If you own some pieces of gold jewelry and are interested in finding out how much they’re worth, Pawn Brokers Exchange can help! We specialize in gold services right here in Salt Lake City, and can give you a fair and accurate estimate on all of your gold jewelry pieces while you wait. Here’s how the experts at Pawn Brokers Exchange appraise gold jewelry, and what it can mean for you!
Why Do I Need a Gold Jewelry Appraisal?
If you plan to sell your gold jewelry, it is important to have a professional appraisal conducted in order to find out its value. Precious metals including yellow, white and rose gold should be carefully assessed by a gold jewelry appraisal expert to determine the maximum amount you can receive for each piece. Having a professional appraisal of your gold jewelry benefits you greatly, as it lets you know how much you can realistically sell each piece for, either at Pawn Brokers Exchange or elsewhere.
What Happens In a Gold Jewelry Appraisal?
Gold, like other precious metals, is measured by its weight as well as its purity. The weight of your gold jewelry will be measured by the appraiser using the standard worldwide weighing system for all precious metals. The heavier the weight of your gold jewelry, the higher its value.
Purity, which is the ratio of gold to other materials in your jewelry piece, is measured in karats. Your gold jewelry is likely stamped with 12K, 18K, 20K or 24K to indicate its level of purity. 24-karat gold is considered the purest form of gold jewelry and brings in the highest value. Once the weight and purity of your gold jewelry piece has been taken into account, your appraiser will check the current market price of gold to determine its current value. The value of gold and all precious metals can fluctuate from day to day, and sometimes even multiple times in one trading day. Because of this, many people view gold as an investment and follow the market so they can cash in at the right time.
Once your gold jewelry appraisal is complete, you will be offered a price for your jewelry piece. Should you choose to accept the offer, you will be paid in cash by a Pawn Brokers Exchange representative. However, it is still your choice not to sell and to take your gold jewelry back with you.
If you are thinking about selling your gold jewelry, Pawn Brokers Exchange is here to help! Let our resident gold jewelry expert perform an appraisal and give you the fairest offer in Salt Lake City for your gold pieces. Call 801-238-0011 today to schedule an appraisal appointment, or just stop by our Salt Lake City store. We want to help you get the best possible price for your gold jewelry!