Pricing your gold jewelry depends on several factors.
The spot price of gold
Before selling jewelry, you can check today’s gold price at the bottom of our site or at any number of precious metals web sites. This is the price pure gold is trading at per ounce on the open market.
The Karat (K) of your gold
This is the purity of your gold jewelry. 24 Karat (K) is considered pure or 100% gold. 12K is 50% gold. In America, most jewelry is 14K which contains 58.50% gold. When you are selling gold, we test it to determine what Karat it is. To insure that our readings are accurate, we use two different methods to test all jewelry, each independently tested by different people.
The weight of your gold
The industry standard is to use pennyweight (DWT). There are 20 pennyweights in a troy ounce of gold. We use super accurate scales that are calibrated each day for near perfect accuracy.
Here are some examples of our actual payout.
|Sample spot price of $1750.00 per troy ounce.|
|10K Gold||$24.08||$ 15.49|
|14K Gold||$33.78||$ 21.73|
|18K Gold||$43.31||$ 27.85|
|24K Gold||$57.75||$ 37.14|
|Karat||$ per Pennyweight (DWT)||$ per Gram (g)|
Large amounts of gold may receive more, depending on quantity. We pay up to 95% of the current spot price of gold, silver and platinum. Feel free to call or email us for a quote.
We realize that it may be difficult to see whether our payout is a fair price for your gold. Therefore we are including a comparison to our major competitors on our home page. Prices are based on actual settlement offers received or prices advertised by those companies on their websites. The results speak for themselves.