Tier: T-2

Gold Ring

Pawn Gold Rings or Sell Them in Las Vegas, NV

A gold ring is one of the world’s most marketed jewelry pieces. Unfortunately, when experiencing financial difficulties, many people usually look for ways to sell or pawn their gold rings. In this article, you will learn more about pawning your gold ring, why selling your gold ring is better, and gold ring values.

Pawn Gold Rings

When they need quick cash, a lot of people would typically run to a pawn shop. Pawn shops offer short-term loans in exchange for collateral, a gold ring, for example. First, a deal will be made between the owner of the gold ring and the broker. And once a deal is final, the owner will take the agreed cash “loan” and sign an agreement that they will pay back the cash with interest in exchange for the gold ring—if they want it back.

Pawning is good, but selling is better. So if you plan on pawning your gold ring, it is better to just sell it. If you’re wondering why selling is better, well, selling will get you more money because gold ring buyers will also consider the value of the gemstone in your ring and the gold value. So if you sell your gold ring to gold ring buyers like Nevada Coin Mart, you are getting the best deal. 

Gold Ring Pawn or Sell Value

When you bring your ring to a pawn shop, you will not get the 100% of the value you expect. Please note that pawn shops also charge interest with the loan cash. And pawn shops will only pay for the ring even if it has gemstones. However, if you bring your gold ring to a gold ring buyer like Nevada Coin Mart, you will get the full value of your ring. And that includes the gold and the gemstone’s value.

The value of gold is based on its weight and purity. So when you pawn your gold ring (selling is better!), your gold ring will be weighed and checked for its purity. So typically, the weight is multiplied by its purity to get its value.

Below is a guide for understanding gold purity.

  • 9-karats (9K) = 37.5% of gold purity
  • 10-karats (10K) = 41.7% of gold purity
  • 12-karats (12K) = 50.0% of gold purity
  • 14-karats (14K) = 58.3% of gold purity
  • 18-karats (18K) = 75.0% of gold purity
  • 22-karats (22K) = 91.7% of gold purity
  • 24-karats (24K) = 99.9% of gold purity

It is also important to note that the price of gold changes daily as it is a volatile commodity. To understand the price of gold, you may refer to here. The gemstones in your ring are also taken into account. So if you sell your gold ring instead of pawning it, you get the value for gold and gemstone. 

Gold Ring Buyer

Why pawn when you can sell your gold ring to the best gold ring buyer in Las Vegas. NV? Sell your gold ring to Nevada Coin Mart! We offer the best value and use a non-invasive x-ray spectrometer to evaluate your gold ring. 

For more information, visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103, or call us at 702-998-4000.

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Necklace

How to Pawn a Necklace | Sell Necklaces in Las Vegas

If you’re wondering how to pawn a necklace, you must first understand that pawn shops focus on providing loans. They’re mainly after the precious metals that necklaces carry, so make sure that your necklace is not just gold-plated, or else you’ll end up home empty-handed. Pawning a necklace does seem like a quick way to get money. However, in hindsight, you will see that selling a necklace is much better. Here’s why:

How to Pawn a Necklace

Once you learn how to pawn a necklace, you’ll realize why selling your necklace is the better option. Virtually all pawn shops focus on providing quick loans to their customers. They profit by adding extremely high-interest rates to the loans they provide. Obviously, they are confident that their customers will eventually take the deals they offer. This is because, more often than not, people who go to pawn shops for loans are the ones who do not qualify for proper bank loans. Pawn shops also know that their customers need money fast, so they take advantage of their customers’ situation. 

Moreover, pawn shops rarely have in-house jewelry experts. They merely assign a price to items without putting them through a system. With this process, you can never be sure if you’re getting the price that your item deserves. Meanwhile, when you sell your necklace, you know you’ll get the full price that matches the current value of your necklace. 

Also, when you pawn a necklace, the pawn shop will take ownership of your item if you forget to pay your monthly fees even just once. When this happens, you end up paying much more than you gained. 

How to Pawn a Necklace? Don’t. Sell Your Necklace Instead

On the other hand, when you sell your necklaces to a reputable necklace buyer, you get better prices. This is because buyers like Nevada Coin Mart have specific processes and procedures for determining the value of necklaces. Buyers are also usually focused on acquiring specific items, so they are more willing to give you good prices. Unlike pawn shops, you don’t have to pay mysterious interest fees when you sell an item. 

