Selling Your Gold Jewelry
Now that you understand the different factors that go into determining the value of your gold, you can now look into selling it.
The most common ways to sell jewelry are either on your own to an independent seller, or at a pawn shop.
Before attempting to sell your jewelry either online or through a pawn shop, you should first figure out the estimated value of your ring.
Is 18k Gold Plated Jewelry Worth Buying
Although the plated 18k gold jewelry isnt made of solid gold, it is worth buying.
You may need to manage your expectations, but if you are shopping on a budget and willing to take good care of it, then the jewelry is worth buying.
For more details, please read this post: is gold plated jewelry worth anything?
K Gold Plated Real Or Fake Worth The Money
18k gold plated real or fake? Does 18k gold plated jewelry worth the money? As you guys know, there are numerous variants of gold jewelry, and the most common variety is the gold-plated jewelry.
Gold plated jewelry is by far the most affordable kind of gold jewelry on the market, but what anyone with interests in high-quality jewelry would want to know is whether the gold-plated jewelry is real or fake, and most importantly, should you spend your money on the gold-plated jewelry?
Well, in this article, well take you through everything you need to know about gold-plated jewelry, not just for informational purposes but also to help you make more informed decisions when buying jewelry.
So, keep reading to find out more about gold-plated jewelry.
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How Pure Is 18k Gold
The percentage of gold your ring contains has a crucial influence on its price. As you have already known, the karat is an international measure of the golden jewelry value. More karats mean more gold, which increases the jewelry price accordingly.
For example, 24k gold contains 99% of this precious metal without impurities. On the other hand, there are also 22K, 18K, 14K, and 10K gold with different percentages of alloys, such as copper, nickel, and silver. That practically means 18K gold has 18 out of 24 parts of gold and 6 of some other elements.
Keep in mind that there is a difference between the two terms karat and carat. While the former denotes gold purity, you should exclusively use the term carat when you speak of precious stones, such as diamonds and sapphires.
Of course, 24K gold has the highest price, but it is almost unusable in that form for jewelry production. Pure gold is soft and nearly effortless to shape, but it is delicate, and you can easily scratch it.
Besides, the color of 24K gold is bright yellow, almost orange, shiny, and too conspicuous. Therefore, many people decide to choose 18K gold jewelry. It comes in three colors, depending on the added alloy materials.
|9 out of 24
Except for the karats number, the gold jewelry also has the millesimal fineness tag. It describes how many parts of pure gold are in one thousand particles of the metal. In other words, 18K gold has 75% of gold, and its millesimal fineness is 750.
Difference Between 18k Gold And 18k Gold Plated Jewelry
- First thing will comes to our mind about the What is the difference between 18K gold Jewelry and 18K gold Plated jewelry is the price, 18K gold jewelry is much expansive than 18K gold Plated, it usually will cost you 70-100 USD per gram 18K gold, if your chain necklace weight about 25 grams, then if will cost you 1750-2500 USD or more.but you only need to pay 10-20 USD to own a 25 grams 18k gold plated â¦
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What Should I Expect The Markup To Be
To have a rule of thumb on what mark-up to expect, think a minimum of double. If the cost of a chain is $500.00 expect to pay $1,000.00 or more. A machine made chain will have a cost of the gold, plus alloyed metals, plus labor to make it.
Earrings, rings, bracelets, are all more complex to create than machine made gold chains. So the mark-up will be more just for that aspect of your jewelry.
Any retail mark-up of course takes into account rents, marketing, staffing and we just won’t go there. Just know that the reason you can’t get it at the price the jeweler does is because you aren’t buying a kilo at a time from a gold manufacturer.
Can I Wear 18k Gold Every Day
The majority of skilled jewellers will say that wearing 18 karat gold on a daily basis is fine. Naturally, you should be careful so as not to abuse it with an excessive amount of wear and tear. The presence of an alloy does, however, significantly strengthen the gold and thus it is a suitable material for engagement rings and wedding bands.
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A Large Collection Of 18kt Gold Bracelets To Choose From
Show only jewelry in this price range.
- 18K Mens Link Bracelets
- 18K Fashion Bracelets
- 18K Open Link Bracelets
- 18K Rolo Bracelets
- 18K Foxtail Mesh Bracelets
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Three Reasons It Costs Way More In The Store
But wait! In the store that 20 gram chain is selling for $1,500.00 Whats up with that?1. Our calculations up to this point havent included the cost of the other metals.
