Jewelry Pawn Shop
Visit Our Jewelry Pawn Shop in Quincy, MA
At The Jewelers & Loan Co., we are proud to be a cash for gold jewelry store. For generations, gold has held its position as one of the most valuable precious metals on the planet. As such, gold has been a crucial part of the economy and at times, it’s even been used as currency. In modern times, much of the world’s gold has been used to create fine jewelry and household items. Unfortunately, not all of the gold jewelry in the world is being worn to its full potential and more than you’d expect, people have rings, gold chains, bracelets, necklaces, and brooches simply going neglected in dusty drawers or safety deposit box. If this sounds like you, it’s always a great time to consider pawning or selling your broken bracelets, brooches, earrings, or other gold jewelry. You may even see something you like in store and consider an exchange or upgrade.
We service the following areas throughout Massachusetts:
- South Shore
- Lower Mills
- Plymouth County
Many people inaccurately assume that only bars of solid gold hold immense value. While it is true that much of the world’s gold has been used to make jewelry, even small pieces of jewelry can be incredibly valuable. Small quantities of gold jewelry can be worth hundreds of dollars with brand name and pure gold jewelry can get you thousands of dollars. Over 50 percent of the world’s gold is found in gold jewelry, but around 40 percent of gold jewelry is purchased as an investment. Stocks, businesses, and other forms of investment can be inherently insatiable, while gold has proven for centuries that it retains value. While gold prices can fluctuate year to year, even day by day, it’s always a good time to appraise your gold jewelry, consider a pawn-loan, or sell your neglected gold pieces.
Come pawn rings, bracelets, necklaces, brooches, and more at our local jewelry pawn shop!
The History of Gold and Pawn Shops
Much like a gold pawn shop, the history of gold has its origins in securing loans between creditors and individuals. In the centuries past, lenders would accept gold coins as collateral for tradesmen like farmers, blacksmiths, and other occupations as well as aristocrats. At The Jewelers & Loan Co., we seek to hold an appreciation for the history of gold in all that we do. We have high hopes for the future of pawn shops, and pawn loans. We believe that there is a place for it in pawn shops, jewelry stores, and financial institutions. If you are interested in more information about the history of gold and our hopes for the future, we are happy to talk more about gold and its future use in the pawn industry throughout the GoldPawnerShip vision.
We seek to help Americans reconsider the light they view pawn shops in. Unfortunately, a lot of American view jewelry pawn shops with a negative connotation. At The Jewelers & Loan Co. Quincy, MA, we want to bring Americans up to speed with the rest of the world. Many places in Europe and India have acted as resources for individuals to secure fast cash infusions and access pawn-loans by borrowing against their valuables, such as jewelry. In other areas of the world, borrowing against your gold is considered a prudent and financially wise decision when you are in need of cash flow. Abroad, gold tends to be purchased as an investment for this reason and we hope to share that wisdom with Americans everywhere. In America, the most common form of gold tends to be fourteen karats, which is .585% pure gold with the remaining concentration being made up of copper, zinc, palladium, and silver alloy for added durability.
Our customers come from Quincy, Boston, Milton, Dorchester, Weymouth, and the south shore of Massachusetts, but we want to welcome people from everywhere to participate in our GoldPawnership vision. If you are interested in traveling to our Quincy, MA, pawn shop to sell your unwanted gold pieces of jewelry, possibly dental gold, we accept virtually any condition. It’s simple to come to our shop with your loose jewelry in a bag or pouch of your choosing. If you would rather pawn your pieces online, we offer that too!
How does the karat purity affect the value of my gold jewelry?
Customers looking to have their gold jewelry organized by karat purity, weight, and using the current gold spot price to get an accurate cash selling price for their gold jewelry can come in during normal business hours, FedEx their items, or simply make a private appointment by calling us at 617-479-GOLD (4653).
We offer short term pawn loans for customers who want to use the value of gold (or many other What we Buy & What we Pawn Items) to get some temporary cash in their pocket for personal cash flow needs. Simply put—we buy and offer short-term loans. Gold collateral pawn loans are safe, secure, confidential, and require no credit check. We believe in safe and confidential transactions and 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.
While pure gold itself is precious and often quite expensive, not all gold is created equally. The gold that most people have sitting around in their homes in the form of high school rings, college rings, masonic rings, or fraternity rings is likely 10k, .417, 417%. So, before you decide to sell, it is important that you are able to determine the value of the gold that you have, so you can make the most informed decision possible when you are interested in pawning or selling your gold.
