The Jewelers & Loan Co. in Quincy, MA, is a gold pawn shop. Gold has long been considered valuable and has been used as a currency for centuries. Today, many choose to wear this yellow (or white) metal around their ring or neck as gold jewelry. Do you have gold jewelry sitting around collecting dust in a drawer or in the bank? You may have broken bracelets, bangles, earrings, or other gold jewelry you might want to upgrade by turning them in for cash. We’re happy to be a convenient gold pawn shop for people throughout Massachusetts:
- South Shore
- Lower Mills
- Plymouth County
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Gold, jewelry or otherwise, is still very valuable, and might be worth hundred dollars or thousands of dollars, depending on its weight, karat purity, and brand name. About 50% of the world’s gold is used for jewelry, but approximately 40% of that gold is actually used in investments. People invest in gold because it is seen as something with constant value. Gold price itself may move, so it’s worth it to see if it’s a good time to sell your gold! Did you know that the gold market as we know it today actually started much like a gold pawn shop? At the Jewelers & Loan Co. of Quincy, MA, we appreciate the history of gold, and we will discuss more about gold and its future use in the pawn industry throughout the GoldPawnerShip vision.
Although gold pawn shops are often seen in a negative light in the US, this is not true in other parts of the world, such as France and India, and The Jewelers & Loan Co. wants to change this stereotype. Borrowing money on your gold is not viewed negatively, but rather seen as culturally acceptable and an appropriate way to get the money you need. Overseas, gold jewelry is generally viewed as a gold investment purchased in local denominated currency. In America, the most common type of gold is fourteen karats (14k) or .585% pure gold, with other metals mixed into the jewelry for durability.
Many customers from across the South Shore area come to our gold pawn shop to sell gold pieces of jewelry, or even dental gold, regardless of the condition. It doesn’t matter what you bring your jewelry in, how dirty it is, or whether you bring it in an old Ziploc bag — we welcome every type of gold in our Quincy pawn shop.
Pawn Loans for Gold Based on Karat Purity
Come to our gold pawn shop during normal business hours to get your gold jewelry organized
by karat purity, weight, and brand. We will use the current gold spot price to get an accurate price if you would like to sell or pawn your gold jewelry or gold coins. You can also FedEx your items, or simply make a private appointment by calling us at 617-479-GOLD (4653).
You can get a short term pawn loan using the value of your gold items to get some temporary cash in their pocket to improve your personal cash flow. Pawn loans using gold collateral are safe, secure, and confidential, with no credit check required. Transactions are safe and confidential, and we always make sure that you receive the most fair-market, second-hand, cash-price for your gold pawn or the many items we pawn and buy.
Not all gold is created equal. Many common items such as high school or college rings, masonic rings, or fraternity rings are typically 10k, .417, 417%. This is not worth as much, so keep this in mind if you are looking to sell or pawn your gold jewelry.
Today’s Current Spot Gold Price Helps Determine Cash Value for Gold
You can see the live gold Spot Price on our website. Our gold pawn shop offers pawn loans for gold based on the current spot price. However, before considering this, you need to find out the actual value of your piece, whether it is gold jewelry, gold bullion, gold wristwatch, gold bracelet, gold chain, gold pendant, or broken/unwanted earrings.
The spot price for gold goes through daily fluctuations. The Monday through Friday trading of gold future contracts and physical gold helps establish the Daily Gold Spot Price. This is the price that people all over the world check for prices paid out by jewelers, pawn shops, pawnbrokers and gold buyers every day. It is the current daily, spot-gold price that sets the pricing for the second-hand gold market.
Why is today’s gold spot price important for determining the value of my gold jewelry?
You should always know the daily spot price for pure 24 karat gold or .9999 troy ounce (ozt). For reference, there are 20 pennyweights in 1 troy ounce which is also equivalent to 31.1 grams). You should always know the spot price of gold before deciding to sell or pawn your gold coins or jewelry at your local gold pawn shop.
