Oceanside Jeweler and Pawn Experts
Regardless
of the reason, there will come a time in most of our lives when we are
in need of fast cash. Gems N' Loans is the only pawn shop in Oceanside
that let's you use your gold like a credit card. Trade gold and jewelry
for cash or credit.
Gold
coins and bars are wealth in its most real form.Throughout history gold
has played a significant role in human affairs. From the dawn of
civilization it has been fashioned into jewelry and accepted as a means
of exchange.
One of the most interesting aspects of gold jewelry
ownership is that its price commonly moves counter to stock and bond
prices. Gold enhances the stability of one’s total investment. Adding
gold jewelry to your investment can actually increase overall returns
over the long term.Every society on Earth values it.
Learn more here!
National Pawnbrokers Association Talk
The first thing one notices when visiting any one of the five Gems N’ Loans locations is how clean and welcoming the stores feel – closer to a jewelry store than a typical pawn shop. Gems N’ Loans prides itself in creating a professional and inviting environment, and also in being very selective about the items it carries. By policy, the stores will not buy or sell weapons or junk, and much of the higher-end jewelry that they sell is certified by the Gemological Institute of America. All locations stay open until 7 p.m., seven days a week, in order to offer their customers as much flexibility as they may need to access the products or services they require. Employees are exceptionally friendly, knowledgeable, and highly professional, which is all a reflection of the surprisingly rigorous process by which they are selected and trained. In a business that serves people who are often in less-than-ideal circumstances, having employees who can work well together and understand the customer’s needs is crucial.
Learn more!
Gems N' Loans Oceanside How To Pawn Shop
You can sell your item to the pawnshop outright, but pawnbrokers are less enthusiastic about these transactions because loans offer much more profit potential for the pawnbroker.
You can sell your item to the pawnshop outright, but pawnbrokers are less enthusiastic about these transactions because loans offer much more profit potential for the pawnbroker.
1. What does a pawn store do? The core of a pawn store’s business is making collateral loans. Pawn stores offer loans, secured by something of value. The pawn store may have other business elements such as retail sales. However, pawnbrokers focus on lending money.
2. How does a pawn loan work? Customers bring in an item of value, and the pawnbroker offers a loan based on a percentage of the item’s estimated value. The pawnbroker then keeps the item until the customer repays the loan with interest and any additional fees that may apply. Pawn stores are regulated on a federal, state and local level.
3. How much money can I get for my item? On average, customers receive only a portion of the item’s retail value. Remember, the pawnbroker is loaning money on the item, not buying it. The pawnbroker must consider the cost of storage, security and future demand for the item, along with the resale value if the loan is not repaid. The average loan amount nationally is $150. However, loans can be made for any amount, depending on the value of the pawned item.
4. What kind of interest rate will I have to pay on the loan? Interest rates vary from state to state and usually amount to less than bank overdraft fees, utility reconnect fees, or credit card late fees. As an example, an $80 pawn loan at 20% for 30 days would cost about $16. Compare that to an overdraft fee or a credit card late fee that may negatively affect your credit.
5. What do I need to do to get a pawn loan? In order to secure a pawn loan, you simply need an item of value and proper identification. Pawn loans do not require a credit check, bank account or co-signer.
6. What happens if I don’t repay my loan? Defaulting on a loan can never affect consumers’ credit scores. Because the loan is based on collateral—that is, an actual piece of property—the loan is considered paid in full when the item is handed over to the pawnbroker.
Learn more
Why Finding Bargain Along the Coast is Fun?
Haggling is part of the pawn shop experience, but the seller always has a leg up on you because they know exactly how much they paid for an item. If you're ever looking to buy something from a Gems N' Loans store, you can tell how long the item has been out and how much the pawn shop has into the item by reading the tag.
A an antiques/vintage expert by the name of Reyne Haines, says “There are a variety of items you can find good deals on at pawn shops,” She explains that many pawn shops sell deeply discounted electronics, fine jewelry, musical instruments and an array of collectibles or antiques that can net high prices in their respective niche markets.
Learn more!
Bargains and Jewelry on the Coast
Here at Gems N’ Loans Jewelry and More, we aim to be more than just the normal one stop shop. Our goal is to provide great customer service to the community and offer a large selection of quality products at an affordable price.
Whether it is gold, jewelry, or an affordable bicycle, we have the bargain prices that make pawn shopping in Oceanside a treat. We are an Oceanside jewelry store that offer photos and reviews of our products and services. Oceanside pawn shopping should be a fun experience. Here at Gems N' Loans we are here to answer any questions or bargains you may have.
