Need a little extra cash to get you through the end of the month? We are one of the few pawn shops in Eureka, CA that buys gold jewelry and we always base it on that day’s rate for gold to make sure you get the most out of your cash-in.
As the price of gold has increased in the last few years, more and more gold cash-in companies have formed and not all of them with the best of intentions. You see them advertised on national TV and online, but once you send your gold jewelry away in that provided envelopes, not all of those companies give fair prices for the weight of the gold. And if they send uninsured envelopes, it may not even make it to the cash for gold company.
Eureka Trading Co. is also one of the few jewelry buyers in Eureka, CA. With some local stores closing, we continue to be a resource for great buys at wholesale gold jewelry prices or even less! We do cash for jewelry with other materials as well, such as diamonds, silver and other precious stones and metals.
When we weigh the gold jewelry a customer wants to sell, we won’t weigh different karats of gold together — that is a tactic some gold buyers use and that you should look out for. This is because the karat of a gold tells you how much of the material is actually gold and how much is a complimentary metal. Gold by itself is too soft to effectively function alone in gold jewelry, so the karat tells the buyer and seller how much pure gold is in the jewelry. Weighing different types together means it won’t be an accurate count of the gold weight.
More and more people across the U.S. have been turning to pawn shops in times of need. When you can’t pinch any more from the budget, selling gold at one of the shops in Eureka, California or anywhere else can be just enough at the right time and place.
With the down economy, people who never sold gold jewelry or used pawn shop loans before have been taking advantage of the opportunity to do so. An ABC blog recently reported a Beverly Hills hairdresser took in her $600,000 diamond jewelry and the pawn shop gave her between $150,000 and $200,000 for it!
Not all pawns are that large or high priced, but we do see a lot of unique jewelry and collectibles. Whether its from part of a former relative’s estate or if gold jewelry has just been collecting dust in someone drawer, it can be a quick source of cash that can help a family or individual in crisis.
In that same pawn shop in Beverly Hills, former football star Darryl “Dokie” Eugene Williams brings his 1983 Super Bowl ring in to take out short-term loans and then always buys it back. When someone puts an item up as collateral at our Eureka pawn shop – from musical instruments to wholesale gold jewelry — we store it in back away from our publicly visible merchandise.
For more information on buying and selling gold in Eureka, CA or pawn shop loans, give us a call at 707-443-2000.