The price of pure .999 gold is constantly changing and fluctuating with market conditions. This is why if you are looking to get a gold pawn loan, you should check the spot price.
The value of gold today may not be the value tomorrow, so it is important that you look up the current spot price of gold to help you obtain the best value for your gold jewelry. Checking spot gold prices can help you determine the best time to sell your pieces. In the 1970s, gold spot prices were under $200 per troy ounce and in the 1980’s prices ranged from a low of mid $280 to as high as $850 per troy ounce.
How to Determine the Value of Your Gold for Cash
You can’t just look at your gold jewelry and determine how much cash you will be able to get for pawning or selling it. Fortunately, the process for pawning your gold coins or jewelry is simple, and you can get in and out of the shop quickly. As a general rule, the heavier the gold and higher the karat purity, the more value the jewelry may hold. Higher karat numbers mean a higher percentage of gold that is pure. The most common gold is fourteen karats or 14KT. This simply means the gold is 14 parts pure gold, or 58.5% pure. This percentage is reached by dividing 14 by 24, which is the highest karat level possible in gold. The other ten parts of the total 24k are sometimes composed of copper, zinc, palladium, silver, and nickel.
A piece’s appearance and condition don’t necessarily indicate how valuable that piece is. Whether it’s gold jewelry or gold scrap, the appearance of the piece is less important than the quality of the gold, weight in grams, troy ounces, or pennyweights, or the karat purity, along with the gold spot price for the day. High-end, luxury designers will also increase the value of your gold items.
You can get a free, no obligation gold jewelry appraisal from The Jewelers & Co. We typically provide free estimates, but if you have a large amount of jewelry, a sorting and organizing fee may apply. We like to provide price estimates to help educate our customers.
How can I maximize the cash I receive for my gold or gold and diamond jewelry?
Selling your jewelry to a local gold jewelry shop is not always the best way to get the most for your gold jewelry. Sometimes you can get more from selling it privately through a reputable platform such as Etsy, PoshMark, or eBay. The most common jewelry that is best suited to be sold online includes smaller diamonds under a half carat, or finished jewelry with carat total weight of diamonds. (This may include jewelry that has, for example, twenty diamonds that equal one carat). If a relationship doesn’t work out, many people prefer to sell their jewelry for cash or to pawn it.
When purchasing gold, buy based on purity and weight. For example, if you buy a Cuban link for someone special, obtaining a used, second hand chain can help you save money. Most customers do not care about the intrinsic value or the resale value of the jewelry they purchase, but it is often just an afterthought. Quality jewelry, value jewelry, or discounted secondhand jewelry are all options to a buyer of jewelry or a seller of jewelry. It may cost more upfront for a quality piece, but the resale value is higher on percentage terms. We don’t recommend buying gold-plated jewelry as it does not have much value.
Why did my gold and diamond ring from a big box retailer cost so much, but I can’t get back what I paid for it?
Oftentimes with retailers like Zales, Kay, or Jared’s, their payrolls and other expenses such as rent in malls, marketing, and promotions are high, and this cost is passed to the customers. These companies sell large volumes of jewelry both in store and online. Dealing with independent jewelers generally provides a better experience than the large big box retailers with employees who have little vested interest in their company and customer experience. Working with an independent jeweler is a much more personal experience. Additionally, most purchasers of jewelry do not think about what the resale value of their jewelry will be in the future, and this may cause frustration when customers go to sell their pieces later.
How do I know if my jewelry is real gold?
It’s important to determine if your gold jewelry is authentic. Just because there is a stamp, does not mean an item is genuine gold. Some common imitators include gold-filled jewelry, gold-plated jewelry, gold mixed with copper, gold stamped, and inflated karat genuine gold. The first and easiest way to determine authenticity is to look for a small karat mark or a manufacturer’s trademark stamped on the inside of a clasp, inside of a gold ring, on the end cap of a gold Figaro bracelet, or even a tiny mark on a gold diamond earring post. You will likely see a number stamp or 18k, 14k or 10k on your item, numbers such as 750, 417, 585, 916, 999, 375, or the word “gold plum.” We often see customers come in with stamped genuine gold on jewelry, but we’ve also seen customers who have purchased gold chains and gold jewelry from a friend, thinking that the item was authentic and that it was a “good deal” only to find out the item wasn’t true gold.
