Is it possible to buy gold at a pawnshop for yourself: the range of products, the pros and cons of purchasing, methods for cleaning used gold and rules for wearing other people’s jewelry

Choosing a gift is not an easy task! I want to buy something substantial, for example, gold jewelry. But finances do not always allow you to feel free when choosing a gift. A friend told me how her friend saves in this case. She buys gold at a pawnshop. I never considered these places to be suitable for purchase. How should we treat them? I decided to find out the opinions of different experts.

Gold as collateral in a pawnshop

You can quickly sell jewelry made from precious metals. Gold is expensive, but it is possible to earn quite a large amount if you sell it. Once the price drops, like scrap precious metals, the rewards will be substantial. This explains why gold is often used - it is seen as the most suitable collateral.

Pawnshops accept precious metals after assessing the parameters (composition, appearance) and announcing the cost of the product. If agreed, a loan is issued. Moreover, the client can buy the jewelry. This method allows you to quickly get money when you urgently need it. The percentage for using funds is quite high.

Pawnshop

Loan secured by an engagement ring

Another option for using jewelry is to leave it as collateral when applying for a loan. Each pawnshop sets its own interest rate for the use of money issued in exchange for a mortgage, usually about 0.2-10% per day. To hand over an engagement ring to a pawnshop as collateral you will need:

1. Choose a suitable pawnshop.
2. Approach the specified working hours of the master. The appraiser will advise on the value of the product and the amount that will be given for it.
3. Sign an agreement and receive a loan.

When concluding a transaction at a pawnshop, they will be sure to issue a sheet of collateral loan, which must contain the following information:

• personal information about the person to whom the money is given;
• information about the institution that issues the loan;
• loan amount;
• address of the pawnshop branch;
• date of conclusion of the transaction;
• a detailed description of the jewelry that is left as collateral, including defects revealed during inspection;
• interest rate.

You can return the jewelry on the day of redemption. To do this, take with you the entire amount of the debt with accrued interest, an identification document and a loan agreement.

When can a pawnshop sell collateral?

There are different situations: the client does not have time to return the funds, does not plan to buy the item. In both cases, the pawnshop becomes the owner of the gold product. This happens after a certain period specified in the contract. For a short period of time after its end, the client has the opportunity to return the product, but he must notify the organization’s employees about his plans. Cases when the collateral immediately goes to the pawnshop:

• the client does not show up, does not answer calls (if the contract specifies the possibility of redemption);
• Initially, a purchase/sale transaction of jewelry was completed, it immediately became the property of the pawnshop;
• the loan was not repaid.

Pawnshops usually have jewelry stores where the cost of items is lower than in regular retail chains.

Gold for auction

When handing over gold, you need to prepare for the fact that the precious jewelry will remain in the pawnshop. The organization has the right to transfer its ownership to another owner. There are different possibilities for this. An auction is held for this purpose. However, in this way it is advisable to sell only particularly valuable, original products, created to order or produced in limited quantities.

What are the guarantees for the return of valuables?

Today there are not as many unreliable organizations as there were before, but no one is safe from fly-by-night companies where you can bring gold today, but tomorrow you simply won’t find a pawnshop. Therefore, it is recommended to pawn jewelry in a company with many years of experience, which has long occupied its niche in the market. A self-respecting company will treat each visiting client with care, and also take care of its reputation, both in the market and online.

How to check the authenticity of a pawnshop? You can spend 5 extra minutes surfing the Internet, reading reviews about the chosen company, or blog posts/on social networks. If pawnshop employees provide feedback to their clients for several years in a row, you don’t have to worry: this is a reliable organization.

You can also require the pawnshop employees to provide a Certificate, which also indicates the long-term and legal existence of the pawnshop, as well as guarantees of the return of your personal valuables.

Pros of buying jewelry from a pawn shop

When taking gold from a pawnshop, they take into account all the features of the product itself, as well as the advantages of purchasing from this organization. What matters is the constant increase in their number and the expansion of the range of jewelry. This method of selling products is quite popular.

Rare valuables

The pawnshop sells not only products that were produced for widespread use, but also those that are distinguished by rare beauty: custom-made, antique, original, and of high value. It is unlikely that you will be able to find these in a jewelry store.

The pawnshop sells products of proven quality. They are assessed by a specialist, which means you can trust the stated characteristics of the jewelry. Of course, the buyer should additionally check the item before buying and wearing it, but usually the pawnshop does not deceive customers (if it values ​​​​its reputation, it is afraid of the consequences of fraud).

