How To Find The Value Of Gold Jewelry
Want to know how to find the value of gold jewelry? Do you want to be equipped with knowledge that will help you know the exact difference in value between a 10k and a 14k gold chain? The information you need is right here for you to use in your personal life or business.
- You need to first know what karat your gold is. Become familiar with gold percentages. All karat stampings, like 10k, 14k and 18k, stand for a certain percentage of gold that is in a particular gold piece. For example, 14k means that the gold jewelry has 58.5 percent gold content. When you are calculating the value of your jewelry, you will need to figure this in.
- Find out the entire weight of your gold jewelry. This is key to finding out the value of your gold jewelry also, because you can't figure out how many grams are in your jewelry without knowing this. Use a digital scale to get the most accurate measure of the weight of your gold.
- See what the current gold spot price is. You can easily find this information on the internet, on sites that show current gold index prices. The gold index price is the current price for gold on the stock market. The price shows how much an once of pure gold is worth, and it changes minute by minute.
- The value of gold jewelry is not always about intrinsic worth. If you have a collector's gold piece that is in huge demand, it can be worth a lot of money. To find out what the value of numismatic gold is, you will need to research gold jewelry auctions and compare similar gold pieces. Auction websites are a good place to start if you're new to this type of business.