Gold, Silver, Diamond Jewelry Loans at North Scottsdale Loan!
The leading pawn shop in Phoenix, Scottsdale, and Tempe is proud to offer silver, gold, and diamond jewelry loans. Having served the area for well over a decade, we offer the lowest interest rates and the most cash for any and all jewelry you might have. The process can have you in and out of our store within as little as ten minutes with hundreds, if not thousands in cash. We boast the lowest interest rates, and employ only the top professionals in town. If you’re looking for a fast cash jewelry loan, we’re the place to go. Let’s break down the process on pawning jewelry by starting with the most important part: the appraisal process.
Platinum, Silver, Diamond and Gold Loans
Despite the prices for each of these precious metals being vastly different, the process is just about the same for all of them. It all starts when you bring your jewelry down to North Scottsdale Loan and Gold. We simply can’t do even rough appraisals of most jewelry over the phone just because of the number of variables included.
Platinum jewelry is the easiest to look at. What’s interesting to note is that platinum is the most expensive per gram precious metal, even more than gold, despite what most people think. Appraising platinum is simple as most of it only comes in one quality: pure platinum. This means that there’s only one test we have to perform to verify its authenticity called an acid test. This is something you’ll be hearing a lot about as we talk about the other precious metals, but it works the same for them all. To verify its real platinum, we collect a few flakes from the piece of jewelry without harming it, and look for a reaction from the acid. If it shows no reaction, then you know it’s the real deal. After that, all we have to do is weigh it and we can make you a cash offer for your jewelry.
Silver jewelry is the second easiest to appraise as it only comes in two types of quality: .925 and .999. Due to the relatively low cost of silver, however, the price difference is very small. How you can identify what quality silver jewelry you have is simply by looking for a stamp on the inside or in a hard to see place like on a clasp or on the inside of a ring. This will say “999” or “925” and you can be almost positive that you have genuine silver. Again, in this situation, we’ll perform an acid test and look for no reaction to ensure that the jewelry matches the stamp we see on it.
This is where things get tricky. Gold, being the most popular precious metal used for jewelry, means that it comes in all different shapes, colors, and quality. Similar to silver, gold also has stamps in hard to see places that indicate the relative purity of it. Due to how mass produced it is, however, the gold stamp is not always accurate to its purity. In some cases, it’s less, and in some cases it’s more. The quality is determined by karats which can range from 10kt to 18kt in most gold jewelry, but 18kt is almost double as pure as 10kt so it’s worth a great deal more. To compare these qualities, we have three different acids that we’ll test your gold jewelry with. North Scottsdale Loan and Gold puts all this effort into our mission: getting our customers the most cash they deserve in Phoenix, Tempe, and Scottsdale.
Diamonds are perhaps the most difficult part of the appraisal process. Diamonds have many, many different metrics to look at in order to accurately appraise them. Our associates look for color, cut, clarity, and carat to determine their value. We believe in the value of diamond jewelry, and truly take our time when evaluating them for a jewelry loan, so we encourage you take a look at our in depth process at our Diamond page.
After all of this is done, our associate will make you a cash offer for your jewelry loan. It’s important at this step, and we always remind our customers of this, that you only take what you need and not our full offer. The interest accrues faster than many people think and can be overwhelming. Our goal isn’t to repossess your items, but to get you fast cash with a jewelry loan and we’ll do everything in our power to achieve that.
How Does a Jewelry Pawn Loan Work?
Finalizing the Jewelry Loan
Once we’ve come up with an appraisal, our associate will give you your cash offer for the loan. Should you accept (which you should, we pay the most cash in town!), we’ll collect a few signatures from you and send you on your way with cash in hand. During the entirety of the loan, your jewelry will sit in our monitored, secured, and insured safe. It’ll remain here, untouched, during the duration of the loan. The last thing you have to worry about is the security of your jewelry.
Repaying Your Jewelry Loan
The beautiful thing about a jewelry loan from North Scottsdale Loan and Gold is how quick it can be, but there’s many other perks as well. There’s no repayment penalty whatsoever! As soon as you have the cash, and are ready to repay your jewelry loan, you can come pick it up and just pay the interest that has accrued up to that point. No hassle, no fuss, nothing! Our short term pawn loans are made to get you the cash you need in mere minutes. If you’re in Phoenix, Tempe, or Scottsdale, there’s only one place to visit when you need a jewelry loan and that’s us.
North Scottsdale Loan & Gold has been serving the proud areas of Scottsdale, Phoenix, Tempe, and Paradise Valley as the premier pawn shop, and is always doing its most to ensure its customers are getting the most cash possible for their valuable items.