Over the years, it’s easy to build up a collection of gold and silver jewelry, dinnerware, coins, and other items that no longer do anything but take up space. During times of inflation in the economy, these precious metals' values tend to soar. If you're ready to part with these pieces and earn a little cash in the process, here's why a pawnshop is an ideal destination.

Why Bring Gold & Silver Items to a Pawnshop?

1. Convenience

Selling anything requires seeking out a particular market base that’s interested in buying the items. If you don’t know who’d be interested in purchasing a gold necklace or silver collectible coin, it can be difficult to get a price close to what the piece is worth. 

A pawnshop that specializes in these items already has an interested customer base, so they're often eager to buy on the spot. Most likely, you have one or more of these stores near your home, and it only takes a few minutes to call or stop by to get a quote.

2. Instant Cash

Pawnshops have been the go-to destination for fast cash for decades. If you don’t have time to put up an ad on the internet and wait for interested buyers, a broker can offer you a deal on the spot. Just know the value of your gold or silver item can vary based on the current market price and the fineness—the gold or silver content—of the piece. As the shop will have to resell the metal, expect a slightly lower rate that allows them to retain a profit margin. 

3. More Money

Well-respected pawnshops are staffed with experienced professionals who understand the value of the items they appraise. These individuals have to stay on top of market trends and keep an eye out for unique pieces they know their buyers will want. 

As such, their pawnbrokers are trained to offer fair prices to everyone who walks in the door with something to sell. Though the price will necessarily be less than 100% of the full value, you may still make more than if you tried to evaluate and sell the pieces on your own.

If you’re looking for somewhere to sell your coins, silverware, and other sources of precious metals, bring them to Gold & Silver Pawn in Hinesville, GA, now while the market is high. For 37 years, this family-owned pawnshop has provided fair and affordable prices on firearms, jewelry, and name-brand electronics. They provide a 30-day warranty on everything sold in the store and free appraisals for anything brought in to sell. Call (912) 876-6580 to speak to a team member and ask about their gold and silver buying process. Visit their website to learn more about their item selection.