Finding scrap gold prices at your local pawn shop might be a great place to start, especially if you have old jewelry laying around. But, there are a few things you should know going into the buy/sell game. And maybe a few secrets you never knew about!
What your local pawn shop’s not telling you
Scrap gold prices at pawn shop won’t change much, and the platform has been around for years. Before you take that trip to the pawn shop down the street, it’s a good idea to have a basic understanding of what a pawn shop is.
Essentially, pawn shops are a place to go for quick cash. They will take your items in, and usually offer collateral-based loans – meaning the loan is secured by something of value. You take in something you have of value, and if a pawn broker agrees with said value, he will offer a loan in exchange.
Additionally, pawn shops will offer you a upfront cash deal as well. This cash offer normally takes a few things into consideration.
First, metallic value. So for your gold ring, they’ll test it for purity and weigh the item on a scale. Then, they’ll use these two values to decide how much to offer you.
Second, retail value. But, not retail value in a traditional sense. Instead, because they have a vested interest re-selling your item, a ‘sell-ability’ is factored in. For example, if you have a big bulky 18k ring with a fish inlay pattern, a pawn shop has to take that pattern into account. And, even though the ring is 18k gold, they may only be able to offer half its original value.
In summary, we’re not saying taking your item to a pawn shop is a lost cause. Just know what you’re getting yourself into ahead of time. If you’re more interested in the metallic worth of your old jewelry, selling it to an online buyer is better in the long run.
Gold selling secrets
Are you ready for a little secret? If you’re new to the gold buying scene, understanding the ins and outs of gold markets, characteristics of precious metals, and best prices can be overwhelming.
With online gold buyers growing in popularity, it doesn’t have difficult to sell your scrap gold. In fact, selling your gold today is easier than it has ever been before. That’s because businesses like Gold Cash Buyers do everything for you. That’s right. We do all the legwork, because it’s in our best interest to give you a better price. Think about it, our entire business model would fail if we gave ‘low-ball’ offers to customers.
Scrap gold prices at pawn shop secrets.
Finding the best shop
If you’ve made it this far, you’re in luck, and probably ready to make a move. Here’s a little tip moving forward. Even though brick and mortar pawn shops are easy to find, they’re not really the best choice.
Online pawn shops are probably a better bet. When comparing a B&M to online pawn, overhead prices are a huge factor. Normally, you’ll find the best buy prices online for that reason alone. Virtual store fronts do not have to pay monthly rent, or huge utility bills every month. And, typically, without the overhead costs, online fronts are looking solely at market value.
An even better bet is selling your gold to us. We offer 100% secure transactions, hassle-free, and 0 risk transactions. And, because we do not have the overhead cost, we can always offer top dollar for your items! Best of all, if you are not satisfied with the price we give, we’ll send your items back free of charge! Check out our highly satisfied customer testimonials here.
For scrap gold prices at pawn shop questions, give us a call: 1-877-857-6227 Or, visit our website (goldcashbuyers.com).