Visit our Quincy, Massachusetts gold jewelry pawn shop and we can help you determine the authenticity of your gold items. You can text, email, or call and stop by during business hours.
What is the difference between 10k, 14k, 18k and 24k Gold?
Very simply, 10k means ten-parts pure gold or 41.7% pure. 10k/24k = 41.7%. 14k means fourteen-parts pure gold out of 24k. In other words, 14k/24k= 58.5% pure and so on. Most people will have a general idea of what type of gold they are dealing with when they are ready to sell their old ten karat class rings, corporate gold pin, or the 70’s gold rope style chain that goes in and out of style.
24k gold is the highest purity of gold, but since it is too soft to be used for jewelry, you typically will not see this stamp. Higher karats of gold jewelry are more common in other countries. American gold jewelry is usually 10k, 14k, or 18k yellow or white gold.
Gold jewelry that is 18k is very high in gold purity. This means it is made with 75% pure gold and other metals such as palladium, copper, zinc, and even silver to help strengthen the piece. Simply put, the higher the karat of gold (10k, 14k, 18k, 20k, 22k, and even 24k), and the heavier it is, the more that it is worth.
10k gold jewelry tends to be darker in color because it is only 41.7% pure.
My gold jewelry has a 585 stamp on it. what does it signify?
If your gold jewelry has a 585 stamp on it, then then it’s probably 14k gold. This stamp comes from the simple equation 14k/24k= 0.585, which is where the stamp came from.
My gold jewelry has a 417 stamp on it. what does it signify?
When a piece of gold jewelry has a 417 stamp on it, then then it’s probably a 10k piece of gold jewelry. This is because 10k gold is 41.7% pure.
My gold jewelry has a 750 stamp on it. what does it signify?
Gold jewelry that has a 750 stamp on then it’s probably 18k gold, or 75% pure gold. You will likely notice these pieces are brighter yellow in color thanks to a large amount of pure gold in them.
My gold jewelry has a 375 stamp on it. what does it signify?
These stamps are not very common as they are typically only used on European jewelry items such as Claddagh rings, Celtic Crosses, and even old pocket watches. Gold jewelry with a 375 stamp on then it’s probably 9K and tends to be very dark in color.
What is gold filled or gold overlay jewelry?
Some people come to us to sell jewelry that is “gold filled.” This is common today and while it gives off the appearance of solid gold jewelry, it isn’t the same.
Gold-filled jewelry, also known as a gold overlay, is made by using heat and pressure to apply a layer of karat gold to a base metal. This creates an “overlay” of gold on top of the metal.
In order to qualify as a gold-filled piece, the karat of gold in each item must equal at least 1/20 of the total weight of that item. Gold filled pieces can also be 2/20 or 5/10. These items do have some value, but not as much as real gold.
What is gold plated jewelry?
Gold plated jewelry is another type of jewelry that may give off the appearance of solid gold but is actually made mostly of other metals.
If a piece of jewelry is gold plated, it means a very thin layer of gold color or real gold is deposited on top of a metal base. The color will look similar to 14kt gold. In most pieces, this plate is only about 1/1,000-1/1,00,000 of an inch.
Typically, you will see 14KGE or 18K GEP stamps on gold plated items. This type of gold has very little value.
So, what is the difference between gold plated and gold filled?
Gold filled jewelry has a significantly larger portion of gold in it, as opposed to gold plated. Typically, gold filled jewelry will hold a greater cash value, slightly more than silver jewelry.
