Pawning Metal Chains

[spathiphyllum]

Do they pawn them by weight only or do they take into account the fact it's been crafted so is worth a bit more than just weight of the metal

[retrocop]

Usually by weight. They also usually trot out the same old whine,if its precious metal,'Course I can only take it off your hands for the scrap value'

[spathiphyllum]

Seems a bit of a shame. Some chains can be worth a fair pinch but at scrap value could only collect £60

[retrocop]

Exactly.

[davebro]

If you're pawning them they would offer quite a bit less than they are worth - the supposition being you would want to redeem them at some future date.

[spathiphyllum]

What about full trade in like at cash converters or somewhere?

Instead of pawning (in the hope to later redeem)

[retrocop]

About 40 years ago it was a struggle to pay our mortgage. Not wanting to get into arrears I sold my Grandfathers Gold Double Albert with Gold Bloodstone fob. I got peanuts for it but it just kept us out of debt.
Lets say stopped us getting behind with our mortgage payments.
Every day since I rued the day I felt obliged to do that. Two weeks ago I purchased very similar, including a Hunter in Silver as I prefer silver to gold. Still not my Grandfathers though.

[davebro]

I think if you wanted to sell them you're best bet would be jewellers shop that deals in 2nd hand items.

If they were to go for melt dealers would take them to a bullion office but I don't know where these are or if they are open to the general public.

[spathiphyllum]

Cheers Dave!

Sad story retro... Thankfully i'm not in money issues, i simply have a chain that I wish was a ring.

[spathiphyllum]

Sad story may sound a bit flippant, but there was sincerity behind it!

I can imagine that being a sad, and wanting the original back ever after

[hc4361]

Spath, you could get the chain made in to ring :)

[spathiphyllum]

HC that's not a bad idea and i did toy with the possibility but the ring i want is from a online store, that is located in London :( Same material though but i would require the jewellers talent or mould..

The ring i want is £185 :S ! Hopefully would last a life time though.

[hc4361]

By the way if you do decide to sell the chains then don't go to pawnbroker. As has already been suggested a jeweller will give you a better price. Go to several to get the true worth.

[hc4361]

So you haven't seen the ring in the flesh? There won't be a lot of gold in it for £185.

Put the link up so we can be nosy

[spathiphyllum]

No, it's silver

[spathiphyllum]

Ohh.. it won't be your style :S

https://www.ratbetty.com/collections/jewelry/products/the-golden-geezer

[hc4361]

That would have been my style back in the when I was riding my BSA and listening to heavy metal. :D

[retrocop]

BSA Gold Star?

[AuntPollyGrey]

Jewellers will only give you scrap value which is the gold (or silver) content. They make their profit selling the item on as second hand, knowing that if it doesn't sell they will still get their money back scrap. I've sold loads of gold and find haggling in a high street shop that specialises in buying gold is the best deal.

[davebro]

PS - it's along shot but the very best gold buyers are the dealers on "Dickinson's Real Deal". Check if they are recording near you (if indeed the prog is still being made!).

[shoota]

Email the ringmaker - they may be up for a swap.