Discover Top Spots to Sell Your Precious Metals: Cash for Gold in San Jose

Precious Metals
Gold Coins

In today’s uncertain economic times, many people are looking for ways to earn extra cash. One option that has become increasingly popular is selling unwanted gold and other precious metals. Whether you have old jewelry, coins, bullion, or other items made of gold, silver, or platinum, there are plenty of buyers in San Jose who are willing to pay top dollar for these items. 

However, not all cash-for-gold businesses are created equal, and it’s important to do your research before choosing a buyer. In this comprehensive article, we’ll explore the various factors that you should consider when looking for the best place to sell your precious metals in San Jose

Testing Precious Metals 

There are several types of testing equipment used to test precious metals, including X-ray fluorescence (XRF) analyzers, inductively coupled plasma optical emission spectroscopy (ICP-OES) instruments, and fire assay methods. Other methods include electronic testers, acid tests, and density meters. The choice of equipment depends on the specific application and accuracy required.

R&J Jewelry and Loan Tests Precious Metals


The Sigma Metalytics Metals Verifier is a handheld device used for non-destructive testing of precious metals, including gold, silver, platinum, and palladium. It uses advanced X-ray fluorescence (XRF) technology to quickly and accurately determine the purity and composition of the metal being tested.

The device is designed for both professional and personal use, and it can be used to verify the authenticity of precious metal items such as coins, bars, and jewelry. The Metals Verifier can also be used to test other metals such as copper, brass, and aluminum.

The Sigma Metalytics Metals Verifier is portable and easy to use, making it a popular tool for buyers, sellers, and collectors of precious metals. It provides fast and accurate results without the need for destructive testing, which can be important for preserving the value and integrity of precious metal items.


Why Is Having Your Precious Metals Important Before You Sell?

Testing a precious metal is important before you sell it, because it helps determine the metal’s purity and value. Precious metals such as gold, silver, platinum, and palladium are commonly used in jewelry, coins, and bullion, and their value is based on their purity and weight.

If you are selling a precious metal item, you need to know its purity to ensure that you get a fair price for it. Testing can help determine the metal’s karat, fineness, or percentage of purity, which can vary depending on the specific alloy or mix of metals used to create the item.

Testing can also help identify counterfeit or fraudulent items that may have been made with lower-quality metals or plated with a thin layer of precious metal. By verifying the authenticity and purity of your item, you can avoid selling it for less than its true value.

Overall, testing a precious metal before you sell it can help you make informed decisions about pricing and ensure that you are getting a fair price for your item.

We Buy Gold


GoldMax is a national chain of gold pawn shops with several locations throughout San Jose. They are known for offering some of the highest payouts in the industry, and their experienced staff will appraise your items on the spot. They buy all types of gold, including broken jewelry, coins, and bars, and offer cash advances on larger transactions.

2. San Jose Gold and Silver Exchange

San Jose Gold and Silver Exchange has been in business since 1980 and is one of the most trusted names in the industry. They are known for their fair prices, and they offer a transparent buying process. They buy all types of precious metals, including gold, silver, and platinum, and they also buy and sell rare coins and bullion.

3. R&J Jewelry and Loan

San Jose Jewelry and Loan is a family-owned business serving the San Jose community for over 45 years. They offer competitive prices for all types of gold and silver pawn items, including jewelry, coins, and bullion. Their experienced staff will provide a free appraisal and walk you through the selling process, ensuring a hassle-free experience.

Pawn Loan

The Importance Of Finding A Reputable Buyer For Your Gold

Finding a reputable buyer for your gold is essential for several reasons. Firstly, you want to ensure that you get the best possible price for your items. A trustworthy buyer will offer you a fair price based on the current market value of gold, without hidden fees or charges. They will also provide you with a transparent and straightforward transaction process, ensuring that you feel confident and secure throughout the entire process.

