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Scrap Gold Price at Pawn Shop

Scrap gold price at a pawn shop may be the best way to cash in on your old jewelry in a pinch. Pawn shops are easy to find, and normally quite accessible.

Finding a pawn shop to buy your gold

If you have google and a smartphone, you can find a pawn shop. We were able to find 8 pages worth of results in the Phoenix area alone. But, how will you know which one is best with 8 pages worth of Google results? And will a pawn shop really offer you top dollar, or should you go with an online gold buyer?

Reviews can be great in this case. However, you shouldn’t rely on them. Often, first time sellers lack gold experience or knowledge, and leave ‘frustration’ reviews. We suggest educating yourself before selling your gold.

First, know the market value of gold before entering the door. Websites like KITCO track list live market prices, measured in all the most common weights.

Secondly, know your purity. We use a purity scale to measure actual gold content. You can use a purity chart to give you an idea of what you have.

Lastly, do market research outside of gold value. In other words, find out how much the item cost new. You can use these guidelines to determine overall value, and never get duped.

How A Pawn Shop Works

When it comes to gold prices at a pawn shop, things can get a bit complicated. We’ll try to talk you through the ins and outs, to help you when the time comes to sell.

It’s important to remember that brick and mortar pawn shop are businesses. And, similar to other small businesses, have overhead costs. Basically, pawn shops need to build a ‘bottom-line’ into their buy prices.

For instance, when dealing with gold jewelry, pawn shops are taking more than the price of gold into account. Market value, purity, and overhead costs are all built in to their buy price. Likewise, different pawn shops operate under different profit margins.

Moreover, professionalism also plays a big role at any pawn shop. Your watch (or ring, glassware, etc.) should always be tested for purity, and weighed. There’s really no exception to this rule, and if an owner tells you otherwise, it’d be a good time to walk away.

Choosing The Right Place to Sell

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 typically the best choice.

Online gold buyers are probably your best bet. When comparing a B&M shop to an online pawn shop, 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 rent every month, or huge utility bills for that mater. And, typically, without the overhead costs, online shops are primarily looking at gold value.

But even better is selling your gold to us. We offer 100% secure transactions, a total hassle-free approach, and zero risk. And, because we do not have the overhead of a physical store-front, 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 information regarding scrap gold price questions at a pawn shop, give us a call: 1-877-857-6227 Or, visit our website (goldcashbuyers.com).

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Scrap Gold Prices for Extra Cash

Scrap gold prices have hit an all time high. And, considering the way things have been going, that’s really no surprise. Whether you’re looking to find out more, or make a little cash on the side, gold can be great. But, if you don’t know what you’re doing, it can also be a tremendous waste of time.

What Is The Gold Standard?

Before you get too deep into the gold topic, understanding how gold works in the current economy can be very valuable. The Gold Standard is just that, a monetary policy. Essentially, all currency is based on a quantity of gold. Why base an entire economic system on a precious metal?

Well, for starters, value preservation. Money is much more complex than just a piece of paper with some special markings. And it’s important to understand how or why that piece of paper has any real value at all. In a gold backed economy, the government ties the paper money it prints with the physical gold it has on hand. Likewise, a government that prints money without backing runs the risk of devaluing their currency entirely.

If your economy uses a Gold standard, anyone, at any time, can trade their paper money in for actual Gold. And, similarly, can receive paper currency on the market for the weight of gold they possess.

It’s worth noting that this concept is nothing new. In fact, it has been around for a few thousand years. Gold and silver have both played their part in the growth of economies. For instance, Asian farmers used pieces of gold and silver as a method of payment, British empires used gold as the scaffolding for their empires.

Fiat Currency

Comparatively, Fiat backs its currency through a connection with supply and demand. Basically, the more demand you have within your economy, the more value your money has in the world market. Additionally, the more demand you have, the more money should be able to print (in theory).

