Gold is bought and sold based on the weight - be it per ounce or per gram. The ring would have to be weighed and the price calculated based on the price of gold that day.
Mans ring; 12-22 grams, usually 10k gold- $13/gram. 14k would be approx $18/gram. Ladies rings are between 4 and 10 grams, again same pricing as prior. Prices are as of July 2010.
The ring could be worth $200.
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.
My class ring weighs exactly this much and I was just offered 240 dollars. Mine is 10 karat gold as well.
$500KG
It means you found my class ring. Hayley
i have a julius 10k gold ring with black onyx
Your gold is worth approximately $1.15.
There are many factors influencing the value of an 18ct gold ring. The biggest one is the weight of the gold, it is impossible to put a price on a ring without the gold weight of the ring.
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