Branded jewelry at an affordable price

The gold items that the pawnshop offers to purchase can be famous - they represent products of famous brands and jewelry houses. Such jewelry is cheaper than new ones. Many people prefer them to standard products from a regular store in their city. In design, the precious metal from a well-known brand is superior to its analogues. The products of jewelry houses are distinguished by their quality. If it is not possible to order new jewelry from a well-known brand, a pawnshop and its range of products is a good alternative.

Jewelry - gold ring

Price reduction by 50-70%

Many people would like to purchase gold at an affordable price. Buyouts offer jewelry at prices lower than jewelry stores. Moreover, the cost is reduced by half or even more (depending on the type of precious metal and the condition of the item). You can take jewelry without fear that it will not meet the standards. This is the same gold that jewelry stores offer, only used.

They often sell new products with tags, but their cost is much lower than store products. This is due to the fact that at the acceptance stage the precious metal becomes scrap. If such products are expensive to sell, it will not be profitable.

Buying metal and stones is a bonus

One of the advantages of turning to pawn shop products when searching for suitable jewelry is the opportunity to receive an item that has only been partially appraised. We are talking about gold jewelry with stone inserts. They are not evaluated because specialists with similar skills are rare today. If you can find one, the cost of services will be high.

What is gold scrap

Scrap includes any gold products other than bank bars. In the general sense, this is technical gold, nuggets, broken or deformed jewelry, watches, and award badges. The term "recycled gold" is often used. This means that the jewelry has no aesthetic value. They are subject to further processing and melted down to make new products.

Pawn shops and purchases do not evaluate jewelry craftsmanship. Gold is always accepted as scrap.

What do jewelry stores include in the price of gold?

There are quite a few factors that shape the cost:

• composition of gold;
• weight, dimensions of the jewelry;
• the presence of inserts: made of metals, stones, and each additional element increases the price of gold jewelry;
• rent of store premises and other operating expenses;
• store services;
• markup (up to 100%), the size depends on many indirect factors and the policy of the management of the retail chain.

Disadvantages of purchasing used jewelry

Buying gold through a pawnshop is not always successful. Causes:

• the likelihood of a counterfeit missed by the appraiser: it happens that a pawnshop employee sees no reason to consider a piece of jewelry as costume jewelry, this can happen due to inattention, if a large number of products are accepted at once, the appraiser could simply not inspect one of them;
• checking diamonds by eye: when you plan to purchase a gold item with inserts, the quality of the stones in 95% of cases is assessed “by eye”, the reason is the lack of the necessary specialist, but this does not affect the cost of the item, since inserts are not included in the price, they are formed only on the basis of the parameters of the precious metal;
• wear and tear of used jewelry: any thing tends to wear out, as a result of which there is a phenomenon such as a fatigue fracture (gold in one of the areas can break); when you purchase jewelry from a pawnshop, you cannot know exactly how long it was in use before it was damaged to the new owner;
• energy of other people's things: gold items retain the energy of the previous owner for a very long time, they do not carry a certain charge, so they absorb negative and positive energy. If you have concerns about the esoteric side of the issue, you can still buy gold jewelry, just wear it after cleaning it first.

How much can you get per gram?

The value of a piece of jewelry or other item made of precious metal is determined by a pawnshop specialist - an appraiser.

Usually the price per gram of gold is approximately the same in all pawn shops in the city. However, if you have free time, it’s worth walking around and looking for interesting options.

In most cases, the price does not exceed 50% of the market value of the precious metal. It just so happens that for gold products of 583 and 585 samples they give a little more than half the discount rate of the Central Bank. To determine in advance the approximate size of the loan, you can look at the cost of a gram on the Central Bank website and divide it by two.

This way you will know approximately what you can expect when purchasing. With a high degree of probability, the rate will fluctuate within the obtained value plus or minus 200 rubles. You can earn the most for products made from 999 fineness. They are usually used to make bars and coins. A gram of such metal will be 60-80% more expensive.

Folk methods for purifying someone else's gold

Even if you don’t trust signs, it doesn’t hurt to clean the product purchased at the pawnshop. To do this, use methods for removing negativity:

• spring water: a gold product is soaked and frozen, spring water is prepared, the decoration should stand in it at room temperature, then the container is put into the freezer (overnight), in the morning it is defrosted, and the structure of the water changes, it is ordered, negative inclusions settle at the bottom, they are drained where no one walks;
• salt: salt acts in a similar way, prepare a bag from natural material, fill it with sea salt, put in a gold item, after 3 days it is removed, esotericists believe that this is enough to remove negative energy, then the item can be worn;
• prayers: the jewelry is cleaned, prayers are said, which helps eliminate negativity, a ring or other gold jewelry absorbs positive energy, and prayers are read at home or taken to church.

