prestige pawn shop logo

Selling Gold to a Pawn Shop

How to sell gold

Do you have old jewelry or coins that are just sitting around collecting dust?

In this article, we’ll explore everything you need to know when selling gold to pawn shops. You will understand how much it’s worth, to finding the best place to get top dollar for your items. Keep reading if you’re ready to learn more about trading gold for cash now!

Selling gold to a pawnshop can not only help you make some extra cash but also give you a great sense of satisfaction. The process may seem intimidating at first, but with the right knowledge and effort trading gold can be easy and profitable.

When it comes to selling gold, the first step is understanding its true value. This means considering a variety of factors such as purity and weight when assessing the worth of your items.

Have you heard anyone say: “Gold Spot”?

Gold Spot is the current market value for one ounce of pure 24k gold. If you are selling gold bullion to a pawnshop this number is extremely helpful.  Remember your pure gold bullion is usually valued by gram.

 

Purity ranges of gold.  

The standard purities of gold are 10-karat, 14-karat, 18-karat, and 22-karat for jewelry. Since gold is a very malleable how to sell goldsubstance, other metals are typically added to gold to make the jewelry more durable and in turn lowers the percentage of gold.

For example, 24-karat gold has a higher market value than 14-karat gold because it contains more of the precious metal. Likewise, jewelry pieces that contain rare gems or designer items can fetch much higher prices.

 

Once you’ve got a good idea of how much your gold is worth, it’s time to shop around for the best deals.

Start by researching local pawn shops in your area — visiting their websites and calling up to get an idea of their pricing structure. Once you find a pawn shop that seems like a good fit, make sure to compare prices.

When it comes time to make the sale, there are a few things to keep in mind!

  • First, be prepared to negotiate — as this is one of the keys to getting top dollar for your items.
  • Second, remember to bring proper identification.
  • Third, if offered in-store credit instead of cash, make sure to read and understand the terms of the agreement before signing.

With these tips in mind, you should be well on your way to trading gold for cash! Just remember that selling gold can be a complicated process — so it pays to do your research.

If you’re looking for the best cash-for-gold service, turn to us: Prestige Pawn and Jewelry.

Our team of experienced professionals is committed to giving our customers the highest prices for their gold. We understand how important it is to receive competitive market value for your items–and we strive to make that happen! Not only do we offer great rates, but our customer service is second-to-none. No matter what kind of gold you have, bring it to Prestige Pawn and Jewelry today for a fast and easy transaction. With fantastic prices and unbeatable service, why would you go anywhere else?

You may also like:

Pawn or Storage: Smart Solutions for Your Valuables

Gold Hallmarks: Jewelry Stamp Guide

5 Common Mistakes in Gold Pawn Transactions

Related Articles

Want to Sell A Used Lawn Mower Easily

Table of Contents So, you’ve decided it’s time to part ways with your trusty old lawn mower. Maybe you’re upgrading, or perhaps gardening has lost

Find Affordable Engagement Rings

How Can You Find An Affordable Engagement Ring Let’s talk sparkle without breaking the bank—the perfect affordable engagement ring that looks like a million bucks

Are Lab Diamonds Real Diamonds?

Are Lab Diamonds Real Diamonds? Let’s cut right to the chase: are lab diamonds real diamonds? Yes, technically they are created with the same mineral

Can You Pawn the Same Item Twice?

Let’s cut to the chase—can you pawn the same item twice? Absolutely, yes. It might sound like a loop in personal finance, but it’s more

Subscribe to Our Newsletter

Receive discounts and learn about fine jewelry, buying, selling and pawn loans

We will never disclose your email to anyone.

Recent Posts