He started PawnGuru to build a better tool for pawn shops and consumers to connect. If you have 10k gold jewelry, you can sell it for $16.35 per gram, and 14k gold jewelry can be sold for 423.50 per gram. Ask your friends and family. The actual dollar amount will depend on the following factors: ... For example, if you have a 14K gold 1-carat diamond ring that weighs .200 grams, the estimate is $770. When stores sell jewelry, they are accounting for the costs of manufacturing and marketing the piece. Looking to sell or pawn an item now? This post tells you about the main 4 factors in appraising a diamond, and it also discusses the importance of the precious metal surrounding the diamond. Selling Gold & Silver to a Local Pawn Shop. Jewelry Pawn Shop Value Estimator. 14K Pawn & Gun Westland . ): Now that you know how to find out how much pawn shops pay for jewelry, you might also be interested in the following resources. The purer the gold, the higher the value. And use the right kind of cleaning solution — one specifically made for gold. The price of gold fluctuates constantly, so check current prices for the most up-to-date estimate. The amount pawn shops will pay for gold depends on several factors. Otherwise, how would they continue to do business? Pawn shops mostly sell refurbished or pre-owned jewelry. The price of gold, much like any other stock, changes day-to-day. Also, how much is a 14k gold necklace worth at a pawn shop? A place that accepts gold (say, a pawn shop), again, will give you less than $35 for the chain, since they need to make a profit on the transaction. One of the most common types of jewelry to sell at a pawnshop is gold — gold is always worth something. You can trust Premier Pawn for straightforward offers. Gold is non-renewable element, so at the end of the day, all jewelry is “recycled” to a certain extent. David Stiebel is one of the cofounders of PawnGuru. Then you can calculate the market value of your item based on this equation: Trading price of gold/31.3 x percentage of gold x weight. Afterward, multiply the resultant value (12.51) by the current price of gold to get the approximate value pawnshops is likely to offer you for your piece of jewelry. We even give you a formula that will help you determine roughly how much your personal jewelry is worth, whether it’s a gold ring, necklace, earrings, bracelet or watch. 14K Pawn & Gun Westland is a local small business serving the community for nearly 10 years. Why Jewelry Owners Should Keep an Eye on Gold Prices. If you are planning to pawn jewellery, but unsure what you may be offered as prices can vary greatly, using the estimator will give you a 95% accurate of the loan amount a typical pawn shop will offer you. Average pawn shop offers: 40% to 60% of gold’s real value reDollar.com offers: 90% to 95% of gold’s real value. A mail-in gold place will give you far less. How Much Do Pawn Shops Pay For Your Stuff? This is where PawnGuru comes in. Jewelry is one of the most popularly pawned type of possession, if not the most popularly pawned overall. It can be sad to let go of your old valuables, but sometimes paying bills is the priority. Platinum jewelry is easy to mistake with silver or white gold, so it’s important to read up on how to tell the difference before you bring it into a pawn shop. At CashCo Pawn Shop in San Diego, for example, jewelry is always 50% off retail price and even more. If gold is trading for $1,200/ounce, you have a 14-karat chain and it weighs three grams, your equation would look like this: Now remember, that’s the market price of your gold’s melt value, but pawnshops offer less in order to resell the item to make a profit. The weight of your gold will play into the total value. And 14 karat gold will “scrap” at $23.50 per gram. Find out how much your jewelry is worth now or peruse the following resources we put together. Pawn shops will typically pay 30 to 60% of what a diamond is worth. Since you don't buy and sell gold for a living (or even a hobby), what do these changes mean for you, the casual gold jewelry owner? Expect to get paid only between 40% and 60% of the real value. So whether you are bringing a silver watch, bracelet, ring, earrings or necklace into a pawn shop, you will be better educated on the value of your jewelry. How Much is Gold Worth? Use this pawn calculator every time you want to know how much do pawn shops pay for gold and jewelry, electronics, computers, phones, tools, sport gear and equipment, music instruments and other stuff before you bring it to pawn store. Instant Pawn Shop Value Estimator. Use this online pawn calculator to find out how much you can get for your jewelry, tools, phone and tablets, sports accessories, TV and audio equipment, computers, cameras, electronics, video