If you have many pieces you’re looking to sell, try separating them into categories. Here is an interesting guide of the different amounts of gold in jewelry pieces. Gold value graphs shown throughout the Gold industry state how much gold is worth on the market at 100%. The percentages to the right, on the graph below, show how much each karat weight is actually gold. This is due to the fact that gold, in its truest form, is far too brittle to be molded into much of anything.
- 24 kt Gold Jewelry > 99.99% gold
- 22 kt Gold Jewelry > is 91.7% gold
- 18 kt Gold Jewelry > is 75% gold
- 14 kt Gold Jewelry > is 58.3% gold
- 12 kt Gold Jewelry > is 50% gold
- 10 kt Gold Jewelry > is 41.7% gold
Correct testing methods are crucial as you need to know exactly what you have in order to value it.
This is why a trusted, well trained company should evaluate your gold jewelry and other fine valuables. Becoming educated on your valuables as well as certain testing methods will ensure the highest payout, not to mention a sound mind.
We have multiple cases where people have walked in thinking they were going to get $50 to a $100 and they ended up walking out with $600 to $800 and more.