Comments on: How much is that gold jewelry worth? http://www.mightybargainhunter.com/2009/06/13/how-much-is-that-gold-jewelry-worth/ Personal finance, commentary, and spending less the easy way Fri, 12 Mar 2010 04:59:46 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: mbhunter http://www.mightybargainhunter.com/2009/06/13/how-much-is-that-gold-jewelry-worth/comment-page-1/#comment-212784 mbhunter Tue, 09 Mar 2010 03:33:16 +0000 http://www.mightybargainhunter.com/?p=1648#comment-212784 Michael: I had two examples going in parallel. Two 30-gram chains: one 14k (solid) gold, and the other gold-filled. Michael: I had two examples going in parallel. Two 30-gram chains: one 14k (solid) gold, and the other gold-filled.

]]> By: michael http://www.mightybargainhunter.com/2009/06/13/how-much-is-that-gold-jewelry-worth/comment-page-1/#comment-211754 michael Sat, 06 Mar 2010 00:08:50 +0000 http://www.mightybargainhunter.com/?p=1648#comment-211754 HI, The following statement is from the above article. " A 30-gram chain marked “1/20 14K” will have at least 5% of 30 grams, or 1.5 grams, of gold." It later states, "The gold filled chain has at least $45.25 worth of gold in it." This was based on a spot price of $938.30. I may be wrong, but I believe that the correct ending to the first quote should state," 1.5 grams of 14K GOLD." Therefore, if a 30 gr. chain of 14K contains 17.5 grams of "pure" gold, then a 30 gr. chain of 1/20 14K should have 1/20th or 5% of 17.5 grams. This amounts to .875 grams of "pure" gold with a value of $26.40, and not the $45.25 quoted in the article. Thanks HI, The following statement is from the above article. ” A 30-gram chain marked “1/20 14K” will have at least 5% of 30 grams, or 1.5 grams, of gold.”
It later states, “The gold filled chain has at least $45.25 worth of gold in it.” This was based on a spot price of $938.30.
I may be wrong, but I believe that the correct ending to the first quote should state,” 1.5 grams of 14K GOLD.”
Therefore, if a 30 gr. chain of 14K contains 17.5 grams of “pure” gold, then a 30 gr. chain of 1/20 14K should have 1/20th or 5% of 17.5 grams. This amounts to .875 grams of “pure” gold with a value of $26.40, and not the $45.25 quoted in the article. Thanks

]]> By: Jose gomez http://www.mightybargainhunter.com/2009/06/13/how-much-is-that-gold-jewelry-worth/comment-page-1/#comment-186601 Jose gomez Thu, 06 Aug 2009 00:43:22 +0000 http://www.mightybargainhunter.com/?p=1648#comment-186601 i know the other company goldkit is bs, i sent in some of my jewelry(gold) hoping i would get a fair amount , but tell me how, when i got the check it was at the amount of 58.** i know the other company goldkit is bs, i sent in some of my jewelry(gold) hoping i would get a fair amount , but tell me how, when i got the check it was at the amount of 58.**

]]> By: diamonds http://www.mightybargainhunter.com/2009/06/13/how-much-is-that-gold-jewelry-worth/comment-page-1/#comment-184358 diamonds Mon, 13 Jul 2009 18:38:04 +0000 http://www.mightybargainhunter.com/?p=1648#comment-184358 Great post, very helpful to anyone looking to sell scrap gold. Isn't it funny how all these sites just popped up when gold prices started to shoot up? I think one could do just fine by visiting several local jewelers in their area to compare what they are willing to pay for scrap. That way you have no suprises and you'll have a better idea if you are getting a fair payment. Great post, very helpful to anyone looking to sell scrap gold. Isn’t it funny how all these sites just popped up when gold prices started to shoot up? I think one could do just fine by visiting several local jewelers in their area to compare what they are willing to pay for scrap. That way you have no suprises and you’ll have a better idea if you are getting a fair payment.

]]> By: Mikael @ Retire Early http://www.mightybargainhunter.com/2009/06/13/how-much-is-that-gold-jewelry-worth/comment-page-1/#comment-182533 Mikael @ Retire Early Fri, 26 Jun 2009 13:49:34 +0000 http://www.mightybargainhunter.com/?p=1648#comment-182533 I have to admit that I have been around long enough to be very suspicious when I come across these sites. There have been (and probably still is) so many scammers in that niche that I would personally only want to deal with the top sites in the industry. I have to admit that I have been around long enough to be very suspicious when I come across these sites. There have been (and probably still is) so many scammers in that niche that I would personally only want to deal with the top sites in the industry.

]]> By: Kosmo @ The Casual Observer http://www.mightybargainhunter.com/2009/06/13/how-much-is-that-gold-jewelry-worth/comment-page-1/#comment-181836 Kosmo @ The Casual Observer Fri, 19 Jun 2009 16:32:51 +0000 http://www.mightybargainhunter.com/?p=1648#comment-181836 There was a burglary ring in a town I used to live. They targeted Indian families because of the gold jewelry (gold is a very big thing in India). The thieves didn't bother with pawn shops. They just shipped the stuff to the cash for gold places, essentially turning them cash for gold place into a fence. They probably got more than they would have on the street ... There was a burglary ring in a town I used to live. They targeted Indian families because of the gold jewelry (gold is a very big thing in India).

The thieves didn’t bother with pawn shops. They just shipped the stuff to the cash for gold places, essentially turning them cash for gold place into a fence. They probably got more than they would have on the street …

]]> By: mbhunter http://www.mightybargainhunter.com/2009/06/13/how-much-is-that-gold-jewelry-worth/comment-page-1/#comment-181200 mbhunter Sun, 14 Jun 2009 03:35:49 +0000 http://www.mightybargainhunter.com/?p=1648#comment-181200 22k is fairly common for coins. Krugerrands are 22k as are most older American gold coins. The newer American gold coins are 24k. It's rare to find 22k gold jewelry because it's too soft. 14k is about as high as you would want to go. 22k is fairly common for coins. Krugerrands are 22k as are most older American gold coins. The newer American gold coins are 24k. It’s rare to find 22k gold jewelry because it’s too soft. 14k is about as high as you would want to go.

]]> By: MoneyEnergy http://www.mightybargainhunter.com/2009/06/13/how-much-is-that-gold-jewelry-worth/comment-page-1/#comment-181167 MoneyEnergy Sat, 13 Jun 2009 18:27:49 +0000 http://www.mightybargainhunter.com/?p=1648#comment-181167 Good analysis. I don't personally have a lot of gold jewelry, but I know people who do. One wonders how much the markup really is on the gold it contains itself. I know I probably wouldn't even buy gold coins less than 99% - so that 916 number is good for jewelry, less so for bullion. Good analysis. I don’t personally have a lot of gold jewelry, but I know people who do. One wonders how much the markup really is on the gold it contains itself. I know I probably wouldn’t even buy gold coins less than 99% – so that 916 number is good for jewelry, less so for bullion.

]]>