4 useful tips when pawning gold
Pawning business can sometimes be a wild jungle where heartless charlatans have their teeth sharpened and ready to devour your precious item. Therefore, doing your homework and knowing what you are getting yourself into is your best bet. Here is our survival guide that include 4 tips you should always revise before bringing your gold into a pawnshop.
1. Check the present value of gold
Gold is an investment, similar to a bond, which is exchanged on an open market among the public. Its value is varying continually. Fortunately for you, such data can be acquired and monitored from a few simple mouse clicks. The present cost of gold is at $41,28 per gram. All you need as of now is a scale and a calculator.
2. Purity
We all know 24 karats is gold in its purest form. The gold jewellery piece you own is most probably blended with other metals. Most bits of gold, regardless of whether it's a piece you wear or chowder have the karat properly indicated. For rings, the marking is usually within the band itself. In the event that you can't notice any karat markings, you can inspect the purity of your gold by purchasing a gold testing kit.
3. How much does it weigh?
Gold is normally measured in grams or pennyweights.
4. Scrapped against wholesale
Before you pawn your gold items, it's imperative to find out if the jewellery you're trading for cash is more valuable having its gold parts scrapped, liquefied or sold in its entirety.
25.01.2019