2. We havent figured in the cost of labor to make the chain.
3. We havent bumped up the price to a retail level. So far, we’ve been figuring things out on a beginning level.
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How Much Is An 18k Gold Necklace Worth Asked Kelly
How much is an 18K gold necklace worth? Our answer
This question drives many people who have serious plans to sell their gold jewelry. We have answered this question for a young lady from San Francisco wondering about her own jewelry. Unfortunately there is no general answer to this question that applies to all inquiries. An old 18K gold necklace showing significant damage or signs of wear can be described as scrap gold. For this type of jewelry, the stock market value of 18K gold is the most important factor for the value estimation.
Stock market value of 18K gold per gram: $43.48 reDollar purchase price for 18K gold per gram: $39.18
The value estimation becomes more complicated if you have an 18K gold necklace from a famous brand like Tiffany & Co. or Cartier. Then the material value plays a secondary role, and the necklaces value is significantly higher because of the famous jeweler who produced it.
Sell 18K gold jewelry with us
If you want to sell your gold jewelry, the most important decision is to sell to the right buyer: a buyer who pays you top prices. reDollar pays 90% of the stock market value for your gold, plus premiums for diamond and gemstone jewelry or jewelry from famous brands. With us, a top deal is guaranteed.
reDollar price for 18K gold per gram: $39.18
Find out how much an 18K gold necklace is worth
What Are Gold Futures
Meanwhile, gold futures prices serve as the basis for the LBMA Gold Price, which is based on contracts for the physical delivery of a specified amount of gold on a set date in the future, and determined by predicted changes in supply of and demand, the estimated cost of transporting and storing gold.
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What About The Stones In Your Bracelet
If your bracelet has any gemstones, you might not be able to get any money for them from many gold dealers, as most care only about the metal.
Thats why its best to remove the stones before selling the jewelry for scrap gold.
You might want to sell any stones in your bracelet separately.
If you want to also get rid of your diamonds or other stones, you can try selling them to gemstone dealers or retail jewelers.
K Gold Vs Other Gold Alloys
There is a fine appreciation for 18K gold among gold dealers and those who love wearing gold jewelry. Throughout history, people appraised gold as a symbol of prestige, so wearing gold jewelry was a way to show ones social status to everyone around.
As you have probably known, people still tend to look at gold in this way, associating it with glamour and power. Therefore, it is only natural that they give higher value to jewelry containing more gold percentage.
Manufacturers try to keep the gold as pure as possible while making it more practical to work with and more convenient to wear. Most people value 18K gold for its resemblance to pure gold, unlike lower carat jewelry that looks pale and less shiny.
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What Is 24k Gold Chain Made Of
24K gold is the purest version of gold to exist, and it boasts a percentage purity of 99.99%. The 24 karats represent the purity of the pure gold, and it translates to 24 parts of pure gold out of possible 24 parts this is because the purity of gold jewelry is based on the possible total content of gold per every 24 parts.
While there are other types of gold alloys that are more common, 24k gold can be defined as the non-alloyed gold that doesnt have any detectable nickel, zinc, silver, copper, palladium, or any other metals. Therefore, 24k gold is only made of pure gold and nothing else. Unlike 10k, 14k, or 18k gold, which contain gold that is alloyed with metals like copper, zinc, palladium, silver, etc.
Note that the high purity level of 24k gold from non-alloying leaves you with a very soft and malleable version of pure gold. This bright yellow gold with orange-yellow hues is quite different from the common versions of gold you are used to seeing. Unfortunately, its softness means that it bends, scratches, warps, and scuffs easily, which is why its not the go-to version of gold used in jewelry making. A 24K gold chain, therefore, would be a very delicate piece of fine jewelry that shouldnt be worn every day.
Also, you should know that there is no higher level of purity of gold than 24k gold, and because 24k is not alloyed with any other metals, there is nothing like 24k white gold or 24k rose gold.
Gold Value Faqs: How Much Is Gold Worth
The resale value of your gold is based on the current market price of gold bullion but considers several other factors. The higher the percentage of gold in your jewelry or coin, the higher the value.
Gold is measured in karats, with 24-karat being the purest gold, with the highest gold melt value. Unless you have gold bullion or another form of pure gold, your gold item is mixed with other metals or alloys.
You can get an estimate for the price of your gold with CashforGoldUSA’s gold calculator, which factors in the current price of gold:
Gold prices have been hovering at a 7-year high. As of , the gold resale value in the United States was at a near-record price of $ per ounce, or $ per gram.
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Check The Markings And Make Sure Your Gold Is Real
Purity marks on gold tell you the percentage of pure gold, vs the amount of other metals mixed in the alloy. Pure gold is 24 carat, and will be marked 24K with K the abbreviation for carats.
