Mindat.org Conference 2014 Madagascar 28 May 2014 - 13 June 2014
Welcome to the GemologyOnline.com Forum
A non-profit Forum for the exchange of gemological ideas
It is currently Wed Apr 23, 2014 12:08 pm

All times are UTC - 4 hours




Post new topic Reply to topic  [ 3 posts ] 
Author Message
 Post subject: Pawn shop
PostPosted: Tue Aug 12, 2008 11:19 pm 
Offline
Platinum Member

Joined: Tue Jun 03, 2008 4:40 pm
Posts: 2392
Location: Atlanta, GA
There are tons of pawn shops in the area around my house. One in particular si ran by a guy I chat with off and on. He has a huge selection of rings and other jewelry. He keeps his wedding rings seperate from his colored stones. He said he doesn't know or care if he has rubies, emeralds, etc. He sells his stuff for the price of the metal the ring or necklace is made of , gold, platinum, etc. My question is if you could identify and rate all the stones in his jewelry couldn't you make a profit off the stones if there are any worth anything. You would only be paying the price of the gold etc. If you had a sapphire, topaz, or anything else wouldn't it be like getting it for free since you would only pay for the price of the metal. This pawn shop doesn't have many visitors and the guy is old and doesn't know anything about stones I far as I can tell. What's your guys input on it.

_________________
These gems have life in them: their colors speak, say what words fail of.


Share on FacebookShare on Twitter
Top
 Profile  
 
 Post subject:
PostPosted: Tue Aug 12, 2008 11:32 pm 
Offline
Gold Member

Joined: Fri Apr 27, 2007 11:11 am
Posts: 1143
a pawn shop guy here has a gia diploma hanging on the wall,

if he's an older guy...I bet he knows what's what.


Share on FacebookShare on Twitter
Top
 Profile  
 
 Post subject: Pawn Shops
PostPosted: Wed Aug 13, 2008 12:01 am 
Offline
Valued Contributor

Joined: Fri Jan 04, 2008 1:47 am
Posts: 449
Location: Las Vegas
Here in Vegas I deal with pawn shops everyday. I asked that question to several pawn shop managers. They all replied that they only pay for the metals when they buy/loan unless its diamonds (which they test for in the store). They then take the stones out of the rings (unless its something unique) and send the metals out to be melted down. The remaining stones then get sent to a central facility where they are tested. They didn't know where they go from there. Most the pawn shops here buy the gold for $5-10 a gram. Its amazing how much money the pawn shops make here. We deal with so much stolen jewelry here in Vegas. Thiefs used to target electronics, now they bypass the electronics and go straight for gold.


Share on FacebookShare on Twitter
Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 3 posts ] 

All times are UTC - 4 hours


Who is online

Users browsing this forum: No registered users and 2 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Gemology Style ported to phpBB3 by Christian Bullock