Sell Gold For Cash
Turn Your Old Gold Into Cash!

Gold Selling Price Per Gram

13 years ago I got my start in jewelry store ownership when I opened a scrap shop buying and selling gold, diamonds, watches, & antiquities, eventually I moved to high-end bridal. I purchased a lot of scrap gold and made a nice living do it, and that was when gold was 5 per oz. Now you can offer someone 0 per oz. and it becomes a fair amount for their scrap jewelry. Imagine trying to offer someone for a 14k gold bracelet that they paid for, that’s the way it was 10 years ago. Now let’s look at today’s scenario: A customer buys a 3 gram bracelet 10 years ago for , at today’s price you can scrap the bracelet for . You can offer for the bracelet and it seems like a fair offer. This makes it much easier to buy scrap from customers and there’s a ton of money to make – you can’t ignore it any longer. If you’ve never purchased gold over-the-counter and would like to get some insight on how to successfully create a buying department then please read on.

Calculating the value of scrap gold

To determine how much an item is worth you need to know what the daily spot price is for gold. I use the website kitco's website for daily quotes. Take the daily spot price and multiply it by the percentage of melt that your refiner will pay you for gold (Most refiners will pay you 80%-90% for .999 after melt, the correct number is 90% and I wouldn’t use anyone that pays you less), then take that number and multiply it by the karat content of the metal, then take that number and divide it by the weight, then make your offer based on that number. So the formula is (spot gold) x (% of melt) x (karat) / (weight) = scrap value per gram or dwt. Follow the example below:

Example – 5 gram 14k gold bracelet, Spot Price - 5.00/oz.
5 x 90% = 5.50/oz.
5.50 x .585 = 1.22
4.22 / 31 grams = .30 per gram
.50gr x 5 grams = .50 full scrap value

I would offer .75 and make a %50 gross profit

How much should I offer my customers for gold?

Many full fledge scrap shops/pawn shops offer no more than ½ scrap with an effort to buy most gold at 1/3 scrap. I personally offer ½ of the scrap value in an effort to be fair and competitive. If you have an established retail store then creating a buying department is a windfall and any profit you make is pure gravy anyway. So why not be as fair with your customers as possible and still make money. I create a sign daily with the current day’s offer per dwt on 10k, 14k, 18k, platinum. I display this in my buying area and everyone gets the same amount for their gold. This will legitimize the buying process and remove some of the stigma behind buying gold & diamonds. Some of your competitors play games with their customers and won’t make them an offer. They require the customer to tell them how much they want for their jewelry, in the end the jeweler ends up looking like a huckster. I prefer to maintain my image in the community as a resource for honest answers and services for jewelry needs. So I lay it all out on the table and let the customer decide what’s best for them.

I also recommend that you create a separate area in the store away from your paying customers. Mixing the two is not good and when a paying customer witnesses you purchase used jewelry, they can sometimes assume that most of your jewelry is used. So keep the two apart from each other. If a selling customer starts a conversation with you in front of a buying customer then kindly usher them over to the buying area. I can’t express enough the importance of using your separate buying area.

How much do I offer for Diamonds?

When the scrap gold has melee I calculate the approximate carat weight of the diamonds and pay the customer .75 per carat point. This of course assumes that the diamonds are of finer quality and can be resold. I don’t pay more than this because some of the diamonds will be damaged when they are removed and some of them will be lost. In addition, you can buy nice quality melee from .01ct to .08ct for around 0ct. If the diamonds are .25ct and larger then I use a slightly different formula for buying them. Sometimes you’ll come across jewelry that is more important looking or is re-saleable and then you’ll need to change your entire mindset. You’ll have to determine how much that you think the item can retail for and then make an offer for 1/4 to 1/3 of the projected retail amount. Don’t be shy about making the offer either. Too often I speak with jewelers that are afraid to offer a customer 1/4 of what it would retail for. Keep this in mind – You’re paying COD! You can buy beautiful new jewelry any day of the week from your suppliers and get generous terms. So you need incentive to buy their items in place of buying it from your suppliers and you’ll also have to advertise in order to see those customers. You don’t need to purchase advertising to buy from your suppliers either, so don’t pay more than 1/4 to 1/3 retail for those items.

