Gold and Silver Coins for Sale at SoCal Pawn Shops

1. Look Up the Price of Gold and Silver

Before you shop for gold or silver coins at pawn shop, review the current prices of each precious metal. The current prices will set the sales price. If you’re armed with the facts about the current going rates for an ounce of gold or silver, you’ll be an educated buyer.

2. Use Your Knowledge to Negotiate

If you’re a seasoned collector, you’ll probably have experience in negotiating for the best price for your purchase. However, even if you’ve never negotiated before, a pawn shop is the perfect place to give it a shot. Use what you know about the price of precious metals, and/or any information you have about a specific coin, to try to get a better price. If you don’t know where to begin, it never hurts to let the pawn shop quote you a price, and then offer 10% less. Many times you’ll wind up meeting somewhere in the middle.

3. Plan to Pay in Cash

Cash is preferred at pawn shops because they offer pawn loans every day, in addition to buying items from customers. Moreover, when you pay cash, you save the pawn shop, which is often a small, independently owned business from having to pay fees on every credit card transaction they process. You can often get a better deal on a gold coin, silver coin, or other item if you pay in cash.