Plus Gold Scrap Prices? The 139 Latest Answer

If you have old gold jewelry, gold coins or scrap metal that you want to get rid of, now is the time to sell it. Experts predict gold prices will fall throughout the year after nearly hitting record prices in March.

This article explains how to find a gold buyer who you trust will not rip you off.

Below is an overview of how to sell gold as well as a look at the best ways to sell gold including our #1 recommendation when it comes to selling your gold which is CashforGoldUSA Paying Within 24 Hours and has an A+ rating with the BBB. No minimum.

How to sell gold in 3 easy steps

1. Check the markings and make sure your gold is genuine.

Purity markings on gold show you the percentage of pure gold compared to the amount of other metals mixed in the alloy. Pure gold is 24 karat and is marked 24 karat – where “K” is short for karat.

These are the karat markings on gold jewelry and the purity of the gold they represent. This stamp is usually either a carat number like 18K or 12K in the shape of a rectangle with corners cut off and a number inside. Here is the meaning of these numbers:

999 = 24k, 99.9% gold

990 = 22k, 99% gold

916 = 22k, 91.6% gold

750 = 18k, 75% gold

585 = 14k, 58.5% gold

375 = 9 carats, 37.5% gold

A piece of gold jewelry or coin with an etching, hallmark or hallmark marked “18K” or “750” indicates it is 75% gold, while a “14K” or “585” mark means it is 75% gold. that the metal was made up to 58.5% gold. More on selling gold coins here.

Gold bullion and bullion bars are almost always made of 24k gold.

How can you tell if gold is real with a lighter? Hold your gold jewelry or coin to the constant flame of a lighter or stove (but not to very high heat, like a blowtorch). Real gold gets bright hot after a while, but doesn’t darken. Fake gold will darken or change color when exposed to fire. If the piece is gold plated (covered in gold but made of other metals on the inside), the thin gold coating will melt, revealing the inner metal.

Test gold with a magnet. Gold is not magnetic. Use an extra strong magnet (you can get one at hardware stores) to check if your gold jewelry is attracted to the magnet. A side note: sometimes a real gold bracelet or necklace will have a non-real gold clasp and will be attracted to the magnet while the rest of the item will not.

float test. Real gold does not float and does not rust. Drop your gold into a glass of water. If it floats, it’s fake.

skin test. Real gold jewelry will not turn your skin black or green.

2. Check the price of gold.

Gold prices surpassed $2,000 this year for the second time in 50 years. As of , the resale value of gold in the United States was at a near record $per ounce or $per gram.

Analysts predict Ukraine’s war with Russia means gold prices will remain elevated.

With CashforGoldUSA’s Gold Calculator you can get an estimate of the price of gold that takes into account the current price of gold.

Historical gold prices can also be found on Kitco.com. However, it can be futile to time the market and sell gold big. Cash on hand is worth a lot more today than waiting a few weeks or months to see if the price goes up a bit.

3. Find a reputable buyer.

Look at reviews from Better Business Bureau, Trustpilot, and Yelp, google the company name and look for any lawsuits or negative press, and ask friends and neighbors you trust.

Based on our extensive review, CashforGoldUSA.com is still the best place to sell your gold.

If you’re thinking about selling your gold, it’s important to find a reputable buyer who you trust will not rip you off.

More on where to find serious gold buyers.

Here’s why we like CashforGoldUSA:

The best place to sell gold and gold jewelry: CashforGoldUSA.com

CashforGoldUSA is the best place to sell your gold – it is a legit, reputable online gold buyer for selling gold jewelry that is also one of the oldest in the business.

Pay within 24 hours

A+ Better Business Bureau rating.

100% Free Tracked FedEx or USPS Door-to-Door Shipping

No minimum value (other gold buyers only work with shipments of USD 1,000 or more)

Free Jewelers Mutual Insurance up to $100,000 for each shipment

The CashforGoldUSA facility is insured by Lloyds of London

Guaranteed top price for your gold, coins and diamonds

Since its inception in 2005, it has paid out more than $163 million to sellers

Fox Business News’ investigation revealed that they pay competitors three times:

CashforGoldUSA also pays a 10% bonus on the Estimated Resale Value for items shipped within 7 days.

Start selling your gold with CashforGoldUSA now >>

Other ways to sell gold or gold jewelry

Online Gold Buyers Search “Online Gold Buyers” and sell your gold online Local Gold Buyers Local Cash for Gold Shops Pawnbrokers Coin Dealers Jewelers Antique Shops Recyclers

Emma’s personal experience: how she found the best place to get cash for gold

I recently bought the same 14k 6 gram gold chain for comparison.

They were similar to this women’s 16-inch yellow gold necklace for sale at Kay Jewelers for $399:

These transactions occurred during the days of January 11 to January 13, 2022 when spot gold prices ranged from $1,795.36/ounce to $1,848.38.

Below is a summary of the results of my experiment:

Selling Gold to a Jewelry Store: Low Price, Worst Experience

I walked into a jewelry store in a nice shopping district in my small town, a place that advertised on their Yelp profile (where it ranks #1 for the “best gold buyers” in town) that they bought gold and silver. The store smelled of cigarette smoke. Despite the fact that Omicron was rampaging near peak levels, neither employee was wearing a mask.

The worker (I assume the owner) didn’t get up from his seat at the back of the store but was friendly and seemed helpful. He weighed the necklace with a digital scale, then typed a few numbers into the website he had on his computer. He offered me $95. Thanks, but no thanks, I said. Goodbye!

Selling gold to a pawn shop: decent price, fast processing, personal data stored

Then I drove across town to a neighborhood I don’t usually hang out in, to a pawn shop with high online ratings and a very large sign on the outside wall advertising cash for gold.

After browsing through shelves of DJ gear, crossbows, and Louis Vuitton sneakers in a display case, I approached one of the two men behind the counter of the windowless building. A skinny guy with knuckle tattoos weighed the necklace and asked if I wanted a loan or cash, kindly answering all my questions:

Q: How does a loan work?

A: We will pay you 50-60% of the value of the goods and you can get your item back if you return it within 30 days.

Q: How many people are selling and how many are lending?

A: Most loans – we’re here when people need help paying rent or filling up the car until payday. We see ourselves as helping the community. About 90% of our customers are repeat offenders.

He was friendly and I believed him.

Q: Why do you need my driver’s license?

A: It is state law that we document and await every transaction before we sell it to ensure it is not stolen.

He offered me $110 in cash.

Total transaction time was 10 minutes including Q&A. Although now I’m wondering if I’m allowed to be called downtown if a 16 inch gold chain is reported stolen? hmm…

Selling Gold to Cash-for-Gold Shops: Big Price Differences, Very Strange Experience

I then googled “money for gold near me” and a top result was a company with a beautiful website promoting the company’s three locations in the area. I called and the man who answered immediately made me an offer of $153. The office was over a two hour drive from my home, so I didn’t drive to see if he would honor that offer.

