Pawning my ring, how much do you think its worth?

Pawn shop's goal is to pay as little as possible for items that are pawned. Their other goal is to sell things for as much as a sucker will pay. It's the "Buy low, sell high" adage. That's how all businesses make money. If you get $300, I would be surprised. Have it appraised at a jewelery store before going to the pawn shop. They will give you an estimate of its retail value. Then expect about 1/4 to 1/3 of that amount for the pawn shop offer. Then negotiate UP from their offer. You can get the jewelery shop to weld a piece of gold to fill in the gap that was created when it was cut off.