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With Gold at $1600.00 per ounce, you can expect to get 60% to 80% of the ring's gold weight. 10 karat is only 10 of 24 parts gold or 0.417% gold. There are 31.1 grams in an ounce so at 75% of spot you should get about $16.09 a gram. The stone in the ring is of no value, neither is the ring valuable as jewelry since it is personalized to your school and you. So if your man's class ring weighed in at 10 grams after removing the stone it would be worth $160.90. Of course if you get a few buyers bidding against each other you might get more. If you were selling other gold with the class ring you might get more on volume. Bear in mind prices go up and down daily.
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∙ 8y ago
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