Instead, I drove to a cash-for-gold store in a suburban mall shared by a Papa John’s, a discount tobacconist, and a Latin American grocery store. The owner opened the locked mirrored glass doors when I knocked. He was friendly but distant as I looked around the shop, which was mostly barren except for a huge mural of a leprechaun and a pot of gold that looked like it was painted as a middle school art project.

The owner was loud and friendly and he wasn’t smiling. He examined the marker with his magnifying glass, then tapped it with what I assumed was a rectangular magnet. “It’s fake,” he said, popping a bite of instant oatmeal from his disposable container into his mouth.

“What are you talking about? A pawn shop offered me $110,” I said, honestly surprised.

“Then take it back and bang it baby! I’ve been in this business for 30 years and I’m telling you – it’s fake.

From there I drove to another Cash for Gold store, which was an office next to a rental car dealership on a busy shopping street. Taped to the glass door was an inkjet printed sheet of paper that read:

“No gold

No value

never here”

Inside, through a bulletproof window, the man again examined the markings with his magnifying glass and tapped the gold with his magnet. “Oh you must have inherited that, it’s very old,” he said of the very shiny brand new chain. “I can give you $50 for it.”

“$50?” I said in disbelief.

“Gold is going down these days, you know,” he said. Of course, I actually know that the price of gold has been flat over the past year and has increased by 50% over the last 5 years. “$50 is a very good price for such a small piece,” he assured me as he slipped the chain back through the window slot.

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Selling to an Online Gold Buyer: Highest price, simplest but slow process

The same day I sent online inquiries to other online gold buyers.

I first sent an inquiry to AbeMor.com after using their online gold calculator which came up with an estimate of $201. While the website doesn’t mention a minimum shipping value, my secret shopper partner received a polite email within an hour stating that my shipment is too small/low for them to waste their time.

Abe Mor would not buy my chain.

On the one hand, I understand that mailers are expensive and that it takes staff to manage what I suspect are many low value jewelry shipments. However, I felt it was a bit misleading as I was 100% honest and detailed about what I sent them on their intake form. Couldn’t their website have rejected me before collecting my personal information?

A follow-up email resulted in the statement that Abe Mor would have paid around $150 for my chain, but their minimum is around $500 – or 20 grams of 14k gold at today’s rate.

These are the online gold buyers I’ve found that specifically have a minimum value of $1,000:

Worthy.com

JM gold bars

SellYourGold.com review

Next, my secret buying partner sent a request to SellYourGold.com. Their website looks great, with an A+ Better Business Bureau rating, a promise of a 5% payout bonus, a price match guarantee, and up to $100,000 free insurance with my FedEx shipment all make SellYourGold.com a one leading companies in the field of gold buying .

However, the process did not go as expected:

It took **11 days** for the mailer to arrive from the time it was requested. I want to forgive this delay as I know the USPS can be unpredictable, labor shortages and all. But SellYourGoldUSA is in Florida and I live in Virginia – I could have literally rode my bike to pick up the mailer during that time. While I was waiting for the mailer, SellYourGold.com sent several emails and left voice messages, laying out an offer to answer questions and urging the use of the ability to print out a mailer and send the gold chain in right away – rather than on their FedEx mailer which is no doubt expensive for them. When the mailman finally arrived, the actual receipt documents required the sender to include some form of identification—a passport number, military ID or driver’s license number, and date of birth. Felt pushy and like a pawn shop questioning the legality of the transaction. The necklace was promptly packed and placed in the FedEx box the next day – and an email confirmation of collection was sent, as was an email the next day with a link to see the offer after logging in. There was never a requirement ro request to create a login, and attempts to create one resulted in error messages. My buying partner sent an email explaining the challenge and a very quick response explained that the company was having technical difficulties but he could accept or decline the offer via phone call or email reply. What SellYourGold.com offers? $81.59 – only 34% of the best deal (read on!) and 74% of the pawnbroker!

CashforGoldUSA.com Experience

That day I requested a mailer from CashforGoldUSA.com which arrived within three days. You can read the details of this transaction in my CashforGoldUSA review.

The next day I packed it in the FedEx mailer and put it in a FedEx box in my city.

Within hours I received an email from the company that FedEx had picked up and scanned my package and the next morning I received another series of emails and texts alerting me that the package and my necklace arrived at CashforGoldUSA’s Massachusetts headquarters has been verified.

Do I prefer a check mailed (and received within a few business days)?

Or do I prefer an instant PayPal payment which would incur the standard 3% PayPal fee?

Then I received the offer via both email and SMS: CashforGoldUSA offered me $191.97 which included their 10% bonus.

Sold!

I clicked the link to accept the offer, which triggered an immediate payment via PayPal.

It literally couldn’t have been easier or faster. CashforGoldUSA (and its sister sites CashforSilverUSA and Diamonds USA) all advertise 24-hour payment, and it really was less than that between the time I put the gold chain in the FedEx box and got paid.

I could have made things even easier if I had printed the shipping label at home instead of charging for shipping – and could have taken advantage of the offer to have FedEx pick up the package from me.

Below is a summary of the results of my experiment:

Offer Pro Con Jeweler $95 Local shop Low offer, gross business Pawnshop $110 Nice people, my offer, simple They saved my personal information CashforGoldUSA.com $191.97 Very easy, no need to leave home, transparent process, 10% bonus .

Accepts all gold and silver items. No offer until you submit your item, except for the gold grade calculator on the SellYourGold.com site $81.59 Good site, customer and BBB ratings, good communication Personal ID required, poor tech, very low offer AbeMor.com $0 n/a Didn’t do business with them. Doesn’t accept smaller items and the minimum isn’t clear. Local Cash for Gold Stores $0 to $153 Could be quick cash at a maybe decent price? Dirty deals can be of questionable integrity

While there are many reputable local companies that can give you an honest gold resale price for your jewelry, coins, gold nuggets, bars, or other item, selling your gold online with a reputable company is usually the best way to sell gold .

Using an online gold buyer is beneficial because:

Selling gold online is much more convenient than driving to stores near you. As online businesses serve customers nationally, there are more reviews and national certifications and verification services like the Better Business Bureau to lend credibility and trust. CashforGoldUSA has an online calculator to help you understand the quote before you even send in your item.

An online gold buyer will quote based on the weight and purity (measured in carats) of the metal you are sending. This applies to both gold coins and jewellery: you are paid for the metal value and not the face value of a coin.

Online gold buyers can offer high prices because they don’t have the expensive overhead of a retail store, and the competitive nature of the internet means they are motivated to lower their fees.

Plus, you’ll enjoy the convenience and security of not having to leave your home, and in the case of our recommended gold buyer, a 100% guaranteed top price for selling gold jewellery, gold watches, scrap and gold coins. Start now with CashforGoldUSA >>

Those we considered when selecting the “best” included:

Liberty Gold and Silver

Luria

Exchange for money metals

SellYourGold.com

US gold buyer

APMEX

Kitco

JM gold bars

American gold bars

Goldco Precious Metals

gold geek

After extensively reviewing these companies, here are all the reasons we excluded them and why CashforGoldUSA is the best:

Strong customer service focus, reflected in BBB and TrustPilot ratings, as well as prompt communication via customer’s preferred means of communication: text, phone or email.