These are the carat markings on gold jewelry, and the purity of gold they represent. This stamp is typically either a carat number, such as 18K, or 12K, in the shape of a rectangle with the corners cut off, and with a number inside. Here is the meaning of those numbers:
999 = 24 karat, 99.9% gold
990 = 22 karat, 99% gold
916 = 22 karat, 91.6% gold
750 = 18 karat, 75% gold
585 = 14 karat, 58.5% gold
375 = 9 carat, 37.5% gold
A piece of gold jewelry or gold coin with an etching or stamp or hallmark that reads 18K or 750 indicates that it is made up of 75% gold, while a 14K or 585 mark means the metal is made up of 58.5% gold. More on selling gold coins here.
Gold bars and gold bullion are nearly always 24K gold.
How to tell if gold is real with a lighter. Hold your gold jewelry or coin to the steady flame of a lighter or oven . Real gold will get bright hot after a while, but will not darken. Fake gold will darken or otherwise change color when exposed to fire. Also, if the piece is gold-plated , the thin gold plating will melt, revealing the inner metal.
Float test. Real gold will not float, and will not rust. Drop your gold into a glass of water. If it floats, it’s fake.
Skin test. Real gold jewelry will not turn your skin black or green.
What Can I Sell It For
Your scrap gold chain has $951.05 worth of pure gold. Obviously there is cost associated with refining your gold and operating a business so you will not get the full value of your gold. But if you take your gold to a reputable buyer that strictly specializes in buying gold you should expect to get 80% to 85%. If you are offered less than this it is not a legitimate offer.
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Here Are The Steps For Gold Plating
This is a crucial step that must be followed in all gold plating processes. The metal surface to be plated is thoroughly cleaned to get rid of dirt and oils, and then the piece is polished.
The other steps involved in surface preparation include stripping, sun blasting, polishing, and tumbling, among others. These processes rely on the use of abrasive materials, cleaning solvents, alkaline cleaners, water, acid etch, and other solvent combination.
The most typical method used, however, involves the use of acids or the non-acidic ultrasonic bath, as well as wheel polishing thanks to the use of the high RPM Rouge.
Thorough surface preparation not only gets rid of dirt and oils it also enhances the adherence of the metal while keeping the plating tank clean and free of contaminants.
After surface preparation and the visual inspection, the base metal is cleaned. This second cleaning step involved electrocleaning, steaming, and ultrasonic cleaning.
This second cleaning step allows for deep cleaning, and its essential for superior plating results. Steam cleaning blasts off the remaining oils that stuck after the polishing phase, and it ensures that nooks and crannies are cleaned out thoroughly.
Here, the piece to be plated is cleaned thoroughly to get rid of any remnant cleaning agents.
This is the second rinse that removed the cleaning agents.
Is 18k Gold Worth Anything
18k gold is one of the best versions of gold, and if you are shopping for the best of the finest gold jewelry, you wont go wrong with 18k gold. Essentially, 18k gold is one of the most valuable gold alloys on the market, and whether you are looking for an engagement ring for you or your fiancé or if you are looking for elegant earrings to gift your love to celebrate your anniversary, you will love 18k gold.
18k gold doesnt just look great when used to make plain jewelry, but its a great fit for your diamond settings, and youd only have to choose the right diamond cut to match your style. Its worth noting that although other versions of gold like 14k gold can be used to set diamonds and other gemstones, most jewelers prefer and recommend 18k solid gold for setting the gold jewelry. The only catch is that between 14k and 18k gold , 18k is more valuable and more expensive than 14k gold, but its less durable and more prone to scratching/ scuff marks.
That said, if you are stuck between 14k and 18k engagement rings, keep in mind that your choice is essentially between the bolder 14k gold and the subtler 18k gold.
But this isnt all you need to know about 18k gold there is a lot more and you will be happy to know that you have more than one type of 18k gold to choose from, and the choice wont be too hard to make because of the different colors of 18k gold, and the fact that some colors look better on some skin tones and others dont.
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Buying 18k Rings Price
As you can guess from the previous text, 18K gold is more expensive than 14K or 10K ones. For instance, if you choose two rings of the same model, the one made of 10K can be twice as cheap as the 18K piece. Unfortunately, that means it has only 41.7% instead of 75% gold and differs aesthetically, primarily in color.
There are several options for buying an 18K golden ring. You can pick it up at a local jewelry store, mall, or online. If you know the right ring size, the simplest way is to order it through the official website, directly from the manufacturer. In this case, the price can be lower by up to 30%.
However, you can also buy the preowned golden ring from a pawn shop. If you decide to do so, you can save a lot of money and buy the ring for 20 or 30% of its real value. On the other hand, you need to check the labels on the jewelry well and ask for the paperwork to make sure you buy what you asked for.
It is hard to predict the prices for the 18k ring without having a particular ring in mind. That is because prices vary from one jeweler to another and many other factors, including the rings model, gemstone, brand name, or possible limited edition.
Therefore, market value can only give you a rough idea of how much the 18K ring you plan to buy costs.