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| Pawnbrokers shop |
When you pawn a necklace at a pawn shop, you get cash in exchange for it with the understanding that you can buy it back later. The benefit when you pawn something is getting cash immediately. The downside is that you will have to pay more money the amount you borrowed, plus interest to get your item back. For example if I were to pawn a solitaire ring 9ct yellow gold and the value I am selling it for is R2350 by the time I want to buy it back it will cost more than the price I charged for when selling it.
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