Gold has been one of the most traded commodities throughout history, and even in the 21st century, it has the ability to attract investors who are drawn to it as a safe place to store value over time. Over the past few years we’ve seen more volatility than usual with the price of Gold, but in recent months, increasing uncertainty in other financial markets has seen many people choose gold as an investment.
Gold’s rising price over time also means that you probably have more value tied up in older jewelry than you might expect, and it’s a good idea to have your collection appraised to see what it’s worth on the open market.
The price of gold jewelry is tied to a number of different factors. Firstly, the value of the gold itself. In many cases this is the vast majority of the value of the object – particularly with jewelry that wasn’t made by a well known or historic jeweler. A single piece that has a lot of historic value – such as an antique will have a value that is much higher than the value of the gold it contains, and as such the means of selling it will be different. This can be a disadvantage if you simply sell your unwanted gold without having it properly appraised – you might lose out on the true value of an item if it is merely sold for the weight of the metal it contains.
At Hat City Pawn, whether you want to sell gold as scrap, borrow money against the value tied up in your jewelry, or just get a good valuation that you can use for your insurance purposes, it’s a good idea to come in and talk to us about what your gold might be worth, and sell to us.
If you’re someone who’s keen to invest in Gold then you should come and browse our selection of bullion, coins, and jewelry to see if there are items in our store that are of interest to you and will meet your goals. We look forward to welcoming you soon.