There’s a misconception that pawnshop appraisers uses mysterious and sometimes personal criteria to determine value in cash for gold in Wichita, KS. In fact, the appraisal process is pretty straightforward. Here’s a basic rundown of what appraisers look for.
Purity of the Gold
Gold jewelry for sale that has a high degree of purity is automatically more valuable than less pure gold and always fetches more in cash. The karat system indicates gold purity in parts fine per 24 parts whole.
There is no such thing as a gold sample that is completely devoid of other metals, and 24K corresponds to gold that is roughly 95 to 99 percent pure. Appraisers test for purity using a variety of methods, from electronic gadgets to acid.
Appeal of Gold for Sale
Pawnbrokers spend their days buying and selling gold. Pretty soon, they learn to buy what sells most consistently, whether it be plain gold rope chains or handsome, pure gold wedding bands.
Market trends vary seasonally and even geographically, so the same piece can fetch widely different prices in two different places. If something’s not likely to sell, it may fetch a lower amount in cash value despite purity.
Appraisers also consult the jeweler’s equivalent of a Kelly Blue Book. There are several that are fairly standard, like the Rapaport Price List, used to gauge diamond prices. The amount of cash for gold in Wichita, KS one gets also occasionally comes down to the pawnbroker in question. Older, family-owned shops tend to be more forgiving and generous, but this idea is anecdotal.
To get the most competitive value in cash for gold in Wichita, KS, reach out to Money Town Pawn Shop, the local area’s most trusted, fair, family-owned pawnshop.
