Sell Gold – Where To

sell gold, gold buyer, buy sell gold

Sell Gold with some Know-How

Where to sell gold? Selling gold is easier than ever. There are gold buyers advertising everywhere. Don’t think that they pay top dollar? They probably don’t.

These gold buyers have to pay for their advertising some how. Here are a few things you should know before you sell your gold. There are three main ways gold buyers will calculate the weight of your gold: DWT, gram and ounce.

  1. DWT’s are pronounced penny weights (i don’t know why). This is the important part.
  2. The ounces are troy ounces. There are 20 penny weights (dwt) in a troy ounce.
  3. There are 30 grams in a troy ounce.

Now, 14kt gold’s numeric gold make up is 585 or 58.5% of pure gold. If gold is $1000 an ounce than the full value of your 14kt is $1000 times 58.5% and then divided by grams or dwt’s. Excuse me if this is confusing. So at 1000 gold, the full value of 14kt is $585 per ounce, $29.25 per dwt, and 19.5 per gram.

Keep in mind no one will pay 58.5% for your 14kt, unless they are going to resell your gold jewelry. You are more likely to get closer to 50% for 14kt. This is really just a guide so you can figure how close someone is willing to work with you. If at $1000 gold someone offers you $10 per dwt for your gold, you know not to take it. You can do much better than that. For reference, 18kt= 75%. Please, any questions don’t hesitate to ask. Any comments, feel free.

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