Your Guide to Gold
For over 20 years, Yankee Peddler and Pawn has been Connecticut’s most trustworthy pawn shop, especially when it comes to buying and selling gold at each of our locations in Groton, New London, and East Hartford. Our friendly and honest staff is committed to providing you with a great experience by quickly appraising your items to get you cash fast. We pride ourselves on offering our customers honest and discreet transactions.
Gold, Our Favorite Metal
If you’ve ever google searched what is gold, I am sure you have come across many technical answers as to what gold is. Some common answers are that gold is the atomic number 79 and has a yellowish coloring. Although this is true, gold is so much more than an atomic number we learned about in 8th grade science, it is a commodity used to back the value of currency around the world. Gold is unique because of all that it can be; a rare metal, beautiful jewelry and of course money!
The Value of our Favorite Metal
According to Monex, much of the value that comes from gold is due to the scarcity of the metal. Research has suggested that the world’s holding of gold throughout history adds up to about 120,000 metric tons. Due to its uniqueness, gold investors place value on the metal for different reasons such as:
- Scarcity,
- Tradability
- Investment/ Savings
Depending on the reason for acquiring or selling gold, investors see gold a precious metal.
Pricing Factors
Like other precious metals, the value of gold fluctuates throughout the day while reacting to economic events. Around the world gold is directly affected by the relationship between the number of sellers and the number of buyers.
Pawning Gold
One of the major benefits to pawning gold is the fast cash! If you need money quickly but also want to keep your precious coin or jewelry you can. Another perspective is, if you’re selling gold, you have something that people want so selling is to your advantage. Here are a few things to consider before selling:
- Know the CURRENT Value of Gold:
As we mentioned before, the value of gold fluctuates. Your best bet is to use a baseline to determine the price of your gold
- Know the Karat of Your Gold:
The karate of your gold is how purity is measured. 24 Karate, pure gold is so soft it can be bitten into. If you’re selling a gold ring, the karat is typically engraved on the inside of the band.
- Don’t Mix Karats:
When pawning gold, it is imperative to keep all gold pieces separated specifically by karat. Be 100% certain to how much each karat of gold is in your collection. If you need help determining Karats, have your back, just call and ask!
Our Process:
With over 20 years of experience in the gold buying industry, we quickly evaluate the karat weight and value of your gold and present you with a competitive price based on current market conditions on the spot. We pay you the MOST for your Gold, guaranteed! Don’t be taken advantage of at other places. The price of gold is at an all-time high, and we accept gold rings, coins, jewelry, and more! Get in touch with us today!
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5 Ways to Fulfill Your New Year’s Resolutions
The crazy, hectic holiday season is finally over. Yankee Peddler and Pawn is your one stop destination to get rid of all of those unwanted gifts and gain some extra cash after the holidays. It’s the perfect time to start your New Year’s resolution of living a clutter free life! Here are a few ways to help fulfill that New Year’s goal.
1: Plan Plan Plan
Staying organized isn’t always an easy task, with balancing work, school, children, family, friends and whatever else life throws your way it is easy to get unorganized fast! We recommend using a planner or the calendar application in your phone to keep everything in order. Block out time for cleaning, working, free time and of course…more planning!
2: Purge When Needed
Clutter can build up fast, especially if you live with more than just yourself! Take time to go through that clutter as often as you need to. You can even make back some of that money by coming and visiting us at Yankee Peddler and Pawn! We’re here to help you achieve your New Year’s goal by purchasing your unwanted items and gold.
3: Make Time For Yourself
It is super important to make time for yourself. We often forget to treat ourselves because our schedules are so hectic! Self care is crucial if you want to stay organized. When you’re a mess, usually your home is a mess! Your health is also often impacted by stress and organization and by staying organized you can eliminate some of that stress and ultimately stay healthier!
4: Make A To-Do List
Making a To-Do list will help you remember what tasks you need to accomplish throughout your day. First start by jotting down everything you want to do for the day. Then prioritize! This is where you really see how much you can pack into your day and complete what needs to be accomplished. For example, cleaning out your closet might be number one on your list so you can get over to Yankee Peddler and Pawn to sell some stuff before they close for the day!
