How does the pawn shop find out if 14k gold is 14k gold?

angel asked: Hundreds of people pawn and sell gold to pawn shops all the time but i m just curious how can the pawn shop tell if it’s what it is?

curtisports2 answered: They test it. Some shops use acid, the better shops use an electronic tester that will not damage the item. The K value of the gold is engraved on the jewel. One other thing, Let’s say you’ve paid $2,000 for a diamond ring at a jewelry, how much do you think their cost was? About $500. When it comes to pawn it, how much do you think you’d get? Lucky if you get $300, likely $200.

By Alexandre Laurent

Alexandre Laurentl is working in the jewelry and investment gold since 2002. Alexandre graduated from The Normandy School of Business and from the University of Perpignan a Bachelor of economics in 1995.

Leave a Reply

Your email address will not be published. Required fields are marked *