Know the Best Precious Metals to Get You the Best Price at a Pawn Shop

Know the Best Precious Metals to Get You the Best Price at a Pawn ShopIf you are looking to make money selling precious metals to a local pawn shop, it is important to know which types of precious metals are likely to get you the best price. Keep on reading to learn not only what makes a metal “precious” but which metals generally bring the largest price tag. Then contact GNJ Pawn Big at (661) 224-1999 if you have questions about working with a pawn shop.

How a Metal Qualifies as “Precious”

There are a few factors that go into classifying a metal as “precious.” First, how rare is the metal in question? If there is no much of it in the world then that will significantly increase its value. Second, how beautiful to people believe it to be? This is not just your preference – how shiny, reflective, and durable is it? All of these factors can affect whether or not it is determined to be a precious metal.

Rhodium is One of the Most Available Precious Metals

Many people have never heard of rhodium, but at the time of writing this blog it was valued at nearly $70 per gram. It is one of the most valuable of metals due to its shininess, durability, and luster. It also stands up to extreme temperatures much better than platinum, which means it can be used in a variety of designs.

Gold is the Most Popular of All Precious Metals

For thousands of years, gold has been the most popular of all precious metals. Though it was discovered at least two thousand years ago, it has been popular consistently since then. As of the writing of this blog, it is worth $54 per gram. However, the price of gold does fluctuate frequently. Call GNJ Pawn Big at (661) 224-1999 to get an updated price if you are planning to sell gold.

Platinum is Durable, Pliable, and In Demand

Platinum is not as valuable as gold (it is $25 a gram as of the writing of this blog) but it is popular for good reason. Unlike other precious metals that are difficult to work with, it is very pliable. Unlike metals that are pliable but therefore not durable, it is very durable. It’s also shiny and beautiful.

Silver is Common but Beautiful

We do buy silver and it is considered a precious metal. That said, it is important to know that it comes in at a much lower price than any o the other precious metals. This is why it is less often an investment choice compared to other metals.

Are you ready to find out what you might be able to get if you sell your silver, platinum, gold, or other precious metal? Then contact GNJ Pawn Big at (661) 224-1999 to find out more.