The first step in determining what your jewelry is worth is to separate your jewelry into categories based on metal. Each piece of jewelry should be stamped on the inside, identifying the type of metal. Below are the main categories you can separate your jewelry into:
10K Gold, 14K Gold, 18K Gold, Platinum, Sterling Silver
To learn about specific markings on your jewelry visit: Jewelry We Buy.
Next, weigh the items to determine a total weight for each category in grams. If you cannot easily calculate the weight in grams, determine the weight in whatever measurement is easiest for you and use Google or a tool found on the internet to transfer the measurement to grams.
Next, determine the payout rate of the business you are considering selling your jewelry to. Some websites publish their rates; if you’re going locally you can call to find out. Make sure to get the payout rate in grams. Then multiply the weight of your jewelry (in grams) by the payout rate (in grams). This dollar value will be your payout.
Do this for each category of jewelry you have. By doing these simple calculations you can easily determine the melt down value of your jewelry, and which business will provide you with the most money.
Tags: jewelry worth, Karats, selling jewelry
Make sure that whatever payout rate you’re quoted covers the amount of gold you have. Some companies hide, in very fine print, that a payout rate is for a minimum 2 grams/ounces/troy ounces/whatever and that they use a lower, undisclosed payout rate if you have less gold. That’s why I love using gold-cash.com — they’re upfront and honest about what they’ll pay you!