Selling gold to competitive gold buyers in Ellsworth, SD, is one of the easiest and fastest ways to earn cold, hard, quick cash. How much does the average chain, bracelet or wedding band fetch? Plus, does one have to sell one’s most beloved gold jewelry? No, it isn’t necessary. Here’s how buyers appraise gold and the sales/loan options offered.
All Sales Aren’t Final
Depending on the shop, high-quality gold is eligible for outright sale or a collateral-based loan. Similar to a pawn loan, a collateral-based loan is a small loan received in exchange for an item offered to offset the potential cost if the recipient fails to repay or chooses not to.
Loan periods are typically 90 days and incur roughly 10 to 25 percent in interest. At the end of the loan period, some shops offer the option of paying just the accrued interest to extend the loan period another 90 days. Failure to do so represents forfeiture of property.
How Buyers Appraise Gold
Gold purity is pretty straightforward. Karats denote parts of pure gold per 24 parts total. Thus, an 18K gold chain is 18 parts pure and six parts other metals or alloys. Purer gold tends to get more money, however the beauty and overall appeal of a piece always factors favorably in the buyer’s mind.
Wedding rings and bands tend to sell well, year-round, but watches, chains, earrings and bracelets always make great gift ideas, so they also sell well. To ensure the fairest amount of cash for gold, sometimes it’s best to seek out local businesses renowned for free estimates and competitive pricing. A bit of negotiating with the buyer is also a great idea.
For free estimates and the most fair gold buyers in Ellsworth, SD, visit the website of Fair Deal Pawn & Gun, and find out how easy and quick it is to get a great cash payoff for gold today.
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