Silver Values

Gold Jewelry Purity Calculations

We have seen a lot of talk about finding inexpensive gold jewelry to sell as “scrap gold”. And of course, we have also heard from people who are intereseted in selling their scrap gold for cash, and want to use the spot gold price as some indication of the value of their jewelry. The K or Karat system may seem confusing, but it is actually fairly simple, so let us give you a quick explanation of the value of gold jewelry as expressed in the spot price of gold.

Now note that you may be unlikely to get an offer of spot price for your spot price since many buyers – refiners, pawn shops, coin shops, or jewelers, need some sort of spread in order to make a profit. But if you are interested in selling, I want you to understand that spot price so you can make a decision about how close an offer is to the true value. If you are buying jewelry for the bullion content, and are not familiar with gold value calculations, this should give you an indication on where you should start making offers too.

Multipliers for gold purity:
24K = .999 = pure
22K = .917
18K = .750
14K = .585
12K = .5
10K = .417

So a 24K gold bullion coins is considered very close to pure gold. An 18K gold necklace is considered 75% gold, or take 18/24 = .75. See how that works? It is easy to understand that 12K gold would be 50 percent gold when you understand that you are starting with 24K gold as a marker for pure gold.

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We can find several sources of real jewelry at discounted prices online. Jewelry stores mark up items at an incredible rate. This becomes obvious if you ever try to resell old jewelry. At online markets you can find new jewelry without the high overheads you might find at a local high end retailer. So if you appreciate fine jewelry, but don’t want to pay more just for bragging rights, an online jewelry discounter is a place to start shopping.

Buy A Diamond Ring and Get A Second One Free at Diva Diamonds. This is a great idea with Mother’s Day coming up. Your wife will appreciate a gift, and so will your mom! Of give you wife the larger ring, and present your daughter with the smaller one. You can give them the value and security of real jewelry without overpaying on the street. In fact they offer real jewelry at 50 to 70 percent discounts over retail jewelry stores.

Send Online Jewelry Fast : Offers Discounted Jewelry, Gifts, and Flowers that you can send to the US, and in some cases, overseas.

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