Larger loose diamonds will take a different approach when making offers. I usually pay 75% to 30% back of rap for round, princess, and emerald cuts. I’m not so aggressive with all other shapes and sometimes I pass all together. Let me give you an example – let’s say you can purchase a 1.00ct G – SI2 pear for 00 from your customer. You could retail that stone for 00 and make 00. What a great opportunity - right?! Wrong! Compared to purchasing the diamond from your supplier for 00 and making 00 it looks attractive. But when is the next time that you’ll sell a pear shape, I have pear shape diamonds that I purchased 5 years ago that I still haven’t sold. It doesn’t matter how cheap you can buy them for if they can’t be sold. Don’t tie up your money, save the funds to buy more scrap gold, rounds, and princesses. You’re better off calling your supplier when you need off-market shapes. Don’t be tempted unless it’s a dirt cheap deal.

I don’t use the rap sheet for I1 or imperfect diamonds, keeping in mind that there are 5 different price categories for I1 diamonds. 1ct round diamonds that I1 clarity grades can sell for 00ct or 00ct and you have to determine the perceived value of the diamond. Once I’ve determine the perceived value of the diamond I can figure out the amount that I would be willing to pay. If I’ve determined that an I1 diamond will retail for 99 then I would pay 0 - 00. If you use the rap sheet to determine the purchase price of an I1 then you’ll pay too much. Always consider the perceived value for I1 diamonds.

I must preface the diamond buying side of things by saying that unlike gold, you shouldn’t make an offer. Let me tell you why – diamond prices are transparent and customers are ill-informed. Many customers have good idea of what their diamond is worth because it’s easy to shop prices now. Also, many of the people that you’ll be dealing with were involved in purchasing the diamond and they know what the diamond was purchased for. What’s more, they could have an inflated appraisal that was given to them by the original jeweler and in their minds they’re using this as a starting point for an asking price. There’s no reason to get involved in a guessing game if the customer is way out in left field on their asking price. I’ll give you a scenario that I’ve been involved in many times…A customer has a diamond to sell and asks me to make an offer. I decline and ask them “Well, how much do you want for it?” they respond to my question with “No, I want you to tell me!” I don’t want to miss an opportunity to purchase the diamond so I give in to my temptation and make an offer. Then the customer rips the diamond ring out of my hand and says “That’s ridiculous, my appraisal says it’s worth twice that!” What did you accomplish by making an offer? Nothing, all you did was make someone angry and now they think that you’re a scoundrel. Of course, that’s his/her opinion but why give anyone a chance to tarnish your reputation. Don’t make an offer on diamonds, 70% of the time you’ll come out looking bad. Find out if they are thinking reasonably by asking them what they want first and if they won’t give you a number then pass.

Know your buying laws & avoid problem buys

Before you go guns blazing, you should contact your local police department and determine if there is a holding law in your city or town. A holding law requires you to hold all jewelry purchases for a specified amount of time before selling or scraping it. If you do have a holding law in your town, make sure that you conform to their standards and apply for any necessary permits. Some towns require a criminal background check in order to be approved for a buying license. Even if you don’t have a buying law I recommend that you create a series of your own standards and require your staff to abide by them. When buying diamonds from customers I require that the person supply an appraisal or receipt with their name on it. I also require that everyone selling to me provide a copy of a drivers ID and sign a release form. The release form states that the items being sold are in fact their personal property and they have full right to sell it. In the event that the items are stolen, nobody can accuse you of unlawfully purchasing them. I have a file that I keep on my selling customers and I save the release forms, receipts, and drivers ID.

Finally, I subscribe to the theory that if a customer seems shady then the deal probably is bad. Don’t waste your time, simply pass. The last thing you want is the police interrogating you in front of your regular customers. I think you’ll find though that requiring ID and sometimes receipts will just about eliminate all non-legitimate store buys.

Remember the principles of buying

• Keep your buying business separate from your selling business
• Do make offers on scrap gold
• Don’t make offers on larger loose diamonds
• Abide by your holding laws and keep accurate records
• Enjoy the profit

Frequently Asked Questions

  1. QUESTION:
    What's a fair price to sell your 14k and 18k gold per gram to dealer?
    I have some 14k gold to sell. One dealer offered 16.00 per gram. Is this a fair price based on current value of gold, or am I being taken?

    • ANSWER:
      a gram for 14k is pretty damn good. I know in vegas right now alot of places are offering between and a gram for 14k. If you wanna know what the total worth per gram is you just have to do some basic math.

