So, they don’t care to actively sell your jewelry or find the best price for it. But a consignment store earns a commission only when they sell your piece of jewelry. Hence, they will display it well, advertise it to their regulars and make an effort to sell it as high as possible.

Consignment stores have a reputation for only selling high-quality and brand-name items. So, your piece of jewelry will get a better valuation than the market price when you sell through them.

Many consignment stores have both online and in-store channels of sale. Hence your jewelry has more chance of coming to the notice of interested buyers than any other sellers like pawn stores or jewelry stores.

Cons of selling to a consignment store

The biggest con of selling to a consignment store is that you won’t get the money then and there. You will only get the money when the item sells. So, if you need immediate cash, pawn shops are your best option.

Next, there is a time period for consignment stores trying to sell your jewelry. Generally, it is one month, 2 months, or 3 months. The price you get will depend on how quickly it sells; as time goes by, you will have to settle for a lesser price.

So, balance the pros and cons before you take your jewelry to a store that says consign with us in Bay Area.