How Much Is A Gold Chain Worth
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MY GOLD JEWELRY COLLECTION // What’s worth it & what’s not
The higher the karat amount in gold, the more valuable it is. Again, this depends on the factors mentioned above. A simple, thin chain necklace without gemstones, will typically be worth between $100 and $200 in scrap prices.
At the time of publication, these are the scrap market prices for a 5-gram chain gold necklace, according to CashforGoldUSA, which is a good option for lower-priced gold necklaces, silver necklaces, and smaller diamonds whether they are loose or set in jewelry.
10k gold necklace is worth: $87
14k gold necklace is worth: $122
18k gold necklace is worth: $157
Calculating The Gold Content Value Of A Jewelry Piece
In summary, to determine the gold value content of an item, you first need three bits of information.
Next, if you encounter weights measured in pennyweights, grains, and grams, remember these conversions.
- 20 dwt to a troy ounce
- 480 gr to a troy ounce
- 31 gm, approximately, to a troy ounce
Divide the daily gold price per troy ounce by the appropriate number above. Then, multiply that result by the weight of the item to calculate its pure gold price.
Finally, multiply the items pure gold price by its gold content percentage . This final result indicates the value of the actual gold content of the item. Now, you can figure out the jewelers markup for the piece.
How Much Is Gold Worth
The resale value of your gold is based on the current market price of gold bullion, but considers several other factors. The higher the percentage of gold in your jewelry or coin, the higher the value.
Gold is measured in karats, with 24-karat being the purest gold, with the highest gold melt value. Unless you have gold bullion or another form of pure gold, your gold item is mixed with other metals or alloys.
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How Much Is White Gold Worth
White gold is an alloy that consists of gold mixed with one or multiple other metals, such as nickel. Because of this, there is no such thing as 24k white gold. But since it contains at least some gold, white gold will still be valuable. 18k white gold will typically be worth about the same as 18k gold. The same is true when comparing 14k white gold against 14k gold.
How Much Is Platinum Worth
Select ‘Platinum’ as the metal in the Precious Metal Calculator. Please note that platinum jewelry is usually marked as ‘Plat’ or ‘Pt’ followed by the number of parts per thousand. Thus to calculate the value of “850 Pt”, for example, enter 85% as the purity to calculate the value of “950 Pt” enter 95% as the purity.
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Before You Buy Gold Chain
Just browse through any online store with jewelry and you will find out that the number of products offered is incredible. So it is not surprising that there are also a great variety of gold chains, which can work for people with different styles and personalities. You can find best quality gold chains for women, but also you wont have any problem finding the right gold Cuban link chain for men here at GLD.
First of all, you need to think about the purpose of such piece of jewelry, before you decide to buy gold chain. Whether you are looking for a chain that will be used as a bracelet, simple necklace, or a necklace worn with some kind of a pendant you should take a closer look to the characteristics of each type of the chain. Usually women prefer more delicate styles of chains, while men choose the thicker ones, like for example very popular gold plug chain.
While deciding on which will be the best gold chains for you, try to think about what kind of occasions it is going to be used on. Some customers look for jewelry that will be a part of their everyday styling, while others search for chains only for special occasions, which are very often filled with precious stones.
How Much Can I Sell My 18 Karat Gold Bracelet For
Written on July 25, 2011, by Arch Enterprises
How much can i sell my 18 karat gold bracelet with the stamp 750 that weighs 52 grams for? Thanks! From Cory in Seattle, WA
This is a great question to plug into our gold conversion calculator. This is because there are a few calculations that you have to do before knowing what your gold is worth.
You first have to convert the weight of gold jewelry into troy ounces without any other gems or stones. That is the unit of measurement used for precious metals.
Then you have to use the current price of gold and multiply it to how much actual gold you have. With your bracelet being 18 Karat, your piece is 74.88% gold. The stamp on your bracelet 750 indicates that it is 18 Karat gold that is about 75% pure gold.
Your 52 grams converts into 1.67183 troy ounces. According to our payout schedule we would offer you about 85% of the pure gold value. For larger lots we can sometimes offer over 90% of the gold value.
Note that the calculator provides an approximate value for the amount of fine gold or in your item. It does not factor in intrinsic value that may apply to rare collectibles and coins or branded jewelry.
*Price of gold used in this calculation may not reflect the current price of gold as it changes daily.
Thanks for your question. Here are some other blog posts that might help you in finding the value of your gold bracelet.
