Do you have any 14 ct gold pieces of jewelry that you no longer need? Are you wanting to pawn or sell one of your gold bracelets? Why not take a look through your jewelry box, you never know, you could be sitting on a gold mine.
For those of you who are interested in selling your jewelry, we're going to help you establish how much a 14ct gold bracelet is worth and how to get the most out of your gold jewelry when selling to a pawn shop. While most people buy jewelry for personal enjoyment, others buy it as an investment for future use. They aim to purchase high-quality pieces at low prices to sell them later on at high prices to earn a good profit.
Often pieces of jewelry made from gold appreciated with time, resulting in many people investing in them. Selling a 14ct gold bracelet at a pawn shop is a great way to get the most value for your item.
Is it real?
First things first, before you get too excited about those pieces of jewelry lying around, be sure to make sure they are made from real gold. Most of the time authentic 14ct gold jewelry will be marked with a 14K stamp.
The only time you can ask how much she weighs
Despite how beautiful your 14 ct gold bracelet looks on your arm, what sells it is its weight. If you are selling gold at a pawn shop, there is a high possibility that it will get melted down. At first, it might sit in the shop for a few months to be sold at retail prices, but if it doesn't move it will get melted.
How much do pawn shops pay for gold?
Once you know which pieces of gold jewelry you want to sell, conduct a bit of research on
jewelry sales specifically at pawn shops. Gold is an expensive commodity but extremely
valuable. Even at its worst gold does not lose its value as it can be melted down.
The price that pawnshops pay for gold depends on a variety of factors such as weight, karat, and market demand. The amount of purity of gold in your bracelet refers to the karat. This is one of the most important factors that will influence the price.
Your bracelet must carry the 14K Hallmark (stamp) on the inside or the clasp of the bracelet. This will guarantee that the bracelet is what you say it is.
As with most valuable items, there is a formula that can give you an approximate value that a pawn shop will pay for your gold. If you know the weight of the gold bracelet, you will then multiply this by the number that indicates its purity to get the number of grams in gold. You will then multiply this value by the current price of gold to get the amount a pawn shop is likely to offer you for your gold bracelet.
For example: If your bracelet weighs 15.4 grams and it shows on the clasp that it is 14K gold (which works out to 58.5% gold), you will then get a value of 9.009 grams. You can then find out what the current price for gold is and multiply this by the 9 grams to get an approximate value. When negotiating with pawnshops remember that just like you they are in this business to make money.
As a result, they will pay you slightly less than what they will re-sell the item for. So,
make sure that you do some research on the piece of gold jewelry you are wanting to pawn to ensure you get the best possible price.