How to Figure Out The Worth of Gold

Gold is valued based on karats (with 24 karat gold being the purest and therefore the most valuable) as well as by weight. Gold weight is measured in Troy ounces. A Troy ounce is 31 grams, so if you weigh your item on a scale capable of reading grams, and divide by 31, you'll get it's weight in Troy ounces. Next, you'll need to look up the value of your type of gold, simply put, you take the karat of your gold and divide it by 24 and this will give you the purity. Current up to the minute spot gold prices can be found at kitco.com


Gold is always a good option whether you're looking for some extra cash, or just wanting to take advantage of the current high prices. Almost all pawn shops pay a percentage of "scrap price" for gold. Be aware, though, that some antiques (such as watches) may be worth significantly more than scrap price, depending on their rarity and age, so make sure to take your items to a reputable place before you make a deal. Here at Presidential Pawn we have 3 generations of experience in dealing in precious metals, diamond jeweler, and fine timepieces.

Borrow $10 to $100,000 -

we hold all pawns for 30 days with no obligation to pay. Call us for details!




Pawn shops are an excellent shopping destination for people looking to save on diamond jewelry, especially engagement and wedding rings. We are also very busy around Valentine's day. Thus, if you have diamond jewelry that you're looking to sell or get rid of, Presidential Pawn is a great place to sell. We also buy loose diamonds regardless of size. Whether you're looking to buy, sell or trade in your diamond jewelry We've got you covered. We always pay a fair price and look forward to serving you.

Walk in to our huge store to discover an incredible array of like-new pre-owned fine jewelry and watches at prices that will be sure to satisfy. The inventory is constantly changing. If you're looking for the perfect gift for a friend or family, or that one of a kind piece of jewelry to treat yourself, we are sure to have just what you're looking for. Why buy new when you can get the same jewelry at a fraction of the price at Presidential Pawn? Whether you're looking for a quality piece of Black Hills gold at price price that can't be beat, or a large diamond we are sure to have what you want. All of our jewelry is reconditioned to look like new, the only difference is the price. Be sure to stop in the next time that you're visiting the historic downtown Rapid City.

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