Silver, Gold and other precious metals are valuable!
Do you sell it, hold onto it or find out what it’s truly worth?
Gold, Silver, Diamond and Platinum Jewelry, as a personal adornment, has been collected, traded, bought and sold throughout the ages. It has been used in pawning methods for thousands of years around the world. In our present day, you can benefit greatly if you decide to sell, as precious metals are at an all-time high. It’s also of great worth when used as collateral towards a loan. While you are in the process of deciding, one thing we suggest is doing some homework on your jewelry. By knowing something about the history, designer and style period, you may have a piece that is worth far more than the melted value. This type of jewelry is floating around more than people think. Many of our highest transactions have come from folks who didn’t realize what they had. With a well trained and trusted company, you may go in thinking you were going to get $100 and walk out with a $1000. This has happened many times in our centers. Some businesses have prospered greatly from these types of transactions, but those who have a “get rich quick mindset” never prosper. They simply get a quick dishonest buck. Pawnbrokers in our pawn shops are well trained and believe that to build a successful business you must be forthcoming and honest with your customers.
Interesting Jewelry Facts:
While Silver isn’t as valuable as Gold, it has actually grown in value faster. So don’t over look your silver jewelry, coins, flatware, or even silverware as they may be valuable. Check for a (.925) stamp, (sterling) stamp, or (ster) stamp. Items such as flatware and silverware may only be partially silver but can still fetch a great price. Coins can also be very high in value.
Well trained jewelry evaluators will not solely rely on mechanical testing devises to estimate your valuables worth. They will use more of a hands-on method to get an accurate value. One reason being is that many pieces of gold jewelry have been misrepresented with a more valuable stamp. A gold ring may have 18kt stamped on the inside of the band, when in fact is 10kt. This is why qualified jewelry buyers test with a more hands-on method.
Helpful tips when selling:
- Make sure your jewelry is tested in open view.
- Don’t be afraid to ask questions about your merchandise and the testing methods used.
- A reputable company is best as they have more extensive training.
- Shop around, and educate yourself.
Helpful tips when researching:
- Much of the Edwardian and Victorian gold jewelry stays well ahead of what current market value pays.
- Prices on gold and silver from the Arts and Crafts period as well as Native American Jewelry continue to climb in value.
- Craftsmanship and style can add great value to a piece.
If you have many pieces you’re looking to get a loan on or sell, try separating them into categories. Here are the different amounts of gold in jewelry pieces.
- 24 kt Gold Jewelry > 99.99% gold
- 22 kt Gold Jewelry > is 91.7% gold
- 18 kt Gold Jewelry > is 75% gold
- 14 kt Gold Jewelry > is 58.3% gold
- 12 kt Gold Jewelry > is 50% gold
- 10 kt Gold Jewelry > is 41.7% gold
- Gold value graphs shown throughout the Gold industry show how much gold is worth on the market at 100%.