Tip #2: what is the price of the metal on the market? This is something that fluctuates. Now, I can’t tell you what the right time to sell would be is, but start to observe the market. Once you see even a little bit of a spike that is above the trend, go for it.
Tip #3: melt or sell? This is more important than you would think. Sometimes, the gold or silver, or especially in the case of jewelry, the piece is worth more in its original condition. Let’s say you go to a pawn shop in Johannesburg–they will be more than glad to help you find out the value of the piece in melted form versus original form. The Johannesburg pawn shop, in this case, would be more knowledgeable on this than the internet.
Tip #4: choose a place with a permanent address. This is more for your security. The Johannesburg pawn shop, or the Gauteng pawn shop, would have a permanent address. Even in the case of selling online, make sure to have an address to trace back to.
Tip #5: most importantly, have an ID. You can’t sell your items without having a government-issued IDs.
Keep these tips in mind when you traipse your way to the Johannesburg pawn shops.