games, music, household and other items. Whether you’re pawning or selling a diamond ring or a pair of diamond earrings, you will be well-equipped with the knowledge you need after you read our post on How Much Pawn Shops Give for Diamond Rings. This means that it’s nearly impossible for you to ever get offered more than this amount for your gold. How Much Do Pawn Shops Pay for Diamond Rings? Do enough research that you feel confident walking into the shop, not wondering if they're going to pull one over on you. People mostly go to the pawnshop to either get a quick loan, to sell their old jewelry or to get it altered in one way or another. It always has re-sale value, either as a lovely piece of jewelry or as scrap to be melted down and reused for other purposes. If you have 10k gold jewelry, you can sell it for $16.35 per gram, and 14k gold jewelry can be sold for 423.50 per gram. Pawn shops in your local area will see the ad, and they will send you quick cash offers online. Do you want to know how much you can pawn off your stuff for? You’re certainly not the only one! To find out today how much pawn shops will pay for your specific jewelry in your area, sign up for PawnGuru for free! Pawn Your Jewelry. If a pawn shop offers you $720 for jewelry, what is it likely worth? Pawn shops will offer the lowest return — sometimes less than half of the bullion content. How much would a 14k gold ring with 1k diamond on it cost at a locol pawn shop? Call or visit our store today! Now, with gold crossing $1,400 per troy ounce recently, this would put the value of the gold in your chain at 0.025 times $1,400, or $35. How much is 11.2 grams of 14k gold worth? Similar to our post on gold, our post How Much Pawn Shops Pay for Silver delves into the value of silver and helps you determine how much cash your silver jewelry might get you at a pawn shop. Now, with gold crossing ,400 per troy ounce recently, this would put the value of the gold in your chain at 0. source: About how much do pawn shops normally take an great condition iphone 4s?Online pawn shops often pay more than storefront ones, since they don't have the same overhead from running a shop. Even though one gram of 14K gold is $36 on the market, the pawn shop will provide you with only 13$ per gram for the ring with the same number of karats. We from reDollar.com investigated the price-philosophy of pawn shops and the bad news for you is that the average pawn shop don’t pay proper for your gold ring. 14K Gold is similar to 58.5% gold. We can help you get through your hard times and come up with the cash you need. If your ring has diamond crystals, it will be worth more because the diamonds have to be factored in. Google the pawn shops you're considering and read all the reviews you can find. How to Pawn or Sell Handbags for Quick Cash, How Much Pawn Shops Pay for a Gold Bracelet, How Much Pawn Shops Give for Diamond Rings, Create a free listing (upload a photo & detailed description of your jewelry, as well as your name, email address and phone number), Watch online offers roll in from your local pawn shops that take jewelry, Once you get your offers, if you see one you like, bring your jewelry into that pawn shop, Get the cash in exchange for your jewelry. Scrap prices refers to what these large companies get paid when they send in this gold to be melted, which is what most of them do with your gold. They have to take your gold and sell it to a refiner to make their money on your gold. You're better off sending your stuff to a refiner that works with small amounts. Just like any other type of item, pawning your jewelry will give you the highest return when you make it look as new as possible. Pure 24 karat gold is 24 out of 24 parts gold. Multiply 0.585*21.4 to get 12.51grams. Find out what the discount is. Pawnshops either use grams or pennyweights for measuring units. It is possible to get a fair, reasonable price offer when pawning jewelry, you just need to go to the right place. Now remember, that’s the market price of your gold’s melt value, but pawnshops offer less in order to resell the item to make a profit. How Much Do Pawn Shops Pay for Gold? It’s traded 24/7 on the financial market, so prices fluctuate all the time. 1. Whether you’re pawning or selling a Rolex or a Movado, our post on How Much Pawn Shops Pay for Watches will give you a list of the most popular watch brands with the average offers given for each. Give special preference to pawn shops that specialize in jewelry. Karat of your jewelry. Based on the weight of the gold in 14K metal, the value at a pawn shop will be about 50% of the days gold rate. David was educated at MIT, where he studied Math. 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