      Goto monex.com and look at live prices, as I write this now its at ,113 per ounce. Now to figure out the per gram price we have to take 1113 / 31.103 X the purity of gold(31.103 is a troy ounce, which is whats used in gold trading), which in this case is 14k so the purity is .585 which comes out to .93. Now may seem cheap when compared to but they must make some money also.

      If your dealing with a pawn shop then they will resell the gold to a company that melts it down. They get anywhere between 90% and 98% of the .93(or whatever the price is that day) from the melt down company.

      If you wanna do the math on your 18k pieces then the purity is .750 instead of the .585 of 14k.

  2. QUESTION:
    How much is gold per gram?
    Selling price of gold/gram here in the Philippines?

    • ANSWER:
      If you are in or near a big city, the easiest way is to find a gold dealer. They usually let you call for a free quote.

      If you want to watch the price more carefully, then you will need to be able to find it for yourself. To do this, you need to know the spot price of gold, which is available at

      http://quotes.ino.com/

      Many other sites give you a futures price but this one is the correct spot. Note that the price is in ounces, and we'll deal with that in a moment.

      Since gold is quoted in dollars on that site, you need to convert the spot price to Philippine pesos. This is available at

      http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=PHP&submit=Convert

      Multiply the spot price, which is about 780 as I am writing this, by the conversion rate, which is about 44. The price would then be 780 x 44 = 34,320 PP/ounce.

      To get the cost of a gram, divide by the conversion rate from grams to ounces, which is 28.3495.

      So right now you have 34,320/28.35 = 1210.6 PP/gram

      Best of success.

  3. QUESTION:
    What was the current price of gold per gram on september 7th 2010 in usa?
    Please i cant understand the live gold charts.. I sold my gold yesterday 14k at 17.21 a gram, but on one site it says gold per gram was around 40 and above... i did not sign any documentation other than a photograph of my gold and my signature, if i got jipped do i deal with it? or is there something i can do, i did check there site where they supposly have current gold prices, which is an image used by kitco or something like that, did they fraud me? i need to know the price as of yesterday the 7th and today, thanks
    what was it yesterday, and what was the price per gram for 14k?

    • ANSWER:
      $ 37.82 per gram right now

      USA

  4. QUESTION:
    What is the price per gram for gold today if I were to try to sell something?

    • ANSWER:
      Today's open market price. .42 per gram.
      You need to take in account that most gold is alloyed 10Kt is only 41.667% gold and 14Kt in 58.333%.

      Allso you will not get that rate. If you have Kt gold to sell you will only get 50% - 95% of the gold value. It depends on were you go. A pawnshop being the least and a secondary refiner being the most, and the better rate the more have to sell.

  5. QUESTION:
    I would like to know the current cost of 18k white gold per gram in US dollars?
    And what is the price diffrence between selling and buying 18k white gold per gram?

    • ANSWER:
      For 1 ounce of 24k gold people ask 6.80 (04/22/2009 06:18) as Em Kher said.
      So price of 18k gold = 75% from price of 24k gold
      18k gold cost ~ 75% * 6.80 = 5.1 per ounce

      1 gram = 0.0352739619 ounces

      Then price for 18k gold per gram cost 5.1 * 0.0352739619 = .46

      Answer: 18k white gold cost .46 per gram

      ---------------------------------
      http://buywhitegold.org

  6. QUESTION:
    How much per gram or ounce do gold buyers pay for old gold?
    I know the price of gold is over 00.00 per ounce right now, but I'm wondering what jewelers and pawn brokers pay for your unwanted old gold. Has anyone sold their old gold and know exactly what they were paid per ounce or gram?

    • ANSWER:
      The quoted price of gold (,100 plus per ounce) is for pure gold (24 carats). Most reputed jewellers will pay you the current market price for the pure gold portion of the jewellery. However, since most jewellery in North America is made from lower quality gold (often 18 carats or less), you will get less than ,100/ounce. As for pawn brokers, they may pay whatever they can get away with. I would advise you to talk to more than one jeweller before selling your jewellery.

  7. QUESTION:
    Can Anyone Tell Me The Best Place In Birmingham That Buys Gold Per Gram??
    I have just under a 2 oz gold chain and really need to sell it. Ive been offered scrap prices of 4.50 per gram to 5.50 per gram but ide have to travel. does anyone know the best jewellery shop in birmingham that gives a good price per gram.