However, on the other hand, some fear the Fiat Currency is quite dangerous. And one of the dangers associated with fiat is hyperinflation – where governments print money outside the confines of supply and demand. Today, more so than ever before, the dangers of fiat seem to be quite apparent.

Thankfully, we still have physical gold. And while the U.S. and European economies are no longer backed by Gold, their deposits remain intact.

Gold Scrapping Prices

Enter gold scrap prices. Gold is quite complex, and has many “measures” that help decide it’s worth. Currently, we refer to this value as “market value”

How Gold Is Weighed

We use three measurements to weigh gold:

  • Ounce
  • Gram
  • Kilo

And value for each change on a daily basis. You can check out current gold prices by visiting a website like Monex.com

Gold Purity

Gold weights are not the only thing you have to think about when scrapping. Additionally, purity (or carats/karats) plays a huge role in how much gold is worth.

Basically, without running you through a science course, purity is the relationship between gold content and it’s carat rating. The purest gold is 24 carats, and contains 99% gold by weight. Comparitively, 10k gold is on the lower end of the scale. Today, one ounce of 10k gold is worth $700+ USD.

Where Can You Find Gold?

You can find Gold in just about everything, but you have to know where to look. We’ll list a few places to find it.

  • Computers – Laptops, desktops, and all-in-ones contain gold components. Circuit boards found inside of a new laptop can contain between $15 and $25 of gold.
  • Cell Phones – that’s right, don’t go throwing that old iPhone away so quickly. The average mobile contains 50 milligrams of gold in weight.
  • Old Jewelry – this is the easiest place to find scrap gold by far. But, you’ll want to be wary as far as where you find it. Fool’s gold jewelry is practically worthless!
  • Space Technology – gold is used by Nasa in their space shuttles. The metal can be found in a shuttles circuitry, connectors, and conductors.

Additionally when dealing with Scrap gold and finding prices, you can use gold-calculators to help!

How Much Are My Items Worth?

Scrap gold prices are constantly fluctuating, and that’s part of what makes scrapping so fun!

Ideally, you’ll be able to find a few common items containing gold using the list above. And, really once you understand where/how gold is used, it won’t be hard to find. But, to understand how much your scrap items are worth, it will take a bit of legwork.

Really it all comes down to weight and purity. But, that doesn’t necessarily mean the heavier your items are, the more they will be worth. A troy ounce is the most common measurement for gold. In our example, we’ll use the average amount of gold found in a smartphone: 50mg:

We know that 24 grains equals about 1/20th of a troy ounce (see pennyweight dwt). And, we know that you need 28349.5 mgs to have one ounce worth of gold. Likewise, we know that the market value for one troy ounce of gold today (6/8/2020) is $1,697.00, and our cell phone is 75% pure (18 carats).

Our 50mg gold containing smartphone internals have roughly 50mg’s of gold, or 0.03 ounces. Therefore, we can safely say our cell phone internals are worth $2.05.

Now, we know $2.05 is not going to make anyone rich overnight. But, if you gathered 100 smartphones, you may have something worthwhile.

For more info on our Scrap gold prices, give us a call at: 1-877-857-6227

To Scrap Or Not To Scrap

Scrap gold prices are very good right now, and unlike stocks or bonds, their value normally remains VERY stable.

Really, your chances of finding gold scrap will increase with access. Meaning, the more recycled electronics you can get your hands on, the better money you’ll make. Many other people also sell old gold jewelry, watches, and engagement or wedding rings to make extra cash.

What’s In It For Me?

If you plan on getting into scrapping, you’ll want to find a business that knows what they’re doing. Our gold buying platform is 100% secure, fair, and no-hassle. And, best of all, if you do not like the price we offer after shipping your gold, we’ll ship is back at no cost. Watch our highly satisfied customer tutorials here.

Looking further help selling your scrap gold? Visit our website for more information.

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Scrap Gold Prices: What to Look For

Scrap gold prices are sky-rocketing right now. And, considering the way things have been going, it’s a GREAT sign of better things to come. Whether you’re looking to make a little cash on the side, or to learn more about old jewelry, scrapping can be a cool little side-gig.

