Can I cash in my gold at a pawn shop?

The reason that the pawn shop uses a scale to determine the worth of gold is because gold is valued by troy weight (ounces) and per gram. It is necessary for the pawn shop to weigh it to determine its exact value. Do keep in mind that if you are selling, for instance, a piece of old, damaged gold jewelry to a pawn shop for gold scrap, it will be worth less than selling a piece of gold jewelry for the pawn shop to resell as it is.

Selling gold for scrap value is selling it for the least it is worth. The troy weight is the standard of measuring gold, so yes, there is a standard for it. More specific information on how gold is measured and valued by weight, please refer to the following informational link: en.wikipedia.org/wiki/Gold#Price.If you suspect that the pawn shop owner is trying to defraud you or being dishonest about the value of your gold, you should not proceed in the sale of it.

I would get a second opinion in that case.

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