    • ANSWER:
      Cookson Gold is based in Birmingham they are the biggest supplier of gold to the jewellery trade in the UK. I am pretty sure they buy scrap gold from the general public.
      Here is their website,
      http://www.cooksongold.com

      I hope this is useful to you.

  8. QUESTION:
    WHAT IS THE PRICE OF 14KT SCRAP GOLD PER GRAM?
    I HAVE SOME14KT GOLD THAT WEIGHT 41 GRAMS. I WANNA KNOW WHAT I SHOULD GET FOR THAT IF I WAS TO SELL IT. SOMEONE PLEASE HELP !!

    • ANSWER:
      At current spot price of 75 per ounce, its worth about .80 per gram. So 41 grams would be worth about ,000. Probably get a little less than that at gold dealers. Hope this helps, mule.

  9. QUESTION:
    what price could I expect for 9 caret gold ie broken chains etc per gram and where best to sell?

    • ANSWER:
      The 'buy gold by post' cowboys are being investigated for scamming customers (it seem you are lucky to get 50% of the actual value) so avoid those like the plague (especially the ones who advertise on TV).

      The 'best' deal is likley to be a jewelry shop in the high street == GET AT LEAST 2 QUOTES !

  10. QUESTION:
    How much is 10k and 14k gold worth per Gram in USA?
    I have a 10k and 14k gold chain that I'd like to sell. I want to know how much a gram of each k is worth so I'll have an idea of the asking price.
    Both are solid gold figaros. I'll have the exact weight later on today.

    • ANSWER:
      This chart gives you an idea of how much gold is actually in jewelry based on Karats

      http://www.goldintomoney.com/precious-metals/how-to-read-gold-karats-and-understand-gold-color

  11. QUESTION:
    what is the price of white gold per gram?
    i d like to sell at necklace

    • ANSWER:
      about 25 dollars

  12. QUESTION:
    How many ounces makes a gram for Gold?
    I have a watch that belonged to an old friend of mine. It say's Hong Kong on it. It is very soft which I learned real Gold is soft. It is heavy. The watch piece has been taken out. I sold some things at the jewelry store the other day. Which they paid .50 per gram. A friend said to call other jewelry stores to see what they are selling Gold for per gram? Any suggestions would be helpful. This is my first time selling Gold jewelry. So if you can give me the real prices and help I would appreciate it. Thank you in advance.

    • ANSWER:
      Gold is sold in Troy Ounces, and there are 31.1 grams in a Troy ounce (vice 28.35 grams in a standard ounce). Pure gold is presently 05 per troy ounce or .74 per gram. Jewelry is seldom pure (24 karat) gold. For example, 18 Karat gold is 18/24 or 75% pure gold and sells for proportionately less.

      Standard ounces and Troy ounces are not the same thing, and confusing the two is a common mistake.

  13. QUESTION:
    What is a good price to sell gold for?
    I have some old wedding bands that I wanted to sell. The local jewelers are offering 9 dollars a gram or 13.76 per penny ounce. Does anybody know if this is a good price?

    • ANSWER:
      definitely do your research on any company you decide to use. But I would highly recommend going with a company online. This way the middle man is cut out and you can expect higher payout. I would price your gold first with some local jewelers...first hand knowledge is key. Then read reviews about the site you are going with. Information is out there...good and bad! I always recommend Empire Gold Buyers. Solid reputation, loyal customers and great prices.

  14. QUESTION:
    how do i determine the current market price for buying/selling gold?
    is it per gram...........

    • ANSWER:
      You can get the quote from the below URL:
      http://www.kitco.com/market/

  15. QUESTION:
    Is the price for my Gold chain accurate? (Please,need help)?
    I have a 45 gram, 14K Gold Chain and Ive been doing some research on the current price for my chain.

    As I type this, the current cost for gold (In troy ounces) Is 1

    SO today's gold price per gram is 891/31.1( A troy ounce equals 31.1 grams) Equaling to 28.65 x * 0.5833 = .71 per gram

    16.71 x 45 (grams my chain weighs) And that would Equal to 1.95

    * 14KT = 14/24 = .5833

    I find this a hard to believe, but is this accurate? I need to know because I plan to sell my chain.

