: The broker checks the current spot price of gold—the international trading price—and calculates the value of your specific gold content (e.g., a 14K ring is only 58.3% gold). How Payouts Are Calculated
: Most pawn shops expect you to negotiate; bringing certificates of authenticity or appraisals can help you secure a higher offer. Do Pawn Shops Buy Gold? A Guide for First-Time Sellers how do pawn shops buy gold
Pawn shops do not pay the full market price because they must cover overhead, storage, and the risk of gold prices dropping. : The broker checks the current spot price