- Posted by GBM Blog
- On August 3, 2015
- 0 Comments
There comes a time in many of our lives when we are running short of money, and we could use some quick and easy cash. If we search our homes thoroughly, we can often find things that we can easily convert into money, such as old jewellery. We often have broken jewellery that we do not throw away, as it is comprises of precious metals such as gold.
- Gold Earrings
- Gold Rings
- Gold Teeth
- Gold Watch
- Gold Necklace
- Gold Bracelets
Even if these items of jewellery are broken, they still have value and can bring you some quick and easy money as well as help reduce your financial worries. Often our jewellery is not made from pure gold and is usually anywhere between 9 carat and 22 carat purity. Whatever level of purity your gold is, you can sell it for its worth in the scrap gold market, relatively easily.
Pawn Shops, the Best Way to Sell Scrap Gold
In just about every town and city across the country, you should be able to find a Pawn Shop fairly easy. These types of shops are a common place for people to get easy loans when they offer collateral, as well as somewhere that they can sell their items of value. Pawn Shops often deal with jewellery, and just as with a scrap metal merchant, they offer the latest prices for scrap metals according to the market. It does not matter what state the item is in, the only things that matter are the amount of precious metal, and the purity.
As they deal with these types of situations on a daily basis, they will be able to tell you exactly how much precious metal there is. They will also be able to let you know how much the metal is worth as scrap, as per the current market price for scrap metals. It is important to note that there will also be a commission fee for the pawn shop, which they will deduct from the total amount given for the scrap gold and other precious metals.
Finding a Reputable Pawn Shop
Although Gold Merchants and Pawn Shops are relatively easy to find, if you have some precious metals to sell, you will want to make sure that you find a reputable shop to sell your gold to. Finding a well-reputed shop will help to ensure that you get a fair deal, and as much money as possible for your scrap gold and other precious metals. A good place to start is the internet. You should be able to make a list of shops that are close enough to you that you can check out. See if the shops have a website, and if they do look for a testimonial section to see what people say about them.
You can also look online at forums and chats sites to see if you can find any information about the shop from people with firsthand experience with dealing with them. Always make sure that the shop is licensed and check to see if they have any industry accreditation. You will want to narrow it down to two or three different shops. You can then take your scrap in and have them value you it to see what they will give you in return, and compare the price of all three. Then all you need to do is choose a shop and collect your cash!