Guaranteed the highest price paid, backed by third party intelligence.

Free shipping and insurance with a global brand.

CashforGoldUSA is one of the oldest, most established and largest online gold buyers.

The 24-hour payment is unprecedented in the industry.

Not sure whether to sell your jewelry online or at a local store near you? Read this.

Frequently asked questions about the value of gold: How much is gold worth?

The resale value of your gold is based on the current market price of gold bullion, but takes into account several other factors. The higher the percentage of gold in your jewelry or coin, the higher the value.

Gold is measured in karat, with 24k being the purest gold with the highest gold melt value. Unless you have bullion or another form of pure gold, your gold item will be mixed with other metals or alloys.

You can use CashforGoldUSA’s Gold Calculator to get an estimate of the price of gold, taking into account the current price of gold:

Gold prices surpassed $2,000 this year for the second time in 50 years. As of , the resale value of gold in the United States was at a near record $per ounce or $per gram.

How to recycle e-waste for cash in 2022

How much is a gram of gold worth?

Gold prices surpassed $2,000 this year for the second time in 50 years. As of , the resale value of gold in the United States was at a near record $per ounce or $per gram.

To put this in perspective, a 1 gram gold bar is 8 mm (0.32 in) x 15 mm (0.59 in) x 0.4 mm (0.02 in) – or smaller than a thumbtack.

How much is 18k gold worth?

18k gold is 75% gold and 25% another metal. Because it is less pure than 24k gold, you will get less money for an 18k gold item than for a 24k gold item.

To find out how much money your 18k gold item is worth, all you have to do is go:

Look at the current spot price of gold in grams

Weigh your 18k gold (in grams) and multiply that number by 0.75. This will tell you how much pure gold you have.

Multiply this number by the current spot price of gold.

How much is 24k gold worth?

24k gold is the purest form of gold you will find anywhere. Therefore, 24,000 gold gives you more money than any other type, such as e.g. 18,000 or 14,000.

To determine how much your 24k gold is worth, here’s what you need to do:

Find out the current spot price of gold in grams

Weigh your 24k gold (in grams)

Multiply the weight of your 24k gold by the current spot price of gold

How much is white gold worth?

White gold is an alloy composed of gold mixed with one or more other metals such as nickel. For this reason 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 is generally worth about the same as 18k gold. The same is true when comparing 14k white gold to 14k gold.

How much is 14k white gold worth?

14k white gold contains 58.3% gold. Because gold is a soft metal and 14k gold contains less gold, you will usually find that 14k white gold is more stable than 18k white gold.

To find out how much your 14k white gold is worth, you need to:

Find out the current spot price of gold.

Weigh your 14k white gold (in grams) and multiply that number by 0.583 to determine how much pure gold is in the item.

Multiply the above number by the current spot price of gold to determine how much it’s worth.

How much is 18k white gold worth?

18k white gold contains 75% gold.

To find out how much your 18k white gold is worth, all you have to do is:

Find out the current spot price of gold.

Weigh your 18k white gold (in grams) and multiply that number by 0.75 to determine how much pure gold is in the item.

Multiply the above number by the current spot price of gold to determine how much it’s worth.

Is rose gold worth anything?

Rose gold is an alloy of gold and another metal, most commonly copper, which gives it its unique coloring. Sometimes rose gold contains a small percentage (2.5-5%) of silver in addition to copper.

With this in mind, rose gold is worth as much gold as it contains. 18k rose gold and 14k rose gold have the same gold content as 18k gold and 14k gold respectively.

How much is rose gold worth?

As with regular gold, the value of your rose gold depends on its karat.

18k rose gold contains 75% gold. To determine how much your 18k rose gold is worth, simply find its weight in grams and multiply by 0.75. Then multiply that number by the current spot price of gold.

14k rose gold contains 58.3% gold. To find out how much your 14k rose gold is worth, find its weight in grams and multiply that weight by 0.583. Then multiply that number by the current spot price of gold.

What is the melting point of gold?

First, understand how much you get when you sell your gold. Check the price of your gold scrap, gold jewelry, gold tooth item or other gold item with CashforGoldUSA’s online gold calculator based on today’s most accurate gold price in grams and ounces >>

CashforGoldUSA’s online gold price calculator is very accurate as it automatically uses today’s spot gold price and calculates the resale value of your gold item based on the karat of the gold and the weight in grams or ounces to provide a gold melt price.

Similarly, CashforGoldUSA’s online gold calculator will help you understand the price of your scrap gold based on today’s gold price, the gram or ounce weight and karat of your scrap gold.

The way gold buyers determine the value of gold is rooted in the London Bullion Market Association, which today operates an electronic auction system called the LBMA Gold Price, recognized worldwide as the accepted market price for gold.

The LBMA is an industry association promoting transparency, quality and ethical sourcing in the gold trade.

To give you an estimate of the price you could fetch selling gold, a simple gold wedding band can fetch $100-$200, while a gold necklace (even a broken one) typically fetches $70-$250.

A gold crown could fetch anywhere from $40 to $100 depending on the gold market and gold quality.

If your jewelry is from a well-known brand like Cartier, Tiffany, Taccori or Bulgari, it will usually fetch a higher price.

Frequently Asked Questions About Selling Gold: How Much Does Gold Cost?

Gold prices have been near record highs and are poised to rise as historically gold prices have risen when the stock market has fallen.

Gold prices surpassed $2,000 this year for the second time in 50 years. As of , the resale value of gold in the United States was at a near record $per ounce or $per gram.

What is the best way to get cash for gold?

Money makes the world go round. Sell ​​your gold to a company that specializes in buying gold and will give you most of the money in cash.

Is Now a Good Time to Sell Gold? Is gold good for sale now?

Historically, when the economy and stocks are unstable, gold prices rise. In other words, now is an excellent time to sell your gold!

If you have gold jewelry, coins, gold teeth, or other gold items that you don’t use or like, then you should definitely sell your gold now. This money can be used to pay off debts, take vacations, pay a down payment on a house, or serve other useful purposes.

Even selling an old gold chain that you haven’t worn in years or that’s broken can mean a good restaurant meal!

Two facts:

When the stock market and other economic factors fall, gold prices have historically been stable and strong. This is no exception. Gold prices have been strong for the past decade through early 2022, with no signs of large declines. If you don’t like your gold jewelry or coins and need the money, now is an excellent time to sell your bullion, coins, scrap or jewelry.

Also, it may make sense to sell your gold and buy stocks or an index fund to take advantage of the falling stock market. Essentially, you’re selling your gold high and buying stocks or real estate low—just the best way to invest.

Learn more at CashforGoldUSA >>

Can you make money with gold?