5: Put It Away
What typically happens after a long day is you throw everything down, hop in your comfy clothes and become a couch potato for the rest of the evening. Tip: DO NOT DO THAT. Making sure everything has a good home and is put back in that home after you’re done with it will help you stay organized, clean and limit the amount of times you lose things!
To stay organized and clutter free follow these 5 tips and you’ll be on the path to success! Don’t forget that your friends at Yankee Peddler and Pawn are here to help you eliminate the clutter and ultimately put cash back in your pocket. Contact us for more information!
We’ve got your pot of gold at YPP!
Did you know, the price of gold is at a general all-time high since the financial crisis of 2008? In response to the crisis, gold hit a whopping $1,895 an ounce in September 2011… crazy huh? Regardless of the price of gold, it will always remain extremely valuable in society simply because it has for over 3,000 years already.
Now, gold isn’t valuable just because it is shiny and makes your girlfriend really happy (although those would be valid reasons). Instead, gold is valuable because of its chemical properties, its timeless appeal, its long term store of value, and the fact it has no counterparty risks. Basically what all this means is that gold is very hard to be destroyed, it is aesthetically pleasing, and its value cannot fall to zero. Would you agree these all seem like great reasons to invest in some gold? Now, we’re not expecting you to get out there, get your leprechaun game on and attempt to find a pot of gold under some illusionary rainbow, because we’ve already done all that for you.
Yankee Peddler and Pawn is feeling luckier than ever this March due to our wide selection of gold we have here for our customers, you guys! Our inventory is spread across our three locations in Groton, East Hartford and New London, and consists of pieces from name brands like Tiffany & Co., Michael Kors and Rolex. Every piece of jewelry has been appraised by our own professional leprechauns. So stop in today, you never know what you’ll find!
A Clutter-Free 2019 with YPP
The rushing around that comes with the holiday season is finally over. Gifts were wrapped, Christmas dinner was made, the stockings were hung, and your home is now peaceful again. The Holidays are over… but maybe you were given a few gifts where the thought was there, but you have no need for that power drill left sitting under the tree or the guitar that you stopped learning to play 4 months ago. If this is the case, don’t worry! Yankee Peddler and Pawn is your one stop destination to get rid of all of those unwanted gifts and gain some extra cash after the holidays.
Need to get rid of some of the gifts you received or looking for fast cash after purchasing all those christmas presents for your friends and family? No matter your reason we’ll buy all of your unwanted items from electronics to jewelry, don’t worry we won’t tell your aunt that you hated the gold chain she got you, we’ll just give you some cash so you can buy something you actually want. Help supplement your pockets after the holiday hit. We’ll give you fast cash for all of your unwanted items.
With the holidays over and the new year around the corner, it’s the perfect time to start your new year’s resolution of living a clutter free life! We all have items lying around the house that have been collecting dust for the past 4 new year resolutions. Scoop up all those unwanted items including dvds, video games, unwanted jewelry, collectibles, equipment, sports gear, and musical instruments jump in your car and bring them down to Yankee Peddler and Pawn to earn some extra cash and finally follow through on that resolution!
The holidays may be over, but that doesn’t mean the gift giving has to stop! Show your appreciation for a host, colleague, teacher, spouse, or neighbor with a gift from Yankee Peddler and Pawn. Say thank you to the aunt that hosted you and your thirteen other family members this Christmas, or suprise the love of your life with a necklace after the holidays are over…. (pro tip) she’ll never see it coming, and you’ll give her something to talk with the girls for the next three weeks. Yankee Peddler and Pawn has brand name products at affordable prices. Top brands include Rolex, Tiffany & Co, Michael Kors, Fender, Yamaha. If you’re looking for a luxury item don’t pay full price. Stop by one of our three locations or shop online at our ebay store for the best prices on the all the products you’re searching for!
Not only does Yankee Peddler and Pawn purchase those unwanted items lying around your home, we also buy gold! Whether its broken or just out of style, we’ll purchase all your gold jewelry or coins and give you cash on the spot. Gold prices are at an all time high, don’t wait, bring your gold items in today and we promise to give you the most cash for your gold! The process of selling gold can be a hassle, we’ll make the experience quick and convenient, offering you an estimate on the spot that will have you walking out the door with cash in your pocket.
