In need of cash and thinking about pawning some of your jewelry? Over the years we’ve spoken to many people who are undecided if it’s right for them. It’s not always an easy decision to make; sometimes the item holds sentimental value, you might be unsure if the pawnshop would offer you much or anything at all. Before heading out you may want to consider a few things first: Does it hold sentimental value? If no continue to the next step, otherwise: You need to be confident you will be able to pay the loan back within the agreed time-frame otherwise the pawnshop will be within their rights to sell it. Most reputable pawnshops keep items well secured so you’re jewelry should be generally safe. If you can definitely pay the loan back in time then it should be worth pawning it. Is the money more important to you? If your situation means the money is more important to you than getting the jewelry back then go ahead, it should be worth pawning for you. Is it worth pawning watches? It can be, most good pawnshops accept high-end watches from premium brands such as Breitling, Omega and Tag Heuer. Some pawnshops may be more interested in more expensive luxury watches such as Rolex, they may not always accept these all the time. If your watch has a high gold value such as 18K or 22K then it is likely to be worth pawning. Equally many pawnshops also accept silver and would be interested in offering a loan for your pure silver watch. It is more likely to be worth pawning watches if they also incorporate precious stones such as diamonds, quarters crystal, emerald and garnet. Is it worth pawning costume jewelry? Most pawnshops will not offer pawn loans for costume jewelry unless it’s antique or has precious stones in it. It never hurts to ask just to be sure. You could call the pawnshop to find out the likelihood that they would offer you a pawn loan for the jewelry. To discuss pawning your jewelry in Meriden CT, give Meriden Pawn a call: 203-237-0899 home of the self-confessed “King of Gold”.
Can you Get Paid for Damaged Gold Jewelry?
They say virtually all the gold ever mind still exists today. This means that your old necklace for instance could have once been a watch, and in the future it could be a ring. It doesn’t matter if the jewelry is broken, the gold still holds it’s value. It can be sold as scrap, melted down and made into something new. It’s one of the few types of recycling you can actually get paid for! No single acid can dissolve gold (though it is possible), it does not tarnish and can always be made into something new. If it’s not being sold as a complete item, pawnshops such as Meriden Pawn could offer you cash to melt it down. Getting paid for broken gold jewelry Do you have a damaged necklace, pendant or watch? It doesn’t matter if it’s tangled, tarnished or dirty – Meriden Pawn could offer you cash for it. We buy all types of broken gold jewelry: 10 karat gold 12 karat gold 14 karat gold 18 karat gold 22 karat gold 24 karat (pure) gold Not sure what grade of gold you have? No problem, bring it to our pawnshop and we can analyze the jewelry to determine the gold content, and how much we can offer you. Many people have old bits of broken jewelry lying about their house such as earrings, necklaces and watches just collecting dust. Why not get cash for them today? We buy all types of broken gold jewelry, old and unfashionable, ugly, it doesn’t matter – if it’s gold we could pay you for it. Visit our shop to have your broken jewelry assessed and a price offered to you.
