Bullion / Coin – Page 3 – R & J Jewelry & Loan

FAQs About Pawn Shop

09 Feb 2023
R&J
Bullion / Coin, Designer Handbags, Diamonds, Fine Watches, Gold, Jewelry, Loans, Pawn
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It’s difficult to watch TV these days without coming across a pawn reality show. While they provide excellent entertainment by exposing some of the more unusual things and individuals in the pawn market, they also leave many viewers with misconceptions about how the pawn industry actually works. We’d like to clear up any confusion by answering 10 Common Questions About How Pawn Shops:

1. What is a pawn shop?

A pawn shop is a business that offers loans in exchange for personal property. Pawn shops typically accept items of value, such as jewelry, diamonds, gold, silver, luxury handbags and more as collateral for a loan.

2. How do pawn shops work?

Pawn shops offer loans to customers who bring in items of value as collateral. The loan amount is typically based on the value of the item being pawned. If the customer is unable to repay the loan, the pawn shop will keep the item and sell it to recoup their losses.

3. What are the benefits of pawning an item?

Pawning an item can be a quick and easy way to get a loan. Pawn shops typically do not require a credit check, so they are willing to lend to customers with poor credit. In addition, pawn shops usually allow customers to pawn items longer than other types of loans, such as payday loans.

4. How can I find a pawn shop near me?

The best way to find a pawn shop near you is to search online or in the Yellow Pages. You can also ask friends or family members if they know of any pawn shops in your area. Once you have found a few pawn shops, be sure to call and ask about their loan terms and conditions before bringing in any items.

5. What should I pawn?

You can pawn almost anything of value, including jewelry, diamonds, gold, silver, and even luxury handbags. However, not all pawn shops accept every type of item. Be sure to call ahead and ask if the pawn shop accepts the type of item you wish to pawn.

6. Do I need an ID to pawn an item?

Yes, most pawn shops will require some state issued identification to pawn an item. This is typically done to prevent theft and fraud. Be sure to bring a valid ID, such as a driver’s license or passport, when you pawn an item.

7. What if I can’t repay my pawn shop loan?

If you are unable to repay your pawn shop loan, the pawn shop will keep your property and may sell it to recoup the loan amount. You will also likely be charged additional fees for extending the loan or defaulting on the loan.

8. What are the risks of pawning my property?

The biggest risk of pawning your property is that you may not repay the loan and lose your collateral. Pawn shop loans also typically have high-interest rates, which can make it difficult to repay the loan. Finally, if you default on your pawn shop loan, the pawn shop may report the delinquency to the credit bureaus, which could damage your credit score.

9. How is the value of an item determined for pawning and selling?

The value of an item that is pawned or sold depends on many factors, the most important of which is the market value. Other considerations include the condition of the item, its age and provenance, and any sentimental value it may hold. Pawn shops typically offer 30-60% of an item’s market value, while pawnbrokers may offer up to 80%. Private buyers usually pay closer to market value, but this can vary depending on their own personal circumstances. Ultimately, the decision of how much to pawn or sell an item for is up to the individual. However, it’s important to be realistic in valuing items to ensure a fair deal.

10. Is the information about my pawn loan secure and confidential?

At pawn shops, the security and confidentiality of your pawn loan information are of the utmost importance. The law requires pawn shops to keep all pawn loan information confidential. This means your pawn loan information will not be shared with anyone without your permission. Pawn shops are also required to keep all pawn loan information secure.

Conclusion

Are Pawn Shops Risky? Absolutely, some can be, but on the contrary to popular belief, most pawn shops provide their customers with a clean, confidential and friendly environment to conduct business. Furthermore, pawn shops are highly regulated enterprises that take great care to follow all regulations governing our sector.

Midi Rings As Part of Pawn Shops Jewelry and Other Items At Affordable Prices

05 Sep 2022
R&J
Bullion / Coin, Diamonds, Fine Watches, Gold, Jewelry, Loans, Pawn
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Luxury gold jewelry on set holders and in jewelry box on light dressing table and wardrobe shelves

Fashion rings are the essential part of every jewelry box. They can uplift any outfit. From small dainty stackable bands to luxurious gemstone rings, there are endless choices.

Fashion Rings

People have been wearing rings for over 5,000 years. Traditionally, engagement and wedding rings were worn and seen as symbols of Egyptian wedding traditions. Rings were made from reeds and leather.

