Scrap Gold Jewelry
Determining the value
WE BUY SCRAP GOLD JEWELRY
Paying Top Dollar For Your Scrap Gold!
Ca$h! On The Spot!
What Is Scrap Gold Jewelry?
Scrap Gold is any unwanted, no longer worn, or broken, missing pieces or missing parts of a set, working or not working (watches), gold jewelry.
What Scrap Gold Jewelry Do You Buy?
We buy ALL scrap Gold! See some examples below:
WEDDING BANDS
BRIDAL SETS
CLASS RINGS
WRIST WATCHES
BRACELETS
NECKLACES & CHAINS
EARRINGS
POCKET WATCHES
How To Determine the Value of Scrap Gold Jewelry
We are always asked how we determine the value of scrap gold jewelry when we are purchasing it.
Well it is quite simple.
The first thing we do is determine what carat the scrap gold jewelry is. This is important because different karat jewelry contains different amounts of gold.
Gold Per Karat
8K = 33% Gold
9K = 37.5% Gold
10K = 41.7% Gold
14K = 58.3% Gold
18K = 75% Gold
22K = 91.6% Gold
24K = 99.9% Gold
If you are still not sure what percentage of gold your jewelry contains you can always divide the carat into 24 (for pure gold).
So for example if you have a 10K class ring take 10/24 = .417 or 41.7% or if you have an 22K gold bangle bracelet take 22/24 = .916 or 91.6%.
Determine Scrap Gold Jewelry - Next Step
Once we have the scrap gold jewelry separated by carat we then weigh the jewelry by carat on our Florida State Certified Class 2 Scales.
After we have the weight, we apply the current gold price to the amount of actual gold the customer has. Which determines the amount we pay for the gold jewelry.
Examples:
Lets assume the price of gold is $1200 an ounce and a customer has:
9 dwt (pennyweight; 20dwt to an ounce) of 10K = $1200 x .417 / 20 x 9 = $225.18
12 dwt of 14K = $1200 x .583 / 20 x 12 = $419.76
5.4 dwt of 18K = $1200 x .75 / 20 x 5.4 = $243.00
For a total of $887.94
We have to divide by 20 because there are 20dwt to an ounce.
If you would like to check the price of gold online before visiting our shop we recommend using KITCO https://www.kitco.com
CASH
FOR
GOLD
8K, 9K, 10K, 14K, 18K, 22K, & 999 Gold
Outdated, damaged, broken, single earrings, and scrap jewelry
Antique, Estate, Fashion, Brand Name, Jewelry…i.e. Tiffany, Elizabeth Locke, Cartier, Mikimoto…
Yellow, White, or Rose Gold, Filigree, and even Gold-Filled Costume Jewelry
Rings, Earrings, Bracelets, Necklaces, Charms, Pendants, Brooches, Sets, Cameos, Fobs, Wrist Watches & Pocket Watches
Class Rings, Engagement Rings, & Wedding Bands
All dental gold such as gold fillings, gold crowns, & bridges
CASH
FOR
GOLD
In addition to other Precious Metals Items. Think you have something off the wall? No worries. If it’s got a Precious Metal in it, we just may surprise you and buy it!
We are also buying – SILVER, PLATINUM, PALLADIUM, & RHODIUM Jewelry.
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