Sell Your Precious Metals

At King Gold and Pawn, we aim to make everyone feel comfortable by providing them with all relevant information. With testing and weighing your items on our calibrated and certified scales, we are your one-stop spot to pawn or sell your precious metals. We pride ourselves on assessing the true worth of your items and offering you the best possible deal, making for a hassle-free experience. Get cash for gold today!

Request your free appraisal today!

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What are Precious Metals?

Precious metals are rare, naturally occurring metallic chemical elements that have high economic value. Precious metals can be used for a variety of purposes, including jewelry, investments and various specialized industrial applications like technology, medical and aerospace.

Here are some characteristics that define precious metals and contribute to their value:

  • Rarity - Precious metals are relatively rare in the Earth's crust, making them difficult to find and extract. This natural scarcity and limited supply enhance their desirability and contribute to their high value.

  • Physical and Chemical Properties – Precious metals are highly resistant to corrosion and tarnishing, allowing them to retain their appearance and structural integrity over time. Along with their durability, these metals can be easily shaped and formed into various objects, such as jewelry, coins, and industrial components, without breaking. Metals like silver and gold have excellent electrical and thermal conductivity, making them essential in various technological applications.

  • Historical and Cultural Significance – Historically, precious metals have been used as currency and a standard of value, which has established their importance in global economies and making them attractive to investors. Precious metals are often associated with wealth, power, and status in many cultures throughout history, especially in religious artifacts, crowns, and ceremonial objects.

  • Industrial Applications – Precious metals are critical in many industrial applications due to their unique properties. For example - Gold: Used in electronics, dentistry, and aerospace due to its conductivity and resistance to corrosion. Silver: Utilized in electronics, solar panels, and medical devices because of its conductivity and antimicrobial properties. Platinum and Palladium: Employed in catalytic converters, fuel cells, and various industrial processes due to their catalytic properties.

  • Market Dynamics – The value of precious metals is influenced by the balance between their supply (primarily from mining and recycling) and demand (from industrial, investment, and consumer markets). Economic conditions, geopolitical events, and market speculation can significantly impact the prices of precious metals. During times of economic instability, demand for precious metals as safe-haven assets tends to increase. The value of precious metals is also supported by established standards for purity and weight, which provide confidence and trust in their authenticity.

  • Aesthetic Appeal – The visual appeal of precious metals, combined with their workability, makes them highly desirable for creating intricate jewelry, decorative items, and art pieces. Their luster and color add to their attractiveness and value.

Top Precious Metals to Sell or Pawn

The value of precious metals is a result of their rarity, unique physical and chemical properties, historical and cultural significance, diverse industrial applications, market dynamics, and aesthetic appeal. These factors collectively ensure that precious metals remain highly sought after and valuable in various contexts.

The most commonly recognized precious metals for resale and pawn include:

King Gold and Pawn Locations

Visit one of our many King Gold and Pawn shop locations across New York today for your free appraisal and have all your questions answered by our friendly and knowledgeable staff.

Request your Free Appraisal Today

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How Our Loan
Process Works

  • The minimum period for repayment of an AML loan is 60 days and the maximum period of repayment is 120 days or longer if you renew your AML loan.
  • You are not required to pay back the full loan amount for the first 120 days. If you pick up your loan the same day, you have to pay 1 month of interest (2.5%) for the purpose of securing and storing items in a vault.
  • Loans can be paid-off at any time during the loan term at no extra charge.
  • We will only charge for time in which the loan had a balance outstanding.
  • We do not charge interest on the interest amount added to the loan.
  • The Maximum Annual Percentage Rate (APR) for our AML Loans is 30%.
  • Here is an example of the total cost of an AML loan. If you borrow $100 for 120 days (4 months) at our monthly interest rate of 2.5% you would pay a total of $10 in interest for a total of $110.
  • All items will be returned to the borrower in the exact condition received after the loan balance has been paid in full. We hold the right to sell the collateral if the borrower fails to repay the loan as agreed.