Not every ring is made the same. Some rings have symbolic significance, and others are worn strictly as a decorative piece.

Fashion rings are called Midi rings, and they are worn for fashion purposes. They don’t have a purpose, like an engagement ring or wedding ring. They don’t have a special meaning. They are worn to express personal style and add finishing touches to any outfit.

The midi rings or fashion rings are beautiful and look amazing on the hand. A whole outfit can achieve a vogue like look.

Fashion rings can be bold and beautiful, or discreet and feminine.

Small Minimalist Rings

Errands, trips to the doctor, visiting the bank may require a casual fun outfit. Some people wear casual outfits everyday. You may want to take your everyday outfit and spruce it up and make it your own style so you stand out in a crowd.

Minimalist rings include thin bands or small dainty rings made of gold or silver. These small fine rings add a sleek, polished modern touch to your outfit.

Small yellow, white or rose gold rings can be worn with everyday outfits. White gold offers a fresh stylish look, and yellow gold a bold classic look.

There are bands that are made to stack on top of each other. You can separate them and wear them for a minimalist look. Stackable bands are in fashion right now. They add to your personal style by creating different unique combinations. You can wear them on separate fingers or stacked on one.

To create an interesting effect, mix different widths, metals, and gemstones.

Bold Statement Rings

Bold yellow gold, white gold, and rose gold rings make a statement. Big rings are pieces of jewelry that stand out.

Bold statement rings can be plan rings or rings with large gemstone centerpieces. These rings worn with high quality watches say it all.

Bold fashion rings are conversation pieces. They are sleek in design.

Gemstone Fashion Rings

A pop of color is achieved by adding a gemstone or crystal ring. The ring will accent your outfit by jazzing it up from a monotone look to a “hello” stylish look. Money spent on quality gem stone rings is worth the investment.

There are Many Things Found In A Pawn Shop for at Affordable Prices

Pawn shops have been around for thousands of year. They have affordable prices, and have a huge selection of brand name electronics, gold jewelry, precious metals, silver coins, gold bullion, smart TVs, estate jewelry, diamonds, musical instruments in good condition, gaming consoles, computers, and some pawn shops carry tools, and other luxury items like designer purses, and luxury watches.

Communities have pawn shops that provide much-needed services in their community. They buy, sell, trade, and write short-term collateral loans, which provide an alternative financial option for customers. Short term pawn loans provide quick cash, and buying pre owned items helps provide affordable merchandise to those looking to buy with confidence.

Some pawn shops also have layaway programs, so customers can set aside things they want to buy through affordable payment options for special occasions. Because pawn shops can pay the highest dollar for items people sell, they draw in quality products and even some new items.

Some pawn shops have online shops that help customers and a first time buyer ease into shopping at a pawn shop from the comfort of their home. The shops have online payments, and stores may ship or have same-day pickup options at their stores.

Pawn shops will appraise and authenticate luxury items, so the loan amount offer is based on genuine item market prices, and the store can make merchandise that is real priced at affordable prices.

Opt In Programs – A Way to Subscribe

Pawn shops may have opt in programs that help you get placed on a niche list, so you find out first when brands you want are added to their retail store fronts. Depending on the location, opt in programs are like a subscription, so when you want to purchase something like a diamond, you know before general prices. These subscription programs may also offer sale prices, a “today’s low prices” option, or a discount off their regular retail prices.

R&J Jewelry and Loan

R&J Jewelry and Loan is a family owned and operated pawn shop in business since 1978. They built their reputation on personalized services and their extensive jewelry selection in various price ranges. They have beautiful gold fashion jewelry, and dainty gold jewelry and rings for stacking.

When you are trying to decide what type of fashion rings you want to purchase, consider making your purchases from a store with an online store listed on their website. Their website has a frequently asked question section to answer any questions you have about loans, selling, or buying from a pawn shop.

When considering making a jewelry purchase, like a gold pair of earings, a gemstone pendant, high quality watches like Rolex, or other merchandise, consider R&J Jewelry and Loan.

Pawn loans are something that R&J Jewelry and Loan offers. They offer real money for valuable personal items. Short term pawn loans provide a financial option to get quick cash by using valuable items as collateral for the loan amount. Once the loan amount is paid back, the item will be returned. Getting a pawn loan is an option, instead of getting cash advances from your employer or family friend.

