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Buy and Sell Gold Opportunists Take Advantage of Uninformed Public
Glendale Pawn and Jewelry Expert Provides Valuable Consumer Tips
| Source: Glendale Pawn and Jewelry
PHOENIX, AZ--(Marketwire - October 15, 2009) - Glendale Pawn and Jewelry long-time manager
Stan Grossman warns the public to be wary of the growing number of
businesses that are emerging in Arizona and online who want to buy your
precious gold and jewels. In today's tight economy, more people are
selling valuable family treasures such as gold and diamonds for quick
cash. Today's high gold value has increased the number of gold buyers, who
may not always be looking out for the best interest of the seller.
With more than 40 years of experience in evaluating and pricing fine
jewelry, Mr. Grossman offers seven tips to consumers before they head out
to the hotel gold buying events or in-home jewelry for cash parties.
First, have multiple jewelry experts evaluate your trade value, not just
one person. Second, do not be lured by coupons and promotions, as you often
are giving up a per ounce value to pay for this reward. Third, know the
price differences in gold. Not only does the value of gold fluctuate daily
but there is also a variation in value based on karat. 24K gold is 100%
pure gold; whereas 14K is 57.5% gold with a mix of other metals. For this
reason, establishing the value of gold coins is easier than establishing
the value of jewelry.
The fourth tip is to understand gold and jewelry is a commodity. When you
sell them, there will be no sentimental factor included to the value.
Fifth, be realistic on the value you expect to receive, as there is usually
a three-to-four times mark-up on commercial jewelry when purchased at a
retail outlet. Sixth, the value of diamonds and other jewels is based on
quality and clarity as well as the popularity of the cut. A round
brilliant cut is worth the most today and will fetch much more cash than a
marquis cut of the same quality. Finally, if you are selling your treasures
to a pawnshop confirm it is a member of your state pawn association. This
may enable you to have some recourse in resolving any problems with your
transaction.
"There are so many places that people can sell their valuables today, from
putting it into a bag and shipping it off in the mail, hotel shows, home
parties and even new businesses in Arizona that have popped up overnight,"
warns Stan Grossman of Glendale Pawn and Jewelry. "The public needs to be
wary of gimmicks and seek a fine jewelry expert and trusted advisor with a
long-standing track record in the business community to fairly evaluate
your valuables."
There are several opportunities to get fast cash for gold and jewelry
today. The public is best served by knowing what to expect and dealing
with an expert to maximize earnings. Glendale Pawn and Jewelry,
established more than 25 years ago, was the first pawnshop in the west
valley. The staff has received numerous community awards for its
outstanding business practices and ethics, as well contributing to local
charities. Glendale Pawn and Jewelry is located at 6548 North 59th Avenue
in Glendale, Arizona. (623) 939-2107. www.arizonapawnshops.com