Gold is one of the best long-term investments. Today, when the stock market is falling, is a particularly good time to sell gold, as the price of gold tends to rise when the economy and stock market are falling.

How much do you get for selling gold?

Gold has set record prices of more than $2,000 an ounce over the past year and at current scrap gold prices, a typical wedding ring will fetch you between $100 and $300 depending on the weight and carat.

Where you sell your gold, what type of gold (coins, jewelry, bars, scrap) and whether you sell online or at a location near you will also affect how much money you can get for your gold. Jewelry with diamonds and other precious gems will also bring more. Do you have diamonds? Everything you need to know about selling diamonds and the best diamond buyers – including details on how to sell a diamond ring.

Is It Safe to Sell Gold Online?

Serious gold buyers guarantee security. CashforGoldUSA insures all shipments up to $100,000 with Jewelers’ Mutual Insurance, and you can track your package door-to-door with a FedEx or USPS tracking number—all for free.

This is my personal experience with CashforGoldUSA.

When should I sell my gold? Is it worth selling gold for cash?

If you must ask – yes, sell your gold! Again, it’s better to have cash that you desperately need right now to pay important bills like rent, a car bill, or utilities — rather than gold coins, gold jewelry, bullion, or junk sitting in a drawer or safe.

It can also make sense to sell gold for other investments, including stock funds in a retirement account, real estate, or even education or a new business.

Frequently asked questions about gold selling price:

Gold is not just gold and there are different markets that will determine the price you will be offered for your gold item.

What is a spot price for gold?

The spot price is the price gold will sell today – in place. The gold spot price is used by gold buyers to determine the price they will quote you for your gold today.

Gold Spot Prices The gold value to be delivered immediately after purchase is called the spot price and is calculated as the average net value of all currently traded gold futures for the next month.

What are gold futures?

Meanwhile, gold futures prices serve as the basis for the LBMA gold price, which is based on contracts for the physical delivery of a specified amount of gold on a specified date in the future and is determined by forecast changes in supply and demand, estimated costs of transportation and the storage of gold.

Why does the price of gold fluctuate?

Gold is like any other asset: stocks, real estate, even human labor. Bei größerer Nachfrage steigen die Preise. Wenn es weniger Nachfrage nach Gold gibt, sinken die Preise. Der Goldpreis von Kitco ist einer der wichtigsten Tracker für den Goldpreis.

Was lässt den Goldpreis steigen?

Der Goldpreis steigt, wenn mehr Nachfrage nach Gold besteht. Historisch gesehen steigen die Goldpreise, wenn:

Die Börse ist am Boden

Es herrscht eine große wirtschaftliche Stabilität

Je höher der Goldpreis, desto mehr Menschen neigen dazu, kaufen zu wollen – was den Goldpreis weiter nach oben treibt

Kitcos Goldpreis

Kitco ist ein führender Käufer und Verkäufer von Gold und Edelmetallen sowie ein Schöpfer von Edelmetall-Rohstoffnachrichten. Der Kitco Gold Index ist heute ein beliebtes Maß für den Goldpreis in Echtzeit. Im Gegensatz zum Aktienmarkt, der ein dynamischer Marktplatz ist, werden die täglichen Goldpreise von unabhängigen Märkten festgelegt. Kitco ist einer dieser Märkte.

Häufig gestellte Fragen zum Verkauf von Goldschmuck

Gold ist ein einfaches Metall, das im Periodensystem der Elemente vorkommt – und doch ist es zutiefst mysteriös, im Laufe der Geschichte auf Betrug vorbereitet und erfordert eine gewisse Grundausbildung, bevor Sie Ihr Gold verkaufen. Here are the basics:

Was ist Gold-Vermeil?

Gold Vermeil ist vergoldetes Sterlingsilber, typischerweise mit 22 Karat bis 24 Karat Gold. Es ist üblicher, Gold-Vermeil in 14K-18K zu finden.

Was ist „vergoldet“?

Bei der Vergoldung wird eine dünne Goldschicht durch einen chemischen oder elektrochemischen Plattierungsprozess auf die Oberfläche eines anderen Metalls, Kupfer oder Silber, aufgebracht.

Was ist „mit Gold gefüllt“?

Goldgefüllter Schmuck besteht aus zwei oder drei Schichten: Das Kernmetall ist Messing, und eine Goldlegierung wird dann mit Hitze und Druck auf eine oder beide Oberflächen des Messingkerns gebunden. Goldgefüllter Schmuck enthält eine viel dickere Goldschicht als plattierte oder Vermeil-Artikel und hält dem Verschleiß vergleichsweise besser stand.

Was ist der Unterschied zwischen Gold, Gold Filled und Gold Plated?

Im Gegensatz zu plattierten (auch als „galvanisiert“ oder „getaucht“ bezeichneten) Artikeln mit Goldfüllung ist gesetzlich vorgeschrieben, dass sie 5 % Gold nach Gewicht enthalten. „Gold“-Gegenstände bestehen durchgehend aus der gleichen Goldlegierung.

Was ist Weißgold? Was ist der Unterschied zwischen Weißgold und Gelbgold?

Weißgold hat eine silberne oder weiße Metalloptik und ist eine Legierung von Gold mit Nickel, Platin oder einem anderen Metall. Es gibt keinen nennenswerten Preisunterschied zwischen Weiß- und Gelbgold. Der Wert wird durch die Menge des enthaltenen Goldes bestimmt, nicht durch seine Farbe.

Wie viel ist meine Goldkette wert? Wie viel Geld bekomme ich für eine Goldkette?

Ihre Goldkette oder -halskette ist wahrscheinlich ihr Gewicht x die Qualität des Goldes wert. Hier ist unser Leitfaden für den Online-Verkauf von Halsketten.

Wenn Ihre Kette jedoch von einer bedeutenden Marke wie Bulgari, Cartier, David Yurman oder Tiffany hergestellt wird, ist sie als Ganzes wahrscheinlich mehr wert.

Wie viel ist ein Goldarmband von 14 Karat wert?

Wie andere Schmuckstücke aus Edelmetall ist Ihr Armband so viel wert wie das Gewicht des Goldes x Karat. Wenn es Steine ​​enthält, wie beispielsweise Diamanten in einem Tennisarmband, können diese Edelsteine ​​das Armband aufwerten. Erfahren Sie mehr über den Online-Verkauf Ihres Armbands.

Informieren Sie sich bei anderen Arten von Schmuck mit Edelmetallen und Edelsteinen über den Online-Verkauf von Schmuck, bevor Sie ein Angebot annehmen.

*10 % Bonusangebot. Kunden, die ihre Artikel innerhalb von 7 Tagen nach Erhalt der Versandmaterialien einsenden, erhalten automatisch einen zusätzlichen Bonus von 10 % auf den Schätzwert ihrer Artikel im Vergleich zum Standardpreis. Die Gesamtauszahlung darf den Schmelzwert der Artikel nicht überschreiten. Das 10 %-Bonusangebot ist nicht gültig oder kann nicht mit anderen Sonderangeboten kombiniert werden.

