What can I do?

My husband and I pawned a 3/4 diamond ring with2 sapphires, 1 on each side, at a local pawn shop. We only pawned it for $90 because we needed money to get our car fixed. I am on social security due to a brain injury that is the only reason I pawned my ring in the first place. When we went back to get it they said that they could not find it. This was my engagement ring it’s been 28 years now from the day that I got that ring. And this was the only time that I took it off. They said that they would replace it for a ring worth $205 after we pay the $120 to get the lost ring out. That ring was over $2900 28 years ago. I don’t know what to do. I am literally sick over this. What can we do? I am not willing to let them give me a $205 ring. I am not sure if they

Asked on January 14, 2019 under Business Law, Colorado

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 2 years ago | Contributor

Assuming you can prove the value of your ring, you can sue them for its full value. Someone, like a pawnshop, which takes responsibility for your possession is liable for its full value if they lose, steal, or destroy it, either intentionally or through carelessness. You can sue them for the value which you can prove (e.g. do you still have the receipt when when you bought it? An appraisal? etc.) A cost-effective and fast way to proceed is to sue in small claims court, as your own attorney or "pro se."


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