Astaria

The unit of measure used to value precious metals is a “troy ounce”. Every troy ounce of pure gold, platinum or silver can be “diluted” or “alloyed” with other metals to make jewelry. In the United States, gold jewelry is usually alloyed in 10 karat (kt), 14 kt, or 18kt. The higher the karat the higher the level of pure gold your jewelry will yield. The percentage of pure gold in 10kt is 41%, 14kt is 58.3% and 18kt is 75%. So, when the price of pure gold is $800 per ounce, 10kt is valued at $333/oz, 14kt is valued at $466/0z and 18kt is valued at $600/oz. The actual price you can expect to receive will depend on the quantity you are selling. However, if someone offers you less than 50% of the above prices you should find another buyer! The weight of precious metal jewelry is measured in one of two ways: either in pennywei kollagen intensiv ght (DWT) or in grams (GR). Don’t let this confuse you. An ounce of gold weighs either 20 pennyweight or 31.1grams. When selling your gold jewelry, you should expect to be told the pennyweight or the gram weight of the piece(s) you are selling and a price in dollars per pennyweight or gram the buyer is paying. Example: 10.0 DWT bracelet multiplied by $15.00/DWT is priced at $150 and the same bracelet weighed on a gram scale will weigh 15.0gr multiplied by $10.00/GR and still priced at $150. Every company buying gold should be willing to quote you their daily price offering for the various karats and the price difference for larger quantities. You should be wary of those who will not give you a straight answer. In today’s marketplace it is easy to find buyers of precious metal on the Internet or in your local area.