So you are in need of a little quick cash? You have some gold jewelry or coins, but you don't know what they are worth? The fact is, gold is always worth money, regardless of economic factors! That makes it a great way to cover that unexpected expense, catch up of bills or generate funds for a purchase you need to make.
Pawn shops can provide loans for your items, or purchase them outright. It all depends on whether you wish to retrieve your item at a later date, or just want to get rid of it altogether. Here are four tips to help you with your gold transaction at Metro Pawn & Gun:
1. Decide if you want to sell or get a loan.
The first thing to determine is whether you want to sell you item, or just get a loan on it. If you decide to pawn, you will have the opportunity to get your item back after you have repaid the loan. If you decide to sell, you will part with the item but also will not need to pay anything back. Approximately 75% of customers reclaim their items after paying off the loan.
2. Can you detach yourself from an item that holds more than cash value?
In the case of something that holds sentimental value, a family heirloom for instance, you want to be sure that you are willing to relinquish ownership – either for the period of the loan, or permanently if you decide to sell it. We want to establish lasting relationships with our customers and work with them to offer the most cash possible, but we also want them to be happy with their decisions.
3. To clean or not to clean?
There are times you want to clean, and there are definitely times you don’t! If you have an old ring, for example, you may want to dip it into a jewelry cleaning solution to make it as presentable as possible. On the other hand, if you have an antique coin, DO NOT clean it in any way. Doing so may actually lessen its value, and in some cases, damage the coin and make it worth nothing more than its scrap gold weight!
It’s always a good idea to do some preliminary research on what your items may be worth. We are always fair in our assessment of the items you bring in, but as always, the more you know the more likely it is that the negotiation will be productive.
If you’re pawning your gold in Minnesota, the best place to go is Metro Pawn & Gun. Visit us to buy, sell or pawn gold and other valuable pieces for a fair market price!
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