What Standard do Pawnbrokers Follow to Evaluate Gold’s Value?

1
What Standard do Pawnbrokers Follow to Evaluate
Golds Value?
2
Introductions

• Gold is an ancient metal and have been very
  popular and desired metal in all ages and it
  still is.
• Gold is a preferred investment of all-time and
  as such the value of gold always keeps on rising
  and so it is also considered as a safe
  investment.
• With the passing of time, our gold jewellery
  tends to depreciate however they will be valued
  at current market price. Thats why people prefer
  to investing in gold is much safer.
• Year after year, hundreds and thousands of
  people turn to pawn shops for instant cash
  loans in Australia. If youre one of them, youll
  want to know exactly how pawnshops or pawnbrokers
  appraise golds value.

3
The Criteria Followed by Pawn Shops to Evaluate
Gold

• If youre contemplating to sell your old gold
  jewellery at a pawn shop, they can give you a
  better idea of what to expect and help you fetch
  the best price for your gold.

4
How Pure Your Gold Is?

• Ascertaining the purity of gold is the first
  thing any pawn shop will do. 
• In todays day jewellery will have some
  different type of stamp to show how pure it is.
• Some of the most popular ones are 24-carat,
  20-carat 18-carat, etc. 24-carat gold is
  considered the purest gold.
• You should be aware of your golds purity in
  advance so that you can better judge the
  estimation of pawnshops.

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What Is the Weight of Your Gold?

• Once golds purity is determined. The next step
  pawnshop undertake is to weigh your gold. Golds
  weight determined its price.
• The pawnbrokers will precisely know the running
  rates of gold and give you, your jewellerys
  worth.
• The price of gold keeps changing on daily basis
  due to number of reasons. It is good to know an
  approximate idea about golds prevailing market
  prices beforehand to know you are getting the
  right value of your gold.
• Keeping the watch on gold prices will also give
  you an idea of when its the right time to sell
  of your old gold items.

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So how to get the best price for your gold

• Well, some sort of specialised knowledge is
  required to sell off your gold for cash. To
  ensure you get the right price for your gold,
  here are some vital things that you should be
  aware of

Explore More..
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Keep the Gold with Different Carats Separately

• At times, pawnshops may offer you with golds
  price based on the lowest carat of your gold
  jewellery.
• In case, you have different purities of gold,
  then it would be better for you to keep the gold
  separate carat-wise and take the gold (having the
  same carat) to sell it. 
• For instance, if you have 24-carat and 18-carat
  gold items you may take gold jewellery having
  24-carat first, then in your next visit, or to a
  different pawnshop in Sydney, you may take gold
  jewellery having 18-carat or vice versa. 

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Get In Touch With a Local Pawn Shop near You

• If you want to avail a loan against your gold in
  Australia, right away visit Mega Cash who is a
  licensed pawnbroker and second-hand dealer having
  eight pawn shops across New South Wales and
  Queensland locations.

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ABOUT MEGA CASH

• Mega Cash is a licensed pawnbroker and
  secondhand-dealer which has been in business for
  nineteen years.
• We specialise in offering short term loans and
  buying and selling all quality second-hand goods.
• During the past 19 years we have processed in
  excess of 200,000 short term loans for our
  customers.

• By nature of our business we encounter a lot
  of items that you wouldnt normally find in a
  department store.
• With our high expectation of quality, the
  goods that make it out for sale are fantastically
  priced at just a fraction of the new retail
  price.

10
ST MARYS
MOUNT DRUITT
EMERTON
DOONSIDE
40 Jersey Rd, Emerton, NSW, 2770 PHONE 02 9835
1233
3 Cleeve Close, Mount Druitt NSW 2770 PHONE 02
9625 6511
147, Queen Street, St Marys, NSW, 2760 PHONE 02
9673 0485
8 Hill End Rd, Doonside NSW 2767 PHONE 02
9676 8282
Blacktown
MAYFIELD
MARSDEN, QLD
PENRITH, NSW
Bg1 Ground Floor, Marsden Park Shopping
Centre, Shop 37/57, Chambers Flat Rd, Marsden
QLD 4132 PHONE [phone]
Shop 12, 98 Henry Street Penrith NSW
2750 PHONE [phone]
270 Maitland Road, Mayfield NSW 2304 PHONE
02 4968 9599
Shop 1, 46-48 Main Street, Blacktown NSW
2148 PHONE [phone]