If money is needed urgently, one of the ways to get it is to hand over the gold in the house to a pawnshop. As a rule, a pair of gold jewelry can be found in any family, so almost every person has that little thing that can be pledged. The procedure for accepting gold at pawnshops is usually simplified and takes no more than twenty minutes along with the assessment of your gold products.
Instructions
Step 1
If possible, go around several pawnshops in advance. Each has its own interest rate, conditions for calculating interest in case of delay in payment and special conditions. Please note that the average percentage in Russia that pawnshops charge for issuing money secured by gold products is rather big, and depending on the region of the country and the pawnshop, it can range from 0, 30 to 2 per day. Therefore, try to find a place that will accept your products at a reasonable price and without overpriced percentages.
Step 2
Carefully select those things that you are going to hand over to the pawnshop. Remember that, according to the law of the Russian Federation, gold bars, medals, all kinds of production and laboratory parts are not accepted on bail. You will also be refused if you bring gold leaf. The item must have a fineness of 585 or 750. Jewelry with stones is generally accepted, but the weight of the stones is deducted from the total weight of the gold items.
Step 3
Be sure to take your passport with you to the pawnshop. You have the right to refuse to accept gold if you have not yet reached the age of 21. If everything is in order with the documents, the receiver will offer you to read the contract, familiarize yourself with the interest rate and price per gram of gold. Be sure to specify how many days the period lasts until you can redeem your products or re-mortgage them (pay only interest). After the expiration of this period, according to the agreement, all your handed over products will become the property of the pawnshop, if you do not have time to redeem them.
Step 4
After evaluating the products and signing the contract, you will be given the amount indicated in the pledge slip. Try to get this money back as soon as possible, because the percentage will grow every day. Moreover, after you exceed the cash refund period specified in the documents, you will be charged a penalty at a double rate. If initially you do not plan to redeem gold, it is better to sell it right away, and not give it on bail. Then the price will not be much, but higher.