Where to Sell Necklaces

If you do not know how to pawn a necklace, consider selling it first. And today, the best place to sell a necklace in Las Vegas is probably at Nevada Coin Mart. Our team includes experts on jewelry who are equipped with knowledge of various items like silver and gold jewelry. We also use a state-of-the-art Thermo Niton X-Ray Spectrometer to analyze precious metal contents in any item. The data from this technology helps us accurately and fairly determine any necklace’s value. Visit us at Nevada Coin Mart® 4065 S. Jones Blvd, Las Vegas, NV 89103. You can also call us at 02-998-4000 to talk to our staff today. 

Brief History

Necklaces are probably the earliest form of jewelry that prehistoric humans wore. Early civilizations wore necklaces as part of their identity or on different occasions like ceremonies, religious rituals, and funerals. They also wear specific necklaces to represent their status. For instance, the elites wore gold and silver necklaces with precious gemstones in Ancient Rome. In old Egypt, only the upper class could afford to wear metal necklaces. Their necklaces usually had themes from nature, like plants, animals, and insects. Lower-class citizens could only wear necklaces that had non-precious materials like hollow beads, glass, and even pottery. 

Today, jewelers can already make necklaces using various materials, from precious metals and stones to plastics and fabrics. But, aside from its precious metal and stone contents, other factors can also influence its value, like the brands, craftsmanship, artistry, intricacy, and quality. So, if you want to sell your necklace, it would truly help to understand its composition and history first. 

References

https://www.worthy.com/blog/knowledge-center/jewelry/avoid-pawn-shops-when-selling-jewelry/

 

Broken Jewelry

Can You Pawn Broken Jewelry in Las Vegas

Most pawn shops only offer loans that require collateral. But can you pawn broken jewelry? After all, condition and quality play a huge role in affecting an item’s value. Technically, you can. However, you will not get a better deal with pawning than selling broken jewelry. Of course, the cost of repairing your jewelry will fall upon the buyer, so they might cut that repair budget off your asking price. To avoid this, consider getting your jewelry fixed first. But if you couldn’t be bothered with sending your jewelry to repair shops, you can move on to finding out the value of your broken jewelry. 

Value of Broken Jewelry

Generally, three factors influence the value of broken jewelry: quality, purity, and weight. Broken jewelry comes in various forms, shapes, styles, and sizes. So, its weight is an essential factor in determining its value. However, being heavier does not automatically mean that broken jewelry is expensive. It could also tell that it is filled with heavy metal alloys, which makes the item sturdy and feel luxuriously expensive.

Meanwhile, purity indicates the amount of actual precious metal in the item. This may be gold, silver, platinum, palladium, and even rhodium. Purity can also show how many non-precious metals and alloys an item carries. 

Lastly, the quality of broken jewelry shows how much work has to be done before it can be wearable again. Repairs will cost the buyer some money and service, so having some damages will decrease the value of broken jewelry. This will lessen some more if your item requires repair parts. The quality of broken jewelry also lets buyers know if your item still has some melt value. When you sell your broken jewelry, strive to look for a buyer who will consider all of these factors. This way, you can avoid low-ballers and find an offer that your item deserves.

What Happens When You Pawn Broken Jewelry

Usually, people who go to pawn shops to do business are looking for quick loans because they do not qualify for proper bank loans. Pawn shops often take advantage of this and jack up their interest rates. When they do, it costs more in the long run, and customers end up paying for more than what they gained. 

Pawn shops also do not have in-house jewelry experts who know the value of broken jewelry. Pawnshop owners and dealers only assign a specific price for items without due process. With a system like this, you can be sure that the money you get from pawning jewelry is much less than what it’s worth. 

Sell Broken Jewelry Instead

Although damaged, broken jewelry still carries precious metals like gold and silver. The damage may cost some of its value due to poor condition, but you can still sell broken jewelry. Buyers also have proper systems for determining any item’s price and giving you specific amounts without any fee or interest. Unlike pawning broken jewelry, you get a price that matches the value of your broken jewelry when you sell it. You also wouldn’t have to worry about paying monthly. 

Best Place That Buy Broken Jewelry

Nevada Coin Mart is home to expert buyers who understand the actual value of broken jewelry. We use a state-of-the-art Thermo Niton X-Ray Spectrometer to analyze metal contents, giving us accurate data that can be used to determine an offer for broken jewelry pieces. Our experts have the capacity to read these data and give you a price that your broken jewelry deserves. When you sell broken jewelry at Nevada Coin Mart, you will be one of the millions of people we have helped earn cash fast. Also, you would no longer have to worry about paying monthly fees after a deal. This is a more convenient way of making money than pawning your broken jewelry.

