Gold is an element that will always have value regardless of what is happening in the stock market. So, whether you are looking to sell your gold, or you are wishing to purchase some as a future investment for yourself or your family, Florida Pawn has two locations to help Floridians make the best decisions. You can either come to our Hollywood or Margate location to receive a fair estate when you decide to sell gold, or you can rest easy knowing that we will offer you to the standard rates when you are looking to buy gold for your collection or investments. Our team constantly studies the trends of gold value and can help answer any questions you may have about worth or appreciation of your pieces. Since 2010, Florida Pawn has strived to offer fair practices, top dollar prices, and great customer service. We are thrilled that Hollywood and Margate, FL have welcomed us as the best place to buy and sell their gold items.
Is buying gold a good idea?
Absolutely! Gold has maintained its value throughout the years, unlike its paper currency counterparts. The value of gold has actually gone up in the past while the U.S. dollar dropped. When the dollar starts to drop in value, traditionally people have entrusted their wealth of gold. It tends to perform in an opposing manner. Gold, as with any other investment in your portfolio, has had hard times, but in the long term, it has held its value longer than any other paper investment.
How do you sell gold?
Simply bring in your gold items to our Hollywood or Margate, FL locations and our team of specialists will value them and provide you with an estimate based on the current going rates for gold on the national scale. If you agree to this estimate, Florida Pawn will then hand you cash for your items.
What is the “Gold Fix”?
The value of gold is secured or “fixed” at two times of the day. There are currently six participating companies that reach the conclusion of these prices at 10:30 am and 3:00 pm. Goldman Sachs, Barclays, Bank of China, Bank of Communications, HSBC Bank USA, JP Morgan Chase, Morgan Stanley, UBS, Standard Chartered, ScotiaMocatta, and Toronto-Dominion Bank. These representatives work together to come to a conclusion that satisfies both sellers and buyers.
What is a karat?
This measurement system is used to evaluate the amount of pure gold in your pieces. The highest this scale goes is 24 karats, meaning that the item is pure gold, and the lowest amount your item can have to still be considered “gold” in the U.S. is 10 karats. One of our representatives at Florida Pawn will help explain the value of your gold in karats.
Are gold coins worth buying?
Gold coins carry a lot of risk when purchasing. There is always the issue of not getting what you paid for from the dealer, you could pay more and sell less than their worth. It is best that you thoroughly do your research before purchasing these coins. Not only should you research the coins themselves, but the dealer as well. You should also pay attention to the collector value vs the bullion value to make sure you are purchasing for the proper investment strategy.
What type of gold items does Florida Pawn purchase?
We take it all! Bring in your pieces so that one of our experts can evaluate and get you a professional estimate. If you agree to our purchase price, then we will give you cash on the spot!
How much should I expect to be paid for my scrap gold jewelry?
How much we can pay depends on the karat your pieces hold. We also take into effect the current value of gold on the market. We will always provide an estimate based on our evaluation. You can sell dependent on that or hold onto your pieces to sell at a later date. We will walk you through the entire process and not keep you in the dark. It’s always a good idea to research the Gold Fix before coming into our locations at either Hollywood or Margate, FL.
Bring Your Gold Pieces to Florida Pawn Today!
We have been buying and selling gold since 2010 and are happy to call Florida our new home. We started our business originally in New York and decided after a few years it was time to move down south. Come into one of Florida Pawn’s two conveniently located stores today and let us get you the best price for your gold! We are open 6 days a week and offer the most for your gold and other many items in our pawn shop.