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With gold climbing pigs to revelation date and time highs it might be a clean date and time to wash out your jewellery body filled with cracked chains and outdated rings. after all you wish to get probably the most sequence on your objects, and the one method to try this is to determine what you’ve BEFORE you attempt to promote it. revelation the data you have to calculate the value of your scrap objects is talked about under. You may as well use our scrap calculator to get an approximate worth for the quantity of gold, silver or platinum in your objects.

Obtain printable directions (PDF)

Gold High quality or Purity

Gold jewellery is made in several purities. You will want to know what karat your gold is. We’ll use 10k, 14k and 18k as our examples on much like calculate the worth. 24K IS pure GOLD

10 / 24 = 0.4166641.7% pure 14 / 24 = 0.5833358.3% pure 18 / 24 = 0.75075% pure 24 / 24 = 1.0100% pure

Weight Your Gold

You will want to know comparable a lot your gold weighs. Gold is bought and weighed in troy ounces. Jewelers and gold patrons use two completely different calculations, pennyweights (DWT) and grams (G) The worth of your gold can be identical the identical no matter what weighing technique is used. Used Jewellery Purchaser LLC makes use of pennyweights.

pennyweights to troy ounce conversion

gold grams to troy ounces gold weight pennyweight to grams

Utilizing the above conversions, this is an instance: 23.7g / 1.555 = 15.24dwt

Spot Worth of Gold

The spot value of gold is the worth it’s promoting for at any given date and time. For the reason that spot value is continually altering you’ll need to know the now spot value of gold to find out the worth of your scrap gold. The now spot gold value is listed within the paper guardian or on the web however I’ve it listed proper on the rampart web page of this web-site.

On August 29, 2013 one troy ounce of gold traded at $1,407.30

Calculate the Worth of 14k Gold

We’ll use 14k gold as our instance on much like calculate precise gold comparable dong and its worth. The identical components works for 10k and 18k.

EXAMPLE: Your 14k yellow gold chain weights 24.2 pennyweights (dwt)

What Can I Promote It For?

Your scrap gold chain has $951.05 price of pure gold. Clearly there may be price related to sharpening your gold and working a enterprise due to this fact you’ll not get the total worth of your gold. however suppose you are taking your gold to a good purchaser that strictly makes a speciality of shopping for gold you need to count on to get 80% to 85%. suppose you might be provided much less oi than this it’s not a legit provide.

Don’t promote your gold earlier than you recognize what it’s price.

Why would you? On the value of gold now chances are you’ll be speaking about some huge cash. It’s price one pair moments of your date and time to perform a little bit homework. There are companies that may give you as little as $150.00 on your outdated chain. Or companies like mine that may give you ngoc to $800.00. It’s price slightly bit inconvenience or possibly a barely longer drive to get probably the most sequence out of your outdated jewellery.

Ask Questions

most sequence youngster in who’ve gold to promote do not actually know the true soften down worth of their gold. Utilizing the above calculations provides you that data. At Used Jewellery Purchaser, our work is to coach you with info due to this fact you may make proper promoting decision.

For extra info, visitors Us current at (314) 974-6699 or go to our retailer in St. Charles, MO.


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