    • ANSWER:
      You won't get the full value of the gold. The person buying it is going to want to make some money off the deal and he can't do that if he pays you full value. You'll be lucky to get about 1/2 of what it's worth. You will also lose the art value of the chain. You're not buying just the gold when you buy jewelry, you're paying a lot for the art value of it.

  16. QUESTION:
    fair price for scrap gold?
    If I want to sell some gold jewelry for scrap, how much per gram of gold is a fair price? I know whoever I sell it to has to then sell it to a refiner, and everyone wants to make money along the way, so what should I expect? I know the karat weight of the items and how much they weigh, so I can calculate the exact amount of gold I have. It has a value of about 0 with gold at per gram. Thanks.

    • ANSWER:
      If the value of the gold is 0, I think a fair offer would be in the neighborhood of 0.

  17. QUESTION:
    Selling my Gold by Post?
    I want to sell my old gold. There are lots of companies advertising on the Internet but I dont trust them.
    I've heard that some of them pay you too little, that others dont pay what they say they will pay and even that some dont pay you at all

    I spoke to a jeweller who told me that some favourite tricks are

    1) Paying you a 9 carat price for 18 carat gold
    2) swopping real items for fake ones and then sending you back the fake item
    3) quoting you a price per gram and then dropping the price when they receive your item
    4) "Losing" the package with your gold in and then telling you to claim via the Post Office

    Question..Is it really safe to post your gold. How do you know if you are getting a fair price

    • ANSWER:
      you go to god gold shop and sold your gold .about forex trading information pls open this site .http://forextradinginallworld.blogspot.com/

  18. QUESTION:
    How much would I get for a 10k gold ring thats 10 grams?
    how much is that worth if i sell it to one of those "WE BUY GOLD" places? and how much is the price of gold per grams today?

    • ANSWER:
      Should be worth about . Here's a gold scrap value calculator:

      http://www.goldintomoney.com/calculator

  19. QUESTION:
    I have gold chains and bracelets to sell. What should I expect to get per gram?
    please let me know what a fair price i should recieve for my gold? Mind you i'm purchasing a med-large 14k rope chain from this seller as well. I would like to know if he's not being fair with the gold i'm giving him.
    16 hours ago - 3 days left to answer.
    Additional Details
    16 hours ago

    All are 14kt. 1 hollow bangle and one solid bangle. About 6 chains, can be sold as is. All like new. Cashing in to get son a nice rope for xmass.
    Report It

    • ANSWER:
      27.5 Dollar per gram is the price for your gold

  20. QUESTION:
    I heard gold Prices are up alot. I'm not sure if it's true or not. I have alot of gold Jewelry I will sell.
    I wat to know what is the price per gram now compared to before prices went up if they did.

    • ANSWER:
      It has gone up you can find the price in stocks and shares in bussiness paper or on line but what you get will not be the same as the weigth of your jewelry as it depends on the carat of the gold (parts gold out of 24 eg. 14 carat is 14 out of 24 gold +10 parts that are not gold ) you can tell this by the hall mark and also they will have to refine it and this costs money only a few places will do this

  21. QUESTION:
    What are the current prices for gold in the uk at the moment ?
    AS above :

    What can you expect to pay per gram/ounce of the stuff, and also sell your scrap gold at.

    Thanks.

    • ANSWER:
      Pounds for ounces !!!

      ;-0

  22. QUESTION:
    Best Way to sell 14k Gold rings?
    I have just came upon some 14k gold rings which are fairly new, almost like a collection of rings. When i researched the price for gold on some websites i got that i could sell it for around £13 per gram. I have around 100 grams, which is still good money but recently i read a daily mail article about the sites which i was looking at saying that they were HUGE rip offs and were selling for around triple that price. I have also checked some jewellers but they are offering poor amounts of money. Does anyone know the best way to sell these rings successfully?
    Thank You

    • ANSWER:
      Do they have hallmarks as shown on the page listed below? If not, it is illegal to sell them as gold in this country.

      http://www.britishhallmarkingcouncil.gov.uk/publications/hallmarks2.pdf

      Please remember that gold is not weighed in the normal way - one 'Troy Ounce' weighs approx 31 grammes, a normal ounce weighs 28g.