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How Much Is A 14k Gold Chain Worth
You want to purchase a 14K gold chain but you cant really tell the price? Nothing will save you money than having an idea of how much youd spend on a piece of jewelry. At least, youll be confident spending on the right ornament. So, how much is a 14K gold chain worth?
If youre on the hunt for affordable, elegant jewelry, consider a 14 karat gold chain. This post discusses 14K gold to help you make the best purchase decision.
A 14K gold chain makes use of a mixture of gold and other durable metals. Its price is considerably lower than that of a chain with 18 karat gold.
A 14K gold chains reasonable price is not the only thing that draws customers to it. Other major selling points of this jewelry include durability and availability in various colors.
What Is Gold Plated
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Gold plating involves affixing a thin layer of gold onto the surface of another metal copper or silver, by a chemical or electrochemical plating process.
What’s the difference between gold, gold filled, and gold plated?
Unlike plated , gold-filled items are legally required to contain 5% gold by weight. Gold items are the same gold alloy all the way through.
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Why Gold Is Valuable
Gold is a fascinating commodity one of the oldest forms of investment, wealth, as well as deeply sentimental when in the form of jewelry and other art. Plus, unlike stocks and bonds, gold is beautiful, and unlike real estate, highly transportable.
Because pure gold is a chemical element, it is finite it is impossible to manufacture new gold . The limited, finite nature of gold is what gives gold value.
Gold recycling is also one of the most environmentally sound processes reusing a natural resource again and again causing minimal environmental impact each time, and using tiny sums of energy.
Gold is believed to have been first used in 40,000 B.C. in what is now Spain, with evidence of smelting dating to the fourth millennium in Mesopotamia. Gold is mentioned frequently in the Old Testament, starting with the story of the golden calf, and the New Testament mentions gold as one of the gifts of the magi in the first chapters of Matthew.
Despite its ancient roots, and millennia of use, gold remains mysterious. However, there are some basic facts you should understand before selling your gold:
Why Your Gold Chain Costs More In The Jewelry Store
While there is a spot price for gold, and you might be aware of all the different factors that determine and affect the pricing of gold jewelry, gold chains are priced very high in the jewelry stores aroundwondering why this is the case?
- First, the weight-based calculations for the gold chain, as explained above, arent inclusive of the price/ cost of the other metals that are added to create the gold alloy.
- Secondly, the labor cost for making the chain hasnt been considered
- Thirdly, there is the price bump that happens naturally at the retail level. There are many other costs that come in here, for example, the marketing costs and other overhead costs, all of which must be considered in the determination of the final cost of the gold chain.
- Lastly, the addition of gemstones to the gold chain will instantly cause a spike in the price of the gold chain. This is because the addition of gemstones means an introduction of a new level of complexity.
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Already Sent Your Gold To A Postal ‘cash For Gold’ Company Without Receiving An Up
We would always recommend that you NEVER send your gold to a ‘cash for gold’ company if they don’t tell you, up-front, what they pay for gold.
Please don’t be taken-in by the ‘110% guarantees’ or promises of ‘top prices’. These statements mean nothing and you will almost certainly receive a poor deal for your gold.
If you’ve already sent your gold to a postal gold company and you notice there are no prices quoted on their web site, request its return. Even after haggling , the price will still undoubtedly be low. It’s not uncommon for valuations to be doubled when the initial offer is refused. Don’t be tempted to accept though!
Takeaways from this guide:
- NEVER send your gold to a dealer who doesn’t display the prices they pay on their web site
- Always accurately weigh your gold on digital jewellery scales
- Use our valuation calculator to find out the real value of your gold
- If your dealer offers less than 90% of its real value, shop around and find a better deal.
How And Where To Sell Gold Bullion Coins
Whether your coin is pure bullion, or a rare collectible, there is likely good, fast cash in your possession especially since gold prices have hovered at record highs in recent years. A good place to start is by contacting a gold coin dealer near you, to get a quick quote. Yelp reviews can be useful.
Selling gold online is our recommendation for getting the best price, without leaving your home. You can also browse eBay to see if you can find a comparable coin, to better understand the price you can expect.
There is hot demand for gold coins, with gold prices hitting record highs, and sales of gold coins higher than dealers have seen. Gold dealers including Kitco and JM Bullion tell their gold coin buyers to expect delays of 15 days or more, due to extreme demand. This is great news for those looking to sell their coins.
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What Should I Expect The Markup To Be
To have a rule of thumb on what mark-up to expect, think a minimum of double. If the cost of a chain is $500.00 expect to pay $1,000.00 or more. A machine made chain will have a cost of the gold, plus alloyed metals, plus labor to make it.