Pawnshops are Essential During the Coronavirus Outbreak
Pawn shops are a one-stop shop for many essentials Some people may wonder why their neighborhood pawnshop is still open during the current Coronavirus crisis. Pawnshops are helping people in need during the Covid-19 outbreak. When lockdown measures came into effect pawnshops were allowed to stay open. They were included in the list of essential services the public should be able to access. Some people took to the news that pawnshops were listed as essential with scepticism. Admittedly pawnshops don’t have the best repution and aren’t for everyone. But they provide a lifeline for many who have limited access to cash, or a bank. Pawnshops are serving the same needs they’ve been doing for hundreds of years. Helping citizens in the communities in good times and bad. Pawnshops are one of the oldest types of financial organization around. While times have changed, they still provide a highly valued service to a lot of people. the dozens of 5 star customer reviews for Meriden Pawn testify to this. Many roles to fill during the current COVID-19 crisis Pawnshops have multiple roles in the towns and cities they serve. Many provide financial services beyond collateral loans, such as check cashing and bill paying. Pawnshops can be especially helpful during the Coronavirus outbreak since so many people have become financially vulnerable. People have called us who have been laid off of work, or are on furlough. A lot of people are asking about selling jewelery, gold and high value electronic items. This isn’t a phenomenon exclusive to lock-down. The econimc and finacial difficulties resulting from the Covid-19 outbreak will affect all of us for a long time. As we face turbulent times ahead, pawnshops will be there for you when you need them. Spending the stimulas check wisely With stimulus checks arriving, some people have been asking about buying games consoles or anything else to keep the kids (or indeed themselves) entertained during lock-down. Pawnshops provide access to a wide variety of items that may not be available due to other shops bering closed. Pawnshops stock everything from musical instruments to bikes and outdoor games. Pawnshops offer people an opportunity to shop in a smaller store. Thus, there are shorter lines than larger chain stores. Not only does it make shopping easier and more nejyable but it helps customers maintain social distancing requirements.
Coronavirus Update – Temporary Hours Change
Meriden Pawn is continuing to serve customers during the Coronavirus lockdown. For the next couple of weeks our hours will be reduced. We will no longer be opening on weekends for the time being. Our new temporary hours during the Coronavirus lockdown: Monday – Friday: 11:00 am – 5:30 pm Saturday – Sunday: Closed These hours are effective the week beginning 6/04/2020 For the most up to date information about our opening hours please visit our Facebook page or Google page where we will keep you updated during the Coronavirus situation: https://www.facebook.com/meridenpawn/ http://g.page/meridenpawn Important information for customers Please read our Coronavirus announcement for important information for all customers. We are still accepting items, however ask that all customers call us before visiting our store as we are buying and giving pawn loans for a limited selection. We are still buying gold and scrap gold.
Selling Gold During the Coronavirus Shutdown
Gold has traditionally been a safe haven for savers, in 2008 when the markets crashed around the world, gold was one of the few investments that received a return. There are safer investments out there, but on the whole, gold generally remains steady. Today is no different. Since our last update on 6th March, gold has been a little up and down. The world as we know it has changed completely, lockdown was not even a prospect back then. Despite the rise and falls the price of gold is still relatively steady; just 0.56% down compared to the price 30 days ago. At the time of writing the price of gold stands at $1,594.67 per ounce or $51.28 per gram. Also remember that this represents a 5.49% increase on 6 months ago, and 22.74% on a year ago. Pawning and Selling Gold During the Coronavirus Shutdown Pawnshops, unlike jewelers, fall under the bracket of financial institutions and are currently allowed to stay open during the Coronavirus epidemic. If you need some cash to pay for necessities during the crisis you may look to your gold collection as a source of funds. Meriden Pawn is currently open for you to bring your gold in for valuation. Please call before you visit as we are currently taking limited items. Please read our Coronavirus update before you visit. Get the best prices in Connecticut Meriden Pawn – home of the pawn king offers you the best prices on your gold in Connecticut. Get the cash you need, and if you choose to take out a pawn loan you could be collecting your item at a convenient time when the loan can be repaid.
