Selling precious metals can be a great way to make extra cash when you need it. According to Statista, it’s estimated that 0.7% of Americans pawn precious metals or stones when they need cash. However, to get the most for your precious metals, you need to know the right places to sell them, and you need to know which types of precious metals to focus on. Let’s look at some types of precious metals you can sell at the pawn shop.
Precious Metals Identification
First, let’s talk about what qualifies as a precious metal. Two factors are used. Rarity is one factor; the more rare a metal is, generally the more likely it will be considered a precious metal. The appearance of the metal is also a factor. Metals that are considered pretty or attractive usually fall into the category of precious metals. Let’s look at a few metals you can sell for cash at a pawn shop.
Rhodium has a brilliant luster and it’s also considered a very durable metal. These two factors together make it a popular choice. It is also able to handle exposure to corrosive materials. This metal is safe in high temperatures, which makes it very useful. Rhodium is not as well known as gold and silver in the world of precious metals, but it is valuable and can be sold for cash.
Gold is probably the most commonly imagined precious metal. It is rare and it’s pretty. There are many applications in which gold can be used both for beauty and industry. It is considered to be the most valuable of the precious metals and is often used for jewelry. It has been seen as a precious commodity for thousands of years.
Platinum and Silver
Platinum is a durable and attractive metal that can be used for both jewelry and industrial purposes. Platinum is a more affordable type of precious metal, so you might not get as much cash for this as you would for gold. Silver is also a popular choice when it comes to selling precious metals for cash.
A pawn shop offers many great options when we need cash quickly. We understand that sometimes circumstances are tough, and you need money fast. If you’d like to learn more, please contact us today.