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Letter 29064
How much per gram for 14 K gold jewelery
(2004)
Looking to trade some gold necklaces, bracelets, etc. I was told
salvage value of 14k gold is a high of $9.00 per gram. True? We have
a goldsmith in our town who does nice work. However, I have no idea
what the value of my stuff is. I am willing to trust but would like a
second opinion if possible.
Evelyn Jarland
private person- Oakdale, CA, USA
(2004)
I have no experience in that field, but I can offer a
'reasonableness check'. Today's gold price is about $390 per troy
ounce, and a troy ounce is 31.1 grams. So a gram of 24K gold is worth
$12.54. But 14K gold is only 14/24 pure, so a gram of it should be
worth $7.32 if there was no deduction for the impurity or labor or
handling, etc. As an amateur then, I'd be very happy to get $7.32 per
gram for 14k gold.
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Ted Mooney, P.E.
finishing.com
Brick, New Jersey
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