Do pawn shops deal in gold bars and bullion?

Gold bars and bullion have often been seen as an investment as gold is a great commodity that holds its value well and tends to increase with inflation so it can therefore be used to diversify your wealth and investments. But if you have invested in gold bars and bullion and want to release the money tied up in them where do you go?

What are gold bullions?

Gold bullion is a term that is used to describe very pure gold of all types which can include gold bars, nuggets or coins not just gold bricks which are traditionally associated with the term. What makes gold bars and coins bullion is that they are stamped with the weight and purity of the gold.

How much is my gold worth?

The value of your gold will depend on a few factors which include the current market value of gold (one of the largest influencing factors and reasons for fluctuations), as well as the current demand for gold and the individual value of the item based on its condition and quality.

Selling gold bars and bullion

If you want to sell your gold bars or bullion then a pawn shop is a good option if you choose a reputable and established pawn shop like GEM Pawnbrokers. Reputable pawn shops will follow all the area, state and federal laws and regulations, and will be experienced in handling gold. At GEM Pawnbrokers, we offer fair and competitive prices for gold.

If you want to get the best price for your gold the best tips are:

Firstly, do your research and understand what the current price for gold is although don’t expect to receive as high a price as that.

Secondly, present your gold in the best light by cleaning it up so that it shines.

And finally, don’t be shy and be prepared to negotiate as this is commonplace at pawn shops.

Why choose GEM Pawnbrokers?

GEM Pawnbrokers have been operating for over 75 years and are one of the largest pawnbrokers in the New York City area with 24 branches conveniently located across the New York City area. As a well established and experienced pawnbroker who is trusted within our communities for providing fair, competitive and friendly services, we are the pawnbroker of choice for many New Yorkers.

So if you are looking to sell your gold bars or bullion come and visit us in one of our 24 branches to see how much they are worth.