Gold prices are on the rise. Due to many factors in the world, gold prices seem to be increasing, making it a very appealing time to cash in your unwanted jewelry.
Over the last few months gold prices have been on the rise. Whether you have unwanted treasures in your jewelry box or safe deposit box, it is time to go retrieve them and turn it into cash. In our state of the art jewelry shop we will evaluate your valuables to see what type of metal they are so we can offer you the highest price possible. With our years of experience and professional tools we can do a quick and fair assessment to figure out exactly what you have.
When you bring your gold to us for evaluation it is important to remember that the price we offer you is based upon the pure gold content. When gold is used in jewelry it is mixed with alloy metal to increase metal strength and to make it more affordable. The metals used as alloys include copper, silver, or nickel. Here is a chart showing the percent of pure gold after metal alloys are added.
- 100 % = 100 fine = 24 karat
- 91.7 % = 917 fine = 22 karat
- 75.0 % = 750 fine = 18 karat
- 58.5 % = 585 fine = 14 karat
- 41.6 % = 416 fine = 10 karat
When you sell gold jewelry we only pay for the pure gold content. You do not get paid for the alloy. In other words if a piece of jewelry is 10 karat gold, you will be paid for the 41.6% of pure gold; the 59.4% of alloy is melted away. The same goes for the other karat percentages. The only dollars paid for scrap are for the pure gold. We also pay a fee to the refiner that we sell our scrap gold to, so this has to be taken out of the equation when we are buying metal.
Many people come in with appraisals for their jewelry at the full retail price believing this is what they will be paid when they want to sell their gold. The retail replacement price however includes labor to make the piece of jewelry and profit on many different levels including the person selling the original refined gold, as well as the jeweler who designed, made and polished the piece. You do not retrieve these costs when selling scrap. Many times we find it is difficult for individuals to understand why we can't offer full retail for their jewelry.
In our discreet and safe environment, you can deal with me personally and privately to evaluate your treasures and figure out their value. I promise to be as fair as possible, remembering that we are scrapping most items and we are paying you for the pure gold content. Sometimes we evaluate items and can determine the highest value can be achieved not by selling them for scrap but reselling them as they are. For these items we will offer a premium to resell them complete.