If you have scrap gold and are considering your best options to sell it, you likely have questions. First, know that GNJ Pawn Big is the best option to sell your scrap gold. You can keep reading to get more facts but we believe that our fair prices, quick sales, and excellent customer service make us the best choice for all your scrap gold selling needs.
Why is Gold so Valuable?
One of the things to know is that there is a very simple reason that gold is so valuable: If you took 100% of the gold that has been mined across the world, it would fit in three Olympic-sized pools. This is truly a rare commodity and is very likely to hold its value. This makes it a great choice as an investment and a great choice if you need to sell something to liquidate some assets quickly.
Know the Market Price of Gold
Like a stock, gold is an asset that is publicly traded and has a market value that changes regularly. You can simply do a search for the value of gold to determine what the base is. Note that everything can affect the price of gold, from who the president is to currency fluctuation.
While your local pawn shop is going to use the market price as a starting point, understand that they will not give you the market price. Why? Because they need to make a profit when they sell it. The value of working with a pawnbroker is that you can get instant cash. You do not have to try to find a buyer, prove the value, etc. You can simply walk in, sell it for a good value, and be done.
Know the Importance of Karats
The karat of your gold tells you how pure it is. If it is 100% pure than it is 24 karat. If it is this pure then it would be so soft that you could bite into it. If the gold you are selling is from jewelry then it will be mixed with other metals. In most cases, if the gold was used to make jewelry or bouillon, the karat will be marked right on it. You could also buy a gold test kit to test purity.
Of course, the easiest way is to work with GNJ Pawn Big. We are well versed in testing gold to find accurate purity. We work to provide the best possible service with fair offers for scrap gold, jewelry, and much more. Stop by to get a quote or give us a call at (661) 224-1999 if you have questions about the process.