How Much Is A Gold Class Ring Worth?
How much is a gold class ring worth? Need to know the difference between class rings and retail gold? This article will give you a better understanding of what gives jewelry value and what doesn't.
- Gold class rings are considered "scrap gold". The reason is because gold class rings are personalized and are not generic. These kinds of rings don't appeal to a wide range of buyers. Gold class rings also have a lot of markings and lettering that is not easy to be removed, so many times these rings get melted down for their intrinsic value only.
- The only value a gold class ring has is its gold content. The bottom line: gold class rings only have worth because they can be melted down to create new forms of gold jewelry. You can always get current gold spot price for your gold class rings, but don't expect to get much more than that.
- It's worth will be based on karat content also. For example, if you have a 14kt gold class ring, its worth will be based on how much gold is actually in that ring. This is easy to calculate. All you have to do is weigh the ring and then see how much gold percentage is 14kt. 14kt jewelry has 58% gold content, so just do the math and you have the answer to what your gold class ring is worth.
Posted on: May. 15, 2010