Secondly, dealing with a reputable buyer helps avoid scams and fraudulent activities. Unfortunately, there are many unscrupulous individuals and businesses that try to take advantage of people looking to sell their gold. These scammers may offer you prices far below market value, or trick you into sending them your gold without any intention of paying you.

By finding a reputable buyer, you can protect yourself from these fraudulent activities and ensure that you’re dealing with a legitimate business. A reputable buyer will have a solid reputation in the industry, with positive reviews and testimonials from previous customers. They will also have the licenses and certifications to operate in the gold buying industry, ensuring that you’re dealing with a trustworthy business.

Lastly, working with a reputable buyer provides peace of mind. You can rest assured that you’re getting a fair deal for your gold and that the transaction process will be smooth and hassle-free. This allows you to focus on your other priorities, whether that’s paying off bills, saving for a vacation, or investing in a new project.

Overall, finding a reputable buyer for your gold is crucial if you want to get the best possible deal and avoid fraudulent activities. So, take your time, do your research, and choose a buyer with whom you feel confident and comfortable working.

How To Determine The Value Of Your Gold

Determining the value of your gold is an important step in the process of selling it. There are several factors that come into play when determining the value of gold, including its purity, weight, and current market price. Here are some steps to help you determine the value of your gold:

Check the purity: Gold is measured in karats, with 24 karat gold being pure gold. Other karat amounts, such as 18k or 14k, indicate a lower purity level. You can check the purity of your gold by looking for a hallmark stamp on the item.

Weigh the gold: The weight of the gold will also affect its value. You can use a digital scale to weigh the gold and determine its weight in grams.

Calculate the value: Once you know the purity and weight of the gold, you can use a gold calculator or consult with a reputable buyer to determine its value based on the current market price.


When it comes to selling your precious metals, such as gold, silver, or platinum, in San Jose, it’s crucial to do your research and find the best place to get the most money for your items. As we’ve discussed in this comprehensive guide, several factors play a role in choosing the right cash for gold business, including reputation, pricing, and customer service. Find a dealer like R&J Jewelry and Loan with a Sigma Metalytics Metals Verifier. 

It’s important to ensure that you’re dealing with a reputable business that offers fair pricing and excellent customer service. By following our guide, you can confidently find the best places to sell your precious metals in San Jose and get the most cash for your items. Remember to do your due diligence and shop around to get the best deal. 

With the right research and preparation, you can sell your unwanted or unused precious metals and get the financial boost you need. R&J Jewelry and Loan pawn shop is the best pawn shop where you can have cash for gold in San Jose. Check out our website and contact us. 

R&J Jewelry and Loan – The Pawn Shop Buys Gold

Jewels and gold coins

R&J Jewelry and Loan buys, sells, and uses gold items as collateral for pawn loans. When you decide to liquidate your gold, gold jewelry, bullion, coins, or other gold items, R&J Jewelry and Loan, a trusted pawn shop can test and value your gold and get you the best price for your things.


The History of Gold

The discovery of gold is not attributed to a single moment or location, as gold has been known to humans for thousands of years.

The earliest known gold jewelry dates back to around 4000 BCE and was found in what is now Eastern Europe. The ancient Egyptians were also known to have used gold for jewelry and decorations as early as 2600 BCE.

Gold was also highly valued by ancient civilizations in South America, such as the Incas and the Aztecs, and in Asia, including in China and India.

Lydian merchants used stamped lumps of a silver and gold mixture called ‘electrum.’ Electrum is a naturally occurring alloy of gold and silver, with trace amounts of other metals such as copper and sometimes palladium. The exact composition of electrum can vary, but it typically contains between 60 to 90 percent gold.

Electrum was highly valued in ancient times, particularly in the Mediterranean region, where it was used to make coins, jewelry, and other decorative objects. The earliest known electrum coins were minted in Lydia (in modern-day Turkey) in the 7th century BCE, and the use of electrum for coins was widespread in the region until the invention of silver and gold coins.

