| The unit of measure used to value precious | | | | not give you a straight answer. |
| metals is a "troy ounce". Every troy ounce of | | | | In today's marketplace it is easy to find buyers of |
| pure gold, platinum or silver can be "diluted" or | | | | precious metal on the Internet or in your local |
| "alloyed" with other metals to make jewelry. In | | | | area. If selecting your buyer involves mailing your |
| the United States, gold jewelry is usually alloyed in | | | | jewelry, be certain you are comfortable with the |
| 10 karat (kt), 14 kt, or 18kt. The higher the karat | | | | company's policy for shipping and insurance before |
| the higher the level of pure gold your jewelry will | | | | sending your valuables. |
| yield. The percentage of pure gold in 10kt is 41%, | | | | IMPORTANT: Be careful when doing business with |
| 14kt is 58.3% and 18kt is 75%. So, when the | | | | a company that suggests you send your |
| price of pure gold is $800 per ounce, 10kt is | | | | valuables in a "kit' or an envelope and drop in a |
| valued at $333/oz, 14kt is valued at $466/0z and | | | | mailbox!!! You are taking an unnecessary risk of |
| 18kt is valued at $600/oz. The actual price you | | | | loss or theft. Regardless of how little you may be |
| can expect to receive will depend on the quantity | | | | selling, I urge you to select the company which |
| you are selling. However, if someone offers you | | | | offers FREE insured FedEx, UPS or DHL service. |
| less than 50% of the above prices you should | | | | This type of service offers you the best |
| find another buyer! | | | | protection as well as providing you a third-party |
| The weight of precious metal jewelry is | | | | tracking number which enables you to know when |
| measured in one of two ways: either in | | | | the buyer has received your package. |
| pennyweight (DWT) or in grams (GR). Don't let | | | | I want you to receive the most money from the |
| this confuse you. An ounce of gold weighs either | | | | sale of your unwanted gold jewelry. You should |
| 20 pennyweight or 31.1grams. | | | | expect your transaction to be handled in a safe |
| When selling your gold jewelry, you should expect | | | | and above board manner. how to sell gold |
| to be told the pennyweight or the gram weight of | | | | jewelryUnfortunately, anytime there appears to |
| the piece(s) you are selling and a price in dollars | | | | be an easy way to make a fast buck, dishonest |
| per pennyweight or gram the buyer is paying. | | | | people get in the game. Sadly, that holds true for |
| Example: 10.0 DWT bracelet multiplied by $15.00 | | | | buyers of precious metals too. |
| DWT is priced at $150 and the same bracelet | | | | The information I've provided should help you |
| weighed on a gram scale will weigh 15.0gr | | | | select the best company to do business with, the |
| multiplied by $10.00/GR and still priced at $150. | | | | company paying the highest prices, with the most |
| Every company buying gold should be willing to | | | | secure shipping methods and the fastest payment |
| quote you their daily price offering for the various | | | | for your Gold, Platinum and Silver. Choose to |
| karats and the price difference for larger | | | | exceed your expectations. |
| quantities. You should be wary of those who will | | | | |