Title: What Standard do Pawnbrokers Follow to Evaluate Gold’s Value?
1What Standard do Pawnbrokers Follow to Evaluate
Golds Value?
2Introductions
- 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.
3The 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.
4How 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.
5What 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.
6So 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
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7Keep 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.
8Get 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.
9ABOUT 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.
10ST MARYS
MOUNT DRUITT
EMERTON
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1233
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9625 6511
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9673 0485
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Blacktown
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MARSDEN, QLD
PENRITH, NSW
Bg1 Ground Floor, Marsden Park Shopping
Centre, Shop 37/57, Chambers Flat Rd, Marsden
QLD 4132 PHONE 07 3200 4166
Shop 12, 98 Henry Street Penrith NSW
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