Are you looking for a way to make money-selling scrap gold lying in a jewellery box? Are you concerned about the condition of the jewellery? Some of your pieces might be broken, and you’re worried that by selling to a pawnbroker, you’ll not fare well with them.
You need not fear as the answer might come as a surprise. Why? As it, all comes down to how the gold values are measured. We are sure you have heard the term karat tossed around as the higher the karat, the more your gold is worth.
So, the karat refers to the purity of your gold pieces, whether in good condition or not. Thus, if you have a 14k gold bracelet, it is made up of 58.3% pure gold with other metals to make it durable. Hence, the first step is understanding your jewellery piece’s purity.
The reason is that those hallmark numbers determine the gold purity level, and the higher the number, the more money you can get. Still, if you cannot find the hallmark on the piece, you have other options to determine the gold value.
You can find a local Brisbane pawnbroker near me and pay them a visit at their shop to have the scrap gold accessed to present you with a buyback price for your gold. So, the short answer is you do not need to worry about your broken gold pieces.
The reason is that gold has an appreciative value, and you can sell it at a higher price than what you paid. So, no matter in what state your gold pieces are, it does not affect the value as the market value remains the same.
The fact is that many dealers will buy your scrap gold at top market rates. In addition, the pawnshop will value your gold jewellery on the total content of the gold found in each piece, regardless of its condition.
Therefore, instead of keeping those broken necklaces, bracelets, and rings, you can sell them to pawnbrokers. Thus, whether you have gold jewellery or coins, the purer the item, the better price you can receive.
The only time you need to note when to sell is to keep an eye on the gold spot price. The fantastic thing is that the gold price is now at an all-time high, making it a worthy option to sell your gold. For this reason, take your broken gold to be appraised and receive cash depending on the grams found on it.
The dealer will determine the number of karats present; the purer your gold, the higher the rate. So, separate your scrap gold based on the karats found on the hallmark instead of selling them altogether.
The pawnshop will then weigh the different karats to give you an offer based on the gold spot price, karats, and weight. The truth is there is no better place to sell your scrap and unwanted gold jewellery than visiting a pawnbroker near you in Brisbane.
You will receive a fair yet accurate price for your gold. Your gold is broken, but it remains gold.