Earrings, rings, bracelets, are all more complex to create than machine made gold chains. So the mark-up will be more just for that aspect of your jewelry.
Any retail mark-up of course takes into account rents, marketing, staffing and we just won’t go there. Just know that the reason you can’t get it at the price the jeweler does is because you aren’t buying a kilo at a time from a gold manufacturer.
Avoid Buying From Big Jewelry Stores
The big jewelry stores are not good places to shop. These stores are mostly in the business of selling diamond rings. They don’t specialize in gold chains and so their inventory is limited.
These stores cater to the ignorant buyer. Essentially the less you know, the better it is for them. They don’t want you to know the spot price of gold or how much their chains weigh. The same chain they are selling for $3,000 could be bought for 1/2 or 1/3 of the price online or somewhere else. The big stores have high monthly costs so they need to make big profit margins on their items.
There are plenty of small jewelers who can rip you off too. But if you’re an educated buyer then you won’t get ripped off.
One of the only benefits of buying from a jewelry store is that you get a warranty. So if a link on your chain breaks, then you can bring it in to have it fixed for free.
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How Much Is My Necklace Worth
The value of your gold necklace depends on many factors. These include the materials used , the quality of any gemstones or semi-precious stones, if it has a designer luxury hallmark, and the current market value of your necklace.
Gold, and other metals are commodities and their prices go up and down each day as do the prices of gemstones .
Calculate The Value Of 14k Gold
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We will use 14k gold as our example on how to calculate actual gold content and its value. The same formula works for 10k and 18k.
EXAMPLE: Your 14k yellow gold chain weights 24.2 pennyweights
Actual pure gold content value of chain. We then multiplied 14.1 pennyweights of pure gold times $67.45 per pennyweight and we get $951.05.
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How To Sell Gold
Depending on where you sell gold, the process varies. Here are posts with more detailing on various options you could consider:
- Selling gold to a gold buyer
If you want to get the most cash for gold, heres the gist of how to sell gold online:
CashforGoldUSA pays a 10% bonus if you send your item in within 7 days of the request, and sends payment within 24 hours.
About Our Live Gold Price
The Live Gold Price we use to help you estimate the current Karat Value of your Gold is sourced from multiple, trusted gold price services from India and across the world. The current live gold price is 130,820.10 . This price is a general price only and is not location specific . For the latest gold prices for India and locations within India visit Gold Price Live India.
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How To Find Out How Much A Silver Necklace Is Worth
A necklace or chain made of silver has an intrinsic, bullion worth. But, assuming that it’s in good, wearable condition, it also gains additional worth from being a desirable and versatile piece of jewelry. For this reason, you should value it as a necklace, rather than as a piece of silver, although the bullion value of silver will naturally have an effect on the value of fine silver jewelry.
Check to see that the necklace is indeed silver by searching for a hallmark. This will probably be next to the clasp, although some high-quality pieces also have stamps on individual links. In the United States, the legal standard for silver is 925 parts per thousand, so look for the impressed number 925, or the words Sterling or Sterling Silver.
Weigh the necklace on a set of scales and make a note of the weight.
Undo the clasp, lay the necklace out straight and measure it from end to end with a tape measure or ruler.
How Do I Sell My Gold Chain Or Necklace
To get the best price for your gold chain or necklace:
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Objective Factors Affecting Value Of Gold
How to weight your gold jewelry?
The price value will be higher if the weight of gold jewelry is higher. Be notice that if your gold jewelry is attached with gemstone, of course, the weight calculation will be separated. The weight of gemstone will not calculated into golds weight. Also, keep in mind the weight is common to use sensitive weight with 2 decimal place. If you want to weight your jewelry, remember to set as zero before you weight.
Different karat of gold refers to different gold content of the jewelry. 14K, 18K and 24K are common gold content of gold jewelry market. The higher purity of precious metals is highly prized. You can check these marks on the jewelry piece assuming the mark is real when you buy it. If you want to sell it, gold buyers and jeweler will check it in professional ways, no worry if your jewelry dont have the mark. Read gold purity chart.
What is Gold Purity?
To know about gold purity, you should know what is karat first. Karat is measurement of ratio of your gold to other metal. Common karat can be 9k, 10k, 12k,14k,18k, 22k and 24K . Higher number of karat means lower content of other metal in your gold jewelry. The rest is the metal used to strengthen the gold because pure gold is too malleable and would make awful jewelry because they can get bent and damaged easily. Read gold purity conversion chart.
How to measure gold purity?
Gold Purity Conversion Chart
Live Gold Price Chart from goldprice.org