Understanding The Daily Spot Gold Price and How It Affects Cash For Gold
We believe in making cash for gold services and other pawn shop services accessible to our customers. As such, we conveniently display the The Gold Spot price chart along with Silver Spot Price, Platinum Spot Price, & Palladium Spot price on our website at all times. If you need assistance or you are new to the cash for gold process, we are happy to assist you with all your needs. Though we seek to make the process simple and straightforward, unfamiliarity with the practice can cause confusion. Before you consider pawning your gold jewelry, gold bullion, gold wristwatch, gold bracelet, gold chain, gold pendant, or broken earrings, you should always spend time determining an estimate of its value to avoid being caught off guard.
The daily spot price for precious metals fluctuates daily during business days. Every Monday through Friday, the daily spot price is based on the day’s trading of gold future contracts and physical gold reserves. The gold market spot price is the backbone for the world’s daily cash for gold services as well as the cash and check prices paid out by jewelers, pawn shops, pawnbrokers and gold buyers every day. Everyday second-hand gold purchases are determined by the spot-gold price.
Why should I check today’s spot gold prices before cashing in my jewelry?
As mentioned above, it is always smart to check the daily spot gold price before you consider selling, pawning, or exchanging your gold pieces. The daily spot price is based on the current price of pure 24 karat gold or .9999 troy ounce (ozt). One troy ounce is the same as 31.1 grams. While you should always elect to work with a pawnbroker you trust, it’s important to have a basic understanding of the daily spot price for silver and gold for yourself.
Much like gas prices and the stock market, the price of pure gold ebbs and flows with the changing economic conditions. For this very important reason, we encourage everyone considering selling their items secondhand or appraised to check the spot gold, silver, and platinum price.
Today, the value of gold can be one price, but tomorrow it can change. Over decades, this price can fluctuate even more dramatically.
Having knowledge of the daily spot gold prices can help you determine the best time to sell your pieces. In general, it’s always a great idea to use our convenient gold calculator for an estimate of the cash value on your gold jewelry or any type of gold you may have, so that you aren’t caught off guard by any surprises.
How To Go About Determining the Value of Your Gold
If you are new to selling your gold for cash or you have never been in a pawn shop before, it can be daunting to think about going into a pawn shop if you don’t have a basic understanding of the value of your items. At The Jewelers & Loan Co., we strive to make it a very simple process for you and all our customers. While there are plenty of gold calculators that can give you a more exact estimate, there are some general guidelines that can simplify your expectations. In general, the heavier the gold and higher the karat purity, the more value that jewelry item should hold. To understand your item’s purity, the rule is that the higher the karat number, the higher percentage of pure gold in the item. For example, 24k gold has a higher karat purity than 14k gold.
Some people inaccurately assume that a lesser value item will be worth more if it’s in good condition and by the same token, some people also inaccurately assume that a big ticket item is worth less if it’s damaged, broken, or in otherwise poor condition. Condition doesn’t necessarily have a strong bearing on the value of your pawn items. In general, the appearance of the piece is less important than the quality of the gold or the karat purity, the weight in grams, pennyweights, or troy ounces and the current spot gold price of that day. In addition to weight and karat purity, brand name and the inclusion of precious stones and other metals can boost the value of your piece.
At the Jewelers & Loan Co., we are always happy to provide you with a free, no-obligation gold jewelry appraisal. Our appraisal process is generally free, but if you have a large quantity of jewelry and it requires sorting or additional time, we may need to include a small fee.
How can I maximize the cash I receive for my gold or gold and diamond jewelry?
Occasionally, we recommend researching and pursuing other outlets if you want to get the most amount of money for your jewelry. If you choose to pursue other outlets, it’s important to only stick with reputable websites and retailers. The reputable websites we might recommend include Ebay, Facebook, Etsy, PoshMark, and others that might pay more than a local jeweler would otherwise pay.
Jewelry that features diamonds with less than a total weight of 1 carat are a great candidate for online listings. In general, people tend to purchase their jewelry on impulse or for the aesthetics of the piece they admire. If you remember from above, over 40 percent of jewelry purchases are made as investments. If you want to maximize the value of the money you receive from pawning your unwanted jewelry, it’s always a great idea to consider investing or upgrading in a piece of jewelry that will garner high resale value. When you purchase gold, you should aim to buy based on purity and weight.
