Band Titanium
Do any jewelry stores or pawn shops buy titanium wedding band sets?
I have a man/woman matching wedding band set, made of titanium. I’m hearing from pawn shops that they only buy gold. Are there any stores that would buy a titanium wedding band set?
Titanium wedding bands are certainly nice pieces of jewelry, but their actual value to a pawn shop are limited. Titanium, although highly desirable for rings, tools, knives, cookware, and a host of other items, is actually not a very pricey metal. Depending on the type of titanium alloy, it sells for roughly $18/lb to $40/lb.
In contrast, a single ounce of pure gold (equivalent to 1/16 of a pound) sells for around $1,200 and a single ounce of pure silver sells for about $18-$20. Thus, an ounce of silver is worth roughly 10 times more money than an ounce of titanium… and an ounce of gold is worth roughly 700 times more than the same quantity of titanium.
So, although people really enjoy a ring made of titanium since it is rather unique, the fact of the matter is that titanium isn’t worth anywhere near what gold and silver can fetch.
This poses a problem for pawn shops. Ordinarily, a pawn shop will buy a piece of jewelry according to its gold or silver weight. They buy at a price which will allow them to make a decent profit even if the items were immediately melted down and sold as bricks. If certain pieces of jewelry look particularly nice, they will try to sell them for a certain percentage more than what they could get if they melted them down. If the jewelry sits in the case for a long time without selling, however, eventually the pawn shop will just pull the item off the shelf and “send it to the melt”.
In the case of your titanium rings, they have a pretty decent retail value… but they have almost no melt value at all. An ounce of titanium isn’t worthless, but at only $2 to $5… it might just as well be to a pawn shop.
So if a pawn shop were to buy your rings, they’d have to cross their fingers that somebody will stroll through their store and buy them out of the display case. If not, the pawn shop doens’t really have the option of melting them down and the jewelry becomes a loss for that shop.
That’s why the majority of pawn shops won’t really bother with titanium. Titanium is one of those metals that jewelers make a WHOLE TON OF MONEY selling, even though the metal itself isn’t worth very much at all.
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