Pawn Gold for Cash in Our Quincy, MA Pawn Shop
If you want to sell your gold jewelry and quickly get cash for your pieces, then you should stop by our pawn shop in Quincy, MA, to get a free gold jewelry appraisal on your pieces.
Here’s how the process works:
Step 1: Gather the Gold Jewelry You Want to Pawn
Bring us any jewelry that you think might have value. No matter what it is, we can make you an offer for cash or pawn. You can also send a picture or ask for a shipping label to send to us.
Step 2: Evaluating and Separating Your Gold Items
We will evaluate each of your pieces individually and separate your gold jewelry by karat — determining whether or not you have a 10k, 14k or 18k piece of gold to pawn or sell.
Step 3: Determining the Value of Your Gold to Pawn
After evaluating your gold, we will consider the brand and how well made each piece is. Besides the value of the metal itself, we will check for designer marks from luxury designers like David Yurman or Rolex, as this will increase the value of your gold you’re looking to pawn.
Step 4: Weighing Your Gold
When we weigh your gold, we separate it by karat first and use a certified, sealed scale. This ensures that the weight is accurate. The items will be weighed in pennyweights. After weighing, we will check the spot price of gold for an updated price.
Step 5: Getting an Offer for Your Gold
After we multiply the weight of the gold by the current market price, we will immediately give you a no obligation cash offer for your gold, or let you know the value if you’re looking to pawn it. We will never force you into accepting an offer, but we are proud to offer high payouts to customers both for cash sales and pawn loans.
We Purchase All Karat Purities
Unlike some other pawn shops, our gold pawn shop in Quincy, MA will accept any karat purity items when we buy gold. Just come right to our store and one of our experts will explain the entire gold buying or pawning process and individually evaluate your pieces. Unlike other places, we will even purchase 10k gold and silver.
What Gold Jewelry Do We Accept?
We accept many different types of gold items to buy or pawn.
Whether you’re looking to sell your gold or borrow money for a short term (as little as 4 months), you can count on The Jewelers & Loan Co. We will provide you with a free, no obligation gold appraisal for your jewelry, coins, or other valuables.
We have years of experience and are fully licensed in the gold buying business. Our brokers and buyers of gold are always here to assist you and answer any questions that you might have about your items, how valuable they are, and how you can get started.
Pawning Your Designer Gold Jewelry
Selling or pawning your designer gold jewelry is different than just any gold piece, and it will significantly affect your offer. Pieces from sought-after designers like Roles, David Yurman, or Tiffany will fetch a higher price than just the weight and quality of the gold might indicate. It’s important to work with someone who is knowledgeable about these pieces.
We will evaluate the designer, style and condition of the piece that you bring to determine the value, since we resell many designer pieces from our gold pawn shop. This will allow you to get a higher offer when selling or pawning your gold.
How to Sell Your Gold Bracelets
Got some gold bracelets hanging around that you don’t wear? Bring them to us and our gold pawn brokers can evaluate it right away. The value of gold bracelets is dependent on the karat purity and weight. Often, bracelets may be thicker and heavier than other gold pieces, which means that they will be worth more if you’re looking to pawn or sell your item.
We Buy Gold Chains and Necklaces
Gold necklaces and gold chains are some of the pieces we typically see in our gold pawn shop. The first thing we will do is determine the karat purity of the piece.
For necklaces, it’s important to note that the chain and the pendant on your necklace may be two different karat purities. Our experts will evaluate and weight the two items separately.
Then we will check the gold spot price for the day and give you the total value of your gold necklace to pawn or sell.
Pawning Gold Rings for Cash
While gold rings may be smaller than other jewelry pieces, they are often quite heavy. Since they have a lot of gold content, they are a popular choice for gold pawn loans.
As with other gold pieces, we will look at the karat purity of the gold ring, and also consider the value of any precious gems that are in the ring. Using the current market value of gold, we will make you an offer for pawning or buying your piece.
Do diamonds affect the value of my gold ring?
