February 29, 2020 - Jewelry & Luxury Items
If you’re into searching for lost treasure, there’s an old Spanish galleon at the bottom of the Caribbean waiting for you! It’s thought that the ship holds a goldmine (no pun intended) worth billions. But you probably are not good enough at diving underwater to uncover any mercantilist galleons full of treasure brutally stolen from indigenous Central Americans.
So why not dig through your jewelry box and find a few extra dollars? If you have a gold bracelet or two you could be sitting on your own goldmine! How much is a 14k gold bracelet worth? Read this hilarious yet informative mini-guide and find out!
(A great movie about finding gold is The Ballad of Buster Scruggs by the Coen brothers. It’s definitely uplifting and not deeply depressing, and you should watch it. On Netflix.)
Don’t get too excited about the value of your gold bracelet until you make sure it’s real. Real gold. Authentic fourteen karat gold jewelry should be clearly marked with a 14K stamp. The K stands for karat. This doesn’t always happen, but most of it is.
It’s Almost All About Weight
It doesn’t matter how beautifully your bracelet glitters on your arm. Gold sells by weight. If you’re selling gold to a pawn shop, unless it’s a very unique piece, the odds it will get melted down are high. It might sit on the shelves for a few months at retail prices, but if it fails to move, it’s going to be liquidated.
The person with the gold, makes the rules. What does this cryptic witticism mean? It means you should submit your gold on PawnGuru to get offers from multiple local pawn shops. Then you should take the best offer you get from the most convenient shop. It’s the fastest way to get the most money for your gold jewelry.
If you’re ready to sell your bracelet or another piece of jewelry, you can get started here.
David Stiebel is one of the cofounders of PawnGuru. David was educated at MIT, where he studied Math. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. He started PawnGuru to build a better tool for pawn shops and consumers to connect.More Articles