Posted by: goldprice on: May 25, 2009
What’s it worth?
If you’re wondering how to estimate the value of your gold jewelry, have it checked. You can find credentialed appraisers at the websites of the National Association of Jewelry and value of the American Society of value.
Short of a full-blown appraisal, you can hire an expert for advice. The fee, depending on location, of approximately $ 50 to $ 200 per hour.
How to find out how much you wedding band unwanted or damaged gold bangle bracelet is worth as scrap gold? Here is a short tutorial on gold prices:
The price of gold on the basis of a troy ounce of 24-carat or pure gold. A troy ounce contains 31.1 grams or 20 penny weights. (You can find the current price for gold at goldpriceblog.com)
Gold less than 24K is discounted ratio: 75% pure 18K gold, 14K is 58.3% and 41.7% is 10K gold. Gold jewelry of 10K or more a carat stamp.
What is the wedding band from the despised ex-spouse worth? Ask a jeweler to weigh it and give you an offer on the basis of the spot price for gold. The price will be discounted further by the cost of test and refine it – usually 10% to 20% – and a potential profit of the buyer wishes to make.
In the week after the gold as a historic high of $ 1035 an ounce and then under the $ 1,000 milestone, a 14K wedding band was selling for about $ 75
Where to look
When you are ready to part with the gold, shop-in for the best price. Jewelry shops usually offer better prices than pawnshops.
Palmieri does not recommend selling scrap gold for companies that offer you a package so that you mail in your gold. “It’s like sending cash to somebody,” he said.
If your preferred method, with a reputable company, offers free insured shipping, that you can order online. Fill out a detailed description of what you send and receive a copy. Photos of the article. Remove stones and other parts nongold.
Posted by: goldprice on: May 25, 2009
The high price of gold in May invite to unload some unloved trinkets. But do not assume you can sell a coin it as scrap. Here is what you need to know.
If you plan to sell jewelry to the high gold price, they could better sell unwanted parts such as jewelry, rather than the “melting pot”.
If you sell gold jewelry for scrap value, you will lose much of their value, perhaps 75% or more. The scrap will be based on the value of the metal alone and not the craft or aesthetic or antique value, let alone emotional attachment you or family members may attend the play.
“When reality intervenes, it is not such a good idea,” said Donald Palmieri, a master gemologist consultant and the president of Gem Certification & Evaluation Lab in New York City.
Some pieces actually have little or no resale value, like old class rings (minus the gemstone) and garden-variety wedding bands, and would be good candidates for the scrapheap if you have more money. Also scrapping a gold earring if you’ve lost its mate.
