Pawn Shops?

[Im2stoked]

Does anyone know if pawn shops by law are suppose to disclose what percentage they pay on gold (example: 75% of melt)

Also, what is decent percentage one should expect for get for your gold?

Obviously the amount of gold per K is different but i would assume that the percentage they should pay should be the same. I always get a different answer who ever I speak to.

(I've been holding onto my finds)

Thanks

 

Amazon Forum Fav 👍

How to Research for Treasure Hunting and Metal Detecting From Lead Generation to Vetting - Grab it through Amazon!

[pong12211]

Go to whoever pays you the most money.

 

[mydogiscool]

In my state no disclosure needed. Most pay 50-60% of spot, 70 -80 if you have a lot. I would go to a jeweler or coin dealer compare, the cash for gold gold buyers- hotel buyers are usually fly by night rip offs in my area

 

[Tank69]

do a little research an call around before you sell .

 

[[email protected]]

Look up ARAgold.com, it is a gold refinery in Dallas, TX, the last time I sent gold to them they gave me 98% of gold spot that day according to what karat. All the info will be on the internet site on how to deal with them. GH, Don

 

[Im2stoked]

Thanks, ill check it out now

 

[dennco2000]

I have heard that the worst payers are mail/.com buyers.

 

[Sandman]

Anyone that sells their hard earned gold jewelry to a pawn shop deserves to be paid pennies on the dollar.

A refinery like Midwest Refineries or ARA Refineries pay 98% of spot price. Midwest pays 96% of spot. http://www.aragold.com/ ARA will also send you back the stones.

http://www.midwestrefineries.com/

There are sites and Apps that convert the gold by weight, Kt. and spot price of the day. The refinery may melt your gold on a different day and the price will be reflected in the amount of cash you get. It is the difference in getting $65.00 for a ring or $135.00,

I have an App on my phone that I can walk into a "Cash for Gold" fly by night and ask them how much they will pay for a certain weight 14 kt ring.

 

[golden ray]

Please note that ARA in Texas prefers to deal in larger lots.
But will accept smaller lots of raw gold/jewelry, just don't
send them a few grams. It has to be worth their while!!!
98% of spot on your melt is their current pay out.

 

[pat-tekker-cat]

Please don't take your stuff to ANY pawn shop! If you are in Miami, pm me. I got a guy, who will pay as good as ARA(on gold) to us local club members. He's got a store in Hollywood, I know where it's at, just can't remember the store name right off the top.
We have a club meeting Monday night also, he may be there. Like I said, pm me, if you want more info.
HH!

 

[Frankn]

Pawn and most jewelers pay about 1/3 spot here in Md. Frank...

 

[Tank69]

Like Sandman says midwest an ARA are good people to deal with I've been usung http://www.aragold.com/ for years their good an fair people . you wont be disappointed .

 

[dirtfisher23]

I use Midwest and have had no problems..but they don't return the stones. Ara in Texas
will make you an offer on the stones if valuable.