3171 Mercer University Drive Macon, GA 31204
In a word, yes. Macon pawnshops typically have a wide selection of unique jewelry for sale for the lowest prices in town. You can expect to get a lot more for your money than you would at any big box, mall, or department store. On top of that, you can often get the most value with trade up deals. These are deals between you and the pawnbroker where you trade in what you have for something at the shop.
Most Macon pawnshops will buy jewelry from customers outright. The amount paid varies from shop to shop. Several factors play into the amount a pawn shop pays out for a particular piece of jewelry. Style, quality, intrinsic value, and current demand are considerations. You can estimate the value of your gold jewelry before you talk to a pawn shop. Having an idea of the current market value of what you have will help you get the best deal.
Here is the good news; real gold jewelry always has value. You will need the following information to estimate what gold jewelry is worth:
Gold prices fluctuate throughout the day and from day to day, so it is best to check the price of gold when you want to sell yours. Usually, the trading price of gold is in US Dollars per troy ounce of gold. Please note that 1 troy ounce = 1.09714286 ounces = 31.1034768 grams.
The value of your gold jewelry is dependant on its weight. Weigh your gold and take note of how many grams you have. Convert grams to pennyweight (1 pennyweight = 1.55 grams) or troy ounces (1 troy ounce = 31.1034768 grams) if necessary.
The purity of your gold factors when estimating its value along with the number of grams. When determinating purity, we turn to the stamp or hallmark. These are the tiny letters and numbers found in hard to see places on jewelry. Here are the common stamps to look for on gold and their corresponding purity. 10K or 10KT = 10 Karat Gold = 41.7% Gold; 14K or 14KT = 14 Karat Gold = 58.5% Gold; 18K or 18KT = 18 Karat Gold = 75.0% Gold
If gold is trading for $1,850.00 USD/troy ounce, for a five-gram 14-karat gold chain, the melt value has a market price of $174.00 as follows: Gold Price USD/troy ounce x 1 troy ounce/31.1034768 grams x % Gold x Weight grams = Market Value or $1,850.00/31.1 x .585 x 5 = $174.00. Now, you know the market price of your gold jewelry’s melt value, but remember that a pawn shop offer will be less than that. Of course, what a pawn shop pays for gold jewelry must allow them to profit on resale.
Macon pawnshops sell jewelry they buy from customers and collateral jewelry on unclaimed loans. That is why jewelry represents a high percentage of the inventory you see at most pawn shops. A pawn shop will typically buy jewelry they know they will be able to sell quickly. You can sell a valuable piece of jewelry for quick cash payment or pawn it for a collateral loan. Either way, at the right pawn shop, you will get a fair deal.
You can be sure that Macon pawnshops evaluate and inspect jewelry completely. Testing is standard practice to determine the precious metal content and the true value of jewelry they buy, sell, trade, or accept as collateral for a pawn. Look for the best gold watch prices at Howard’s Pawn & Jewelry.
Here are a few tips that will help you when you take jewelry into Macon pawnshops. Know what the jewelry is worth. Refer to the method we detail above for estimating value and find the value before you go to a shop. Make your jewelry look as good as possible. Bring the original box, papers, receipt, warranty, appraisals, and anything else you have concerning the jewelry with you. You can negotiate if you do it politely and always treat everyone at Macon pawnshops with respect.
When you are looking for the best of the Macon pawnshops — look no further than 3171 Mercer University Drive in Macon, Georgia. Here you will find Howards Pawn & Jewelry. Buy jewelry for sale. Pawn or sell jewelry for cash on the spot or make a trade. Come by today! Call 478743?5727 for more info anytime.