Pawn Buy Sell Gold
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Gold is normally found in three forms. Jewelry, coins or bars. Much less frequently it is found in it’s rawest form of a nugget or chunk. The minimum value of any gold item is the amount it can be melted for. The maximum value is what someone is willing to pay for it on the open market.
Broken gold jewelry is worth what it can be melted for or more if it can be repaired and resold.
Whether a gold item is resellable or collectible will increase the value of a gold item.
Many gold watches are resellable such as Rolex, Cartier, Patek Philippe, Omega and much more.
Antique jewelry is most often resellable.
Signed or Designer jewelry is often resellable such as Cartier, Tiffany & Co, David Yurman, Ippolita, Van Cleef & Arpels and much more.
Gold jewelry with precious and semi-precious stones such as diamonds, sapphires, emeralds, rubies aquamarine, and topaz are often resellable and many times the stones themselves are resellable even if the gold jewelry they are set in is not.
Many custom made gold pieces are resellable.
The melt value of a gold item is determined by what the price of pure gold per troy ounce is that particular day, what it weighs in grams or pennyweights (DWT) and what carat it is. There are 31.1 grams or 20 pennyweight in a troy ounce or jewelers ounce.
Yellow gold, white gold, pink gold, rose gold and tricolor gold have the same melt down value.
Below is a chart of the percentage of pure gold in each particular carat. For example, a piece of jewelry may be stamped or hallmarked with either the more recognizable “14K” or the less recognizable “.585”. Both mean there is 58.5% of pure gold in that particular piece of jewelry. A piece of jewelry may be stamped “18K” or “.750” and is 75% pure gold. Many jewelry items are not stamped or the stamp was removed over time. In that case, an acid test is used to determine the purity.
.375 = 9K
.417 = 10K
.585 = 14K
.750 = 18K
.917 = 22K
.999 = 24K
Many gold coins are collectible and resellable based on rarity and condition. Most gold coins are 22K (.917) or 24K (.999). Some have even lower gold content. Most gold bars are 24K (.999).
The bottom line is that BrowardPawnShops.com will pay more for gold items if we can resell those items at a premium on the open market.