Gold is non-renewable element, so at the end of the day, all jewelry is “recycled” to a certain extent. You can take a 14k gold chain to most jewelry or pawn shops to get an appraisal on its worth. So how much do pawn shops pay for diamond rings? 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. Find out how much your jewelry is worth now or peruse the following resources we put together. And 14 karat gold will “scrap” at $23.50 per gram. One pennyweight is 1.55 grams, so it’s an easy conversion calculation if you have to compare offers from multiple pawnbrokers. 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. To learn how much pawn shops pay for gold jewelry, we recommend reading our post on How Much Pawn Shops Pay for a Gold Bracelet. Also, learn as much as you can about jewelry. Copyright © 2016 by Premier Pawn - All rights reserved. Looking to sell or pawn an item now?Get local cash offers – free, fast & easy.Pawn or Sell an Item. It is possible to get a fair, reasonable price offer when pawning jewelry, you just need to go to the right place. Pawn shops in your local area will see the ad, and they will send you quick cash offers online. He started PawnGuru to build a better tool for pawn shops and consumers to connect. There’s a reason why the word ‘gold’ is so immediately synonymous with all things great and good, which explains why you might consider pawning gold to be a good idea. At CashCo Pawn Shop in San Diego, for example, jewelry is always 50% off retail price and even more. How did you hear about us?---Search EngineMailerRadioTVFriendOther. Instant Pawn Shop Value Estimator. 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. Bring in your piece and we will give you a cash loan! David was educated at MIT, where he studied Math. Give special preference to pawn shops that specialize in jewelry. 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? Jewelry Pawn Shop Value Estimator. 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. According to the calculator, this is 95% accurate. It can be sad to let go of your old valuables, but sometimes paying bills is the priority. The price of gold fluctuates constantly, so check current prices for the most up-to-date estimate. And use the right kind of cleaning solution — one specifically made for gold. A mail-in gold place will give you far less. To find out today how much pawn shops will pay for your specific jewelry in your area, sign up for PawnGuru for free! 1. This means that it’s nearly impossible for you to ever get offered more than this amount for your gold. How Much is Gold Worth? You're better off sending your stuff to a refiner that works with small amounts. Pawn shops will offer the lowest return — sometimes less than half of the bullion content. 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. 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. 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: $1,200/31.3 x .575 x 5 = $110.22. Pawnshops either use grams or pennyweights for measuring units. 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. 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. The purer the gold, the higher the value. If your ring has diamond crystals, it will be worth more because the diamonds have to be factored in. 0 0. 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. 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. First, before you take your gold to a pawnbroker, make sure you clean it thoroughly. How Much Do Pawn Shops Pay for Gold in July 2020? The gold standard, the golden boy/girl, a golden age. Selling Gold & Silver to a Local Pawn Shop. 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. You will not recoup this cost. If you have a realistic view of the worth of your jewelry, it’s easier to tell if you’re getting a good deal. Watches are jewelry, too! We can help you get through your hard times and come up with the cash you need. One of the most common types of jewelry to sell at a pawnshop is gold — gold is always worth something. When stores sell jewelry, they are accounting for the costs of manufacturing and marketing the piece. Read our post on How Much Pawn Shops Pay for Platinum. Here is the step-by-step process (it’s easy! 14K Pawn & Gun Westland . Why Jewelry Owners Should Keep an Eye on Gold Prices. It’s traded 24/7 on the financial market, so prices fluctuate all the time. If a pawn shop offers you $720 for jewelry, what is it likely worth? 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. Get local cash offers for it – free, fast & easy. Call or visit our store today! For example, as of the day of writing this article pawn shops pay around $1250 for an ounce of pure gold. When you sell or pawn a piece of used jewelry such as a ring, watch or necklace, you want to make sure you’re getting the best price. How Much Do Pawn Shops Pay For Your Stuff? He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. I recommend using Metallix Direct Gold. Do you want to know how much you can pawn off your stuff for? For example, as of the day of writing this article pawn shops pay around $1250 for an ounce of pure gold. 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. After comparing the price of 14K gold per gram that the pawn shop offers with its value on the market, you will notice a big difference. Regardless of your reasons for wanting to pawn a diamond ring, its value will be measured similarly to the process by which the value of gold jewelry is calculated. Pawn shops mostly sell refurbished or pre-owned jewelry. You may wonder, though, how much cash your jewelry can bring in. Get local cash offers – free, fast & easy. 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. 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. honestly, pawn shops and gold buyers only pay around 30% for scrap gold. How much is 11.2 grams of 14k gold worth? How much is a 14k gold ring worth at a pawn shop? 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. You’re certainly not the only one! 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.