Wie viel ist Gold wert? Der Wiederverkaufswert Ihres Goldes basiert auf dem aktuellen Marktpreis von Goldbarren, berücksichtigt jedoch mehrere andere Faktoren. Je höher der Goldanteil in Ihrem Schmuck oder Ihrer Münze, desto höher der Wert. Wie verkauft man Gold am besten? Während es sicherlich seriöse lokale Juweliere gibt, die Ihnen einen ehrlichen Gold-Wiederverkaufspreis für Ihren Schmuck, Ihre Münzen, Barren oder andere Gegenstände nennen können, ist der Online-Verkauf Ihres Goldes bei einem seriösen Online-Goldankaufsunternehmen bequem und sollte Ihnen das meiste Geld einbringen. Soll ich mein Gold jetzt verkaufen? Wenn Sie fragen müssen, ja, verkaufen Sie Ihr Gold! Es ist besser, Bargeld zu haben, das Sie jetzt dringend brauchen, um wichtige Rechnungen wie Miete, eine Autorechnung oder Nebenkosten zu bezahlen, anstatt Goldmünzen, Goldschmuck, Goldbarren oder Schrott in einer Schublade oder einem Safe zu haben. Wie verkaufe ich mein Gold? Während es sicherlich seriöse lokale Juweliere gibt, die Ihnen einen ehrlichen Gold-Wiederverkaufspreis für Ihren Schmuck, Ihre Münzen, Barren oder andere Gegenstände nennen können, ist der Online-Verkauf Ihres Goldes bei einem seriösen Online-Goldankaufsunternehmen bequem und sollte Ihnen das meiste Geld einbringen. Wie viel kostet Gold? Gold prices are at a 7-year high. Am 1. Januar 2022 lag der Wiederverkaufswert von Gold in den USA bei einem Rekordpreis von 1834,20 $ pro Unze oder 58,83 $ pro Gramm.

One of the quickest and easiest ways to make extra money is to sell your scrap gold. Bullion dealers, pawn shops, and cash-for-gold shops are now as common as convenience stores and retailers, making it easy to sell scrap gold at any time. Although the process is simple, you might not know where to start and that’s why we’re here.

We’ll tell you everything you need to know about selling scrap gold.

Step One: Identify Your Gold

First, you need to know that what you are selling is actually gold. The best way to do this is to look for identifying marks on your jewelry, such as: 14K, 18K, 22K or 24K. These are all signs that your jewelry contains some pure gold.

14k = 58.3% gold

18k = 75% gold

22k = 91.6% gold

24k = 99% gold

If any of the pieces you sell are between 10,000 and 24,000 gold, you will be paid for the gold content of the piece.

Some jewelry may contain hallmarks such as GF or RGP. This indicates that the piece of jewelry is not made of gold but is gold plated or gold filled.

GF stands for gold-filled, and it’s not solid gold. It may still contain some gold characteristics, but the gold grade will be significantly lower than any karat weighted gold. The same goes for RGP, which stands for Rolled Gold Plate. Rolled gold plates are found on many types of costume jewelry and contain no gold value; Therefore, they cannot be sold or recycled.

See Also: 14K vs 18K Gold: What’s the Difference?

Step two: Weigh your gold

You should weigh the gold yourself before trusting the pawn shop or bullion dealer. To weigh gold, use a troy ounce measurement. A troy ounce is 480 grains or 31.1034768 grams. You can weigh your gold at home using a commercial postal scale, but your measurement will be about 9% less than the gold’s actual weight.

Step three: Research the market price of gold

The market price of gold is calculated using the price of gold per ounce. You can look up the current price of gold per ounce online, in newspapers, or by calling your local bullion dealer.

The market price of gold can change daily, so it’s a good idea to do your research now rather than wait until you’re ready to sell. There may come a day when stocks, mutual funds and bonds affect the market price of gold negatively or positively and ultimately determine when you should sell your scrap gold.

Typically, a dealer or pawn shop will pay about 80% of the total market price of the gold jewelry. So keep this in mind when calculating how much you want to make from selling your scrap gold.

If you sell gold coins, gold bars or designer jewelry, the payout is usually more than 80%.

Step Four: Shop Around

Don’t be afraid to take your scrap gold to different locations to get the highest price when you sell your gold. We recommend using a reputable company that is a member of the Jewelry Trade Association so you can get the highest price for your gold while ensuring your transaction is secure.

As you shop around, be sure to search companies online for reviews or complaints on the Better Business Bureau. This will help you determine if you need to avoid certain pawn shops or gold dealer cash.

Step five: Do your due diligence

Once you’ve decided on a place to sell your scrap gold, don’t assume that the jeweler or dealer will treat you fairly. They should oversee the process in which they measure your gold. A reputable gold buyer will measure your gold to the standard in which it is presented. For example, if you have different types of gold of 14k and up, make sure they weigh each piece individually to ensure you are getting the highest price per gram or ounce of gold.

Also, be skeptical of gold parties or mail-in gold exchanges if you’re looking to sell your scrap gold jewelry. While some of these may be legit, many turn out to be scams. Instead, you should seek out a reputable gold dealer or jeweler in the gold market who you can speak to in person to ensure you are treated fairly when figuring out the value of your gold before selling it.

Step 6: Bring ID and get paid

Once you’ve taken your scrap gold to a dealer and agreed to sell your gold item, it’s time to get paid. This is an important step in the sales process as you should be paid by check and not cash. There should be paperwork accompanying the sale of your scrap gold. This should include the pieces you sold, the weight of the gold, and how much the dealer paid you for the gold.

If a dealer tries to give you the market price of gold in cash, you should call for a check or take your business to a bullion dealer who will write you a check and provide documentation for the pieces you are selling.

You must also bring your ID to the bullion dealer or pawn shop that will buy your gold. Your ID will be required during the purchase process, so be sure to take it with you when you’re ready to sell.

Adjust this price to forecast a future value.

Adjust this price to forecast a future value.

Please enter your weights in the appropriate fields to receive refinement tips that will help you maximize your bottom line.

Scrap gold is a term that is used a lot, but some people are confused as to what it means. Let’s see what scrap gold is and how it is measured and valued.

Definition of scrap gold

The term “scrap gold” refers to gold that is sent to a refinery for smelting and recycling.

Therefore, any item that contains gold and is intended to be reprocessed can be considered scrap gold.

For example, if you sell your old jewelry to a gold dealer who sends it to a refinery, the items you sell will be bought as scrap gold.

How scrap gold is weighed and measured

When buying and selling old gold, it is often weighed in troy ounces: 1 troy ounce corresponds to 31.1 grams (1 gram = 0.032 troy ounces).

(1 normal ounce equals 28.34 grams; conversely, 1 gram equals 0.035 ounces.)

Another common measure of scrap gold is pennyweight (abbreviated to “dwt”).

