APR 07, 2012 2:50 PM
Selling Gold For Cash
If you are considering selling gold for cash then make sure you visit at least 3 different pawn shops so you can compare and get the best price for your old jewellery because as a recent investigation by the Croydon Advertiser found, prices can differ alarmingly even when the pawnbrokers are all situated on the same street!
They took a selection of 9 carat gold jewellery weighing in at 37 grams to a selection of London pawnbrokers in West Croydon under the pretence of wanting to sell it and found the difference between the lowest written quote they received and the best price offered was a staggering £131.
The Albemarle and Bond pawnbrokers came out worst with an offer of £239 – that’s just £6.20 a gram while the H Purchens pawnbrokers on London Road offered £370 – a full £10 per gram. 9 carat gold was trading at £12.45 on the day they visited all the various pawn shops in Croydon buying and selling gold.
Cash Converters recently got some bad publicity for cashing in on Britain’s hard times by offering sellers half the amount they were then selling the goods for but the Croydon branch faired much better here and matched the best offer of £370. The full list of pawnbrokers visited last Friday and the prices they …