R&J Jewlery and Loan wants you to know that “all our merchandise is below regular retail prices.”

How Do You Know If Gold Is Real?

15 Aug 2022
R&J
Bullion / Coin, Gold, Jewelry, Loans, Pawn, Silver, Uncategorized
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Real gold jewelry, white gold, rose gold, and other gold products like gold bars, bullion coins, and other gold pieces are beautiful and a good investment. But how do you test gold for gold authenticity?

Pawn shops like R&J Jewelry and Loan buy, sell, and loan against precious gold. They have experts who can test gold and determine if it is real or fake gold, fool gold, gas station gold, gold plated, or another metal.

The pawn brokers are experts in filtering out fake gold pieces from the real deal. before the pawn shop considers buying or loaning against any precious metal, they test the pieces. This protects the consumer and the shop.

What is Fools Gold?

Fools, gold is not gold. It is the mineral pyrite. The mineral resembles gold, which is why it gained the name fools gold. You can test the gold if you are concerned that the gold you have is not authentic gold.

Counterfeit or Fake Gold

Counterfeit gold, silver, gold bars, bullion, designer handbags, and luxury watches like Rolex are everywhere. Advancements in technology has helped fine-tune the steps counterfeiters go through to create fraudulent products.

To decrease the risk of purchasing a fraudulent product, there are some things you can do to test gold to make sure it isn’t imitation gold or something fake.

First, Do Your Research!

Make sure you are working with a reputable company. You can check the company’s Google Reviews, standing with the Better Business Bureau and other related social media sites. Read what people say. With Google Reviews, the ability to search businesses on the Better Business Bureau or other regulating sites, and social media. It is fairly easy and common to check the reputation of the dealer you decide to purchase your gold bars from. Take the time to research local pawn shops, read the reviews, and ask around.

Second, Do A Visual Test – All That Glitters Could Be Something Other Than Gold

Take some time to look at the gold you are considering. There are some things that you will notice that is unique to genuine gold.

Color: Pure gold is yellow to golden in color. If the gold is white-gold, it is ordinarily a combination of 75% gold and 25% nickel and zinc. Rose gold has a rosy appears because of the gold being mixed with copper alloys.

Pure gold is 99.9% gold and marked 24k, 18k is 75% gold and 25% other metals like silver and copper. 14k gold is 58.3% gold, and 41.7% alloy metals. 10k gold is made up of 41.7% gold, and 58.3% alloy metals. Because of the alloys used, 10k gold is a pale yellow color.

Tarnish:

Gold does not tarnish. The metal is bright. 24k gold being the purist will be soft and easy to bend.

Shape:

Gold is typically found in particles with slightly rounded edges.

Third, Weight of Gold – Real Gold Won’t Pass the Float Test

Real gold is dense and heavy. Gold is weighed in troy ounces (31.1 grams). Did you know that if you drop a fake gold bar in water, it will float? Genuine gold will sink straight to the bottom. So if the gold item floats, it’s fake.

Fourth, Bendability

Gold in its purist form, 24k, is pliable. This is why most jewelry is made from gold that is not 24k, because gold has an incredible ductility, which means it bends and dents easily under pressure.

Fifth, Magnet Test

Get a strong rare earth magnet, which you can purchase from a hardware store. Touch the gold you are considering buying to the magnet. The magnet won’t hurt the gold. If the gold piece sticks, you are likely to have counterfeit gold. Pure gold is not magnetic.

Sixth, If the Price Is Too Good, Tread Cautiously

Gold sells according to the current “spot price”. The spot price is the market price of gold, and it is based on supply and demand, and thus ebbs and flows with the current economic conditions. World events, consumer spending, interest rates all affect the economy.

You can look up the spot price of gold or any precious metal. If the spot price is high, ask yourself if the huge discount you were offered because the gold piece you were considering isn’t real? It’s okay to question is the deal too good to be true?

Sometimes people or companies selling fake gold jewelry, gold plated jewelry as real gold, gold filled products as real gold, or other gold counterfeits will try to hook you with a deal. Most valuable metals come with a fair spot price, not cheap.

Seventh, Self Test Gold with Liquid Foundation – The Skin Test

Did you know you can use some liquid foundation makeup and rub the gold against it on your skin? If it leaves a black streak, it is likely gold. Find a friend with anemia or low iron. The same will happen, because the gold reacts to the blood’s hemoglobin.

