Walk into any pawn shop with a gold chain and you have two options: sell it outright or pawn it. Both put cash in your hand today — but they work very differently.
Selling: Maximum Cash, Final Goodbye
When you sell, you get the highest payout — at DD Pawn Loans, up to 90% of your gold's melt value, paid in cash on the spot. The trade-off: the piece is gone for good. Selling makes sense when the item has no sentimental value, you want the most money possible, or it's broken or scrap gold anyway. See our sell gold in Pompano Beach page for how the 90% payout works — and if you can't make it to the shop, you can sell your gold by mail and get paid by wire or check.
Pawning: Cash Now, Jewelry Back Later
A pawn loan uses your gold as collateral. You get cash today, we store your item securely, and when you repay the loan plus the fee, it comes back to you. No credit check, no debt collectors, and it never touches your credit report — if you can't repay, the item simply settles the loan.
Pawning makes sense when the piece is sentimental (inheritance, gift, wedding jewelry), you only need money temporarily, or you're bridging a gap until payday.
The Numbers Side by Side
- Sell: highest payout, one transaction, item gone
- Pawn: slightly lower payout, small monthly fee, item returned when you repay
At DD Pawn Loans we quote you both numbers on the spot, with loans from $100 up to $100,000 — use our Gold Estimator to preview both offers before you come in.
Get Both Quotes, Then Decide
Visit us at 2751 W Atlantic Blvd #101, Pompano Beach, FL, or call (561) 774-9292. Bring your gold and a photo ID — the appraisal is free and takes minutes.