Many customers do not have a deep understanding about the intrinsic value or the resale value of the pieces they purchase. Unfortunately, many people aren’t forced to understand the resale value of their jewelry pieces until they go to sell them. It may cost more money upfront to purchase a quality piece, but if you make your purchase with weight and karat purity in mind, you are setting yourself up to get a solid return on your investment in the future. Gold plated items Are always a no-go from an investment perspective. These items do not hold their retail value and it’s important to avoid this red flag if you seek to make investments in your jewelry collection.
I got my ring from a big box jewelry store like Kay Jewelers, Zales, Jared’s. Why can’t I get what I paid for it?
When compared to smaller and locally owned jewelry stores, big box retailers such as Kay Jewelers, Zales, Jared’s, or Piercing Pagoda have a tremendous amount of overhead costs for payroll, mall rental fees, and other promotional costs. Unfortunately for the customer, these additional costs are usually reflected in your jewelry’s retail price, but not in the resale value. cost so much yet I cannot get anywhere near what I paid for it?
Independent jewelers are able to provide a better and more personalized experience than the big box retailers with employees who have little vested interest in their company and customer experience. At The Jewelers & Loan Co., you can trust that your diamond buying experience will be personal in a way that big box stores simply cannot replicate.
My piece looks like gold, but how do I know if it’s real gold?
Unfortunately, not all that looks like real gold is actually genuine. For this reason, you must be careful when determining if an item is authentic. Though it is important to check for stamps, not all stamps denote the same meaning and a stamp doesn’t necessarily mean you have genuine gold either. Gold-filled jewelry and gold-plated jewelry can give the appearance of real gold, but in reality these items are gold mixed with copper, gold stamped, and inflated karat genuine gold. The result is a lesser value than if the same piece were solid gold.
Though not all stamps are created equally, the best way to determine authenticity is to check for a stamp or karat mark. You can check for a karat mark 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. Some items may be too small to be stamped, so it’s always a good idea to have your items appraised by a jeweler wherever possible.
Karat numbers are typically stamped as 18k, 14k or 10k. If you ever see a 24k stamp on jewelry, this is a red flag. Pure gold is much too soft for the durability required of jewelry. You may see other stamps outside the typical karat stamp. These numbers may include 750, 417, 585, 916, 999, 375, and in some rare cases the words “gold plum.” If your item is stamped, you should feel confident that you are holding onto real gold, but far too often, we see people come in thinking they have real gold since they purchased it or inherited it from a loved one, only to be disappointed when they find out they don’t actually have real gold.
As always, we are happy to take a look at your gold jewelry, gold coins, or any other pawn jewelry you may have in your possession at our Quincy, MA shop. If money is tight, or you are decluttering your home to make room for the bigger and the better, you might be surprised how quickly even small amounts of gold can add up to significant funds.
What is the difference between the different karat purities?
To put it simply, there are a number of different karat purities, but the most common karat purities found in jewelry at 18k, 14k, and 10k. If you understand that 24k is pure gold, it’s easier to understand the ratios in the lesser karat purities. Ten karat gold is approximately 10 parts per gold, which equates to 41.7% pure gold. To calculate the percentages of real gold in the other karat purities, divide the given karat purity by 24k. Following this calculation, 14k gold is 58.5% pure.
Twenty-four karat gold is rarely, if ever, found in real gold jewelry as it is too soft. If you suspect you have 24k gold, it’ll likely be in the form of a coin. Gold coins are especially common in India, China, Russia, Europe, and South America while American gold is typically limited to 10k, 14k and 18k.
Even though 18k gold is not considered pure gold, that doesn’t mean it doesn’t hold value. Eighteen karat gold holds 75% pure gold with limited concentrations of copper, zinc, palladium, and silver to strengthen the piece. In general, you can always remember that the higher karat purity the more your piece will be worth in resale value. Ten karat gold has a higher concentration of other metals than it does gold. With only 41.7% pure gold, 10k gold tends to be the least valuable of the gold people have collecting dust in their homes.
585, 417, 750, or 375 Stamp on Jewelry. What Does that Mean?
These different stamps represent its karat quantity. This same equation can be applied to each stamp’s value. The higher the value, the higher the karat quantity.
What is gold filled or gold overlay jewelry?
In order to qualify as a gold-filled piece, also known as gold overlay, 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. Gold filled items typically do have a cash value since a certain amount of gold needs to be used to create these pieces..
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.
