| Any time the economy is down you see massive | | | | 14K contains about 11.6 grams of 24K. If 24K is |
| numbers of sites wanting to buy your gold jewelry. | | | | $1000.00 per ounce then it is worth about $373.00 at |
| They never mention price or percentage of spot price | | | | full price. Of course selling is usually done 10-15% under |
| that they will pay. Many will try to buy low and resell | | | | spot so that is about the real value you should aim for. |
| the metal for 4-5 times what they bought it for. This is | | | | Platinum is usually 950% so it is 95% pure and is |
| more than the retailers of new jewelry make selling | | | | calculated the same way using the weight and spot |
| wedding bands and engagement rings. | | | | price. |
| To make sure you get the best value you need to | | | | They metal buyer will pay a small processing fee but |
| know the base facts. One troy ounce of gold or | | | | still ends up with very close the the amounts I have |
| platinum is 31.1 grams or 20 DWT. The spot price is | | | | listed. Figure your true value before seeing the buyer |
| what all metal buying and selling is based on and is | | | | and have your figures written down. I would calculate |
| priced per ounce for pure metal. This value is easy to | | | | in both gram and DWT prices since both are used and |
| find in newspapers and on line. If you have 14K gold | | | | can be confusing if you are not used to the |
| you need to know the gram weight and how much of | | | | conversion. Now you have the tools to get a true |
| that is actually 24K pure gold. Take the weight and | | | | value for your platinum or gold jewelry. |
| use the gold percentage. 14K=.583 so 20 grams of | | | | |