You probably do not need to be told that gold is a precious metal and that it can be worth quite a bit of money. If you have some scrap gold or larger pieces of gold around, you might be considering selling them at a pawn shop. Before you do that, make sure you know the facts about gold and selling gold at a pawn shop. If you have questions that are not covered below, contact GNJ Pawn Big at (661) 224-1999.
You Should Understand Karats
The quality of gold is measured in karats. 24 is the highest quality but is rarely sold because it is not used for making jewelry. It is so pure that it is too soft to hold its shape. 10K, 14K, and 18K are the most common qualities of gold that are sold at pawn shops. Most jewelry pieces will have a stamp that tells you its karat. If it is a lower karat, then it likely has other metals mixed in with it.
Sort Your Gold Before You Bring It In
If you are going to bring in several pieces of gold, sort them by karat. Ask the pawn shop to quote and weight them separately. If they are weighed together, they are likely to be quoted on the lowest karat. As a result, if you have 10K mixed in with 18K, you could end up getting less than you are owed for your gold.
Have an Idea of the Weight of Your Gold
If you decide to sell your gold with GNJ Pawn Big, you can trust that we will offer a fair and honest assessment. If you are going to another pawn shop, it is possible that they will not give you an accurate measurement. This is why we suggest that you weigh your gold. Remember that gold is measured in Troy, which equals 31.1 grams. You can weigh it in ounces and then use an online convertor to find the Troy weight.
If it Feels Wrong it Probably Is
We are proud to be a top pawn shop that adheres to strict ethical guidelines. Unfortunately, that is not the case with every person or company that offers to buy your gold. If they want to meet in a strange place, such as a hotel room, then you should avoid them. When you find someone who seems safe, ask to check their credentials. They should have a state license to sell gold. They should ask you for a government ID to ensure they are not buying stolen goods. If any of this is off then you should go elsewhere.
If you are ready to get a fair and honest estimate for your gold, contact GNJ Pawn Big at (661) 224-1999. We are open and ready to help you get the money you need as quickly as today.