In addition to its use in coinage and jewelry, electrum was also believed to have mystical or magical properties in some cultures. The ancient Greeks, for example, associated electrum with the sun god Apollo, and some ancient societies used electrum for ritual or religious purposes.

The Incas were known to have held the sun as a sacred symbol, and they believed their Emperor, the Sapa Inca, was a direct descendant of the sun god Inti. The Incas also highly valued gold, which they considered the sweat of the sun or a physical manifestation of the sun’s power.

In Inca society, gold had both symbolic and practical value, and was used for various purposes, including as a medium of exchange, for decorative and ceremonial objects, and for religious and political purposes.

Gold Bullion Stacked On Each Other


How did gold become a commodity?


Gold became a commodity through its unique physical properties, historical significance, and practical uses.

Humans have valued gold for thousands of years due to its rarity, durability, and lustrous appearance. It was used as a medium of exchange and value in many ancient societies, and it has remained an important form of currency and symbol of wealth throughout history.

The concept of a standardized commodity market developed in Europe during the Middle Ages, when merchants began to use coins of a consistent weight and purity to facilitate trade. As gold coins became more widely used, their value became increasingly standardized and transparent, and they could be easily exchanged for goods and services.

In the 19th and early 20th centuries, the discovery of large gold deposits in places like California, South Africa, and Australia led to an increase in global gold production and the development of international gold markets.

The creation of the gold standard, in which paper money could be exchanged for a fixed amount of gold, also contributed to the widespread use and standardization of gold.

Today, gold is widely traded on commodity markets, where it is bought and sold based on its current market value. It is used in various industries, including jewelry, electronics, and dentistry, as well as for investment and speculation purposes.

We Buy Diamonds and Gold


When was Gold First Mined?

The exact date when gold was first mined is unknown, as ancient civilizations likely mined it long before written records were kept. However, archaeologists have found evidence of gold mining dating back to at least 4000 BCE in what is now Eastern Europe.

Gold was also mined and used by ancient civilizations in Asia, Africa, and the Americas. The ancient Egyptians, for example, began mining gold in the eastern desert around 2000 BCE, and the Nubians (in modern-day Sudan) were also known to have mined gold as early as 2600 BCE.

In the Americas, the Incas and other indigenous peoples of South America extensively mined gold, and gold was used for various purposes, including as a medium of exchange, for decorative objects, and for religious and ceremonial purposes.

The discovery of gold in California in 1848 triggered the California Gold Rush, which had a significant impact on the history of the United States and led to a surge in gold mining around the world. Today, gold mining is a major industry, with mines located in many countries around the world.

Gold Bullion


How is Gold Mined?

There are several types of gold mining, each with its own techniques and methods. Some of the most common types of gold mining include:

  1. Placer mining: This is the simplest form of gold mining, and involves using water and gravity to separate gold from sediment or gravel. Miners use a pan, sluice box, or other equipment to scoop up sediment from a river or stream, and then use water to separate the gold from the sediment.

  2. Hard rock mining: This type of mining involves excavating rock and ore to extract gold deposits. Miners use explosives and heavy machinery to extract ore from the ground, and then crush and process the ore to extract the gold.

  3. Open-pit mining: This involves creating a large, open pit in the ground to extract gold from the surrounding rock. Large machines are used to dig out the ore and remove waste rock, and the ore is then processed to extract the gold.

  4. Underground mining: In this type of mining, miners go underground to extract gold from veins or deposits. This can involve tunneling through rock or using other methods to access the gold, which is then extracted and processed.

  5. Alluvial mining: This is similar to placer mining, but involves excavating alluvial deposits located on land, rather than in a river or stream.

Each type of gold mining has its own advantages and disadvantages, and the choice of method depends on various factors, including the location of the gold deposits, the size and shape of the deposits, and local regulations and environmental considerations.

Gold Coins


How is Gold Priced?

