I just found my wedding ring and decided to sell it off since I've been divorced for 15 years now. Where can I get it appraised and sold in Atlantic county? I'm willing to travel as far as Toms River and south, if I need to go that far for an honest appraiser.

 

Thanks

Unless there is something unique about the design you will only get scrap gold price.

Unless there is something unique about the design you will only get scrap gold price.

This. Usually you'll be lucky to get 90% of gold price. If you go to the diamond district in the city, you can 95% of spot.

 

Sent from my Z812 using Tapatalk

what is scrap gold going for?

what is scrap gold going for?

 

What karat rating is the gold?  How heavy?

http://www.midstatesrecycling.com/karat_kalc

What karat rating is the gold?  How heavy?

http://www.midstatesrecycling.com/karat_kalc

 

well crap, that sucks!!!

 

But its better than nothing and will fill my tank a few times, so I will be selling it to someone. So who can I trust in the atlantic county area??

well crap, that sucks!!!

 

But its better than nothing and will fill my tank a few times, so I will be selling it to someone. So who can I trust in the atlantic county area??

What karat and how many grams or pennyweight is the ring?

14 karat and about 6 grams

14 karat and about 6 grams

Assuming it has no stones and is exactly 6 grams, it's worth just shy of $150 at this moment. You can expect to receive $100 on the low end, and $120 on the high end unless you take it direct to the refinery which is not worth it with the little amount that you have. I don't know of any jewelry stores or cash for gold stores that will pay more than 80% of spot price, which would be $120.

How do you get 90 or 95% spot price of gold on something less than 60% gold?

How do you get 90 or 95% spot price of gold on something less than 60% gold?

 

1 ozt of 24 gold is $1332.10 at the moment.

14k gold is 58.3% pure

$1332.10 X .583=$776.6143

$776.6143 / 31.1=$24.97152 (There are 31.1 grams in a troy ounce)

$24.97152 X 6 grams=$149.82912

$149.82912 X 95%=$142.33766

$149.82912 X 90%=$134.8462

I was wrong (old eyes, ugh), its 18k, how does that change the value?

I was wrong (old eyes, ugh), its 18k, how does that change the value?

$192.644 is spot value right now. You can expect to receive around $150 for it, give or take a few bucks.

I see, so your calculating it out based on spot and actual content.

I see, so your calculating it out based on spot and actual content.

Correct.