Eighth, Test Gold At Home with A Few Drops of Nitric Acid

You could test a gold piece of jewelry with nitric acid. Make a small scratch, so that the scratch penetrates the top layer of the gold. When you place a small drop of nitric acid on the scratch, see if the mark turns green or milky. If there is no reaction, the gold piece is probably real gold.

Unfortunately, nitric acid is a dangerous chemical, so you will need gloves, goggles and a well ventilated area to test gold.

Nineth, Look at the Plastic Wrapping or Packaging If You Are Buying Gold Bars

If you consider buying gold bars or gold bullion, they will come in a plastic wrapper. Fake gold bars come in thicker plastic because they hide the bar’s weight. It also distorts the details on the bar’s surface, so you may not notice imperfections or missing details.

Nearly every gold bar or piece of jewelry comes with a hallmark. The hallmark tells what karat weight the piece is and if it is 24k, 14k, 10k, or karats in between, like 18k. The mark can be manufactured so it “appears” you may notice some flaws.

Some gold bars have a layer of gold, and then they are filled with tungsten or another alloy, making them feel heavy and real.

Tenth, Stamp Test

Gold bars are fraudulently stamped with the logos of major refineries. The fakes are often difficult to spot, and because of this, fake gold bars are ideal fund runners. There are several million bars stamped with refinery logos that weren’t actually produced by those facilities, reported JPMorgan Chase & Co. The fake bars are highly professionally done.

When you look at the marking, use a magnifying glass to validate the purity of the numbers and stamps. Look for the hallmark and letter mark. Sometimes the marks are hidden under a clasp or in another inconspicuous place on the gold piece. The hallmark is the international standard, which defines the purity of valuable metals. Remember, it is not beyond fraudulent brokers to engrave these themselves, making gold plated jewelry appear like real gold.

Eleventh, The Ceramic Scratch Test

You can take a piece of unglazed ceramic tile or plate and lay the tile on a flat surface. Scrape a piece of gold across it, and real gold will leave a gold mark or trail. Other metals will leave a black trail.

Genuine Gold Facts:

Gold Purity and the Karat System

Gold has different purity. All gold spot prices are based on gold being 99.9% pure.

24k gold is considered “pure” gold without traces of other metals. 24k gold is soft and bright yellow. It is mainly used in gold bars, bullion, and coins.

18k gold is 75% pure, 14k is 58.3% pure, and 10k is 41.7 pure.

The weight of gold is measured in troy ounces; however, its purity is measured in ‘carats.’ Since the spot price of gold is based on gold being 99.9% pure, the more other metals are in the gold, the less refined, the less it’s worth.

Shop Wisely – eBay, Marketplace, and Other Online Requests

These forums may increase the risk that the gold bars, bullion, and rounds you want to buy for good money may be fraudulent. Make sure the price matches what you are buying. There may be a concern about cheap gold and a huge discount.

Pawn Shop

As a shopper of gold, it may be the best place to shop. If you are a seller, they are happy to work with you to get you a fair market value offer. If you create a relationship with the pawnbrokers, read the feedback from other shoppers, and visit the store often, you will learn quickly that the company’s delivery on their promises is 100%.

R&J Jewlery and Loan

You may have old gold jewelry in your jewelry box, or you inherited but don’t care for the style. You might have decided to by some gold and now you wonder if it is real gold or worth anything.

You’ve read all the ways to test gold at home, and you are not convinced this will give you the answers you need. R&J Jewelry and Loan have experts who can help. Gold, silver, and precious metals are their business, and they have years of experience determining what metals are real and what aren’t.

They will buy gold in any form or condition, including coins and gold jewelry. They use fair market prices, and they don’t play games.

R & J Jewelry & Loan, is a trusted pawn shop in San Jose, CA area, and they pay cash for various products. Gold, diamonds, jewelry – you name it, they can help.

Gold Buyers San Jose & Loan pays cash for a wide range of items, gold jewelry, gold coins, silver, gold pieces in new or used conditions, gold bullion and other precious metal products.

They will test all items, and their process is professional and transparent. They will let you know what the gold content is of your piece and what the current market value is, making you an offer to buy or loan against your piece. The decision is yours. R&J Jewelry and Loan loves gold items, and they will work closely with you so your needs are met.