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What Standard do Pawnbrokers Follow to Evaluate Gold’s Value?

Gold is an ancient metal and have been very popular and desired metal in all ages and it still is.Year after year, hundreds and thousands of people turn to pawn shops foru00a0instant cash loansu00a0in Australia. If youu2019re one of them, youu2019ll want to know exactly how pawnshops or pawnbrokers standard goldu2019s value.

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What Standard do Pawnbrokers Follow to Evaluate Gold’s Value?

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  1. What Standard do Pawnbrokers Follow to Evaluate Gold’s Value?

  2. Introductions: • Gold is an ancient metal and have been very popular and desired metal in all ages and it still is. • Gold is a preferred investment of all-time and as such the value of gold always keeps on rising and so it is also considered as a safe investment. • With the passing of time, our gold jewellery tends to depreciate; however they will be valued at current market price. That’s why people prefer to investing in gold is much safer. • Year after year, hundreds and thousands of people turn to pawn shops for instant cash loans in Australia. If you’re one of them, you’ll want to know exactly how pawnshops or pawnbrokers appraise gold’s value.

  3. The Criteria Followed by Pawn Shops to Evaluate Gold: • If you’re contemplating to sell your old gold jewellery at a pawn shop, they can give you a better idea of what to expect and help you fetch the best price for your gold.

  4. How Pure Your Gold Is?: • Ascertaining the purity of gold is the first thing any pawn shop will do.  • In today’s day jewellery will have some different type of stamp to show how pure it is. • Some of the most popular ones are 24-carat, 20-carat & 18-carat, etc. 24-carat gold is considered the purest gold. • You should be aware of your gold’s purity in advance so that you can better judge the estimation of pawnshops.

  5. What Is the Weight of Your Gold?: • Once gold’s purity is determined. The next step pawnshop undertake is to weigh your gold. Gold’s weight determined its price. • The pawnbrokers will precisely know the running rates of gold and give you, your jewellery’s worth. • The price of gold keeps changing on daily basis due to number of reasons. It is good to know an approximate idea about gold’s prevailing market prices beforehand to know you are getting the right value of your gold. • Keeping the watch on gold prices will also give you an idea of when it’s the right time to sell of your old gold items.

  6. So how to get the best price for your gold… • Well, some sort of specialised knowledge is required to sell off your gold for cash. To ensure you get the right price for your gold, here are some vital things that you should be aware of: Explore More..

  7. Keep the Gold with Different Carats Separately: • At times, pawnshops may offer you with gold’s price based on the lowest carat of your gold jewellery. • In case, you have different purities of gold, then it would be better for you to keep the gold separate carat-wise and take the gold (having the same carat) to sell it.  • For instance, if you have 24-carat and 18-carat gold items – you may take gold jewellery having 24-carat first, then in your next visit, or to a different pawnshop in Sydney, you may take gold jewellery having 18-carat or vice versa. 

  8. Get In Touch With a Local Pawn Shop near You • If you want to avail a loan against your gold in Australia, right away visit Mega Cash who is a licensed pawnbroker and second-hand dealer having eight pawn shops across New South Wales and Queensland locations.

  9. ABOUT MEGA CASH : • Mega Cash is a licensed pawnbroker and secondhand-dealer which has been in business for nineteen years. • We specialise in offering short term loans and buying and selling all quality second-hand goods. • During the past 19 years we have processed in excess of 200,000 short term loans for our customers. • By nature of our business we encounter a lot of items that you wouldn’t normally find in a department store. • With our high expectation of quality, the goods that make it out for sale are fantastically priced at just a fraction of the new retail price.

  10. STMARYS MOUNTDRUITT EMERTON DOONSIDE 40 Jersey Rd, Emerton, NSW, 2770 PHONE : 02 9835 1233 3 Cleeve Close, Mount Druitt NSW 2770 PHONE : 02 9625 6511 147, Queen Street, St Marys, NSW, 2760 PHONE : 02 9673 0485 8 Hill End Rd, Doonside NSW 2767 PHONE : 02 9676 8282 Blacktown MAYFIELD MARSDEN, QLD PENRITH, NSW Bg1 Ground Floor, Marsden Park Shopping Centre, Shop 37/57, Chambers Flat Rd, Marsden QLD 4132 PHONE : 07 3200 4166 270 Maitland Road, Mayfield NSW 2304 PHONE : 02 4968 9599 Shop 1, 46-48 Main Street, Blacktown NSW 2148 PHONE : 02 8610 9800 Shop 12, 98 Henry Street Penrith NSW 2750 PHONE : 02 8398 4080

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