Sell gold jewelry

 

 

What kind of jewelry?

 

Jewelry comes in many forms such as chains, brooches, anklets, rings, charms, bracelets, coins, pendants, earrings, dental scrap, ingots, links, necklaces, nuggets, rings, watches, and more...

 

Gold Karat

 

Jewelry comes mostly in 14 karat gold, but it can come in different karat grades like: 8k 9k 10k 14k 15k 18k 22k 24k. The higher the karat the more value the jewelry will have when it comes time to sell gold.

 

Factors involved to sell gold jewelry

To sell gold jewelry there are 3 things involved:

 

-Purity is measured in carat ct. or karat kt. There is a law that requires jewelry makers to stamp jewelry so consumers will be able to see the purity of gold used. Although jewelry still needs to be tested to be positive that what is stamped is true.

 

-Weight of gold is measured mostly in grams, or in troy oz. 1 troy ounce is equivalent to 31.103 grams. First step is to measure on a scale. Find the weight reading the scale. Next look at the purity of the gold piece.

 

10K is 41.67%
14K is 58.33%
18K is 75.00%
22K is 91.66%
24K gold is 100% pure gold.

 

Now Multiply the weight and the purity and the result will be the weight of pure gold.

So for example if a 10 gram piece is on the scale, and it's 14K gold. It will be multiplied 10 x 58.33% = 5.833 grams of pure gold. When it comes time to sell gold 5.833 grams is what will be paid on.

 

-Market price is the final step in finding out how much gold is worth when selling jewelry. The London fix is determined twice each business day. Finding the final value of jewelry is multiplying the grams of pure gold and the current price of gold.


Best way to sell gold is to contact professional jewelry buyers. Jewelry buyers that have a Better Business Bureau rating will be the safe way to sell gold too. Selling gold online is also a good way to get a great price if you know what you are doing and don't fall for any scams.