1 pennyweight (1 dwt) is approximately equal to 1.555 grams, 0.05 troy ounces or 0.055 ounces. Alternatively, 1 gram is 0.64 pennyweights, 1 troy ounce is 20 pennyweights and 1 ounce is 18.23 pennyweights.

An important characteristic of scrap gold is its purity, which tells you what percentage of an item is real gold and what percentage of the piece is other metals.

Purity is measured in karat and the maximum gold grade an item can have is 24 karat, which is the karat count of pure gold.

To convert carats to a percentage, simply divide the number of carats by 24. For example, a 14 karat ring (or 14k ring) contains 58.3% pure gold (14 divided by 24).

Click here to browse a collection of gold jewelry.

value of scrap gold

The value of scrap gold depends on two main factors: weight and purity. So if you know the price of gold per unit weight and you also know the karat of a piece of gold jewelry, you can estimate its value as scrap gold.

For example, if you have an 18K piece that weighs 100 grams, then the actual gold content of the item is 75% (18K divided by 24), or in other words, you have 75 grams of pure gold.

All you have to do is multiply 75 grams by the current market price of gold per gram and the result will give you an estimate of how much the gold in your jewelry is worth.

That doesn’t mean you could get that price if you sold. Most gold brokers will buy your old gold at a discount of 20% to 40% off the market price to cover their smelting, refining and other operating costs.

You can check current gold market prices here and here.

Sell ​​scrap gold

There are many scrap gold dealers who can buy your gold jewelry.

However, remember that none of them will pay you as much as your jewelry is worth in store – buyers of scrap gold care about the value of the metal in their items, not the value of their design.

When estimating the value of your scrap gold based on current market prices, remember that a buyer will most likely pay you less than your estimate as dealers work to make a profit on reselling your gold.

Keep in mind that different scrap gold buyers may offer different prices for your jewelry depending on what they do with it and who they resell it to. Because of this, you should research different options and check out a range of offers.

But as a rule of thumb, most scrap gold buyers buy their gold at 60% to 80% of market price — the higher end of the price range is usually offered to people who have a lot of gold to sell.

For example, if you have a 14k gold ring that weighs 10g (excluding stones and non-gold clasps), you actually have 5.83g of pure gold (remember that 14k divided by 24k is 58, 3%).

If the market price per troy ounce is $1,200, that means each gram of pure gold is selling for $38.58 per gram (remember that 1 troy ounce = 31.1g), so you have about $225 worth of gold $ on the market (5.83g x $38.58).

However, since most scrap gold buyers are offering 60% to 80% of the market price, you will end up with between $23.15 and $30.86 per gram, for a total of $134.96 to $179.91 for your item (a price that which is closer to the top). probably only offered if you have hundreds of grams to sell at once).

Suppose a gold buyer says, “We’re bidding $23 per dwt for 14,000 gold.” How do you know if you’re getting a good deal?

Firstly, this means that the price per gram is $14.79 ($23/1.555g since 1 dwt = 1.555g).

However, since there is only 0.583 grams of pure gold in a gram of 14-karat gold, the price per gram of pure gold is actually $25.37 ($14.79/0.583g). Compare this to the market price of gold per gram.

Assume again that the current market price is still $1,200 per troy ounce (31.1g) or $38.58 per gram. So, at a purchase price of $25.37 per gram of scrap gold (pure), the gold buyer is actually offering you about 65% of the market price.

Is that a good deal? It fits in the usual range of 60% to 80% of market price, so let’s just say that’s an okay price.

You are unlikely to get more than 70% of the market price unless you sell at least a few hundred grams of gold. But if you’re just selling a few small rings or a light necklace, most buyers’ offers range from 60% to 70%.

You can always try to negotiate, and some buyers are actually open to negotiation, but be realistic about your cap – most gold dealers won’t pay more than 80%. Those that pay more tend to be large companies that often also own metal refineries.

The exception to this rule is a buyer who does not buy the gold jewelry for scrap but for its value as jewelry. These buyers typically base their ratings on the design, brand, and age of the jewelry. So if you have designer items and antique pieces, you may be able to get a better price on them than selling them as scrap.

I used the complete, easy to follow guide you provided and it came out almost perfect. When I accepted my scrap for sale it was only $1.63. I came home with $433 in just junk. I got a $2 junk sale. saved my day Thanks for your guidance!”

…”

“I had several pieces of junk costume jewelry I wanted to sell but wanted to make sure I wasn’t being scammed.

Gold Prices Per Gram is a free service from Goldpriceoz.com that displays the current gold price (including bid, ask and daily range) and historical gold price charts (London Gold Fix price). Today’s gold price per gram is updated every 1 minute.

Gold price per gram = $55.26 Bid: $55.26 Ask: $55.3 Daily range: $55.14 – $55.86 Updated prices: New York time

Gold price per ounce charts

Gold price per ounce in US dollars

Gram US Dollar US Dollar Gram 1 gram = $55.26 $1 = 0.01809 grams 2 grams = $110.53 $2 = 0.03619 grams 5 grams = $276.32 $5 = 0.09047 grams 10 grams = $552.64 $10 = 0.18095 grams 20 grams 5 = $8.095 20 = 0.3619 grams 25 grams = $1381.6 $25 = 0.45237 grams 50 grams = $2763.2 $50 = 0.90475 grams 100 grams = $5526.39 $100 = 1.8095 grams 1000 grams = $55263.92

Gram – a unit of mass

Gram is a system metric unit of mass that is also a derived SI unit. It is defined as “the absolute weight of a volume of pure water equal to one hundredth of a meter cubic and at the temperature of melting ice”. The unit symbol for grams is “g”.

1 gram = 0.03215 troy ounces

1 gram = 0.001 kilogram

1 troy ounce = 31.1034768 grams

If you haven’t been exposed to at least some form of publicity lately about what to do with your unwanted gold, you’ve probably been living under a rock. The “great ideas” range from sending them in the mail to dropping them off at a “We Buy Gold” office or attending a gold buying party.

Where can you sell your gold?

Small walk-in pop-up gold shops have been flooding my town for the past few months. They are literally everywhere.

The problem with so many options is deciding where to go to get the most out of your gold. To make things even more difficult, there are many people out there trying to rip you off and the resulting losses could be huge.

What I’m going to do is outline the options you have and guide you a bit in which direction to go:

average return of 372%. For $79 (or just $1.52 per week) join over 1 million members and don’t miss their upcoming stock picks. 30 days money back guarantee. Motley Fool Stock Advisor’s recommendations have a. For $79 (or just $1.52 per week) join over 1 million members and don’t miss their upcoming stock picks. 30 days money back guarantee. Join Now

From the beginning

So let’s start from the beginning. You have some gold that you no longer want or need and you want to get rid of it. Remember that all gold is worth money whether it’s broken, tangled, mismatched or whatever. gold is gold It’s worth money, and it’s never been worth more money than it is now. Even in its worst form, gold can always be melted down to retain its value.

