Mineral Review

How do pawn shops value gold with stones?

There are different situations in life due to which a person may turn to a pawnshop. For example, you urgently need a small amount before payday, or you found gold jewelry at home that has long gone out of fashion. Throwing away gold is stupid, and selling through auctions or bulletin boards takes too long. This is where the pawnshop comes to the rescue.

Selling gold to a pawnshop: pros and cons

Despite the prejudices of many people regarding pawning gold jewelry, going to a pawnshop has significant advantages, including:

  • The ability to receive money in just 15-30 minutes if you have, in fact, jewelry, as well as a passport or driver’s license;
  • There are no applications to fill out;
  • The agreement with the pawnshop can be terminated early, without paying additional interest;

But pawnshops also have their disadvantages:

  • If the jewelry is in poor condition or broken, it will be accepted very cheaply (at the price of scrap);
  • The conditions for the delivery of gold are such that when pledged, the interest will be significantly higher than on a bank loan;
  • The amount received from the pledge will be at your disposal for a short period of time – usually no more than a month.

How to hand over gold to a pawnshop without returning it?

Suppose you found your great-grandfather’s old gold watch – it has not been running for a long time, and it is not possible to repair it. It would be almost impossible to sell such a thing on your own. But if you sell gold to a pawnshop without return, you can get a good amount of money.

Rules for handing over gold to a pawnshop without redemption

It’s no secret that pawnshops accept gold at a price lower than in jewelry stores. There is no deception here – stores and workshops include in the cost of jewelry not only materials, but also the work of the jeweler who created the product specifically for the store. It makes no sense for a pawnshop to overpay for the efforts of the master.

The pawnshop also accepts gold with stones. The weight of the gemstones and the overall condition of the jewelry are not taken into account when assessing. The presence of a sample is also not important – if necessary, a pawnshop employee will check the sample in front of you. However, keep in mind: if your item is broken or in completely unusable condition, it will only be valued as scrap.

After purchasing a piece of jewelry, the pawnshop has the right to put it up for sale at a higher price. Don’t be surprised if you suddenly see your ring with a big price tag on display.

How to sell gold to a pawnshop without returning it

You must be at least 18 years old to sell jewelry. Take your passport or license with you.

Tell the pawnshop employee in advance that you have come specifically to sell and not to pawn the jewelry – then the estimated value will be higher.

Finally, the main principle of a pawnshop for buying gold is that after signing the documents and transferring the money, the jewelry no longer belongs to you. The pawnshop has the right to dispose of it at its own discretion.

How to pawn gold in a pawnshop with return

The main rule for pledging jewelry is similar to the rule for selling it – you must be at least 18 years old and have a passport or license with you.

An expert appraiser will be with you to determine the gold standard and the total cost of the jewelry and tell you its price. After determining the price, the interest that the pawnshop will charge you on the loan will be agreed upon (up to 0,8% per day). The percentage depends on the amount you receive in hand and the terms of the loan.

When applying for a loan, the pawnshop will give you a security ticket with all the details of the transaction and the deadlines for repaying the loan. When redeeming the item, you will need to present this ticket to the pawnshop employee along with your passport. The jewelry can be redeemed ahead of schedule, or you can extend the loan period by paying interest for the past period.

Before you take your gold to a pawnshop, make sure that you can definitely take the item back. You have 30 days to return the jewelry. But be careful – many pawnshops charge increased interest on the loan for this period. If you do not pick up your jewelry at the end of the period, the pawnshop has the right to sell the jewelry to recoup the loan amount.

To hand over gold to a pawnshop, you must first choose a worthy and honest company. It is best to choose pawnshops that have been operating for longer than three years and belong to a large network. Pay attention to the Sunlight pawnshop – one of the largest network pawnshops in Russia with fair prices, professional appraisers and thousands of loyal customers.

The amount of gold in pawnshops today cannot be translated into statistics – jewelry is constantly appraised, sold, pawned and exchanged for others (with or without additional payment). Gold has always had and will have its own aesthetic value and monetary value: we tell you in detail how the amount of payments is calculated in our pawnshops.

What is the price of gold jewelry?

If you have at least once handed over gold jewelry to any of the existing pawn shops, you probably know what the difference can be between the valuations of two different companies. Unstable pricing is most often associated with the internal policies of a particular pawnshop. Somewhere gold is accepted exclusively as scrap, without taking into account other parameters, and this is not always suitable if, for example, you want to sell gold jewelry with diamonds and other precious stones, as well as a branded or antique piece of art of special value.

In this case, it is worth contacting a company that evaluates the cost of the product comprehensively, and not just like scrap gold, calculating the price by weight per gram.

This approach is used in every pawnshop of the “Pledge of Success” network and the amount offered to our clients for their jewelry almost always satisfies their needs, in contrast to the rates previously announced in other companies.

How appraisers work in our pawnshops

Yes, the cost of the accepted jewelry depends on the total weight and fineness of gold. The higher the sample, the more expensive its price per gram. Don’t worry if the hallmark on your jewelry has worn off or become unreadable: our experts will determine the hallmark using chemical reagents. In this comparative table, we showed the difference between the price of receiving gold jewelry with different hallmarks (valid in all branches of the Pledge of Success pawnshop network).

The 56th standard is what was called “royal gold”; the marking was placed on jewelry produced before 1927.

Pay attention! Even if your products do not contain precious stones, but they are made to order according to a unique design, have jewelry value (the work of a master, brand recognition, etc.), the appraisers in our pawnshops must take these factors into account. This leads to an increase in the cost of your product.

The final amount is influenced by the presence and quality of precious stones – in addition to the cost of gold, adjusted for fineness and artistic value, in each of our pawn shops the price for diamonds and other inserts is added.

But the appearance of the jewelry can reduce the overall amount of the cash payment: if there are clearly visible signs of damage or active wear on the gold item (chips, scratches, dents, bends, etc.), in any pawnshop, without exception, a reduction factor will be applied. And on the contrary, if the jewelry is in excellent condition and does not need restoration or repair, pawnshop experts will undoubtedly determine and offer the best price in the segment. We are sure you will be pleasantly surprised.

This system applies to all jewelry without exception. The only exception may be the client’s desire to hand over really scrap precious metal to the pawnshop: this happens when a lot of old standard jewelry has accumulated in a home box. Broken bracelets that are out of fashion, torn chains, mismatched earrings and other valuables that have lost their meaning. The amount of money that can be received for scrap gold will be calculated precisely according to the table of correspondence of samples of the precious metal.

How much does it cost to appraise jewelry at pawn shops “Pledge of Success”

Not at all, such a service is provided free of charge throughout the entire network of pawnshops of our brand. Each client has the right to refuse and take back his jewelry if the announced amount does not suit him.

In our pawnshops, a written examination is also provided free of charge – products costing over 30 rubles are examined by our specialists using professional equipment. Based on the results of the study, an expert opinion is issued. Its importance is recognized by other companies, as well as the jewelry market as a whole.

From our own experience, our offers are truly competitive: if there is a desire to sell jewelry, our clients prefer not to take risks and not waste time on selling unnecessary jewelry on their own.

For your convenience, it is possible to pre-agreed the date and time of your visit to conduct an assessment; you can choose any of the branches of the “Pledge of Success” network that is convenient for you.

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