  23. QUESTION:
    gold rate help plzzzzzz?
    someone is selling me a gold chain at scarp price (yes chain is real gold) but i do not know what is the price per gram can someone plzzz help me as this chain weights 27 grams Thank you very much

    • ANSWER:
      You really did not provide enough information for anyone to provide you with a value.

      Look at the source below and you can calculate it yourself.

  24. QUESTION:
    Where could I sell gold jewlery 18k in atlanta?
    hello, i have some 18k jewelery that i would like to sell but i dont know what is the price per gram and i dont know where in atlanta i could sell it. Any advice would be appreciated! thanks

    • ANSWER:
      Take it to your local jewellers, if they don't want it themselves they will be able to point you in the right direction.

  25. QUESTION:
    I have 4 rare uncirculated Double Eagle Saint-Gaudens gold coins that I want to sell. Need to find buyers.?
    (MS 63) PC GS certified- Dates: 1908 no/motto- 1926 w/motto - 1927 w/motto - 1928 w/motto, content:0.9675 oz.pure gold-size:34mm.- weight: 33.436 grams. Gold Coins/ Pays back 2 ways Gold Price per oz end of day.plus the rarity price of the gold coin at the end of the day

    • ANSWER:
      Try the Silver and Gold Exchange in NH. I used them and was very satisfied. Although I didn't sell coins, I sold a huge lot of gold and was so happy with that I sent in a second batch of silver. They were great! I highly recommend them. I tell all my friends, a few of which I know used them as well and they too were really happy with the results. Very legitimate, honest company (unless most out there today) and I loved how fast I got paid! http;//silverandgoldexchange.com

  26. QUESTION:
    Why not the Govt takes up the business of Gold and Jewelery. Our sisters are being cheated in India?
    I feel govt should take up gold and Jewelery business. as our sisters in India are being cheated. i quote one example. pearl costs rs. 8/ per 10 gram and it is being sold by jeweler @ rs.80/ 10 gm. and our sisters are paying. why to pay rs. 80 for a thing of rs. 8/- .Rate of gold changes daily. as such there in no max retail price. the purity of gold is being cheated. 18 KT gold is being sold as 22 KT. this business is flouring like any thing you will find shops like pan shop every where every lane and road. please think is very serious question

    • ANSWER:
      Move the gold and your entire bloodline to Pakistan. I wouldn't want you to think India is cheating your sisters and please think this is a very serious answer.

  27. QUESTION:
    How much money do I get for 9 grams of scrap gold?
    Hi, ...well I have this 9 grams of gold (broken, old and ugly pieces mostly lol) and well I saw the "cashman" kinda cheesy commercials on TV ...and read about him on the newspaper and I was wondering....how much does the cashman or any dealer pays you for gram, cause I don't thing they pay you the full price of a gram...there has to be some kind of trick, because I remember back in my home country dealers like this used to pay you like 1/4 of the price per gram or something like that ...oh well I don't expect to get rich I just want to sell all this old pieces and get enough money to get a nice one or save the money...I just thought it would be a good idea to visit this cashman guy and see how much I can get from all this scrap jewels...and well even though almost all of the pieces are marked 10K and 14K there is one that only some letters and the gold is kinda yellow ..it is a ring very old but still looks nice is there a way to find out if it is made of real gold or is it gold plated
    ...and has anyone ever gone to see the cashman or any other gold buyer? Is it really a good idea to go to see him? Thank You.

    • ANSWER:
      If it's full-fledged gold, you could expect to get around 0 as current gold prices are around 0 per ounce, that number could be quite less if the gold is diluted among other metals.

  28. QUESTION:
    my father has about 114grams of gold, each jewerly are 18k, who do we sell it to?
    i know cash for gold, pawn shops and related stores that will accept gold and give cash in returned but their policy will give a percentage very low so they can sell them higher (one gram is worth around , cash for gold/pawn shops will give me -22 per gram). now where do they sell their golds to? i have ask them but wont give me any answer. im in the state of virginia and i heard of places but not names exactly. so where can i sale large amount of gold to and get a good price for business etc. thanks

    • ANSWER:
      Do the pawn shops right.
      You tell them you are getting estimates from at least 3 stores.
      Aks them to give you written estimates valid for 72 hours.
      Then go back and play them all against each other.
      If they think you are only visiting one pawn shop - they'll see you as easy prey...