Pawning During the Coronavirus Shutdown
The Coronavirus shutdown is affecting all of us in one way or another. Some financially, unable to work or waiting longer than usual for payments. Sources for cash to pay for essentials such as food and bills may be limited, but you can still rely on your local CT pawnshop during this time. If you need cash during the Coronavirus shutdown, Meriden Pawn is pleased to help. As a service that many people rely on when finances are tight, pawnshops such as ours have been allowed to remain open (at the time of this writing). Our cash checking shop – Pro Check Cashing LLC is also open with limited service. We are currently accepting bill payments, selling money orders and processing checks. You can still visit our shop, pawn and sell items as usual. However please be aware that there are some changes to our service: Keeping you safe during the Coronavirus outbreak As you would expect our customers and our staff’s safety is of upmost importance during this time and we have introduced measures to keep everyone safe when visiting our shop. We are currently letting no more than two people in at a time. Sales of items are limited, our showroom is mostly closed. We ask that customers call us before visiting our shop to discuss whether we can accept your item. We are asking people who are unwell to kindly not visit our shop at this time. Pawning and selling your items – Changes to service We currently have limited space in our shop and are only accepting certain items. To avoid disappointment and a wasted journey please call us before coming to the shop. We can let you know if we are likely to accept your item or not. This will avoid an unnecessary journey for you. Rest assured that your pawned items will remain secured at our shop as usual, ready for you to collect when a time is convenient to you. We are aware that many of our customers know us as a place to come to get great prices on gold. We may still be accepting gold jewelry and scrap gold, however, things are changing daily here so please call to confirm.
Carats vs Karats – What’s the Difference?
If you’re looking for some extra cash and have some gold jewelry about the house you think you might sell, you may be considering just how pure the gold is, and how much money you can make. Or if you’re looking to buy gold perhaps you want a certain quality for that special loved one. Karat and carat are both terms you might encounter when buying and selling fine jewelry. They sound similar, is there a difference? Karat: The proportion of gold in an alloy (out of 24 parts). For instance: 16k (karat) gold jewelry Carat: A measurement of weight used for precious gemstones such as diamonds, emeralds and sapphires. For instance: 1 ct diamond gemstone In the world of gold buying and selling, karats and carats are sometimes used interchangeably by the general public. If you use carat to explain the purity of gold, people will still know what you mean and it is generally accepted. Karats explained A karat determines the purity of gold, it’s a bit like a percentage amount, except it’s a unique unit of measurement out of 24 parts. Karats can be converted to percentages easily: 24K = 99.9% Pure Gold 22K = 91.7% Pure Gold 18K = 75% Pure Gold 14K = 58.3% Pure Gold 12K = 50% Pure Gold 10K = 41.7% Pure Gold 9K = 37.5% Pure Gold The vast majority of gold jewelry bought and sold is made up of an alloy, this means the jewelry contains gold and one or more other metals. A 18k gold ring is 18/24 parts gold or 75%, the remaining 6 parts are made up of other metals, such as zinc, copper, nickel, iron, silver, platinum and palladium. The higher the karat, the more gold there is in the jewelry. Karats are mostly unique to gold and almost always refer to gold jewelry. Silver for instance does not use the karat system of measurement. Carats explained A carat (ct) is a unqiue unit of weight used to measure gemstones such as diamonds and sapphires. Carats can be converted easily to standard units of measurement, such as grams or ounces. 1 ct = 0.2 grams (200mg) The most common diamond carat for US engagement rings is between 1.00 ct and 1.2 ct
Gold Sellers Continue to Enjoy High Prices in 2020
The price of gold has grown steadily over the past year and gold sellers have been reaping the rewards. Selling scrap gold today will net you around 27% more than it would a year ago. At the time of writing the price of gold stands at around $1,650 per oz and $53 per g. Concerns over coronavirus Gold prices experienced a brief blip at the beginning of March amid coronavirus fears. The price fell almost 5% in a single day, the biggest drop in 7 years. But gold soon rebounded days later thanks to an interest rate cut by the federal reserve and improved economic outlook; historically gold buyers have favored a market with lower interest rates. Despite the momentary drop in gold it’s still a great market for sellers with the price higher than it has been for 5 years, and almost as high as it’s all time peak of $1,900 per oz in 2011. Is now a good time to sell gold? For the average seller now is as good a time as any to sell scrap gold for cash. Of course it never takes long to run a quick check to find out the market price before you sell. Remember the market price is a guide and when selling to a gold buyer they need to make a profit before selling the scrap gold on. Will the price continue to rise? It’s difficult to say, there is a lot of uncertainty globally right now. If recent years are an indicator the price of gold remains a stable source of cash for consumers. Looking to sell your cash for gold in central CT? Head to Meriden Pawn, home of the “Pawn King”, licensed and trusted since 1995.
