I have always been one of those people who is laser-focused on looking as professional as possible, which is why I began second-guessing my choice of jewelry. I could tell that I was starting to look a little older, so I began choosing pieces that were a little more modern and delicate. It was really amazing to see how much of a difference it made in my life, and before I knew it, things had really come together. This website is here to help other people to know how to create a style of their own by using jewelry. Check it out for great information!
One of the reasons gold is desirable to many people is its ability to retain its value, regardless of its age or the state it happens to be in. A one ounce gold coin will be just as valuable as a one ounce gold necklace, so long as they have the same total gold content. That said, in order to accurately gauge the value of gold jewelry or other items, you should be aware of different characteristics and external factors that will affect the final dollar amount those items can be sold for.
How Much Gold is in Your Gold?
Gold quality is determined as a factor of an item's gold content, which results in a rating known as its karat value. An item which is composed completely of gold is rated a 24 karat, though few items other than coins carry this rating. Necklaces and other jewelry may carry a rating as high as 22 karat, meaning it is made of 91.6% gold and 8.4% copper, nickel, or other precious metals, though this too is rare.
Start by identifying the karat rating on an item, usually found on clasps and the underside of rings, in order to determine what percentage of its weight is made up by gold. This percentage will help you determine the final melt value of the gold contained in the ring, necklace or bracelet.
The Price of Gold Today May Not be the Price of Gold Tomorrow
Gold's melt value varies from day to day based on its stock price, so before you march off to a gold buyer, pawn broker or jewelry store, take the time to check this. Look for sites that provide both up to the minute updates as well as historical data so you can see not only what the price per gram is today, and what you can expect based on past patterns. In order to make the most of this information, you'll also want to weigh your gold, preferably in grams given its size.
Selling off gold jewelry that is broken, old or unwanted to a company like Estate Buying Group - Harry H. Solom Co, Inc. is a great way to free up space in a jewelry box or just get rid of junk. However, to get the best deal it's imperative that you know what you have before you go to sell it. Make sure you're looking for buyers who offer prices as close to the actual value of the gold you're selling as possible, and you'll come away from any deal happy to have worked with them.Share