First off, there are a few no-brainers to the process. The first is to never mail your gold to any of these companies that will tell you how great the process they have devised is and how efficient it will be for you. They are 100% an absolute rip off, no questions asked. They will no doubt pay you pennies on the dollar. I have seen negative newspaper articles, local investigative news on the subject and things written by former employees of these places. Never… just don’t do it!

Second, I would never sell to the first place I got an offer from before checking other options. The gold market is incredibly competitive right now, and the chances are slim that the first place you look will give you the best price. Get a feel for the current rates in the market by looking at your different options.

Third, I would do a little legwork before proceeding. By that I mean at least that I would weigh your gold and get an idea of ​​the current gold price. Don’t hang out with people who don’t know the subject or you’ll get ripped off. This is just a small measure to avoid being “taken” by not knowing how much you have.

The bad news

However, keep in mind that you will most likely not get anywhere near the current price of gold. If gold was currently trading at $1,200 an ounce, you can only sell changes for significantly lower prices. This is because the buyers of your gold are essentially “middlemen” and are taking a risk in buying your gold. Since they have created a market for you to sell your gold in, you have to pay them a fee that can be considered a courtesy fee. Despite all of that, it doesn’t change the fact that there’s still the “best deal” out there for you.

The options

You have four options:

1) Take it to one of those walk-in We Buy Gold pop-up buildings. If you can’t find one near you I would be shocked. You walk in there, they weigh your gold and make you an offer, usually in just a few minutes. But keep in mind that they can be a little on the “smooth” side. In my case, I knew how much gold I had in grams because I had made some preparations in advance. Just for fun, I asked her how much I had. They gave me the weight of my gold in something called a “penny weight,” which is another valid way to weigh gold, but few people know what it means or how much weight it really means. These places just do this to confuse you. And it increases the need for you to weigh your gold so you know what you’re being offered. In my case, I made sure to switch them to a weight I was more familiar with so they couldn’t hit me with a quick weight.

A few quick guidelines before heading to any of these places

Pure gold is currently paying around $1250 an ounce. If you do the math, that means 10-karat gold “scraps” at about $16.35 per gram. And 14k gold is “scrapped” at $23.50 per gram. Scrap prices refer to what these big companies get paid when they send that gold to be smelted, which is what most of them do with your gold. This means that it is almost impossible for you to ever be offered more than this amount for your gold. In fact, it most likely won’t even come close to that number. As I mentioned earlier, this is due to the “facilitation fee” these trades receive for being market makers. Of course, the closer you get to these numbers, the better.

2) Your second option is to go to a pawn shop. Many people recommend going to pawnshops over the We Buy Gold places as they often pay significantly more. I recently sold some gold myself and that’s exactly what I did. I will describe my experience of selling gold later in this post.

3) You can sell your gold online through an auction site like Worthy. This is the most convenient option as you don’t have to leave your home – Worthy’s professional gemologists clean and photograph your items, send them to third party appraisers for grading and list them in auctions visible to more than 1,000 professional jewelers. Because Worthy takes a flat percentage of the sale price, it has an incentive to get you the highest dollar—probably more than a pawn shop or an in-store gold buyer.

4) After all, all you can ever do is wait. Hold on to your gold and wait for the price to rise. gold fluctuates. But in the long run it was always uphill. If you don’t really need the money, it might be the way to go. Save it for that “rainy day”.

My experience in selling gold

I recently sold some gold and decided to use a combination of the first two strategies here. I knew I’d go to a few pawn shops since I’d heard they pay more than the “we’ll buy gold” places. But first I went to one of the pop-up stores. They offered me pennies on the dollar. About what I expected. Sure, the process only took a few minutes, and they tried to confuse me by telling me how much I had in Penny Weight. When I got up to leave they asked me how much I was looking for. What I had was 14k and I told them I wanted $20 a gram for my gold. I didn’t have much, and I knew I probably would never get that amount, but starting high is a great negotiating technique.

Then something strange happened. This person gave me a card that guaranteed me 10% more than any other offer I got out there. I put that in my wallet and left.

Next I went to a few pawn shops. Don’t worry, they’re fine. The ones I found were pretty clean too. I went to a “chain” pawn shop and a few corner shops. What I found was that the national chains offer you significantly more for your gold because they have more financial backing.

I got a great offer from the national chain pawn shop, got the offer in writing and decided to come back to We Buy Gold to show them the offer. Boy did they have a cow! What they originally offered me was about $8 a gram ($163) and the pawn shop offered me $18 a gram ($375). According to the card they gave me, they would have to pay me $19.80 per gram. This woman spoke to her manager about five times on the phone and none of the people on the other end of the line were very happy. They finally said they would “match” that offer from the pawn shop so I didn’t have to drive all the way back there. Even though they didn’t deliver on the 110% promise, I decided to take the $375 from them.

So you see, I more than doubled the money I would have gotten by just doing a little research and footwork. If I had been more fickle I probably could have forced the 110% pledge, but I was happy with the $375 overall.

Any reader stories about selling your unwanted gold? What worked and what didn’t work? We’d love to hear about your experiences.

Daily Gold Price in Australia • Gold Price in Australian Dollars • XAU in AUD

Find the gold price today for an ounce of gold (oz) or the price of 1g of gold in Australian dollars. Below is the live gold price on August 3, 2022 Wednesday in Australia. The daily exchange rate for 24k gold and 22k gold is shown below. The table also shows the price of gold in the following quantities: 1g, 8g, 100g, 1kg, 1 ounce, 1 sovereign and 1 tola.

Gold Price in Australia Today = AUD 81.82833 / 1 Gram*

amount of gold in grams

Choose Country Australia Bahrain Canada Europe India Kuwait New Zealand Oman Pounds Sterling Qatar Saudi Singapore United Arab Emirates Enter Quantity (gm) Find Price 1 gram of gold = 81.82833 AUD

Gold Price in Australia (AUD) Quantity 22 carats 24 carats 1 gram 82 AUD 89 AUD 8 grams 655 AUD 710 AUD 100 grams 8183 AUD 8870 AUD 1 oz

31.1034768 grams 2545 AUD 2759 AUD 1 kilogram

1000 grams 81828 AUD 88702 AUD 1 Sovereign

7.322381 grams 599 AUD 650 AUD 1 tola

11.6638038 grams 954AUD 1035AUD

Gold price in different countries/currencies

Below is the live gold price in different countries in their respective currencies:

Silver price in different countries/currencies

Below is the live silver price in different countries in their respective currencies:

If you haven’t been exposed to at least some form of publicity lately about what to do with your unwanted gold, you’ve probably been living under a rock. The “great ideas” range from sending them in the mail to dropping them off at a “We Buy Gold” office or attending a gold buying party.

Where can you sell your gold?

Small walk-in pop-up gold shops have been flooding my town for the past few months. They are literally everywhere.

The problem with so many options is deciding where to go to get the most out of your gold. To make things even more difficult, there are many people out there trying to rip you off and the resulting losses could be huge.