The price of gold is determined by supply and demand in the global market, and it is quoted in US dollars per ounce. The main factors that affect the price of gold include:

  1. Supply and demand: The amount of gold produced and the demand for gold are the primary factors that influence the price of gold. The price of gold depends on supply and demand. When supply exceeds demand, the price of gold may fall, and when demand exceeds supply, the price of gold may rise.

  2. Economic and geopolitical factors: Economic and geopolitical events can affect the demand for gold and its perceived value as a safe-haven asset. For example, during times of economic uncertainty or geopolitical instability, investors may flock to gold as a store of value, which can drive up its price.

  3. Currency fluctuations: The price of gold is quoted in US dollars, so fluctuations in the value of other currencies can affect its price in other countries. If the US dollar falls, the price of gold may rise in other currencies.

  4. Interest rates: Interest rates can also affect the price of gold, as higher interest rates can make other investments more attractive to investors, reducing demand for gold.

The price of gold is set by the market, and many factors influence the current price of gold that can change over time. As such, the price of gold can be highly volatile. Gold fluctuates based on changing market conditions and investor sentiment.

Gold Spot Price


When was the gold price the highest in the US?

The highest price for gold in modern times was reached in August 2020, when the price of gold reached a record high of over $2,000 per ounce in the international markets. The price of gold had been rising steadily since 2018, as economic uncertainty and geopolitical tensions fueled demand for the precious metal as a safe-haven asset.

What is Gold Bullion and are Gold Coins Bullion?

No, not all coins are considered bullion. Bullion refers to precious metals such as gold, silver, and platinum, which are in bars, ingots, or coins valued primarily for their metal content, and not for any numismatic or collectible value.

Some coins, such as the American Gold Eagle, Canadian Gold Maple Leaf, and Australian Gold Kangaroo, are considered bullion because they are minted primarily for investment purposes, and their value is based on their metal content. Other coins, such as rare or historical coins, may have numismatic value that far exceeds their metal content, and are not considered bullion.

So, it depends on the specific coin and the purpose for which it was minted.




R&J Jewelry and Loan

As a trusted pawnshop, R&J Jewelry and Loan is a pawn shop that sells gold, purchases gold items like gold jewelry, and uses gold jewelry as collateral for quick cash. Not all pawn shops pay well for gold, but R&J does.

The local pawn shop, located in San Jose, CA, is a trusted gold buyer. Most gold jewelry, if pure, has value. Gold bullion, gold coins, and other pure gold items can be sold or pawned for quick cash.

If you have diamond jewelry that contains gold, R&J Jewelry and Loan will test the items and make you a fair offer to purchase the items or write up a pawn loan. The choice is up to you.

As an established pawn shop since 1978, R&J Jewelry and Loan is a family owned shop, and they have built their reputation on personalized services and their extensive jewelry selection in various price ranges.

They strive to set themselves apart from other pawn shops by offering real money for your personal items. Fair and reasonable offers are how they do business. At R & J Jewelry & Loan, they will buy your items or give you a cash loan to get you through the rough times.

Gold, Gold Bullion, Silver Bullion At a Pawn Shop In San Jose, CA

Gold Bullion Stacked On Each Other
Gold Bullion Stacked On Each Other

Bullion is a non-ferrous metal. Non-Ferrous metals are alloys or metals that do not contain iron. All pure metals are considered non-ferrous. Bullion is refined to a high standard of purity. It is used in the production of coins and gold and silver bars. Bullion can also include platinum and other derivatives.

Bullion is bought and sold worldwide, but the London Bullion Market is known as the primary global market trading platform for gold and silver.

Real Gold

The Integrity Standards for Gold Bullion

The London Bullion Market Association operates as an international trade association. It coordinates activities of its members in the London bullion market and sets and promotes quality stands for gold and silver bullion bars. According to the London Bullion Market Association, the acceptable fineness of the Good Delivery Bars is 99.9% for gold and 99.9% for silver bars. The Good Delivery specification is a set of rules issued by the London Bullion Market Association.

