How Much Can I Get For A 14k Gold Ring?

What is a 14k gold ring worth?

Now, since 14K gold is only 58.33% actual gold, we divide the per gram price of pure gold ($37.531) by 0.5833 to arrive at a 14K gold price of right at $21.92 a gram. Now you multiply the weight of the ring in grams by the price per gram at 14K, and you have the spot price of your ring.

How much do they give you for 14k gold?

Therefore, 14K is worth 58.5% of the price of 100% pure gold. The current stock price for pure gold (.999 gold) per ounce is $1,528.00. That means that one ounce of 14K gold is worth $894.77.

How much is the average gold ring worth?

The price per ounce of gold fluctuates on a daily basis, but it’s usually between $1,100 and $1,300 per ounce. The basic melt value of your ring is one of the simplest factors to use to figure out how much is white gold worth.

How much do pawn shops pay for 14k gold?

14K Gold is similar to 58.5% gold. Multiply 0.585*21.4 to get 12.51grams. Afterward, multiply the resultant value (12.51) by the current price of gold to get the approximate value pawnshops is likely to offer you for your piece of jewelry.

What is the best way to sell jewelry?

Selling in person

Selling your jewelry in person to a local shop may still be the best way to get the most money out of it. Here, too, you have lots of options, including coin shops, pawnshops, consignment shops and jewelers. The American Gem Society provides a list of local jewelers who buy jewelry.

Is 14k gold worth buying?

14 karat gold is made up of 58.3% gold and 41.7% alloy, or 14 out of 24 parts gold. 14k gold is also more affordable than 18k, making it a good all-round option if you’re looking for a mix of quality, durability and value for money. The only real downside of 14k gold is its potential to trigger skin irritation.

How is gold weighed for cash?

U.S. scales will measure 28 grams per ounce, while gold is measured at 31.1 grams per Troy ounce. A pennyweight is the equivalent of 1.555 grams. Be alert that a dealer does not weigh your gold by pennyweight but pay you by the gram, a sneaky way for the dealer to pay you less for more weight of gold.

What is 14k gold worth per ounce?

14K Gold Price in US Dollar today per Ounce

Current Price:$999.47 USD
Bid Price:$999.12 USD
Ask Price:$999.82 USD
Today Low:$997.24 USD
Today High:$1,000.67 USD

How much do Jewelers pay for gold?

Pure gold is currently paying about $1250 per ounce. By going through the math, this means that 10 karat gold will “scrap” at about $16.35 per gram. And 14 karat gold will “scrap” at $23.50 per gram.

Where can I sell my diamond ring for the most money?

The best place to sell your engagement ring

RankNameOffer
1Diamond specialist$2,300 – $2,500
2Local jeweler$1,500 – $2,000
3‘Worthy.com$1,540
4‘We buy gold’ store$1,300 – $1,500

2 more rows

How much can you sell a 10k gold ring for?

But that’s the pure gold value. To get the value of 10K gold, you have to multiply the price of pure gold by 0.416.

For your convenience, here is the current value of 10K gold:

24K gold market price per gram$51.99
10K gold selling value per gram$19.50
10K gold selling value per dwt.$30.33

Do pawn shops pay spot price for gold?

Every pawn and gold buying store in your area will offer a different amount for your gold. If you have an ounce of 24K bullion, like a bar of gold, my pawn stores would offer 90% of the spot value. Today, my gold buying store offers 95% of spot.

Is 585 gold worth anything?

585 VALUE: $30.66 PER GRAM

Besides 58.5% pure gold, an item that has a 585 marking also contains other precious metals such as silver, copper, zinc, palladium, and seldom but sometimes also platinum. The most common 585 gold alloys consist of: Orange-yellow: 585 parts gold, 138 parts silver, 277 parts copper.

What do pawn shops give for gold?

Pure gold is currently paying about $1250 per ounce. By going through the math, this means that 10 karat gold will “scrap” at about $16.35 per gram. And 14 karat gold will “scrap” at $23.50 per gram.