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  • Writer's pictureGlenda Craddock

How Does it Work When You Pawn Gold?

Wondering how it works when you pawn gold? If it's your first time, choose the right pawn brokers to work with to ensure a good experience. As your local gold and silver pawn shop, we make it very easy for you to pawn gold chains, gold bracelets, a gold wedding ring, gold engagement rings, or other items. We have years of experience with granting these loans to our customers, and we would love to help you. If you want to sell gold, we can help with that, too.

A little curious about how pawning gold works? We've broken it down here, and we have a ton of other information on our website, too. Plus, you're always welcome to stop by or give us a call and talk to one of our in-store experts. One of the most important things to us is making sure we are always transparent with our customers, and we will answer any and all questions that you have!

One ounce gold bars stacked on top of one another

Choose the Gold You Want to Pawn

The first step is choosing the gold and diamond jewelry or other gold items that you're interested in pawning. Since your loan amount is based on the value of your gold items, it makes sense to bring in more valuable gold items if you're looking for a great way to borrow more money. As you can probably imagine, a nice gold Rolex watch or a couple of diamond rings that are made from gold will generally allow you to take out a bigger loan than a small amount of scrap gold or a simple 10K gold wedding band. However, as gold buyers, we value all items made from gold. Also, remember that you can bring multiple gold items to use as collateral for your loan, too.

Don't Forget Your ID When You Pawn Gold

When you come in to get the best deal on your gold items, don't forget to bring your ID. This isn't us being hard to get along fact, we want to do everything we can to make it easy for you to borrow money from us. However, due to state law, we are required to see your ID when making a pawn loan, no matter how much money (or how little money) you are borrowing.

Get a Loan Offer on the Spot | Pawn Gold in Chesapeake

When you come in with your gold and your ID, we will make you a loan offer on the spot. In fact, if you're hoping to borrow money as soon as possible, you have picked the right place! At either of our pawn shop locations -- Greenbrier Pawn in Chesapeake or Hilltop Pawn in Virginia Beach -- we make loan offers on fine jewelry & more in minutes. Because we have so much experience as a local pawnbroker, this is something we have done many times. This means it won't take us long to figure out the current market value of your items, so you'll have answers in no time.

Leave With Your Cash from Your Pawn Loan Today

Interested in the loan offer that we're offering for your piece of gold? We will make you a great deal on the spot. If you decide you're interested in taking out a loan from us, we'll give you the cash on the spot. Plus, we'll explain everything about when your loan has to be repaid and how much you'll have to repay. It's all very quick and easy, and we'll do everything we can to help you along the way!

​The process of taking out a pawn loan on gold items of value is very easy. Bring your gold jewelry and other precious metals to us at your local pawn shop, and you'll be able to borrow money soon. Our reputable pawn shop is the best place to pawn your gold or other valuable item. Come get a quick cash loan for anything, and as the best pawn shop in town, we'll make you the best possible deal! Have questions about how it works? Give us a call or stop by, and we'll give you a full run-down on how our collateral loans work.

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