  29. QUESTION:
    Get real answers from millions of real people.?
    What is the going price per gram of 14K gold jewelery and where can I sell it in NYC for the best price.

    • ANSWER:
      Gold closed today at 7.20 per ounce, therefore
      24 Karat (100% pure) gold is 7.20 / 31.1 grams per ounce or .34 per gram
      14 karat gold is 14/24 pure or 58.33% pure gold. So...
      .34 x .5833 = .20 per gram of 14K gold.
      A jeweler or coin shop will pay 80% - 90% of that.

      I don't know any dealers in the NYC area that I could recommend.

  30. QUESTION:
    I've been working at a Pawn Broker / Check Casher for about a year now...?
    I work on salary, plus commission. The cheaper I can buy something, the greater my commission. The more I can sell something for, the greater my commission. It is a sliding scale where more I take advantage of someone, the more I make. For example, yesterday the price for scrap gold was .33 per gram, as we generally pay 1/3 the price of closing price the previous day. If we have a dramatic price change up or down, we something adjust in the middle of the day.
    If I can buy 10 grams of gold for .30, I get 5% of that, or .66. If I can get away paying less, say for 10 grams, I get 5% plus 50% of the difference, .66 plus .65.
    Lately I've really be doing well, but my conscious is getting the better of me. There's no way I'm going to give up a 0+ week job, as this is a good 0 a week more than I earned as a delivery truck driver. However, I need to balance what I do. I gave 0 worth of food to the local pet shelter today. That felt good, but an hour later, I feel guilty
    again. At work they say "it's just business, and business is good". Every other business is there for the same reason, to make money. Some are a little distasteful like my job, but am I really any different than anyone else? We all make money.
    Any suggestions on how I can balance what I do with how it makes me feel more and more often? I don't want to give up the good living I earn, as just like anyone else, I don't deserve to live in poverty, so why should I?

    • ANSWER:
      If you are feeling guilty, that should be telling you something. You don't need to ask anyone else's opinion, you have already answered your own question. What you are doing is not right. Can you live with the guilt?

  31. QUESTION:
    Bankrupt America how you feel?
    => you have just lost your high paying job together with thousands more

    => Your house price has just crashed 30%

    => you have been putting all your savings in to your house but with the reduction of 30% basically you have lost all your savings.

    => You are unable to refinance cos you do not have equity on your house or any real other savings.

    => Your retirement savings via your sharetrading puraches pensions find has just crashed 50%

    => Now you going to be on the street cos the bank wants to repossess your house.

    => all your doller savings worth half as much as before the US doller crash

    How do think the average American is going to Feel when this happens to him , through no fault of his own....

    Crazy to think ha...but this looks very much like realty.

    I think a riot/civil unrest /protest is on its way....

    This what happend in Iceland before the country went bankrupt... total anacky

    This is what may happen to United Kingdom ,and United States cos they are heavy in Debt with there economy in free fall.

    American Economy will not recover any time soon, its in a death spiral
    Sub Prime crisis caused the current economic crisis , now the prime borrowers are also loosing there jobs so the second stage of the economic crash is coming this time caused by the Prime borrowers not able to refinance or even get a JOB, this will require an rescue of the Banks( In trillions of Dollars) the second time(America can not afford this), This a staged collapse of the American economy happening in stages but will accelerate until the America officially declares Bankrupt and then has to devalue the currency and get a rescue loan from the IMF to restart there economy. They will have to increase the Interest rate to say 15% and have a sustained period of depression before there economy will recover may be after 15-20 Years.

    America will go from a Developed nation to a developing nation after this crisis plays it self out, just like every other country they will have to bring in there spending and start to save before they can spend like before. This is what is in for America in the near short term.

    Hopefully communities will get together help each other to weather this crisis rather than go in to a total Anarchy riot and Mugging killing , remember New Orleans , i hope this does not happen in America.

    one way to fix this problem...

    http://en.wikipedia.org/wiki/Official_gold_re ...

    currently have 8,133.5 tonnes in reserve =

    they could sell all the gold reserve (highest in the world last time i checked doller was backed by gold in the 70's ) they have in the reserve (at the current inflated prices) and pay off all there debt i think they should do that.

