THINGS TO KNOW ABOUT PAWN SHOPS
February 26th, 2012JEWELRY BUYERS TIPS/JEWELRY SELLERS TIPS
Due to lack of employment, foreclosure rates, as well as a reluctant to recovery economy, PAWN BROKERS are discovering their PAWN SHOPS full of higher income men and women ready to exchange higher end products for quick cash. The truth of the matter is Pawnshops are lending firms that swap cash for merchandise. If a person fails to pick up their merchandise the PAWN BROKER have all rights to sell the goods. If the participant come back to claim their merchandise, the pawn broker collects a 20 percent fee on the cash that was loaned. if no one claims the item(s) in 60 days it goes up for sale to the public. This is a very good business for a Pawn Broker a fast and easy way to not only make cash, but a way to boost his/her inventory. But one may ask, how much of a benefit is it for the person walking in the Pawn Shop with the Jewelry? are they obtaining a loan based on the true value of their GOLD, SILVER,DIAMONDS? Well to know this one must have a complete understanding of GOLD, SILVER, DIAMONDS and what its true value is based upon. For more info on JEWELRY BUYERS TIPS and GOLD AND DIAMONDS CLICK HERE!
PAWN BROKER/SHOP TECHNIQUES
Example: Ten-karat gold means that it has 42% gold content and 58% other metals. Fourteen-karat gold is actually 58% pure gold and about 75% of the content of 18-karat jewelry is gold. Alloys are added to gold to harden it. Alloys are metals made by mixing two metals together, or a metal and nonmetal together. It is the most commonly used type of metal. The different tones of yellow gold are made by alloying gold with varying proportions of silver and copper. A high percentage of copper gives pink or rose gold its color, while the alloying metal in 18K green gold is practically all silver.


