Gold is gold, it retains its value based on the current daily rates for gold, and it does not matter when the item was made. If you’re just looking to get some extra cash for old jewelry you’ve had hanging around the house or because you are in a pinch, Parker Pawn & Jewelry has you covered.
KNOWING YOUR WEIGHT IN GOLD
The current value of gold is always publicly available, so it is important to educate yourself on how much you can expect to receive for your gold. Knowing the weight of your gold and the current value, you can estimate how much your gold or jewelry is worth.
It is important to remember that the value of gold is to remember that it is based on its purity. In the simplest of terms think of 24K gold and look at it as a pizza that has been cut into 24 equal pieces. If you take two pieces away, you are left with 22K gold. If you take 6 pieces away, you are left with 18K gold.
If you have an 18K gold coin, it means there are only 18 pieces of pure gold, or it is 75 percent pure gold. If the current value of pure gold was $1,100 per ounce, then your 18K gold coin would only be worth 75 percent of $1,100 per ounce, which is $825 per ounce. If your gold coin contained two ounces of pure gold, then it would be valued at $1,650.
WHAT TYPE OF GOLD PIECES CAN YOU PAWN?
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WHY PARKER PAWN & JEWELRY
If you want to find out what your gold pieces are worth, then visit Parker Pawn and Jewelry. We offer the best pricing for gold in the area, and we guarantee that you won’t find a better price anywhere else, so our shops make the process easy and you can feel assured that you’re getting the best pricing and the most return on your gold jewelry.
Parker Pawn & Jewelry is your go-to pawn shop in the Fayetteville area for precious metals, jewelry, musical instruments, and a wide selection of electronics. Do you have jewelry you want to exchange for cash? At Parker Pawn & Jewelry, we offer a generous repayment term and a grace period, so people have the time they need. Parker Pawn & Jewelry will help you with all your needs! Visit us online at parkerpawn.com or visit one of our storefronts in Fayetteville and Spring Lake. Give us a call today at (910) 321-0500.