Gold 101

Before you consider selling gold, you should have a basic understanding of gold economies, and how they work. Essentially, all currency was once based on actual gold holdings. But, why base an entire system on a raw precious metal?

Well for starters, gold holds value extremely well, and thus, tends to stay steady overtime. This creates a secure ‘environment,’ where gold is tied directly to printed money. We call this value preservation in the gold world. In other words, all paper money has an equivalent amount of gold backing it. Hence the popular term “gold backed economy.” Gold backing is nothing new either, and in fact, has been around for thousands of years! This system allows anyone, anytime, to exchange their paper currency in for Gold.

Fiat Currency

Nowadays, major gold backed economies have been replaced with another ‘technique.’ Fiat systems are connected directly through a supply and demand structure. Similar to gold, fiat models are backed. But, unlike gold structured economies, they do not rely on something tangible. Instead fiat uses market demand for ‘things’ linked to an economy. And, when demand rises within sectors of the economy, the paper value of currency rises with it.

However, on the other hand, some fear the Fiat Currency is quite dangerous. And one of the dangers is called hyperinflation – where governments print money outside of supply and demand. Further, because economies can’t physically touch the demand they have, it’s hard to differentiate between what’s actually there.

Thankfully, we still have physical gold deposits. And even though our U.S. economy is no longer backed by gold, its holdings remain.

Gold Scrap Values

Enter gold scrap prices. Gold is quite complex, and has many “measures” that help us decide it’s worth. Currently, we refer to this as “market value.”

How Gold Is Weighed

We use three measurements to weigh gold:

  • Ounce
  • Gram
  • Kilo

Gold Purity

Basically, without getting too far into the weeds, purity is the relationship between gold content and its karat rating. Parts of gold, karats (or carats), and % of gold, are all means of deciphering gold purity. For comparison, we’ll take a gold conversion chart to give a better idea of purity.

Number of Karats | Parts Gold | % Purity

  1. 9K | 9/24 | 37.5%
  2. 10k | 10/24 | 41.7%
  3. 12k | 12/24 | 50.0%
  4. 14K | 14/24 | 58.3%
  5. 18K | 18/24 | 75.00%
  6. 22K | 22/24 | 91.7%
  7. 24K | 24/24 | 99.9%

For example, let’s say you have 10 grams of 10k gold jewelry. We know that 10k gold is 41.7% pure, or, in other words, worth 41.7% of a 24k gram. So, therefore, we know that our 10grams is worth $229.91 USD.

Additionally when dealing with scrap gold and finding prices, you can use scrap gold calculators to help!

Finding Old Gold

You can find gold all over, but you have to know where to look. A good place to start is electronics. Laptops, the latest iPhone, Androids, Bluetooth speakers, pretty much anything that has a circuit board. For instance, a new laptop can contain up to $25 in gold. And similarly, your average size smartphone contains about 50mg of gold by weight.

Many of us also have old jewelry lying around – pieces we no longer enjoy, or that are broken and we never got around to repairing them. These are excellent sources of scrap gold.

How Much Are My Items Worth?

Scrap gold prices are constantly fluctuating, and that’s part of what makes scraping so fun!

Ideally, you’ll have a stash of old jewelry at the ready, or be willing to haul your neighbor’s old desktop away free of charge.

Now, we know you’re probably not going to get rich overnight by extracts old circuit boards out of junk desktops. But, scrapping of gold can actually yield more than you’d think.

For more info on our scrap gold prices, give us a call at: 1-877-857-6227

What’s In It For Me?

If you plan on getting into scrapping, you’ll want to find a business that knows what they’re doing. Our gold buying platform is 100% secure, fair, and no-hassle. Our gold cash buyers will offer you a competitive price. And, best of all, if you do not like the price we offer after shipping your gold, we’ll ship is back at no cost. Check out our client testimonials here.

Looking for help selling your scrap gold? Visit our website for more information.

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