2601 E. Highland Ave. Highland, CA. 92346
Open 9:00am to midnight every day of the week
Where do you get your jewelry from? Is there something wrong with it?
Common Alloy amounts
Why are pawnshop prices so much lower than jewelry stores?
What do you mean by "Scrap Gold"?
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.