Sign: If the owner was seriously ill for a long time and died a painful death, according to popular beliefs, it is not recommended to wear his jewelry, especially precious rings (made of gold). It is believed that the new owner may develop the same disease.

Gold jewelry with stones

Gold and its energy

Newlyweds who got married and exchanged gold rings should not change these “complicated jewelry” to more modern ones during the next 9 years of marriage. The ideal option is to melt down the existing attributes of the unity of hearts and get new gold jewelry based on the same yellow metal, so you will preserve everything good and valuable that has been acquired in the family and be able to increase it.

It happens that one of the spouses loses a sacred piece of jewelry and then the question arises: What to do if the wedding ring is lost?

Losing your wedding ring is not a good sign, but it doesn't necessarily lead to a breakup. There is no need to make a tragedy out of this, but it is better to think about what is good in your marriage, what you have not yet lost in it, and focus your attention on this. You can't buy yourself a new ring. Let your husband buy it. The new ring should be blessed in the church on any holiday; this will help your family unite their love.

Attention! Rules for purchasing at a pawnshop

In a jewelry store, an online store, and a pawnshop, the rules are similar. The main task is to make sure that the gold is genuine. It is necessary to check not only the presence of the sample (it may not be on precious jewelry), but also the composition. You need to inspect the decoration you like. Gold should not be scratched. The shade of different jewelry is different, depending on the composition. It is suggested to check the sound - it should be loud when dropped on a glass counter. Other recommendations:

• study the label on the gold: when sold in a pawnshop, the tag is also present; it indicates the type of metal, fineness, presence of stone, size and cost;
• find out the conditions for returning goods: all pawnshops operate according to similar rules, but each has its own subtleties that should be learned before purchasing; first of all, it is clarified whether it is possible to return a gold product if for some reason it does not suit;
• purchase accompanied by a jeweler: when there are doubts that an item is genuine, a familiar appraiser is invited, it is also suggested that you use the services of a jeweler (the trip and assistance in choosing gold items is paid for), the pawnshop does not interfere with such visits, on the contrary, conditions are created under which you can make sure that the ring or bracelet differs in quality.

Jewelry shop

Features of receiving elite products

If you are going to pledge expensive diamond jewelry and expect to receive an adequate amount for it, you should not contact the first establishment you come across. Take care in advance to search for specialized institutions that accept elite jewelry, because there are not many such organizations. When evaluating such products, the following are taken into account:

• Size and weight of the stone;
• Its color, purity and quality;
• Elite brand;
• The aesthetic value of a product, especially if it has an original design or is an antique.

A standard pawn shop will simply offer you an amount of money based on the total weight of the jewelry.

Table: pawn shops in your city

The opportunity to pledge precious metals is available everywhere. Today you can find pawnshops in all countries, in different cities: Moscow, Kharkov, Brest, etc. Even small towns offer similar services:

Question-answer section

Is it profitable to buy gold at a pawnshop?

Expert opinion

Grishanov Mikhail Petrovich

Jeweler, director of the Grishanov and Co. workshop

Gold from a pawnshop is a profitable investment, provided that the precious metal was chosen correctly. It is necessary to take into account the appearance and composition of the alloy. Pay attention to the sample, but you should also check whether the numbers indicated on the stamp correspond to the properties of the material. You can invite a jeweler to inspect your jewelry to get an assessment from a disinterested specialist. The average price of gold offered by a pawnshop is 50-70% lower than in a store, since the markup and stones are not taken into account when determining the cost.

Is it possible to buy gold jewelry at a pawnshop?

Expert opinion

Pribrezhny Gennady Valentinovich

Jeweler 6th category

The quality of gold from a pawnshop is no worse than that of jewelry from a jewelry retail chain. But the composition should be taken into account - according to this criterion, the objects are really similar. A pawn shop usually offers jewelry that has already been used. This may affect the properties - the item will fail due to wear.

Pawn or sell

The question “Pledge or sell” probably came to mind at least once to those who were planning to pledge property to a pawnshop. Most pawnshops today accept gold jewelry exclusively as collateral, however, the client himself can determine the fate of his jewelry by not showing up on time for its redemption. Thus, the sale of gold will take place, and the price for it will be the unpaid amount of the deposit.

Gold purchased from collateral can serve as a safety net for you in times of crisis countless times. Therefore, it will be more profitable to buy the gold back and, if necessary again, pledge it again.