You must realize that not all gold and silver bracelets are identical. A gold and silver bracelet can have a very modest gold and silver plate, and be worth not much more than common costume jewelry. A bracelet with substantial amounts of gold and silver will of course be worth more, and potentially worth a great deal.
If it has historic value or is an antique, it may be worth much more than the metals it is made from, if sold at auction. Any item brought to a pawn shop will get you only a fraction of the item's actual worth, and that is understandable. Pawn shops are not in the business to of brokering investments in precious metals. They want to make as much money as they can, and even a very valuable piece of jewelry will not get them the actual value of the piece.
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