Absolutely! If your gold ring has diamonds or other precious stones, it will increase the value of the gold ring you’re looking to pawn or sell.
Getting Cash for Gold Pendants
Gold pendants, whether they are heart-shaped, gold circle pendants with diamonds, or any other shape, can add up quickly in value, even if they are missing the pin or chain. When you’re looking to pawn a gold pendant, we will first determine the weight of the piece and the karat quality. Then we will use updated current market prices to determine the value of your piece and give you an offer.
We strive to make the gold pawning process as easy and fast as possible for you so that you can get back to your life.
Pawn Your Gold Earrings
You can use old gold earrings to earn extra cash or take out a pawn loan. Even smaller earrings might have more gold than you’d expect. Whether you have gold stud earrings, gold hoop earrings, or diamond earrings that you have grown tired of or you just want to get rid of from an ex, you can get cash or pawn them.
We will figure out if your earrings are 10k, 14k or 18k gold earrings, and then give you a cash offer. Even if you don’t have both earrings in the set, a single earring still has value if you are looking to pawn your gold.
How to Pawn Gold Coins at the Nearest Pawn Shop
Do you have gold coins sitting around in a safe deposit box? Not sure what to do with them? It’s unfortunate that sometimes these inherited pieces need to be used to pay for living expenses, but gold coins can be very valuable. You can sell or pawn your gold coins at The Jewelers & Loan Co. We purchase Indian Gold Coins, African Gold Coins, Chinese Gold Coins, Mexican Gold Coins, Russian Gold Coins, Canadian Gold Coins, South American Gold Coins, United States gold coins, and more!
There are numerous unique and rare coins that have value, including NGS, PCGC, Graded Investment Grade Coins, American Buffalo Coins, $20 Liberty Gold Coins, and “Double Eagles.” We keep an updated list of the current market value of these sought-after gold coins and can make you a cash offer or let you know how much they are worth to pawn.
We Pawn Gold Charms and Charm Bracelets
Do you have gold charm bracelets that you don’t wear? These items can be a great choice for short term pawn loans. We will separate your gold charms and bracelets by karat purity, as the bracelet may be higher quality than the individual charms. This gets you more money for the gold items you have.
We will sort your gold items by karat purity, check the current spot price of gold, and then give you a no-obligation offer for your gold bracelet to pawn or sell.
We Offer Cash for Men’s Gold Jewelry
At our jewelry pawn shop in Quincy, MA, we see a lot of men’s gold jewelry from gold rope chains, Figaro chains, Cuban link gold bracelets. Whether you have pocket watches and rings to tie bars and cufflinks — men’s jewelry can be a great way to earn cash for the gold that you have.
When compared to daintier gold jewelry and women’s gold pieces, men’s jewelry tends to be bigger, heavier and stronger than other pieces. With this in mind, men’s jewelry tends to hold a higher resale value because a much heavier piece of jewelry means you have gold to sell!
After you bring us your men’s jewelry, we can weigh it, determine its karat purity, and use today’s gold prices to make you a cash offer on the spot. It’s so easy to earn cash for gold jewelry in a pinch.
Do you have Gold Omega Jewelry? We Buy It!
Gold omega jewelry pieces are particularly great investments with generally high resale value. This can be attributed to the thicker and heavier construction with gold all the way around the piece. If you suspect you are holding onto gold omega jewelry, visit our Quincy, MA pawn shop. We would be happy to offer you a free assessment.
We will weigh your omega gold necklace or omega bracelet and determine how much gold you have and what purity it is. Then, using up-to-date information on gold prices we will make you a cash offer for your gold right on the spot. No obligation. No pressure. Just a cash offer you can take or leave at your convenience.
Can I sell scrap gold jewelry for cash at local pawn shops in Quincy, Massachusetts?
