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Price On Gold & Rolex information in Pawn Shops

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From Quick Guide: Introduction to Men's Watches

Summary: How to know the price per gram of gold, as well as some information about selling Rolex watches in pawn shops; get expert tips an advice on how to buy, sell, trade, and save money in pawn shops in this free instructional video.

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By Luis Calle
eHow Presenter

Mr. Luis Calle has been in the jewelry and loan industry, also known as pawn shops, for several years now. What appeals to him most about pawn shops is that anyone can go in and get a...read more

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Video Transcript

"Hi, this is Luis for expertvillage.com and we're going to be talking about pawn shops. Today I'm here at Inland Jewelry and Loan. Even though gold right now is really high, it's like on a 20, 25 year high for, you know since like 1980 or 1970. We're still very reasonably priced. You go into the mall and you're going to pay about 40 to $50 a gram. In there you're going to pay about 18 to $20 a gram. So, that's where the price difference is and you're not going to lose if you buy jewelry in a pawn shop. The other thing is like I mentioned before, you buy something from us, it's probably most like going to double in the appraisal value. But the other bonus from us is if you buy in our store or in one of our other stores, we will loan you half on the spot and that's what keeps buyers coming back. Because say they buy a chain that is $3,000, we'll lend them $1500 on the spot. You know and that's how that works, that's another incentive that we give you as a customer. Of course we have bracelets, watches, we've got all kinds of things, we've got pre-owned Rolex's in here. Who doesn't want a Rolex? Everyone wants a Rolex. We've got pre-owned Rolex's that go anywhere from $2,000 up to $9,000 and it's all pre-owned stuff, it's all real stuff cause we check it, we open it up and we take a look at it and make sure that's it's all real. So, if you want a deal, pawn shop is the place to be."

eHow Article: Price On Gold & Rolex information in Pawn Shops

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