Selling Your Gold in Our Quincy, MA Pawn Shop
If you want to sell 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 Sell
Bring your gold jewelry that you have lying around or have no use for to our shop or request a FedEx label.
Step 2: Evaluating and Separating Your Gold jewelry
We’ll carefully examine the gold jewelry you want to sell, pawn, or trade-in.
Step 3: Determining the Value of Your Gold to Sell
After our assessment, we’ll use sophisticated methods to determine the quality and value of your items.
Step 4: Weighing Your Gold
We’ll do a final weigh to ensure you get the best deal possible!
Step 5: Getting a Cash for Gold Offer
We’ll offer you an on-the-spot, no-obligation cash offer for the gold jewelery you want to sell!
We Buy All Karat Purities
We are happy to accept all karat purities. We also buy 10k and sterling silver, which a lot of stores will not purchase.
What Gold Jewelry Do We Accept?
Here at our Quincy, MA pawn shop, we buy gold from customers who have all types of items to sell.
If you are not sure where you should sell your gold or are looking for an option to borrow cash short term (4-month borrow term*)—we are here to help. Here at The Jewelers and Loan Co. of Quincy, MA, we proudly offer free, no obligation gold jewelry appraisals for all of your gold pieces.
We are fully licensed and have years of experience in the gold buying business. Our gold brokers and gold buyers are always here to assist you and answer any questions that you may have about your items, their value, and how the process works.
Selling Your Designer Gold Jewelry
Selling your designer gold jewelry is a very unique process and one that can help you earn even more cash for the gold that you have. When you bring in a name brand piece, such as Tiffany, Rolex or David Yurman, we will not only look at the quality and weight of the gold, but we will take other factors into account as well.
We resell many designer pieces right here in our Quincy, MA showroom and we know that sometimes these designer pieces are literally worth more than their weight in gold. We will look at the condition of your piece, the designer and the style of your item so you can get even more cash for gold right on the spot.
How to Sell Your Gold Bracelets
Do you have old gold bracelets floating around the bottom of your jewelry drawer? If you do, one of our gold buyers can offer you a free estimate right on the spot. With gold bracelets, we always start by looking at the karat purity and then weigh the piece to see how much gold there is. Then, of course, we multiply that by the current gold rate in the market.
The great thing about bracelets is depending on the style and thickness of the piece, your gold bracelets may actually weigh more than you think—meaning more cash in your hand. A general rule, the heavier the gold the more cash you receive.
Our Pawn Shop Buys Gold Chains, Necklaces, and Other Jewelry
We handle lots of gold chains and necklaces in our shop. When our gold buyers look at gold chains and necklaces, they are first looking at the overall karat purity.
The chain and the pendant on the necklace may actually differ when it comes to karat purity, so our expert gold brokers will examine both items and then weigh them to determine the final amount of gold in the piece.
After we check the daily spot gold rate, we will provide you with a cash offer right on the spot for your pieces.
Selling and Pawning Your Gold Rings for Cash
Gold rings may be some of the tiniest pieces customers want to trade in for cash. But sometimes they are the heaviest as well. There can be a lot of gold content in rings, which is why they are such a popular item to both sell and pawn-loan.
With gold rings or any piece of gold jewelry you are looking to sell, we will look at the karat purity, weight of the piece and the current value of gold in the market, before we make you a cash offer.
Does your gold ring also have diamonds in it?
If your gold ring has diamonds in it, it can change your offer. We can present you with an appraisal that factors into the diamond, or one that just accounts for the gold.
Getting Cash for Gold Pendants
If you have gold heart or circle diamond pendants sitting around your home, know that this can mean cash in your pocket — even if they are missing the chain or pin! Our buyers will take a look at your gold pendants to determine their karat quality and the item’s weight. Then, we’ll use market prices to make a competitive cash offer.
Make the process as easy as possible, so you can get in, get out and get your cash quickly as possible in under a few minutes.
Sell Your Gold Earrings
Gold earrings are a fantastic way to get some cash for gold you have no use for. Even seemingly small earrings can have a lot of gold weight! Gold hoop, stud, and diamond earrings can be of great cash value.
Once we weigh the items and assess whether you have a 10k, 14k or 18k gold earring, we will make you a on-the-spot cash offer. You don’t even need the full matching pair. This means you can make cash off that one mismatched gold earring you are still hanging on to.