If you want to be wiser in dealing with your items, sell your broken jewelry to Nevada Coin Mart instead. You can visit our only store at Nevada Coin Mart® 4065 S. Jones Blvd., Las Vegas, NV 89103. You can also call us at 702-998-4000 to talk to our expert buyers. We are open 365 days a week, from 9 AM to 6 PM.

Brief History

Like intact jewelry, broken jewelry can still be valuable, depending on its metal contents. However, if your broken jewelry is missing some precious gems like diamonds, its value will be less. Most jewelry owners find it tedious to fix their broken jewelry, especially if it’s an old piece that has gone out of style. For this, they opt to sell their broken jewelry instead to earn back some money they spent on the items. Broken jewelry covers people’s clothing to adorn themselves and express their individuality. It can be a bracelet, a diamond ring, a necklace, or even an earring. You can sell whatever broken jewelry you have, even if they’ve become unwearable. 

References

https://www.rivercitypawnshops.com/about-pawnshops-damaged-jewelry#:~:text=Whatever%20condition%20your%20jewelry%20is,resold%20in%20their%20jewelry%20case.

 

Silverware

Do Pawn Shops Buy Silverware? | Sell Silverware in Las Vegas

Pawn shops offer quick loans to customers who are often unqualified for proper bank loans. They have a system that focuses on earning through loans with high-interest rates. So do pawn shops actually “buy” silverware? The answer is no, you cannot just sell silverware to pawn shops. We understand that many households have some sets of precious silverware sitting and collecting dust in their kitchen. Pawning silverware may indeed be a fast way to earn some cash. But in this article, we’ll help you understand why selling is a far better option that allows you to get the price that matches the value of your silverware. 

Value of Silverware

The silver content in silverware makes it durable. Families can pass it on through generations if they take good care of it. It can even go for more than 100 years if you preserve it well. Unfortunately, not many companies manufacture precious silverware these days, making them a little hard to find. You will need good connections to start collecting precious silverware items. Hence, selling silver can give you quite the fortune, especially if you carry ones with high silver content and are extremely rare.

You can pawn silverware, but you will have difficulty finding a pawn shop that will accept it since pawn shops mainly focus on jewelry and electronics. For easier and faster transactions, you can sell your silverware instead. To determine the value of your silverware, a reputable silverware buyer would take its silver content, weight, design, rarity, and hallmarks. Remember to keep these things in mind once you decide to sell to avoid getting ripped off. 

Do Pawn Shops Really Buy Silverware

For the most part, pawn shops tend to take advantage of their customers’ urgent need for cash. They know that their clients need money so much that they are willing to take on a deal that would cost them more in the long run. They also know that their clients are usually people who do not qualify for proper bank loans, so they assume that these people don’t have any other way to earn money fast. This system is what has kept pawn shops running for years. 

So, when you pawn silverware, know that whatever price you get for it is probably less than the real value of your silverware pieces. The pawn shop would loan you money quickly but keep in mind that this loan comes with high-interest rates. So, in the end, you pay for more than what you gained from pawning your silverware. 

Sell Silverware Instead

Meanwhile, when you sell silverware, you will get an amount of cash that matches the true value of your silverware. Moreover, unlike pawning your silverware, you wouldn’t have to worry about paying off any debt when you sell it to an honest silverware buyer like Nevada Coin Mart. Unlike pawn shops that merely assign a price to items, we have proper procedures and systems to determine the value of silverware. We are also home to experts on precious metals like silver and gold, so we can guarantee that you get an offer that your items truly deserve. 

Moreover, most pawn shops target electronics and jewelry, so you might find it hard to find one that would accept your silverware. That’s why we recommend skipping the pawn shops and just go for selling instead. 

Do Pawn Shops Buy Silverware? Don’t Bother.

Sell your silverware instead to get better prices for your items. Nevada Coin Mart has maintained a good reputation as silverware buyer and other silver items for over 25 years now. We use non-destructive ways to test the genuineness of items. We also have a state-of-the-art Thermo Niton X-Ray Spectrometer to analyze silver metal content on any items. If you plan to pawn your silverware, try to sell your silverware first to see the difference. You can bring them to Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103. You can also call us at 702-998-4000 to talk to one of our expert buyers today.  

Brief History

Today, the term “silverware” has become the generic word when pertaining to eating utensils, even simple stainless ones. However, silverware originally got its name because manufacturers used to incorporate actual silver into flatware. They believe that due to its antimicrobial properties, silver is an excellent element to include in utensils that humans often put in their mouths. However, not everybody can afford genuine silverware, so they have become uncommon. You can only find precious silverware in wealthy households, and they would often be for display only. 

Reference

https://maxferd.com/how-much-do-pawn-shops-pay-for-silver/