# What Will Pawn Shops Pay For Gold?

And 14 karat gold will “scrap” at \$23.50 per gram.

## How much will a pawn shop give for 14k gold?

14K Gold is similar to 58.5% gold. Multiply 0.585*21.4 to get 12.51grams. Afterward, multiply the resultant value (12.51) by the current price of gold to get the approximate value pawnshops is likely to offer you for your piece of jewelry.

## How much do pawn shops give for gold rings?

For example, as of the day of writing this article pawn shops pay around \$1250 for an ounce of pure gold. If you have 10k gold jewelry, you can sell it for \$16.35 per gram, and 14k gold jewelry can be sold for 423.50 per gram.

## How can I get the most money for pawning jewelry?

Here are 5 tips to keep in mind when pawning jewelry.

• Know the Value. You should know the value of what you have before you step foot in a pawn shop.
• Always Negotiate. You can negotiate for a better price.
• Presentation Matters.
• Know the Gold Prices.

## Who pays more for gold pawn shops or gold buyers?

On average, our customers say pawn shops offer to pay anywhere from 20%-70% of the value of your items. Jewelers offer to pay anywhere from 40%-75%. And precious metal buyers (like us), pay anywhere from 55%-95%. You can see those percentages overlap a bit, but the spread for pawn shops is concerning.

## How much is a 14k gold ring worth?

Now, since 14K gold is only 58.33% actual gold, we divide the per gram price of pure gold (\$37.531) by 0.5833 to arrive at a 14K gold price of right at \$21.92 a gram. Now you multiply the weight of the ring in grams by the price per gram at 14K, and you have the spot price of your ring.

## What is a gram of gold worth?

Current Gold Gram Bar Values

DescriptionGold Value (USD)
1 gram gold bar\$49.14
2.5 gram gold bar\$122.86
5 gram gold bar\$245.72
10 gram gold bar\$491.45

5 more rows