Let’s Talk About Scrapped Precious Metal

Pawngo Scrapped Precious Metal

What Are We Talking About?

So what exactly is a precious metal? A precious metal is a naturally occurring metallic chemical element of high economic value. The more rare the metal, general the more valuable the metal. Precious metals can include gold, silver, platinum and palladium among others. Where before precious metals were relied upon as currency, they have evolved into investment and industrial commodities, as well as, you guessed it, jewelry.

Some Styles Aren’t Coming Back

Popularity in metal types can be cyclical, but there are just some styles that aren’t going to claw their way back from the depths of obscurity. Go ahead and take a look at any photo of your parents at a fancy dinner party. Odds are one or both of your folks are wearing some jewelry that you haven’t seen since the last time you watched Boogie Nights. Odds are that jewelry, if it hasn’t been lost to a move, is still sitting at the bottom of a jewelry box, maybe packed away deep in the bowels of a closet. Well, even if that jewelry is never going to experience another night on the town, it can be very valuable as scrap.

What Are My Options?

They are seemingly on every corner, modern day thespians swinging their “WE BUY GOLD” signs up into the air as they dance maniacally in front of a strip mall, but those seedy spots aren’t your only choice when looking to get rid of old gold & silver. Your options are as limitless as the internet. There are many tools out there to help calculate the value of your metals, however don’t expect to get market price if you’re selling to someone who deals in scrap. They need to make a profit to stay in business, so count on a substantial margin to be cut off the top of whatever your final weight may be. If you want to do the legwork yourself, sites like www.goldcalc.com and http://www.providentmetals.com/ can help you figure out how much your bounty is worth. After you have a price in mind, striking a deal with a gold buyer can be a lot easier.

Establishing Value in Scrap Metal

Whether you believe Chicken Little and think the sky is falling, that the dollar is on the brink of collapse, or you’re just a regular Joe who understands the benefit of investing in commodities, putting at least some of your cash behind scrap metal is never a bad idea. Scrap metal is often used as a hedge against economic turmoil and inflation, as its value is generally very stable. Scrap metal’s value can be determined using very simple tests right here in Pawngo’s lab to determine weight and purity. Age and rarity are also taken into account when deciding on value for scrap metal.

Best Practices for Pawning Your Scrap Metal

With Pawngo, getting the highest value for your scrap metal is easier than ever. Scrap metal, while a generally stable market, can still fluctuate. Pawngo will make sure you get fair market price for your scrap metal. The entire process is fully insured and with our secure facility, you can be sure that your items are safe and sound for whenever you decide you’d like them returned. Your loan terms are up to you and you can repeat the loan as often as you’d like. Click the button above to Get Started Now!

Share Article