What I’m going to do is outline the options you have and guide you a bit in which direction to go:

average return of 372%. For $79 (or just $1.52 per week) join over 1 million members and don’t miss their upcoming stock picks. 30 days money back guarantee. Motley Fool Stock Advisor’s recommendations have a. For $79 (or just $1.52 per week) join over 1 million members and don’t miss their upcoming stock picks. 30 days money back guarantee. Join Now

From the beginning

So let’s start from the beginning. You have some gold that you no longer want or need and you want to get rid of it. Remember that all gold is worth money whether it’s broken, tangled, mismatched or whatever. gold is gold It’s worth money, and it’s never been worth more money than it is now. Even in its worst form, gold can always be melted down to retain its value.

First off, there are a few no-brainers to the process. The first is to never mail your gold to any of these companies that will tell you how great the process they have devised is and how efficient it will be for you. They are 100% an absolute rip off, no questions asked. They will no doubt pay you pennies on the dollar. I have seen negative newspaper articles, local investigative news on the subject and things written by former employees of these places. Never… just don’t do it!

Second, I would never sell to the first place I got an offer from before checking other options. The gold market is incredibly competitive right now, and the chances are slim that the first place you look will give you the best price. Get a feel for the current rates in the market by looking at your different options.

Third, I would do a little legwork before proceeding. By that I mean at least that I would weigh your gold and get an idea of ​​the current gold price. Don’t hang out with people who don’t know the subject or you’ll get ripped off. This is just a small measure to avoid being “taken” by not knowing how much you have.

The bad news

However, keep in mind that you will most likely not get anywhere near the current price of gold. If gold was currently trading at $1,200 an ounce, you can only sell changes for significantly lower prices. This is because the buyers of your gold are essentially “middlemen” and are taking a risk in buying your gold. Since they have created a market for you to sell your gold in, you have to pay them a fee that can be considered a courtesy fee. Despite all of that, it doesn’t change the fact that there’s still the “best deal” out there for you.

The options

You have four options:

1) Take it to one of those walk-in We Buy Gold pop-up buildings. If you can’t find one near you I would be shocked. You walk in there, they weigh your gold and make you an offer, usually in just a few minutes. But keep in mind that they can be a little on the “smooth” side. In my case, I knew how much gold I had in grams because I had made some preparations in advance. Just for fun, I asked her how much I had. They gave me the weight of my gold in something called a “penny weight,” which is another valid way to weigh gold, but few people know what it means or how much weight it really means. These places just do this to confuse you. And it increases the need for you to weigh your gold so you know what you’re being offered. In my case, I made sure to switch them to a weight I was more familiar with so they couldn’t hit me with a quick weight.

A few quick guidelines before heading to any of these places

Pure gold is currently paying around $1250 an ounce. If you do the math, that means 10-karat gold “scraps” at about $16.35 per gram. And 14k gold is “scrapped” at $23.50 per gram. Scrap prices refer to what these big companies get paid when they send that gold to be smelted, which is what most of them do with your gold. This means that it is almost impossible for you to ever be offered more than this amount for your gold. In fact, it most likely won’t even come close to that number. As I mentioned earlier, this is due to the “facilitation fee” these trades receive for being market makers. Of course, the closer you get to these numbers, the better.

2) Your second option is to go to a pawn shop. Many people recommend going to pawnshops over the We Buy Gold places as they often pay significantly more. I recently sold some gold myself and that’s exactly what I did. I will describe my experience of selling gold later in this post.

3) You can sell your gold online through an auction site like Worthy. This is the most convenient option as you don’t have to leave your home – Worthy’s professional gemologists clean and photograph your items, send them to third party appraisers for grading and list them in auctions visible to more than 1,000 professional jewelers. Because Worthy takes a flat percentage of the sale price, it has an incentive to get you the highest dollar—probably more than a pawn shop or an in-store gold buyer.

4) After all, all you can ever do is wait. Hold on to your gold and wait for the price to rise. gold fluctuates. But in the long run it was always uphill. If you don’t really need the money, it might be the way to go. Save it for that “rainy day”.

My experience in selling gold

I recently sold some gold and decided to use a combination of the first two strategies here. I knew I’d go to a few pawn shops since I’d heard they pay more than the “we’ll buy gold” places. But first I went to one of the pop-up stores. They offered me pennies on the dollar. About what I expected. Sure, the process only took a few minutes, and they tried to confuse me by telling me how much I had in Penny Weight. When I got up to leave they asked me how much I was looking for. What I had was 14k and I told them I wanted $20 a gram for my gold. I didn’t have much, and I knew I probably would never get that amount, but starting high is a great negotiating technique.

Then something strange happened. This person gave me a card that guaranteed me 10% more than any other offer I got out there. I put that in my wallet and left.

Next I went to a few pawn shops. Don’t worry, they’re fine. The ones I found were pretty clean too. I went to a “chain” pawn shop and a few corner shops. What I found was that the national chains offer you significantly more for your gold because they have more financial backing.

I got a great offer from the national chain pawn shop, got the offer in writing and decided to come back to We Buy Gold to show them the offer. Boy did they have a cow! What they originally offered me was about $8 a gram ($163) and the pawn shop offered me $18 a gram ($375). According to the card they gave me, they would have to pay me $19.80 per gram. This woman spoke to her manager about five times on the phone and none of the people on the other end of the line were very happy. They finally said they would “match” that offer from the pawn shop so I didn’t have to drive all the way back there. Even though they didn’t deliver on the 110% promise, I decided to take the $375 from them.

So you see, I more than doubled the money I would have gotten by just doing a little research and footwork. If I had been more fickle I probably could have forced the 110% pledge, but I was happy with the $375 overall.

Any reader stories about selling your unwanted gold? What worked and what didn’t work? We’d love to hear about your experiences.

Gold Prices Per Gram is a free service from Goldpriceoz.com that displays the current gold price (including bid, ask and daily range) and historical gold price charts (London Gold Fix price). Today’s gold price per gram is updated every 1 minute.

Gold price per gram = $55.26 Bid: $55.26 Ask: $55.3 Daily range: $55.14 – $55.86 Updated prices: New York time

Gold price per ounce charts

Gold price per ounce in US dollars

Gram US Dollar US Dollar Gram 1 gram = $55.26 $1 = 0.01809 grams 2 grams = $110.53 $2 = 0.03619 grams 5 grams = $276.32 $5 = 0.09047 grams 10 grams = $552.64 $10 = 0.18095 grams 20 grams 5 = $8.095 20 = 0.3619 grams 25 grams = $1381.6 $25 = 0.45237 grams 50 grams = $2763.2 $50 = 0.90475 grams 100 grams = $5526.39 $100 = 1.8095 grams 1000 grams = $55263.92

Gram – a unit of mass

Gram is a system metric unit of mass that is also a derived SI unit. It is defined as “the absolute weight of a volume of pure water equal to one hundredth of a meter cubic and at the temperature of melting ice”. The unit symbol for grams is “g”.

1 gram = 0.03215 troy ounces

1 gram = 0.001 kilogram

1 troy ounce = 31.1034768 grams