transact from Home & In Store

FREQUENTLY ASKED QUESTIONS

Can a gold loan be renewed? 

Yes, in some cases, gold loans can be renewed beyond six months. Our team can confirm whether it is possible and guide you through the gold loan renewal process. Online payments are also available. Please contact the store directly for further information. 

Can I redeem my gold pawn shop loan early? 

Yes. You can repay your loan early at any time, and interest will only be charged up to the point of redemption. 

Can I pawn gold-plated jewelry? 

Many pawn shops won’t accept gold-filled or gold-plated items. We specialise primarily in solid gold for loans, so we typically do not take gold-plated jewellery, unless it’s branded jewellery. If you’re unsure whether it’s solid or plated gold, please get in touch, and we can verify this for you. 

Can you pawn gold teeth? 

No, we do not accept gold teeth as collateral for a gold-backed loan. 

What precious metals do you offer loans against? 

You can sell or loan on gold, platinum, palladium and silver with us. 

Can I get cash for gold in London? 

Yes. ‘Cash for Gold’ can mean either selling your gold or borrowing against gold, and we offer both options in our London gold stores. 

Do you have a gold loan calculator? 

Yes, we do. You can use our online pawn shop gold calculator to get our gold pawn rate based on the weight and purity of your gold items, using the latest gold price. It’s a fast and easy way to see how much you could borrow. 

What is the gold pawn price today? 

The pawn price for gold changes daily in line with the international gold spot price. Contact us for today’s gold pawn rate and a tailored loan offer, or use our online gold pawn price calculator to get an indicative estimate. 

Do pawn shops buy gold? 

Yes, we buy gold jewellery, coins, and bullion, or accept them as collateral for a loan. With gold prices currently near record highs, now is an excellent time to raise funds on your gold collection. 

How much can you pawn a gold ring for? 

It depends on the ring’s weight, carat (purity) and the current gold price. Once these are assessed, we can lend up to 75% of its market value. 

Do pawn shops accept broken gold jewellery? 

Yes. Most pawn shops, including ours, accept broken gold jewellery, as it is usually valued based on its weight, purity, and gold content rather than its condition. 

How do pawn shops check if gold is real? 

Most pawn shops verify the authenticity of gold by testing its purity, weight, and metal composition using tools such as acid tests, electronic testers, and XRF machines to confirm its authenticity. 

Do you offer gold finance for purchasing gold? 

Our loans can be used to purchase gold on finance, although we would require physical possession of the gold before releasing funds to the borrower. Many of our clients leverage their existing gold investments to fund new gold investment opportunities. 

How to buy gold from pawn shops? 

Pawn shops can be a good place to buy gold, as you can often find competitive prices and unique pieces. We regularly offer collectible gold coins for sale online and may have additional gold jewellery available in our three London stores. If you’re wondering whether gold is cheaper at pawn shops, you can often find excellent value compared with traditional retailers. 

Will the price of gold increase? 

Gold is often considered a long-term investment that typically increases in value during challenging economic times. That being said, the spot price of gold has increased a lot recently. Because the spot price is high, the base price of all gold jewellery has risen, which affects everything made of gold. Therefore, if you have old necklaces, rings, earrings or other gold items, right now is the time to turn your old jewellery into cash. 

Can I transfer my gold loan balance to you? 

Yes. Many clients choose to transfer their gold loan to us from a competitor. While the process involves redeeming your existing gold loan and taking out a new one with us, we can guide you through each step to make it as smooth as possible. 

Is it better to sell gold or pawn it? 

It depends on your needs and personal circumstances. Read our Sell Vs Pawn Gold Guide to help you decide. 

Do you get more money selling or pawning gold? 

You will usually receive more upfront by selling gold because you are paid its full value. A pawn loan is only a percentage of that value, protecting the gold loan company over the six-month loan term against gold price fluctuations. 

What is a hallmark? 

British hallmarks are impressed into precious metals and typically include an assay office mark that certifies its purity, a letter representing the date, and a maker’s mark. Hallmarks originated in 14th Century London to represent the mark of Goldsmith’s Hall of Worshipful Company of Goldsmiths. 

Can you pawn unhallmarked gold? 

Yes, we accept unhallmarked gold as loan collateral, provided we can verify its authenticity and purity. 

What are the documents required for a gold loan? 

We require a valid photo ID (such as a passport or driving licence) and proof of address (such as a recent utility bill or bank statement). In some instances, we may require proof of ownership or a purchase receipt. 

Do you have a draft gold loan agreement? 

Yes, our pawnbroking agreement will be provided to you during the loan process.