If you can’t find what you’re looking for at one of our locations stop by the other two for a completely different selection of treasures! You never know what we have in stock, with stores in East Hartford, Groton, or New London we’re sure to have whatever you’re searching for! Don’t feel like leaving your house and venturing into the chilly January air? Shop online at our ebay store…. Deals without leaving your couch, what could be better? Looking for a particular item or brand? Call ahead to check with one of our professionals and see what items we have in- store.
Whether you’re looking to de-clutter your home in preparation for the new year, earn some extra cash after the holidays, get rid of unwanted gifts, or purchase that item you’ve had your eye on but didn’t get this holiday season Yankee Peddler and Pawn is your one stop destination for all your needs. Happy hunting!!
Your “One Stop Shop” for the Holidays
The holidays are finally upon us and we couldn’t be more excited. The weather is finally starting to feel like winter, the holiday decorations and lights are starting to illuminate the streets, and the holiday flavors and scents are starting to fill the air. I think it is finally time when you can listen to Christmas music with no shame. You don’t have to hear people complain, “What about Thanksgiving? It’s too early for Christmas”. Thanksgiving is over and everyone is now in full acceptance that the holidays are here. This begs to ask the question; have you finished your holiday shopping yet?
This time of year is all about giving and sharing moments with the ones you love most. Unfortunately, the giving season always brings out two kinds of people. First are the ones who have already finished their holiday shopping and have been done for a while. The ones that plan ahead and buy gifts throughout the year. In our opinion, the smarter and less stressed of the two. And second are the ones who most likely haven’t gotten anything for anyone yet. The ones who are going to panic in a few weeks when there are only a few days to spare. The ones who apparently like having the challenge of a deadline.
To those of you that waited until now, there is no need to panic. Here at Yankee Peddler & Pawn, we have everything you need to finish up your holiday shopping. We carry video games and consoles for the gamer in your life. We have cameras, drones, and instruments for the artistic one in your life. Our instruments have been brands such as Fender, Pearl, and Yamaha, to name a few. We have electronics like TV’s, phones, and computers for the techy in your life. And we have jewelry for the love of your life. We have carried brands like Rolex, Seiko, Tiffany & Co., Michael Kors, and Pandora. We are always getting in new items, so our inventory is constantly changing. Yankee Peddler & Pawn has something for everybody, no matter who you’re shopping for.
If you need to make room for new gifts coming your way or need some extra cash to finish up your shopping, bring in your gently used items to Yankee Peddler & Pawn and we will give you cash, fast. We value our customers and always present them with the best deal for their item. We buy items like broken or unwanted jewelry, tools, electronics, collectibles, and more. With over 20 years in the gold buying business, we can guarantee a simple and convenient process when selling your gold. We can quickly and accurately present you with competitive prices for your items, whether they are rings, coins, or jewelry. Don’t be taken advantage of at other places! The price of gold is at an all-time high, we guarantee to offer you the most cash for your gold.
Don’t put yourself through the stresses of holiday shopping. Stay away from the pushy crowds and the long lines at the mall or department stores. Forget those big box retail stores with their hectic crowds and save money with us at Yankee Peddler & Pawn. We specialize in used instruments, power tools, and fine jewelry. Don’t put your trust in online shopping to hopefully arrive in time. You never know what problems might happen with holiday shipping. Come shop at Yankee Peddler & Pawn and get what you want, when you want it, and always at a great price.
If you don’t find what you’re looking for at one location, don’t worry. Check out one of our other locations, located in Groton, New London, or East Hartford.
What one location might not have, one of the others might have something even better. If you’re looking for something specific, give us a call and one of our friendly staff members will gladly answer any questions you may have. We look to create lasting relationships with our customers so that we can continue to have their business in the future. We would love to help you finish up your shopping for the season. Hope to see you soon. Happy Holidays!
December 07, 2018
Fall, Football, and Friendsgiving
November is here and that means 3 things: fall weather, football games galore, and Thanksgiving (Friendsgiving if we’re sticking with the F theme). This time of year just seems to put a smile on everyone’s face, especially ours here at YPP. We have everything you need to help you prepare for these 3 things that fall is famous for.