The World Gold Council is a market development organization for the gold industry. It is involved across all parts of the gold industry, from mining to investment. Its purpose is to stimulate and sustain demand for gold. The World Gold Council and the London Bullion Market Association are working together to develop and implement an international system of gold bar integrity.

Investment Portfolios

Investment portfolios are a collection of financial investments like stocks, bonds, commodities, cash, gold, and silver acquired to obtain an additional source of income or gain profit over time. Congress authorized United States Mint Bullion Coins to provide investors with a convenient and cost-effective way to add physical gold, silver, platinum, and palladium to their investment portfolios.

American Eagle Bullion Coins

In 1986 the American Eagle Bullion Coin Program was launched and started selling American Eagle Gold and Silver Bullion Coins. in 1997, Platinum was added, and by 1917, palladium was added.

American Buffalo Bullion Coins

By 2006 under Pubic Law 109-145, the “Presidential $1 Coin Act of 2005,” the American Buffalo Bullion Coin was released and is one of the purest gold coins available, with a purity of 24k gold. The act established the guidelines for the coin’s design, production volume, price, legal tender status, gold sourcing, and more.

The Act says that James Earle Fraser’s designs for the ‘Buffalo Nickel’ will be used on the obverse and reverse sides of the $50 coin. All the gold needs to be sourced from the U.S. or in a U.S. territory within a year following the month the ore was mined in. It designates the coin as legal tender and specifies the coins as “numismatic items.”

"Numismatic Value"

Numismatic value is what a coin or coins are worth to a collector. The numismatic value is different from than melt value which is the value of the metals that the coins contain. When valuing coins, they have a value due to their collectibility and the value of the metal they are made from.

June 6th 2022 gold prices

Gold Prices, Silver Prices, Bullion Prices

The price of precious metals is affected by supply and demand, the rate of return for the recipient of the metal, the spot price, and the likely cost of storing and transporting the precious metal. The spot price is the price per gram paid at any time. The spot price of gold or other metals is real-time prices.

The spot price fluctuates daily and throughout the day. Suppose there is an increased demand and low supply, and the price increases. Gold price and other metals pricing also are dependent on future contracts. Inflation, the economy, world events, and supply and demand contribute to the increase and decrease in the price.

Bullion is valued by the value of the precious metal its made of. The most common forms of bullion are bars and ingots, and coins. Bullion comes in gold, silver, and other metals, and gold bars are easily added to investment portfolios for a balanced portfolio.

Bullion and bars are also easy to store and don’t take up much room.

Troy Ounce

The system of a unit of mass primarily used to value and weigh precious metals originated in England during the 15th century using the weight units grain, pennyweight, troy ounces, and the troy pound.

Troy weight was made official for silver and gold in 1527. However, in 1824, the British Imperial systems of weights and measures were established and adopted into the United States as the official weight standard for U.S. coinage by the Act of Congress in May 1828.

The only modern and widespread use of the troy ounce is the British Imperial troy ounces and its American counterpart. In other countries where the International System of Units is mainly used, troy ounces are still used in precious metal markets. A troy ounce is mostly how physical bullion is measured today.

When someone wants to buy or sell gold, the gold is weighed, and the weight is calculated in troy ounces. The market value price of gold or other metals is used to determine the value after the purity of the precious metals is determined.

Pawn Shops will buy, sell, and use gold, silver, gold bullion, silver bullion, gold coins, gold jewelry, and other precious metals to secure short-term loans.

R&J Jewelry and Loan Logo

R & J Jewelry and Loan

R & J Jewelry and Loan, located in San Jose, CA, is in the business of providing full-service pawn services. The shop offers a full range of pawn shop services, and an investor can find the precious metals they are seeking for a balanced portfolio to set up as a hedge against inflation.

The family-operated store has continually built a reputation for personalized services and an extensive inventory of gold, silver, bullion, and luxury items. Since 1978 expert pawnbrokers have offered real money for high-end personal items, and fair and reasonable offers are how they do business.

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