Do you have some gold jewelry you just don’t wear anymore? Maybe even gold jewelry that’s broken and you just don’t feel like repairing it. If this is the case for you, remember your local pawn shops! Pawn shops offer the best price for gold. As long as you do your research and approach the situation with confidence, you can get the best price for your gold jewelry at your local pawn shop. Keep reading to find out more!
Research
When it comes to getting the best gold price at a pawn shop, doing your research before you enter the shop is the most important thing you can do. Not only can you save yourself time and aggravation, you also get a fair deal for your items, one that ensures both parties are satisfied. With gold jewelry, getting the best price depends on determining a few key factors:
Authenticity: Is your jewelry real gold, or is it a good fake or costume jewelry? Clearly, this is the most important part of determining the value of your items. Additionally, there’s another element of authenticity that must be proven when selling to a pawn shop: your ownership. Pawn shops take great care to ensure they are not dealing with stolen goods. Bringing along any relevant documentation not only helps you prove authenticity, but can even increase the value of the item.
Karat and Carat: Karat is the measure of the purity of gold, and it directly affects the price you’ll get for your items. Generally, the higher the karat the more you’ll get. While Carat is a measure of the weight of gemstones. If your piece features precious or semi-precious stones, determining carat weight can help you come to an appropriate valuation.
Market value: The price of precious metals like gold changes on a daily basis. Take a look at the market value to get an understanding of the value of your piece.
Prepare to Negotiate
It’s important to remember that pawn shops leave room for negotiation, whether you’re buying or selling. If you’re selling gold or jewelry and are prepared with an understanding of the item’s fair valuation, you’ll be more likely to get the price you want.
Make room for flexibility in your asking price, especially when you’re working with a reputable pawn shop with brokers who know what they’re working with. In the end, friendly negotiation results in a favorable deal for you and the shop!
Most pawn shops are very interested in purchasing other precious metals as well, like silver and platinum jewelry, especially those that are set with gems or pearls. Keep in mind your local pawn shop when you want to sell your valuable
Looking to sell your gold jewelry or other gold items? Remember the Alamo, on Transmitter Road in Panama City! Selling or pawning your valuable items with us is safe, easy and faster than doing it yourself. We are always looking for new stock and our staff is knowledgeable in a wide variety of items!
To see what items we have available at Alamo Pawn Shop, visit our store on Transmitter Road or shop online! We’re always getting new items in and will be happy to help you find what you are looking for at an affordable price.
If you are interested in a loan, we provide quick, confidential loans on just about anything of value. Remember when you sell your item to us you can not pick it up later like a pawn loan.