Locate the right pawn shop. Do some online exploration to see what others have said in regards to working with range pawn shops. At that point, pick a respectable shop and specialist you feel great with. Additionally, realize that some pawn shops have some expertise in specific things. For instance, on the off chance that you have a collectible, search for a pawn shop that has experience purchasing and offering old fashioned things.
Learn more!
Interesting Facts About Pawn Shops
For a considerable length of time, second hand stores have held an appalling disgrace as the last asylum of the ruined, exploiting individuals at their generally frantic. However, after the financial breakdown of 2008, the movement into second hand stores has expanded extensively, with white collar class and even rich people being compelled to exchange their assets for credits. The next year, the History Channel appeared Pawn Stars, a reality-style TV show itemizing the misfortunes of a shop in Las Vegas. It rapidly turned into the system's greatest hit and produced a large group of imitators. Today, the industry is flourishing, though frequently misjudged.
One of the biggest risk a Gems N' Loans takes upon buying or pawning an item is that it is actually stolen property. There’s no way to determine whether a watch or a television is stolen by appearance alone, and that is why a pawnbroker must make a careful record of his purchases, requiring customers to provide identification (and even fingerprints in some cases) to prevent “fencing.”
While second hand stores may be seen by some as an image of humankind's voracity, the supporter holy person of pawnbrokers keeps up a legacy as a standout amongst the most liberal people to have ever strolled the earth. Holy person Nicholas was known for his generosity. In one example, he saved the three little girls of a poor man from getting to be whores by giving him three packs of gold to give settlement to them to be hitched, throwing the sacks through a window during the evening.
A few renditions demonstrate that Nicholas dropped the packs off each one in turn more than three continuous evenings. On the third night, the man endeavored to find the character of his baffling promoter, however Nicholas was adroit and dropped the pack down the smokestack. This story was altered a bit (tossing in reindeer and swapping the gold for toys) to make the adored legend of Santa Claus. Other people who fall under Saint Nicholas' support incorporate apologetic criminals, the dishonestly charged, youngsters, and drug specialists.
Learn more!
Bargain Pawn Shopping Oceanside CA
We buy and sell gold coins & silver coins at the fairest market
value today. We are an Oceanside based coin dealer offering fair pricing
and accurate grading. We also buy gold, silver and most precious
metals.
How does a pawn work?
A pawn is another term for a collateral loan. Pawnbrokers lend money on items of value ranging from gold and diamond jewelry, musical instruments, televisions, electronics, tools, household items, firearms, and more. Some pawn shops may specialize in certain items. Loans are based on the value of the collateral. When a customer pays back the loan, their merchandise is returned to them. A customer may also choose to surrender your collateral as payment in full. Pawn shops may offer extensions/renewals (where permitted by state law).
While the pawnbroker industry effectively serves real customer needs and
has been around for many centuries, pawn shops are often misunderstood
and misrepresented. Pawn shops are regulated at the federal, state, and
local level and generally adhere to high standards of conduct and best
practices set by industry associations.
Considering that almost a
quarter of households in the U.S. are unbanked or underbanked, pawn
shops and pawn loans offer a necessary and legitimate service to
economically challenged customers in need of relatively small,
short-term loans. Their business model relies on developing and
maintaining strong relationships with customers, both for the loans and
for the retail operations.
It can be surprising to see how broad the
range of customer incomes can be, though in the end, the value of the
pawn loan model is the speed and convenience with which one can gain
short term liquidity. In spite of the value they provide, one of the
biggest challenges in the pawn shop business is still public perception,
and that’s something that Hembree has strives to reverse with his own
brand of service at Gems N’ Loans.
Read complete article!
Gems N' Loans | Pawnshops Oceanside | Buy and Sell Gold
In times when incomes stagnate, the cost of living rapidly increases or the economy heads into a tailspin, individuals may find themselves with little or no option but to exchange their valuables for cold hard cash in order to make ends meet. But will handing over your valuables really get you out of trouble? It could, but it depends on what you have to sell and how you go about it.
Use Your gold like a credit card!
We buy and sell gold, and offer our customers the opportunity to arrange for credit based on the value of their gold, or sell it for fair market prices.
How Pawn Shops Work
A pawnbroker, the person who operates a pawnshop, will loan you money based on a percentage of the value of the item you want to pawn.
Typically, the terms of the exchange will include an interest rate on the amount of cash you receive and a deadline by which you must repay the loan, plus interest. Failure to meet this deadline can mean that you forfeit the item to the pawn broker. The limitations within which U.S. pawnshops are required to operate are governed by state law and, as such, there may be some differences among the policies and procedures for pawnshops in different areas.
