Category: Valuing Gold

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How To Get A Pawnbroking Loan

Pawnbroking has been a trusted method for securing loans for centuries. For those in the UK, understanding how to get a pawnbroking loan can be a valuable asset in times of need. As a leading cash for gold company, J Blundell & Sons simplifies this process for those looking to pawn their valuables.

Why Choose Pawnbroking?

Pawnbroking provides a quick and hassle-free way to obtain a loan. Unlike traditional bank loans, pawnbroking doesn’t require credit checks. This means, that even if you have a poor credit history, you can still secure a loan using your valuables as collateral. Moreover, with J Blundell & Sons, you’re assured of a transparent and fair valuation of your items.

Why Pawnbroking Over Traditional Loans?

Pawnbroking offers clear benefits over traditional loans. Pawnbroking loans offer immediate cash access without navigating the hurdles of banks. Whilst your valuables secure the loan, your credit history isn’t a factor, making the process of application a much more straight-forward process. In addition, pawnbroking loans provide transparent terms and flexible repayment options, to enable you to pack back the loan with a plan that suits you. Essentially, pawnbroking serves as a faster, more straightforward financial solution over the traditional loan processes.


Pawnbroking Loan J Blundell & Sons Process

J Blundell’s & Sons offer both an online estimate and in-store valuation. See below for the simple steps as to how you can receive an estimation or valuation today.

Online Estimation:
1. Visit the J Blundell & Sons Borrow Page.
2. Fill out the online form detailing your item’s description, condition, and other specifics.
3. Upload clear photos for a more accurate estimate.
4. Submit and await a response from the J Blundell team.

In-Store Valuation:
1. Located in the heart of London’s Hatton Gardens, you can visit J Blundell & Sons store for a direct valuation.
2. Get an offer based on the current market value by experienced staff.
3. If the offer aligns with your expectations, your valuables are safely stored as collateral.

How to Finalise Your Pawnbroking Loan with J Blundell & Sons

Know Your Item’s Value: Before you step into J Blundell & Sons, familiarise yourself with the value of your item. This preparation ensures a seamless valuation.

Check Out Their Borrow Page: Dive into the J Blundell & Sons Borrow Page to get all the loan details you need.

Request an Online Estimate: Complete their online form, making sure to describe your item and attach clear photos.

Wait for Feedback: The J Blundell team will assess your details and promptly send an initial loan quote.

Visit Their Hatton Gardens Store: For a detailed valuation, drop by their store in the heart of London.

Seal the Deal: If their in-store valuation aligns with your expectations, go ahead and agree to the loan terms.

Trust Them with Your Valuables: Rest easy knowing J Blundell & Sons will keep your item safe as collateral.

Stay Prompt with Payments: Remember to repay on schedule, so you can get back your pawned valuables without a hitch.

Conclusion

Opting for pawnbroking with a trusted name like J Blundell & Sons gives UK residents an efficient, straightforward, and trustworthy avenue to secure loans. Your valuables aren’t just possessions; they’re your financial safety net when you need it. Should you need any further information and would like to speak to someone about a pawnbroking loan, please contact us.

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How to assess the quality of Gold investments

Investing in physical Gold has long been considered a safe and reliable way to protect your wealth against inflation and economic uncertainty. 

But, not all Gold investments are equal. When you are buying Gold coins and bars, it is important to assess their quality and purity before making any purchase.

The quality of a Gold investment can greatly impact its value and durability over time. Factors such as weight and size, appearance and finish, brand and reputation, and certification and authentication should all be taken into consideration. 

A reputable and trustworthy Gold dealer will provide you with detailed information about these factors, giving you peace of mind that you are investing in a high-quality product that will stand the test of time.

It’s also important to check the purity of your Gold investment. The purity of Gold is measured in karats, with 24k Gold being the purest form. However, many Gold coins and bars will contain alloys such as copper or silver, which can affect their overall purity level. It’s really important to understand the hallmarks and markings on Gold coins and bars and the testing methods used to verify their purity. 

This knowledge will help you make informed investment decisions and ensure that you get the best value for your money.

Investing in high-quality and pure Gold is about securing your financial future and preserving a piece of history. 

Gold has been a symbol of wealth and power for centuries and continues to hold a special place in our British culture. By investing in physical Gold. you are becoming a part of this rich history and ensuring that it endures for generations to come. 

Quality factors to consider

Firstly, ensure you’re not getting short-changed on the weight and size of your Gold coin or bar. A well-minted Gold product should match the description provided by the dealer with no discrepancies. You want to ensure that you invest in a legitimate and trustworthy product.

Appearance matters! A high-quality Gold coin or bar should have a clean and crisp design, free from blemishes or dents. The surface should be uniform and reflect light evenly. The more pristine the design and finish, the better the quality of the gold product.

Choose a reputable dealer with a solid track record of providing high-quality products. Investing with a trustworthy dealer can help you avoid scams and fake products that could cost you a lot of money.

Certification and authentication are crucial when investing in Gold. The refinery providing Gold bars should be accredited to LBMA (London bullion market association) 

All gold bars <100gm  should be sealed and carry a certificate on the packaging itself and 

have a physical certificate. All Gold bars have a serial number indented on the bar, which should be the same on the certificate.

Always ask for certificates of authenticity to verify the weight, purity, and other important details of your gold investment. This documentation will give you the peace of mind that you’re investing in a high-quality product.

By keeping these quality factors in mind, you can invest in high-quality Gold that will hold its value and bring you years of financial security.

If you need help with your Gold investments, you can call or visit us at our shop in London. We will be happy to advise you!

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How is value of gold jewellery calculated?

It is one of the most frequently asked questions and quite possibly one of the key misunderstanding in valuation of gold jewellery!

When it comes to selling gold, there are often misunderstandings about how its value is determined. The price of gold is based on its live market trading value, represented as pounds per troy ounce of fine gold. The purity of gold is measured in carats, with the most common being 9, 14, 18, and 22 carats. Gold is valued at 24 carats or 99.999% purity, so if your jewelry is 9 carats, it contains 37.5% of fine gold. To determine the value of your gold jewelry, you can use a handy web calculator that takes into account the current gold price and the carat weight of your item. Don’t let misunderstandings prevent you from getting the best value for your gold.

You can use this handy web calculator to calculate price of gold in each carat.

Gold jewellery is made in different carats (that is purity or % of fine gold by weight) usually being 9 carat, 14 carat, 18 carat or 22 carat.

Table below shows usual carats in % of fine gold,

Carat% of Gold
937.5%
1458.3%
1875.0%
2291.6%
Most common carats in gold jewellery
fine gold is 99.999% in purity and is values at 24 carat. Valuation of gold jewellery
Gold is valued at 24 carat or 99.999% purity

So if you have jewellery which is 9 carat, then there would be 37.5% of fine gold in it.

Lets say it weighs 10 grams then it would have 3.75gm (10gms X 37.5%) of fine gold. So, if gold price is £1,450 per troy ounce today then your jewellery would be valued as 3.75gm X £46.61/gm = $174.78

In conclusion, understanding the valuation of gold jewellery is important before you decide to sell it. The purity of gold jewellery is measured in carats and the price of gold is determined by its purity and weight. Knowing the current market price of gold can help you get the best deal when selling your jewellery. By using the calculation methods and handy web calculators, you can easily determine the value of your gold jewellery based on its weight and purity. With this information, you can approach gold dealers with confidence and negotiate the best possible price for your gold.