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This has been reviewed and updated on 8/7/2020. 

Pawnshops experience fast turnaround times certain items. This year, the price of gold has spiked more than 32%, creating a record-high value of $2,020 per ounce. Silver's asking price has increased by 30% and is expected to overtake gold's value. Some objects have an intrinsic value that will always make them coveted. 

What Are the Best Items to Sell at a Pawn Shop?

1. Jewelry

Luxurious jewelry and watches are big sellers in pawnshops. Of course, gems and diamonds will also yield a generous payout. 

Many jewelry pieces are made from noble or precious metals like gold, silver, and platinum. Jewelry stores consider age, condition, and intricacy of design when coming to a price, which will be lower, especially if the items are damaged or broken. 

However, pawnbrokers will accept pieces in their current condition because they focus on the material the jewelry is made from. They'll likely have an intrinsic value that's always in-demand on the marketplace, providing the sellers with higher returns.  

2. Gold

PawnshopEspecially in times of financial crisis, the market relies on gold. Pawnbrokers offer free appraisals to owners. The price they come to is based on the per-ounce value of the gold as established by the market. Their valuation is quickly confirmed by checking the marketplace yourself, so the price being offered is always fair.

3. Silver

Like gold, silver is resistant to oxidation and corrosion, allowing it to maintain its value over time. It's malleable and works as a thermal and electric conductor, making it useful in the construction of cellphones, tablets, computers, and laptops. Silver's also relied upon for its industrial uses in vehicle manufacturing and the creation of solar panels. However, the world's silver supply is running out, making it more in-demand now than ever.  

4. Coins

Rare coins are extremely popular among collectors, and pawn shops are always willing to take a close look at your finds. Older coins created before the Great Depression have an intrinsic value because they were minted in gold and silver. 

The condition of the coins also factors into their worth. However, it's based on dents and wear, not dirt or the patina (the green film that develops on old and exposed metals). Many collectors prefer the patina, increasing the coin's value. If you have a collection, don't clean the coins ahead of time. 

 

At Gold & Silver Pawn, you're under no obligation to sell your valuables, but it doesn't hurt to find out how much they're worth. This pawnshop is renowned throughout Hinesville, GA, for a reason—they offer guidance, provide free appraisals, and work with you to arrive at a fair, beneficial deal. Their appraisers stay updated on financial trends of gems, precious, and noble metals to ensure that the price you receive is fair but lucrative. Visit their website for more information on their services, or call (912) 876-6580.

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