Sell broken gold or sell damaged jewelry with reDollar and get paid top dollars. Well, there is a price difference between the stock price and the price you can get paid. Expect a lower price. But be careful most gold dealers, pawn shops, and jewelers offer little money for your unwanted scrap gold. Find out on your own how much your items are worth before you shop around. All you need is a common scale and good eyes to make out the gold marking. If you know that you own 14K gold for sure, you just need the scale to determine the weight.
Below you can find a price table for 14K gold with the dollar amount per ounce, dwt, and gram. We highly recommend not selling for less than the prices stated in this table. We are a US gold buyer and we know that there are thousands of dealers, just waiting for you to sell your old gold for a fistful of money. But unlike other buyers, reDollar offers you top prices for your gold. We also offer you free use of our innovative online applications like our gold calculator so you can calculate your payout before selling.
This gives you a good idea of the useful services, great selling conditions, and high level of transparency we offer our valued clients. There are always two sides of every coin. There is jewelry made of 14K gold for daily use, and there is fine 14K gold jewelry that is lavishly set with gemstones or diamonds and made by trendy brands like Tiffany, Cartier, Bvlgari, and others.
Fourteen-karat gold for everyday use is worth less than 14K gold of fine jewelry and is often machine made: thus there is no significant premium for craftsmanship to increase the value. The price of the gold will depend on current market prices , which are not determined by the jewelers or pawnshops, but by the larger gold market in your country of residence.
Take note however that the current gold index does not reflect literally how much you are going to get for scrap gold because businesses who do buy gold will mark it down, so they can make a profit which is the entire point of the practice, if you think about it. As mentioned, if your gold jewelry is with gemstone, the weight of gemstone is minus from the whole jewelry piece, the price calculation of gemstone is separated.
But how to check the price of gemstone? It is not easy to value its price actually, but you can search for if your gemstone is valuable or not. You can choose to keep the gemstones after scrap for future use. If your jewelry has precious stones and other ornamentations set onto them, those would have to be temporarily removed. Gold dealers will only be interested in paying for the gold , not the stones.
You will need an accurate weighing scale. A small digital scale should be sufficient, though jewelers tend to use accurate scales so they can get the most accurate readings right down to the smallest unit milligram. Jewelry Scale Available on Amazon. Condition of gold chain will affect gold price. To trade with good price, it is better to clean your gold jewelry before selling.
Place your gold jewelry on the weighting scale and get its weight either in grams, milligrams, or ounces. One ounce, on the other hand, is equivalent to 0. In some instances, gold dealers also use a standard of weight called the pennyweight. Therefore, your chains contents weights that 4. Check current market price of gold. After gathering this information, we can calculate the roughly gold value with the formula as following:.
This will be the reasonable valuation of gold, and you can use this to find out if you are being given a good deal or a bad deal by anyone who would like to buy your gold jewelry. Save my name, email, and website in this browser for the next time I comment. As an Amazon Associate, we may earn commissions from qualifying purchases from Amazon. Know more. Table of Contents. How to sell your gold jewelry? How to weight your gold jewelry?
Gold Purity Conversion Chart. Live Gold Price Chart from goldprice. Share on Facebook. Follow us. Related Posts. November 12th, 0 Comments. November 9th, 0 Comments.
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Go to Top. You can do so from a gold site, such as kitco. For example, as of the writing of this article, the spot price for gold is approx. Using, the below simple formula, you will need to convert ounces of gold to grams of gold since gold jewelry is often listed in grams, not ounces. Other numbers in the formula represent What does this tell you? Still following? Go to the last step to find out how it all comes together. Find your favorite gold chain. That is actually not bad at all, considering that there is both labor involved in manufacturing the chain and a modest mark up from both the wholesale and the retailer.
Knowing all of this will arm you with the knowledge to determine how much your gold chain is worth and how much above the "scrap value" [4] X Research source or "precious metals" value the chain is being marked up. Now you have the tools to compare chain for chain and jeweler to jeweler!
Gram and ounce are measuring units of weight. Ounce is the imperial unit of weight, and is used in the US, UK, and a few other countries. On the other hand, gram is the metric unit of weight, and is commonly in use all over the world.
Not Helpful 8 Helpful 9. To check if gold is real, make a tiny scratch on the item using a small nail file. Choose a spot that is not noticeable if possible. Use a dropper to apply a small drop of nitric acid to the scratch. If there is no reaction, then the piece is probably made from real gold. Not Helpful 12 Helpful There is no such thing as an "average weight" for a chain.
The width determines the weight. For example, an 8 mm width would weigh more than a 2 mm. Also, a lobster claw closure would add more weight than a spring ring. Not Helpful 1 Helpful 5. You can always check the stock market. Not Helpful 3 Helpful 4. There are several websites that post the current spot price of gold bullion, including MoneyMetals.
Not Helpful 3 Helpful 5. Include your email address to get a message when this question is answered. When shopping online, it is customary for jewelers to list the "approximate" gram weight of an item, since chains can vary slightly from item to item.
However, be wary of jewelers who list a wide range, such as " That is a significant difference! Most jewelers will list a single number, such as "approx.
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