Almost every home has unwanted gold jewelry that is dead weight. An oversized ring, one earring, a torn chain, a deformed bracelet and other obsolete things - all this can be profitably sold as scrap of precious metal. Whole items that no one wears for a long time can also be exchanged for a pack of banknotes. Moreover, sometimes money is needed so badly that a person is ready to sell not only old and unnecessary gold, but also favorite jewelry that is dear to the heart.
Today we will consider in detail the question of how to take gold to a pawnshop, how to get a high price for jewelry and what to do in order not to be deceived.
Pawnshops as an alternative to banks and microfinance organizations
Pawnshops are often approached not for the sale of precious metals, but for a loan secured by valuable property. In fact, a pawnshop is an analogue of a bank or a microfinance organization, only more loyal to its customers.
What is the advantagepawnshops? Banks issue loans at a relatively low interest rate, but processing a loan, even a small amount, takes a long time. Income certificates are required, a good credit history, plus recently banks have begun to impose insurance, which increases the amount of return. In principle, no one has ever heard anything positive about microfinance organizations, but they are famous for gigantic interest rates and forcing out debts by force.
Pawnshops are in all respects much better when you need to get money on the same day of treatment for a short time. They require only one identity document and collateral. Moreover, they will not even demand a return of the debt if the client could not repay it for any reason, because all their financial costs are compensated by the sale of the collateral.
Gold accepted at the pawnshop
Before you hand over gold to a pawnshop, you need to understand whether it will be accepted or not. In most cases, you can sell or mortgage:
- household items made of precious metal;
- scrap jewelry;
- whole and pair jewelry.
What not to take
Not all gold can be traded. Some things will not be accepted from customers, and you can get a real criminal term for trying to turn in the washed-up precious metal. The following items cannot be sold in pawnshops and other purchases:
- gold or other precious metal in nuggets, concentrate, plates, wire or details;
- elementsdentures;
- waste from precious metal in the form of shavings and saw cuts;
- gold leaf;
- orders and medals containing gold and other precious metals;
- gold in the form of parts for laboratory use and elements of industrial use;
- jewellery semi-finished products.
Precious metal sale
How to hand over gold to a pawnshop without a refund? Basically, it's a normal sale. And it should be noted that a pawnshop is not the most profitable way to sell. There are many other alternatives, for example, you can go to a buyout, a thrift store or a jewelry store. However, sometimes pawnshops offer a good rate - it depends on the particular institution. Therefore, before selling, you should contact several places in order to find out for how much and where you can hand over a gold product.
If a more attractive offer was in a pawnshop, then the seller will need a passport and, if available, a certificate or a jewelry tag. The latter is not necessary, however, if such papers are available, there are fewer questions about the authenticity of the metal. They also indirectly confirm that the seller is the owner of valuable property.
Passport required. Firstly, in order to make sure that the seller is over 18 years old. Secondly, everyone who sells gold is entered into a special registry book.
How to hand over gold to a pawnshop without a ransom? In the presence of a client, a pawnshop employee weighs the gold and checks for the hallmark. In case the embossingmissing, the receiver makes a small inscription on the gold or checks the metal chemically, so that small marks will remain on the product.
When the fineness and weight are set, the pawnshop employee recalculates these parameters into monetary units, for example, if 1,500 rubles are offered for 1 gram of 585 samples, then a ring weighing 2 g will be valued at 3,000 rubles.
How to return gold to a pawnshop with a refund
In this case, gold is considered collateral, and the issued money is a loan. The loan amount depends on the market value of gold minus 10-30%, which the pawnshop lays down as insurance against non-payment of interest. That is, if you sell a piece of jewelry, it will be valued higher, while it is accepted as a pledge at a reduced rate. At the same time, the client may not take the entire amount offered by the pawnshop employee if he needs less money. The expediency of this step is that you do not have to pay interest on a large loan amount.
The loan term is usually 30 days, then another 30 days there is a grace period during which the borrower, after paying the debt, can return his property. The term of the loan largely depends on the desires and capabilities of the client, in addition, it can be extended - in agreement with the pawnshop an unlimited number of times.
Important information: if the property remains in pawn at the pawnshop, then the client is issued a pledge ticket. This is a nominal document, the form of which is approved by the Government of the Russian Federation, and it displays all information on the pledged property and the full cost of the loan. It is issued in duplicate.- one remains in the pawnshop, and the second with the owner of the pledge.
Lost ticket
What's the worst thing that can happen after handing over gold to a pawnshop with a refund? According to consumer reviews, this is the loss of a pledge ticket. However, according to pawnshop employees, this is a completely solvable situation. If the pledge ticket is lost, stolen or not readable, you can get a copy of it. To do this, an application is written according to the model, which will be issued at the pawnshop, after which a duplicate will be issued to the owner of the collateral.
Important information: a passport is required to obtain a duplicate security ticket, and it is issued only to the owner of valuable property. If he is not able to come on his own, then a legally executed power of attorney for another person is needed.
Appraisal of gold in a pawnshop
Before you hand over the gold to the pawnshop, you need to clean it well. This rule applies to whole and paired jewelry, which can be sold not only by weight. For beautiful and new products, you can always get a slightly better offer.
Stones do not affect the cost of the product. As a rule, their weight is subtracted from the total, and in fact the seller gives them for free. Therefore, if the stone is truly valuable, then it is worth finding the pawnshop where they can appreciate it. Unfortunately, there are quite a few of them, due to a catastrophic shortage of specialists.
Also, white gold is practically not accepted anywhere, due to the fact that it is difficult to assess its authenticity. The white alloy is easily confused with the more expensive one.platinum, and with cheap fakes. Therefore, white gold items are accepted only if they are in tandem with traditional yellow gold.
Reviews
How to hand over gold to a pawnshop without a ransom or on bail? Before you do this, you should weigh the pros and cons. Gold is a good long-term investment, while money will be spent instantly. In addition, there is a risk of running into unscrupulous buyers, with low purchase rates and high interest on loans.
According to pawnshop customers, almost none of those who sold their gold complained about the deal. Although some felt that they were cheap, and the valuable metal could have been sold more profitably.
While the clients who left the gold on bail were often dissatisfied. This situation is due to the fact that they did not evaluate their financial capabilities, and could not return the money on time. And all those payments that we can afford go to pay interest. Thus, a vicious circle is obtained, which, however, is easy to break. You just need to find the strength to part with your favorite thing.
Helpful tips
How to hand over gold to a pawnshop so as not to be deceived? Here are some practical tips for this:
- In pawnshops, where everything is in order with the law, the contract is always drawn up in two copies.
- Before you hand over gold to a pawnshop without a return, you need to look for more profitable options. Most of these establishments reduce the real price by almost 2 times.
- In the case of a loan, a Pledge Ticket must always be drawn up and issued. In the absence of this document, it may turn out that a person actually sold gold items for the small amount that he needed.
- The receiver is obliged to evaluate and weigh the gold in the presence of the client.
- Before you donate gold to a specific purchase, you need to ask if they have a license for this type of activity.
- Be sure to read all the terms of the loan agreement. In any case, you will have to give more than was taken. But only in the contract you can find the real amount of interest for the entire period.
- You need to correctly assess your financial capabilities and the degree of attachment to the jewelry left as a pledge.
