The Fools Gold

Its in the box, i dont think its ever been used and its in excellent condition.

It depends on the weight. Take it somewhere like a jewelry store and ask them to weigh it to get the gram weight. Then:

24K is pure gold, 18K is 75% gold, 14K is 58% gold etc. Given an approx spot gold price of $1000/oz., scrap value of One (1) gram of gold is as follows:

10K $12.67 per gram.
14K $17.49 per gram
18K $22.64 per gram
24K $30.93 per gram

I checked a few things selling on ebay. They are going for roughly about the same prices as shown in the above table.

So you need to weigh the item first, then do the math using the table above.

One Response

1. mule Says:
   September 1st, 2009 at 4:25 am

   It depends on the weight. Take it somewhere like a jewelry store and ask them to weigh it to get the gram weight. Then:

   24K is pure gold, 18K is 75% gold, 14K is 58% gold etc. Given an approx spot gold price of $1000/oz., scrap value of One (1) gram of gold is as follows:

   10K $12.67 per gram.
   14K $17.49 per gram
   18K $22.64 per gram
   24K $30.93 per gram

   I checked a few things selling on ebay. They are going for roughly about the same prices as shown in the above table.

   So you need to weigh the item first, then do the math using the table above.
   References :
   http://goldprice.org/buying-gold/2005/12/selling-scrap-gold.html

   http://www.jackhunt.com/gold-calc.html

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