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A golden tip to remember when making deals with pawnshops is that they are a business looking to make profits, just like you are. He is a truly metal expert and he will share some information you are looking for. However, seek several opinions before concluding on its value since some jewelers may be trying to dupe you into getting your jewelry at a low price. Contact us for more information or visit your local branch. According to the card they gave me, they would have to pay me $19.80 per gram. The size of your transaction will also play a role in how you’ll want to sell. reDollar.com offers: 90% to 95% of gold’s real value. Pawn shops will offer the lowest return — sometimes less than half of the bullion content. The first reason pawn shops offer significant lower prices is that they have a higher risk than an online gold buyer like reDollar. All you need is a metal type, purity and weight, as well as stone size. To determine how much the gold chain is being sold per gram, divide $1,000 by 29.0 grams. ( With Newbie Mistakes), 5 Best Ring Shape for Chubby Fingers(No.2 is Good). reDollar.com uses high-tech equipment like an ultrasonic machine and a XRF tester worth tens of thousands of dollars. We reviewed this above. We recommend that you only agree to selling your gold if the purchasing company confirms how much you are going to receive for your items and you are happy with the price. Be sure to check out more options before taking a final offer. Therefore, how much do pawn shops pay for gold per gram? Gold investors, pawn shops, gold shops, coin shops, gold hobbyist and miners, cash for gold shops, and more. The company will give you a quote based off the current Live Prices on the “LA Cash for Gold” website. If you can wait up to 48 hours, reDollar.com is the better way to trade your gold because you will get paid much more. However, keep in mind that the total weight of the ornaments is not equal to the weight of the precious stone in the ornament. 10k gold has a melt-down value of about $23 per gram. That's for wholesale bank-to-bank transactions. Another reason pawn shops pay less is that a pawn shop’s customer base is limited to its neighborhood or the city where it operates, while reDollar.com is able to reach people from New York to Alaska, making it possible to handle thousands of gold transactions. A pawn shop will pay you at most 40% of that or about $10/gram (forget what you see on TV). Although gold is a precious metal, very valuable and always in high demand, pawn shops usually won’t offer you a great deal on it. A jewelry scale is an effective way of finding out the weight and value of your gold jewelry. Use this pawn calculator every time you want to know how much do pawn shops pay for gold and jewelry, electronics, computers, phones, tools, sport gear and equipment, music instruments and other stuff before you bring it to pawn store. You would probably be better off with a coin dealer (most also do metals). Try our Gold Calculator to see how much you could get for your gold. Professional jewelers have years of experience and expertise and can easily take a glance at your piece of jewelry and approximate its value. Modern-day gold jewelry is rarely made with 100% gold. Gold is an expensive and area commodity; thus, its ability to give you a couple of dollars in case of an emergency. One of the factors that influence the price of your jewelry is karat. I got a great offer from the national chain pawn shop, got the offer in writing, and decided to go back to the “We Buy Gold” place to show them the offer. 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. Many people first think about pawn shops when they have made plans to sell gold. We are thorough in our price determinations and do not rush the process or cheat our customers. The answer is: $34.48 per gram of gold. As we reviewed earlier, look at your jewelry carefully to find the hallmarks that we … 2007-12-18 04:56:24. The average pawn shop uses either an acid test to test your gold’s authenticity or a so-called “electronic gold tester”. It’s a common practice to rip people off by paying only a fraction of what their gold is worth. Yes and no. 3. Hallmarks, like 18K, 14K, 417, and 585, should be inside or on the clasp of your jewelry.