According to the calculator, this is 95% accurate. You can trust Premier Pawn for straightforward offers. The weight of your gold will play into the total value. Whether you’re pawning or selling a diamond ring or a pair of diamond earrings, you will be well-equipped with the knowledge you need after you read our post on How Much Pawn Shops Give for Diamond Rings. If gold is trading for $1,200/ounce, you have a 14-karat chain and it weighs three grams, your equation would look like this: $1,200/31.3 x .575 x 5 = $110.22. You're better off sending your stuff to a refiner that works with small amounts. If you are planning to pawn jewellery, but unsure what you may be offered as prices can vary greatly, using the estimator will give you a 95% accurate of the loan amount a typical pawn shop will offer you. Pawn shops will typically pay 30 to 60% of what a diamond is worth. Call or visit our store today! A mail-in gold place will give you far less. How Much Do Pawn Shops Pay For Your Stuff? Also, learn as much as you can about jewelry. If you have a realistic view of the worth of your jewelry, it’s easier to tell if you’re getting a good deal. Gold is non-renewable element, so at the end of the day, all jewelry is “recycled” to a certain extent. If you have 10k gold jewelry, you can sell it for $16.35 per gram, and 14k gold jewelry can be sold for 423.50 per gram. There’s a reason why the word ‘gold’ is so immediately synonymous with all things great and good, which explains why you might consider pawning gold to be a good idea. Bring in your piece and we will give you a cash loan! Afterward, multiply the resultant value (12.51) by the current price of gold to get the approximate value pawnshops is likely to offer you for your piece of jewelry. If the company representative tells you they do not pay per gram and only pay by pennyweight you should avoid going to the location. Based on the weight of the gold in 14K metal, the value at a pawn shop will be about 50% of the days gold rate. Jewelry is one of the most popularly pawned type of possession, if not the most popularly pawned overall. Pawnshops either use grams or pennyweights for measuring units. Yes, there are some really reliable buyers but they are very hard to find and rare. How to Pawn or Sell Handbags for Quick Cash, How Much Pawn Shops Pay for a Gold Bracelet, How Much Pawn Shops Give for Diamond Rings, Create a free listing (upload a photo & detailed description of your jewelry, as well as your name, email address and phone number), Watch online offers roll in from your local pawn shops that take jewelry, Once you get your offers, if you see one you like, bring your jewelry into that pawn shop, Get the cash in exchange for your jewelry. Don't want to part with your item for good but need some cash? It is possible to get a fair, reasonable price offer when pawning jewelry, you just need to go to the right place. Pawn shops will offer the lowest return — sometimes less than half of the bullion content. Now, with gold crossing $1,400 per troy ounce recently, this would put the value of the gold in your chain at 0.025 times $1,400, or $35. To figure out how much pawn shops pay for a gold bracelet, you can use karat, weight and market value to mimic what a pawnbroker would do to price it out. If a pawn shop offers you $720 for jewelry, what is it likely worth? This means that it’s nearly impossible for you to ever get offered more than this amount for your gold. How much is 11.2 grams of 14k gold worth? 14K Pawn & Gun Westland . Similar to our post on gold, our post How Much Pawn Shops Pay for Silver delves into the value of silver and helps you determine how much cash your silver jewelry might get you at a pawn shop. The gold standard, the golden boy/girl, a golden age. You can take a 14k gold chain to most jewelry or pawn shops to get an appraisal on its worth. Selling Gold & Silver to a Local Pawn Shop. This makes it difficult to determine exactly how much your bracelet, watch or chain will be worth from one day to the next, but you can do some calculations to determine what you will likely receive from a pawnshop. If gold is trading for $1,200/ounce, you have a 14-karat chain and it weighs three grams, your equation would look like this: Now remember, that’s the market price of your gold’s melt value, but pawnshops offer less in order to resell the item to make a profit. Looking to sell or pawn an item now? honestly, pawn shops and gold buyers only pay around 30% for scrap gold. If you have 10k gold jewelry, you can sell it for $16.35 per gram, and 14k gold jewelry can be sold for 423.50 per gram. Then you can calculate the market value of your item based on this equation: Trading price of gold/31.3 x percentage of gold x weight. Also, pawnshop prices are designed to allow the pawnbroker to make a profit off an item. Karat of your jewelry. To learn how much pawn shops pay for gold jewelry, we recommend reading our post on How Much Pawn Shops Pay for a Gold Bracelet. Scrap prices refers to what these large companies get paid when they send in this gold to be melted, which is what most of them do with your gold. ): Now that you know how to find out how much pawn shops pay for jewelry, you might also be interested in the following resources. One pennyweight is 1.55 grams, so it’s an easy conversion calculation if you have to compare offers from multiple pawnbrokers. We buy and sell Jewelry, Electronics, Guns, Gold, TV’s Tools and more. Unlike instruments, tools, and electronics, gold is a commodity. One of the most common types of jewelry to sell at a pawnshop is gold — gold is always worth something. It can be sad to let go of your old valuables, but sometimes paying bills is the priority. You will need to know the weight of the gold portion of your bracelet, in grams (to the tenth of a gram). Since you don't buy and sell gold for a living (or even a hobby), what do these changes mean for you, the casual gold jewelry owner? February 13, 2020 - Jewelry & Luxury Items. Instant Pawn Shop Value Estimator. Sure, some pawn shops pay more and some are also reliable, but the majority of pawn shop operations tend to pay too little money for your gold. If you have 10k gold jewelry, you can sell it for $16.35 per gram, and 14k gold jewelry can be sold for 423.50 per gram. Do enough research that you feel confident walking into the shop, not wondering if they're going to pull one over on you. 10karat gold has 41.7% gold content, 14 karat has 58.5% gold content, 18 karat has 75% gold content, and 24 karat is pure gold. At CashCo Pawn Shop in San Diego, for example, jewelry is always 50% off retail price and even more. They have to take your gold and sell it to a refiner to make their money on your gold. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. Ask your friends and family. You’re certainly not the only one! The price of gold fluctuates constantly, so check current prices for the most up-to-date estimate. Just like any other type of item, pawning your jewelry will give you the highest return when you make it look as new as possible. The purer the gold, the higher the value. Gold maintains its value therefore brings higher loan amounts. Average pawn shop offers: 40% to 60% of gold’s real value reDollar.com offers: 90% to 95% of gold’s real value. At PawnGuru, we help you determine how much pawn shops pay for your jewelry by giving you a free online space to list your jewelry for sale. Pawnshop customers who expect to receive the same value for their gold jewelry that they originally paid won’t be satisfied. Here is the step-by-step process (it’s easy! 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