In Wisconsin, gold buyers provide cash incentives for consumers. The incentives assist in efforts to recycle gold to generate new products. The recycling process has produced thousands of tons of gold for jewelers worldwide. A local pawn shop participates in the cash for gold Downers Grove program to continue these efforts.
Where to Find Scrap Gold
Typically, any broken or unwanted gold jewelry that the consumers own is acceptable to most gold buyers. The current condition of the gold itself isn’t a concern as it is melted down during the recycling process. Consumers can bring in any gold jewelry they have to participate in the program.
Identifying the Current Price for Gold
The process of identifying the current price for the gold jewelry is based on the total weight and the current rates for the renewable resource. The pawn shops have a scale to measure the gold items and provide a fast appraisal. Typically, the price is based on a per ounce value. However, any items that contain gemstones generate a higher value for the consumers.
Promotional Events for Buying Gold
Select pawn shops may offer promotional rates periodically for gold sales. The consumers can bring their gold directly to the pawn shop to reap the benefits of the event. The pawn shop will provide information about any upcoming events that could provide the consumers with a higher resale value overall.
Cash Value or Store Credit
Consumers have two choices when selling gold jewelry to pawn shops. They could receive a cash value to use however they wish. However, select pawn shops may provide them with a store credit to use toward the purchase of items they sell every day. The pawnbroker could also provide them with a gift card for a loved one if they prefer.
In Wisconsin, pawn shops participate in programs to procure scrap gold for recycling purposes. The programs can help consumers get rid of items they no longer want and generate a cash payment based on the total weight. .
