Get the Most Cash for Your Gold

by | Jan 31, 2013 | Shopping

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During these tough economic times, it may become necessary to sell some of your personal belongings as a way to pay for certain bills, bills like the rent or utilities. But putting your stuff on the internet to sell takes time, and sometimes time is not on your side. If this is you, did you know you can get quick cash for gold in Los Angeles by going to a pawn shop?

Pawning has been around for over 3,000 years. Today, many Americans without bank accounts use pawn shops as their mini-bank, and with over 12,000 pawn shops in the U.S., you are sure to find a reputable who will give you the most cash for gold in Los Angeles.

When you ‘pawn’ an item, you are giving that item to a pawn shop for a cash loan. Most loans are for three to four months at an interest rate between 6% and 25%. When you come back for your item, you repay the loan plus that interest and any fees. If you never come back, the loan is terminated, you keep the cash but you do not get the item back.

You do not have pawn your gold. You can get Cash for gold in Los Angeles by simply selling your jewelry outright to the pawn shop. Working with a pawn shop can be a win-win for both parties provided you deal with a reputable broker and understand some negotiation tips yourself.

The first tip is to find the right pawn shop. If you have gold to sell, do some research and find out which pawn shop will pay the most cash for gold in Los Angeles. If you are looking to sell an antique, then find a pawn shop who has experience dealing in antiquities.

The second recommendation is to be prepared to negotiate. Pawn shops are not in the business of collecting gold and other fine items. They are resellers. Educate yourself on the value of your gold jewelry and set a minimum acceptable amount before you engage in negotiations. If the deal is not to your liking, have the discipline to walk away.

The third tip when dealing with a pawn shop who will pay you cash for gold in Los Angeles is to have your gold jewelry appraised. Having a written appraisal to present the pawn broker will help increase the amount he or she is willing to pay for it.

Pico Union Pawnshop provides the best option to get the most cash for your gold, silver, platinum, diamonds, jewelry and coins in Los Angeles. Get in touch with them.

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