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Your question is a little confusing, but let me see if I can help. I'm sure what you're referring to is the scrap value and it is different depending on the gold's purity and what the gold market is for the day. Just like the Stock Market, gold value changes daily. Today gold is at $947/troy oz for pure gold. Lets say you have a 14k gold chain that is 25 grams. Well, consider there are are 31.1 grams in a troy oz and 14k gold is 58% of real gold and the rest is a mixture of other metals so it can retain its durability. Since your gold is 25 grams, you take the gold for the day, which is $947 and do as follows:
($947) X (.58) = $549 for a troy oz (31.1 grams) of 14k gold
Since you only have 25 grams, then . . .
Let $549/31.1= $17.60 per gram
Then
$17.60 X 25 grams = $441.30
Keep in mind that very few buyers will pay you actual cost. Your best bet is to find a metal refinery in your area to avoid the overwhelming scams sweeping the gold buyer market.
wheeeew . . . does that help?
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∙ 14y ago
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Selling Your Scrap Gold Jewelry?
Many people have scrap gold jewelry in their dresser or closet that they'd love nothing more than to get rid of. However, getting rid of scrap gold jewelry is quite a task due to the high demand, scams, not knowing how to sell it, and so on. Instead of going into the process of selling your scrap gold jewelry blindly, take this advice and find out how to make informed decisions about selling your gold pieces.The first thing to do when selling your scrap gold jewelry is determine whether the piece was part of a set or not. The best case scenario for selling scrap gold jewelry is that it is a broken piece or it doesn't belong to a set. The buyer could be solely interested in adding that piece to a set to make a fortune off of it in the long run. The best bet is to sell scrap gold jewelry that is broken or doesn't belong to a set. However, avoid selling an item of high value or something that was made by a designer. This is because you just might get more out of the piece for just selling it to someone who doesn't plan on smelting it for the gold.Have the scrap gold jewelry appraised. You want to get a ballpark figure of what your jewelry is worth before selling off all of your old family heirlooms. In some cases, the appraiser may even make an offer, but beware. This might be because they see a loophole, or they see some real worth in your scrap gold jewelry. Proceed with caution if an appraiser makes an offer on the spot. Take the gold jewelry to other appraisers to get other opinions as well.Additionally, it's a good idea to stay in constant awareness of the market value of gold. This can dramatically help you get the most for your scrap gold jewelry. This number is constantly changing so keep this in mind as well.The main goal is to avoid being scammed or ripped off by not getting your money's worth for your scrap gold jewelry. Never make snap decisions or agreements before doing your research or thinking the offer over. You'll thank yourself in the long run!
