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An Expert Guide to Determine How Much Pawn Shops Pay for Your JewelryPosted On : Nov-21-2017 | seen (467) times | Article Word Count : 527 |
Pawning jewelry for money is an ideal solution if you are in need of a quick loan. When you have decided to pawn your valuables such as ring Cheap Marlon Humphrey Jersey , chain or necklaces, you should make sure that you are getting the best value. Pawning jewelry for money is an ideal solution if you are in need of a quick loan. When you have decided to pawn your valuables such as ring, chain or necklaces Cheap Justin Tucker Jersey , you should make sure that you are getting the best value. Here we have listed a few details on how pawn shops in Kansas City price for your jewelry.
Gold Jewelry
The amount of cash paid by pawn shop for your gold jewelry depends on the following factors.
- Karat
- Weight
- The Open Market
- The Pawnbroker鈥檚 Discretion
Karat
Knowing the karat value is crucial to determine purity of the gold in your jewelry. The higher the karat value, the purer your gold is.
Gold Karat Guide:
- 10k or 417 = 10 karat = 41.7% gold
- 14k or 585 = 14 karat = 58.5% gold
- 18k or 750 = 18 karat = 75% gold
Weight
Use a weighing scale that weighs to a tenth of a gram to determine the weight of your gold jewelry. If you any stones embedded to the jewelry, make an estimate of how much those weigh and subtract it from the absolute weight of the jewelry.
Market Value
After determining the karat value and weight of your gold jewelry Cheap Terrell Suggs Jersey , analyze the current market value to figure out how much a pawn broker would pay for your jewelry.
Silver Jewelry
Like many jewelry stores in Kansas City, pawn brokers also price silver based on the open market conditions such as,
- Current events
- Currency fluctuations
- Market speculation
- Supply & demand
Since the price of the silver jewelry fluctuates every day Cheap Marshal Yanda Jersey , it is wise to check the price of silver and historical prices on the day you intend to sell it.
- Check the fineness of silver jewelry by checking the sides, insides or clasps of your jewelry.
- Read the silver hallmarks to determine the purity of the silver in your piece of jewelry.
Common Silver Hallmark Guide
- 800 or .800 = 80% silver
- 925 or .925 = 92.5% silver
- 958 or .958 = 95.8% silver
- 999 or .999 =99.9% silver
Platinum Jewelry
The price of platinum constantly fluctuates because it鈥檚 bought and sold in the open market 247365. The elements used to determine the value of platinum jewelry are,
- The Open Market
- Purity
- Weight
- Pawnbroker鈥檚 Discretion
Steps to Calculate the Value of Platinum Jewelry
- Know the platinum portion of your jewelry in grams.
- Determine the weight and market value of your platinum jewelry.
- Read the hallmark and get the percentage matching your bracelet.
A simple Formula:
Step 1:
(Weight) * (hallmark percentage) = Actual weight in grams
Step 2:
(Actual weight in grams) * (Current Price of Platinum in Grams) = Approximate price paid by a pawn shopLooking at the FireKing DM3420-3PL 3-Hour Fire with Impact-Rated Data Safe Technology Articles | April 19 Cheap C.J. Mosley Jersey , 2011
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