At The Jewelers & Loan Co. of Quincy, we are always happy to take gold jewelry in any condition for cash on the spot. We are proud to offer premium cash payouts for your antique, neglected, unwanted gold jewelry and more. We don’t limit ourselves to gold jewelry either, we proudly accept scrap gold, broken gold, even gold that may be unusable. If you have scrap gold, we may be able to make you a cash offer for it. Cash for Gold is a great way to turn your unused gold items into fast cash you can use. In addition to our Cash for Gold services, we also offer custom jewelry design, pawn loans, diamond engagement rings, and pawning of loose or broken diamonds, sterling silver flatware, sterling silver jewelry, silver and gold coins, luxury Rolex watches, old antique currency, paper currency, and even old-tired houses we can purchase!
We’re also able to help identify the karat purity of your scrap gold items. Once we are able to determine the weight and karat purity of your items, we will cross-check the current spot gold price to give you an instant, no-obligation cash offer.
We Buy International and Non-American Gold Jewelry Too!
We are proud to accept gold in virtually any condition, even international and foreign gold. If you have foreign gold, international gold jewelry or gold coins, we would be happy to make a cash offer today.
Each country has its own standard on gold karat purity levels. As such, different countries may use different stamps to authenticate their gold. In America, 10k jewelry is the lowest karat purity commonly available, while in Europe a piece of jewelry can be 9K (.375 stamp). At The Jewelers & Loan Co. Quincy, we are pleased to help you identify the karat purity of your foreign gold and make you an offer, no matter what country it was made in.
We tend to see the most gold from the following countries/regions:
- Portuguese Gold or Brazilian Gold
- Russian Gold
- Saudi Arabia Gold
- India Gold
- European Gold
- Italian Gold
- Chinese Gold
- Malaysian Gold
- Vietnamese Gold
- Mexican Gold
Using their years of expertise, our gold buyers can weigh your items, cross-check market rates, and guide you through the gold pawn process, no matter where the items came from.
What Is the Difference Between A Troy Ounce and an Once Measured on an Avoirdupois scale?
It may sound confusing initially, but it doesn’t have to be. The Avoirdupois scale is the standard tool for weighing ounces. There are 16 ounces in a pound. The Avoirdupois scale is the scale most people use when they check their weight.
On the other hand, a Troy Ounce is used exclusively to measure precious metals. You will likely only encounter the Troy Ounce during conversations about gold, silver, platinum and other precious metals.
One Troy Ounce is slightly heavier than a standard ounce on the Avoirdupois scale.
The Troy Ounce is roughly 10% heavier than the standard ounce. So, if you have 10 ounces of gold, it would weigh more than 10 ounces of chicken.
It becomes more confusing when you discuss the Troy Pound in comparison to the Avoirdupois pound. The Troy pound doesn’t subscribe to the same definition as the standard pound. While there are 16 ounces in a standard pound, there are only 12 Troy Ounces in a Troy Pound.
How Many Grams are in a Regular Ounce vs a Troy Ounce?
The Troy Ounce is unique to gold, while the regular ounce is used widely across various industries. A Troy Ounce has approximately 31.1 grams in each ounce. You’re likely more familiar with the standard ounce, or Avoirdupois Ounce, which has 28.35 grams per ounce.
Stop By Our Gold Pawn Shop in Quincy, MA Today
If you have gold jewelry or gold coins, we are happy to provide convenient, safe and secure pawn loans. For years, we have proudly served residents in Massachusetts, including those from Boston, South Shore, Quincy, Dorchester, Milton, Braintree, Hingham, Cohasset, Weymouth, Randolph, Holbrook, Rockland, Abington, Hanover, Norwell, Marshfield, Pembroke, Hanson, Whitman, Mattapan, Lower Mills, and elsewhere in Plymouth County.
Follow the links below to find out more about how our specialists can help you get the most value for your other items:
- Cash for Gold
- Cash for Jewelry
- Cash for Silver
- Rolex Watch Buyer
- Pawn Jewelry
- Pawn Silver
- Pawn Diamonds
For more information about the Cash for Gold process and other pawn items, reach out to us today!
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