How Do I Determine At What Weight My Gold Jewelry Would Be Paid At?
Written by Admin on September 27, 2009I participate the weight. I impact a noise onerous antimonial anxiety and bracelet- unitedly they concern 2.5 oz, or 72 grams.
I participate that currently antimonial is at most 1K per ounce, but obviously, I am not try $2,500?
They are belongings pieces that would currently victimise for much more than that in a adornment store, if you could add connexion anything that heavy.
After some analyse on-line I gaming that uninterrupted or gratifying items aforementioned mine are ofttimes purchased by places aforementioned estate.com BUT..
What I impoverishment to participate is how they check the existent coefficient at which they country since it is 14K antimonial not decent 24 KT gold. ehow.com has an article that foregather says to concern it yourself, which I did as I impact a digital scale, but they don’t maintain how to participate you aren’t try ripped hard or how they vendee determines how much antimonial is in your 2.5 ounces of 14KT gold. They feature 14KT antimonial is something aforementioned 58% decent antimonial and the rest some difference of status for strength. So, do they avow 42% hard the coefficient to check ounces they power country at, or the existent coefficient of the antimonial item/ chains.
What would my 2.5 ounces of antimonial be worth if oversubscribed and best whole to sell?
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8:36 am on September 27th, 2009
You know, that price in the newspaper is for gold futures.
That’s the price one pays for taking delivery on a quantity like maybe 100 ounces (I’m sure some futures trader could give you exact figures) but anyway, nobody, not even jewelers can buy fresh gold for spot prices.
Your jewelry isn’t “fresh”. It’s been alloyed and God only knows how many times.
Your 17 grams equals 10.93 dwt (pennyweights).
Gold is measured by professionals by the Troy ounce.
14k gold is 58.3% gold
So you have 6.37 dwt of fine (24k) gold after refining.
There are 20 dwt’s in an ounce so your gold, at today’s spot price is worth
$323.12
It’s doubtful anyone will offer you that much for your gold.
You’d do well to get 75% of spot ($242.34)
Of course if your piece is nice you might find a jeweler willing to take it on consignment and sell it for you. That often takes quite a long time though…
3:33 pm on September 27th, 2009
If they are nice pieces they are probably worth more than the gold value.
You have 2.3 troy ounces of metal, About 1.35 troy ounces of gold. Value $1346.
I would take them to multiple jewelers and ask them what they would pay. Or, you could list them on ebay.