Pawning Gold is one of the fastest and most convenient ways to get cash. Gold jewelry is one of the best things to use, and is one of the most common items bought and sold at pawn shops. Here are some of the many benefits of pawning your gold jewelry.
When pawning anything, you’ll seldom receive the full value of the item. You’ll get about 50% to 75% of the item’s value. This is because the pawn shop owner has to assess the likelihood of being stuck with the item and having to sell it himself. Items that are more likely to sell quickly will receive a higher price, which is why any pawn shop owner is happy to take your old gold jewelry. Add to that the value of the gold itself, and you’ll be able to make a nice sum of money.
Always in Demand
Gold never goes out of fashion, so there’s always a healthy market for gold watches and jewelry. Since so many people come to pawn shops looking for good deals on gold jewelry, pawn shop owners know they can sell the pieces and are always looking for gold to buy.
Pawn shops are designed to be as convenient as possible: you’re sure to find a pawn shop for 24-hour sales if you can’t go during regular business hours. They’re also convenient in other ways.
Unlike taking out a loan from a bank, you don’t have to deal with a credit check or a long waiting period--you can walk in with your jewelry and go home with your cash the same day. At the end of the loan period, you can choose to keep the money, pay back the loan and get your jewelry back, or extend your loan for an additional month (or more) if necessary. It’s up to you and your needs.