Buying Affordable Gold Jewelry at Meriden Pawn Shop
Are you in the market for buying gold jewelry? Purchasing second hand at a local pawnshop you can often find quality pieces that provide significant savings compared to retail jewelry stores. Shop smart and buy from a local store where you can see and try the item on and have confidence in a well established business with an honest reputation. Buying gold jewelry from a pawnshop in CT Most pawnshops test all of the gold jewelry that comes into their stores; they use these tests to determine the minimum gold level of an item. The primary test that pawnshops use to test gold is the acid test. The tests that these shops do on gold helps to filter out any fake jewelry and keep buyers safe. Most pawnshops buy and sell jewelry such as gold, silver, platinum etc.. Meriden Pawn is no exception, in fact our owner here Mike Martorelli is locally known as “The Gold King“. Pawnshops usually buy and sell good quality jewelry and take time to carefully inspect all items before putting them for sale in their store. Save money on gold jewelry at your local pawnshop You can make significant savings compared to retail prices and can have the confidence of a locally trusted business rather than a more risky online purchase where you cannot physically see the item. Could the item by stolen? These days pawnshops work closely with police and criminal databases. They also record all transactions to restrict chance of passing on fake or compromised jewelry to buyers. When you shop for gold jewelry at your local pawnshop you can do so with confidence.
What Sells Best in Pawnshops 2020?
When you need some quick cash, there’s lots of things you could sell to a nearby pawnshop. Some shops buy a greater variety of items than others, and some like Meriden Pawn have specialities such as gold jewellery which they by more of. On the whole there are a reliable group of items pawnshops are known for and buy/sell more of. Fine Jewellery Jewellery made from precious metals such as gold, silver and platinum is of significant interest for pawnbrokers. They are good collateral for pawn loans and worthwhile for buyers too. Anyone in the market for good quality jewellery can take advantage of significant cost-savings compared with other high-street jewellers. Most pawnshops will be very interested in buying jewellery complete with gemstones, so if you have any then you can get a better rate offered. A sub-set of the jewellery market, watches are often of high interest to pawnshops for similar reasons to fine jewellery; they are timeless and always in demand. Good quality watches from popular designer brands hold their value well and you have a good chance of selling them at your local pawnshop. Electronics The market for second-hand consumer electronics is huge and one that pawnshops can’t ignore. The amount of tech people have to get rid of and the demand for perfectly usable second-hand electronics make it highly lucrative for pawnshops. Most pawnshops will now accept smartphones, games consoles, televisions, stereo systems and newer tech such as smart speakers. Pawnshops will want to test any electronics they buy. You should always take the time to test any tech you plan to sell to prevent a wasted trip. Musical instruments Pawnshops offer cash for instruments such as guitars, pianos and amplifiers because they hold onto their value well. You can make even more money if you have a sought-after brand or older instrument. If you have an old instrument you never use then it is an easy sell to visit your local pawnshop who you know buys them, check first though. Power tools You can get cash for tools at most pawnshops. Contractor tools are of particular interest because of their build quality and greater value. Power tools are usually built to last a long time, but they don’t come cheap; this makes second-hand tools of high interest to a wide proportion of the public. Sports equipment In the US there is a long-history of competitive sports in schools, colleges and the general community. Like many of the other items on this list, good sports equipment can be expensive new. People will still pay good money for used equipment though, enabling pawnshops to offer a reasonable rate when you go to sell them. All these items were studied primarily in the 2020 global pawn shops market study, further evidence of their significance to pawnshops. Buy and sell all of these items and more at your local, trusted central CT pawnshop, Meriden Pawn.
