909-864-3800

2601 E. Highland Ave. Highland, CA. 92346

Highland Pawn

Loans from $10 to $10,000

Open 9:00am to midnight every day of the week

Where do you get your jewelry from? Is there something wrong with it?

  • We get our jewelry from people who bought it at jewelry stores and then brought it to us to use as collateral for a loan, or they sold it outright to us. Maybe an item is broken, or they might need quick cash. Many times it is due to a break-up and they no longer want to be reminded of that relationship. Regardless, the jewelry they bought, or someone bought for them, tends to come from those mall stores with the highly inflated prices. There is absolutely nothing wrong with our jewelry! It has been worn to be sure, but it has then been sonic cleaned and polished for resale. The metal it is mounted in is still the same metal and has not magically changed, and the stones are usually in the same condition as when they were originally sold. Only our best pieces make it into the showcases. All the rest get scrapped.

Common Alloy amounts

10k Gold                 41%               Platinum (850)                 85%
14k Gold              58.3%               Platinum (900)                 90%
18k Gold                 75%               Platinum (950)                 95%
22K Gold             91.6%               Sterling Silver                92.5%
24K Gold             99.9%               Coin Silver                        90%

Why are pawnshop prices so much lower than jewelry stores?

  • Most chain jewelry stores have huge operating costs like prime mall rent and large annual advertising budgets. They also try to trick you into thinking that their products are worth significantly more than they will sell them to anyone with cash. Economics 101 says that the true price of an item is arrived at when you have a willing buyer and a willing seller. Why is it then that the mall stores all sport '60% off' sale flyers every day of the year? Why not just sell it for the 60% off and have the best prices in town? Well, we would much rather have lower prices and even then we have some wiggle room!

What do you mean by "Scrap Gold"?

  • Most jewelers and second hand dealers scrap, or melt, a portion of the precious metals they deal in. They will take any metal or jewelry deemed unsellable to a smelter who will melt the contents in a furnace at over 1700 degrees. This will not purify the metals, but allow the first impurities to burn off. They can then assay the remaining amount and determine the exact alloy amount. The smelter or assayer will then pay the customer the amount of the metal based on that days price on the world market after taking a small % for themselves. Pawnbrokers probably scrap more than 50% of the metals that they buy. They bear the risk of any volatility but also stand to gain if the market rises in value while they are holding the metal.

When we talk about precious metals, we usually mean gold, silver, and platinum. They are the most commonly used metals when it comes to constructing jewelry. They are traded every day on the world commodity markets, and the prices can be somewhat volatile. In 1996 for example, gold was hovering in the $350 range. In August of 2011, gold hit an all-time high of $1900.30 per ounce. Since early 2013, it has traded between $1200 and $1400 per ounce. Who knows where it will be next month or next year? These prices represent solid, or pure gold. Since gold is very soft, it must be mixed, or alloyed with other metals to make it more durable when it is used for jewelry. The most common alloys we see are 10K and 14K. These alloys are 41% and 58.3% gold respectively. When pawnbrokers look at the value of an item, they are taking into consideration the actual value of the gold in an item, not the highly inflated retail price.

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