How to Sell Gold Coins for Cash to the Nearest Pawn Shop
Many people have gold coins sitting around. Maybe it’s in a safe deposit box, or inherited. If you want to sell gold coins for cash, look no further! We purchase gold coins from all over the world, including Russia, Africa, Canada, China, India, South America…the list goes on!
There are lots of rare, unique, and valuable gold coins out there right now, ranging from American Buffalo Coins and PCGC, NGS, Graded Investment Grade Coins to $20 Liberty Gold Coins and even “Double Eagles.” We have an extensive, up-to-date list on-hand of what all of these coins, including the rarest gold coins in the market are currently valued at by using the daily price sheet for coins.
We can make you a cash offer on your gold coins so you can walk away with real currency in your pocket.
Pawn Gold Charms and Charm Bracelets
Gold charm bracelets can be excellent pieces to sell to our pawn shop when you want cash for gold jewelry. Many times, a gold bracelet may be higher quality than the charms collected — meaning even more cash for your gold jewelry! After weighing your bracelet and charms and comparing them to the up-to-date value of gold, we’ll make you an offer.
Cash for Men’s Gold Jewelry
Men’s jewelry tends to be bigger, heavier, and stronger than most other pieces. If you have a heavy piece of jewelry, this means you’ve got more gold to sell! Bring in your men’s gold jewelry and we’ll assess its karat purity, weigh it, and look at current gold prices to make you a cash offer.
We Pawn Gold Omega Jewelry Pieces
Gold omega jewelry tends to be thicker, heavier, and have gold all the way around the piece. Come bring it to our shop and we’ll weigh your omega gold necklace or bracelet to determine how much gold you have and its purity. Then, we’ll make you a cash offer!
Selling Your Religious Gold Jewelry
Often, religious jewelry is made with high-quality precious metals. Whether you have a religious cross, pendant, or ring you’re looking to sell, we can inspect your gold religious jewelry and make you an instant cash offer.
After determining the karat purity, we’ll weigh your item and look at the current gold prices to create a personalized cash offer.
How Do I Sell Scrap Gold Jewelry for Cash to a Local Pawn Shop in Quincy, MA?
At our establishment, our buyers offer high cash payouts for your old, broken, or otherwise undesired gold jewelry. But, we don’t exclusively deal in gold jewelry. If you have scrap gold that’s broken or you suspect is unusable, we can help make a cash offer on the spot for your scrap gold! We specialize in buying, loaning, and pawning gold jewelry, diamond engagement rings, diamonds, sterling silver items, gold coins, luxury Rolex watches, currency, and more!
We Buy Foreign Gold Jewelry
If you have foreign gold jewelry or coins, we can make you a cash offer today! Different counties have varying standards when it comes to gold karat purity. Here at our pawn shop, we are happy to make you an offer on your gold jewelry, no matter what country it was made in, including France, Portugal, Russia, Saudi Arabia, India, Italy, Chinese, Mexico, Malaysia…the list goes on!
Our buyers have experience dealing with foreign gold and will weigh your items, turn to market rates, and get you the best cash offer for your international gold.
What Is a Troy Ounce Compared to a Measurement on an Avoirdupois Scale?
We understand it may come off a bit confusing. Standard measurements in today’s world use an Avoirdupois scale. With this system, there are 16 ounces per pound. It’s the scale most individuals use to weigh their body.
A Troy Ounce, comparatively, is completely different. The Troy System is used to measure precious metals, gold, silver, and platinum.
A Troy Ounce is heavier than an avoirdupois ounce.
The Troy Ounce used to measure gold, silver, and platinum is about 10% heavier than your standard ounce. For example, if you have 10 ounces of gold, it would weigh more than 10 ounces of chicken.
However, a Troy pound weighs less than an Avoirdupois pound or standard pound. A Troy Pound has a totally different definition altogether. This type of pound has only 12 ounces in it, instead of 16. So, if you have 12 ounces of gold, you have a pound of gold.
How Many Grams are in a Regular Ounce vs a Troy Ounce?
A Troy Ounce, which is used to measure gold, has roughly 31.1 grams in each ounce. A standard ounce or Avoirdupois Ounce is made up of 28.35 grams.
Reach Out to Us Today to Pawn Jewelry
We pawn jewelry from residents throughout Massachusetts, including 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.
We offer a full range of services to help our customers get the most value for their items, including:
We invite you to stop by our local jewelry shop, where you can pawn rings, bracelets, necklaces, brooches, and more! For more information about how to pawn your neglected jewelry for fast cash, contact us today!
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