Gold Jewelry Purity
You’ve identifed your gold jewelry and know how much it weighs, the next step is purity. For many years US law commands that gold jewelry must be marked as to its purity. To find gold hallmark stamps you will need a 10x loupe or magnifying glass. Look for the following common marks: 22k, 18k, 14k, 10k, 585, .750, .999. From these marks you will be able to calculate the value of your gold jewelry. For instance, 18k or .750 is 75% solid gold and 25% copper and or silver. A 14k piece of gold jewelry is just over 58% pure gold and 42% other metal. 22k gold is just over 91% pure. In jewelry it is rare to see 24k solid gold or .999 jewelry. “Why?” Because .999 gold is so pliable that jewelry simply breaks or bends apart, because of this most Chinese or Indian gold jewelry as it is called tends to be 22k to 23k with 18k clasps.
Selling Your 1970s Gold Disco Jewelry
So let’s pretend you have 3 pieces of gold jewelry from the wild disco days of the late 1970s… in San Francisco that would have been the fabulous Palladium! You wouldn’t be caught dead wearing any of it today and would rather put that money to other use. After reading Mike’s Guide to Selling Gold Jewelry you weighed each item in grams and identified their purity. The gold ring has 8 small channel-set diamonds that you figured have little value. The setting weighs 14 grams and purity is stamped 14k. The earrings total 10 grams of 14k and the bracelet totals 29 grams of 18k. This gives you 24 grams of 14k and 29 grams of 18k. So you have a combined total of over 1 t.oz of gold! This is gold jewelry that your sure won’t be resold due to the look and style so assume it will be valued as scrap (as is 90% of the gold jewelry is today). Now, the next step is to value the scrap gold jewelry using current spot gold prices. Click on the ‘Calculate Gold’ tab to find out how to place a minimum value on your gold jewelry.