Can You Sell Gold Per Ounce to a Pawn Shop?


Quick Answer

Pawn shops buy nearly any amount of gold, including buying it by the ounce. Gold is valued per ounce, so pawn shops calculate the value based on the weight of the gold brought in.

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Full Answer

Other factors that help determine what pawn shops offer for gold include the purity of gold, the overall condition and the current market prices. Gold prices change regularly, which pawn shops need to keep an eye on. It is important that people selling gold keep track of the market prices to be sure they are getting a good price. Some pawn shops try to undersell the gold. It is also good to know the purity of the ounce of gold and its karats. This helps get the most accurate value possible.

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