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How much you will get for a sterling silver chain at gold and silver pawn shop?
Wiki User
∙ 11y ago
A pawn shop, depending on the one you go to, might give very little for gold, as to make the most profit when selling the gold to a jeweler or other type of buyer. It also depends on how much gold you have. The pawn shop will not buy one flake of gold from you, but rather much bigger pieces.
Wiki User
∙ 14y ago
Wiki User
∙ 14y agoNot much. Pawn shops are in the business of ripping off people in financial need. They in effect give you a "loan" with your silver as collateral, plus charge an interest rate that would be illegal if they were a true bank.
And their terms are such that if you fail to repay the loan (plus exorbitant interest) on time, they KEEP your silver, which is worth substantially more than the amount they loaned you to begin with.
That's the game they play; pawn shops prey on the poor and desperate and are to be avoided at ALL costs! Even if you do repay them on time and recover your silver, you'll have lost a huge "interest" payment. It just is not worth it.
Wiki User
∙ 11y agoThey will pay you whatever the price of silver is that day. They will treat it as scrap silver!
Wiki User
∙ 9y agoaround 1600 and oz
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