How much is used 14k or 18k gold in grams?

Question

my mom has old used gold but she only wore it once.She has some 14k and some 18k.

now she wants to get rid of it.

but we don't know how it is worth in gram weight.

any help???

ill give 5 points.

Answer 1

The first thing you have to realize is that if you sell the jewelry, you will not receive the full value since the buyer will discount the price (he's got to make a profit).  The second thing is that you must weigh the pieces on a jeweler's scale.

18k: weight in grams x price of gold ($26.57 is today's approximate closing price per gram) x 75% (18k is 75% pure) = value

14k: same except the purity is 58.33%

Be aware that the price of gold fluctuates throughout the day since it's a commodity.

Answer 2

1) Sort the jewelry you wish to sell into piles by K: 24K, 20K, 18K, 14K  and so on. If you don't know, it may only be gold-plated which is very low in gold content. Leave the gold-plated things separate.

2) Weigh each pile in grams* and multiply the weight by the K number, then divide that number by 24.  For example, if the 20K pile weighs 12 grams*, 12 x 20 / 24 = 10

3) Add up the numbers you get for each pile.  This is the total 24K gold content, in grams*

*  Any unit of weight will do, but the price of gold is quoted in US dollars / Troy ounce, 31.1 grams each.  Any scale you might have is probably not calibrated in Troy ounces.

4) Look up the price of gold online:

http://www.kitco.com

At the time of this writing, the bid price of gold is $808.20US  / troy ounce.  Gold prices fluctuate constantly.  By the time you read this, the price may be lower or higher.

5) Divide the gold price by 31.1 to get the price in grams*.   In this example, $808.20 / 31.1 = $25.98 per gram*.    Multiply the total number you got in step 3 by the price per gram*.  This represents the approximate worth of the gold content in your jewelry.

Note that the value of the gold in the jewelry may be substantially less that the amount you originally paid for the jewelry.  Jewelry is not just a lump of gold; it represents art and craftmanship. Stores that sell jewelry often have substantial markups.  However, no piece of jewelry will ever be worth less than the value of the precious metals in it.  This is part of the appeal of gold and silver jewelry.  Unlike our currency, they will never be worthless.

Grandpa