For the Fall weather, we have a selection of clothing options ranging from jackets to shoes to help you stay warm in the brisk, fall air.
For the athletes out there, we have all sorts of sporting goods for football and other sports in case you want to shake things up a bit.
And for Thanksgiving, we have a unique collection of antique and home items that would be great additions to the display of your Thanksgiving, or Friendsgiving, table setting.
Stop by the nearest YPP and start preparing yourself for the full Fall experience. We have locations in Groton, New London, and East Hartford. Hope to see you soon!
Get Your Game On (For Less) at YPP!
It’s summertime! For a lot of people, that comes with a lot of hours alone playing video games on PlayStation, Xbox, Nintendo, PC, and other gaming devices! But, as gamers know, it’s not easy indulging all your time into playing games when box stores and retailers are charging a whopping $60+ for new games!
As a gamer, you don’t want to be spending all your summer savings on new video games that you probably won’t play for more than a few months. Besides, you could use that extra cash to take your significant other out to a nice restaurant!
Purchasing affordable video games are a must since those retail prices can rack up very quickly! But don’t worry – we have a wide selection of used video games for almost every gaming system! We have Call of Duty, NBA 2k18, Assassins Creed, Madden, Mario Kart, and so much more! The best part is – all of our games are under $40! Saving even that extra $20 during the summer months can make a huge difference in your wallet!
You know what is even cooler? We have three locations in Connecticut for all of your gaming and electronic needs: Groton, New London, and East Hartford. If you don’t have to visit our three locations, we also sell some our video games on our eBay store!
Buying used video games will save you that extra cash you badly need. And who knows – saving all that extra cash means you have more to spend on a ton of other used items at Yankee Peddler and Pawn!
June 13, 2018
Spring cleaning? Bring your stuff to YPP
Spring is here, and summer is on the way. Everyone has those things at home that have just been in the way for a while. It is time to finish up your spring cleaning and get rid of that clutter that seems to be taking over your home.
Have an old piece of fine jewelry you never wear? How about a guitar you haven’t touched in years and is just collecting dust? Have you gotten a new gaming system and demoted your old one to the closet? Don’t just get rid of them. Bring them to Yankee Peddler & Pawn and turn those unwanted items into cash.
Here at YPP, we buy and sell gently used, quality items such as jewelry, electronics, collectibles, instruments, and more!! We have carried brands in the past such as Rolex, Tiffany & Co, Fender, Pearl, and more. Make sure you are getting the best deal for your unwanted items by bringing them to us, at Yankee Peddler & Pawn.
Come see us at one of our three locations in New London, East Hartford, or Groton.
May 03, 2018
Become a Rock Star with Yankee Peddler and Pawn!
Remember that band you were in during high school?
Playing cover songs, wearing clothes and a hairstyle you probably regret, and a name that was most likely a pun?
If you don’t have a story like that, it’s never too late to create one. Let Yankee Peddler & Pawn be your one stop shop for all the music equipment you need.
We have the equipment to get you started, such as guitars, drum sets, amps, cymbals, and microphones. We have carry brands like Fender, Pearl, Yamaha, and PreSonus. When your band starts getting closer to a record deal, we even have equipment like speakers and mixers. Anything you need, we have it here.
Stay away from those high prices or rental fees you get from other music shops.
Think instruments from pawn shops are junk? Believe it or not, Kurt Cobain used to buy and perform with guitars he bought from pawn shops. If they were good enough for Kurt, I’d say they’re good enough for anyone.
Stop by one of our three locations in East Hartford, New London, and Groton to see our selection.
April 02, 2018
Get Active This Spring
Fresh air, new equipment and fantastic prices. Yankee Peddler & Pawn has you covered for all of your outdoor needs this spring.
Is that old rusty bike not cutting it anymore? Come check out the variety of bikes that we have to offer at Yankee Peddler & Pawn. Not only do we have newer bicycles, but we also have a wide variety of vintage bikes! Why spend hundreds of dollars at large department sporting goods stores when you can get great quality for half the price!
Our outdoor selection doesn’t stop at bicycles, we also have quite the selection of skateboards, exercise equipment, and much more.
So get active this spring without spending an arm and a leg!
March 05, 2018