    (http://en.wikipedia.org/wiki/Official_gold_re ...)
    i trillion = 1,000,000,000,000 dollers
    USA gold reserve at current price = 8,133tones * 1000000g(per tonnee)* (per gram)=6522 000000

    • ANSWER:
      If they sell that much gold, then the price of gold will go way down. Even before they actually sell it, just the news that they are going to sell it will make the price drop. As a result, they will have to sell at a much lower price. They will not be able to get nearly as much money for the gold as you indicate.

  32. QUESTION:
    What is a good price to sell gold for?
    I have some old wedding bands that I wanted to sell. The local jewelers are offering 9 dollars a gram or 13.76 per penny ounce. Does anybody know if this is a good price?

    • ANSWER:
      The market price for gold is approximately 84 per troy ounce.
      http://www.thebulliondesk.com/
      A troy ounce is 31.1035 grams.
      http://en.wikipedia.org/wiki/Troy_ounce

      1084/31 =

      Maybe you should check somewhere else.

  33. QUESTION:
    How much money do I get for 9 grams of scrap gold?
    Hi, ...well I have this 9 grams of gold (broken, old and ugly pieces mostly lol) and well I saw the "cashman" kinda cheesy commercials on TV ...and read about him on the newspaper and I was wondering....how much does the cashman or any dealer pays you for gram, cause I don't thing they pay you the full price of a gram...there has to be some kind of trick, because I remember back in my home country dealers like this used to pay you like 1/4 of the price per gram or something like that ...oh well I don't expect to get rich I just want to sell all this old pieces and get enough money to get a nice one or save the money...I just thought it would be a good idea to visit this cashman guy and see how much I can get from all this scrap jewels...and well even though almost all of the pieces are marked 10K and 14K there is one that only some letters and the gold is kinda yellow ..it is a ring very old but still looks nice is there a way to find out if it is made of real gold or is it gold plated
    ...and has anyone ever gone to see the cashman or any other gold buyer? Is it really a good idea to go to see him? Thank You.

    • ANSWER:
      900 an oz is the price of bullion, not the price of scrap.

      The best rate I have found for selling scrap gold is at http://www.hatongardenmetals.com.

      This company is based in the centre of the jewellery tade in the UK's Hatton Garden. Not sure if they buy from the US though.

      They have a gold calculator on their website and if you gold is 14ct then at the current price it would be worth £70.52. This price would change twice a day as the gold price is fixed.

      The best way to find out if it is real gold or plated is to have it acid tested. If you can't do this yourself the best way is to take it to a local jewellery store who will test if for you.

  34. QUESTION:
    How much money do I get for 9 grams of scrap gold?
    Hi, ...well I have this 9 grams of gold (broken, old and ugly pieces mostly lol) and well I saw the "cashman" kinda cheesy commercials on TV ...and read about him on the newspaper and I was wondering....how much does the cashman or any dealer pays you for gram, cause I don't thing they pay you the full price of a gram...there has to be some kind of trick, because I remember back in my home country dealers like this used to pay you like 1/4 of the price per gram or something like that ...oh well I don't expect to get rich I just want to sell all this old pieces and get enough money to get a nice one or save the money...I just thought it would be a good idea to visit this cashman guy and see how much I can get from all this scrap jewels...and well even though almost all of the pieces are marked 10K and 14K there is one that only some letters and the gold is kinda yellow ..it is a ring very old but still looks nice is there a way to find out if it is made of real gold or is it gold plated
    ...and has anyone ever gone to see the cashman or any other gold buyer? Is it really a good idea to go to see him? Thank You.

    • ANSWER:
      Hi. The price varies as you said if it is 10K or 14K. The spot market dictates the price at the moment of execution of the deal. You can test any gold item by making a file cut on the item(less obviously seen spot) and placing a drop of sulfuric acid..you can buy a kit1 If the metal stay the same color...it is gold. If it foams and turns green or off color plated green means copper..white ..base metal. You can also use a rub stone to tell you the Karat of the gold..but that takes practice. you can also shop it around at a jewelers shop or coin shop...but be sure you take pictures 1st and count and weigh the product...and let them know that you have done so..or else you might end up missing some of your product. You have a little over 1/4 ounce of gold or combo...you would average out what you have to come up with your base money. Just guessing sounds like you have between .00 to 5.00 in value. you can also bring it to an auction house...like mine and we would either buy it..consign it or give you a free appraisal. tagger


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