{"id":30942,"date":"2020-07-31T10:58:56","date_gmt":"2020-07-31T14:58:56","guid":{"rendered":"https:\/\/www.jewelry-secrets.com\/Blog\/?p=30942"},"modified":"2020-07-31T13:53:38","modified_gmt":"2020-07-31T17:53:38","slug":"figure-out-what-your-jewelry-will-sell-for","status":"publish","type":"post","link":"https:\/\/www.jewelry-secrets.com\/Blog\/figure-out-what-your-jewelry-will-sell-for\/","title":{"rendered":"FIGURE OUT WHAT YOUR JEWELRY WILL SELL FOR"},"content":{"rendered":"<div class=\"blog-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/How-To-Figure-Out-What-Your-Jewelry-Is-Worth-Selling.gif\" alt=\"How To Figure Out What Your Jewelry Is Worth Selling\" title=\"How To Figure Out What Your Jewelry Is Worth Selling\" width=\"200\" height=\"200\" class=\"alignright size-full wp-image-30947\" \/><\/div>\n<p>Want to <strong>sell your gold<\/strong> and jewelry?<\/p>\n<p>\n<strong>Want to know how much you&#8217;d get?<\/strong><\/p>\n<p>\nYou can pretty much calculate how much it would sell for, by figuring out <strong>exactly what you have<\/strong>, and <strong>how much<\/strong> you have.<\/p>\n<p><h2>What you&#8217;ll need is this:<\/h2>\n<p>\n<strong><\/p>\n<ul>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/amzn.to\/317A4rM\">Digital Scale<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/amzn.to\/3hR1Pvu\">Jeweler&#8217;s Loupe<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/amzn.to\/3fesVes\">Acid Testing Kit<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.kitco.com\/jewelry\/\">Gold Calculator<\/a><\/li>\n<\/ul>\n<p><\/strong><\/p>\n<p>\nUse the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/amzn.to\/3hR1Pvu\">jeweler&#8217;s loupe<\/a> and <strong>look at the stamps<\/strong> inside the shanks and clasps and tabs. Divide them all up into <strong>separate piles<\/strong>; i.e. 18k, 14k, 10k, Silver, Platinum, Other (<strong>Titanium, Steel, Tungsten<\/strong>). Don&#8217;t include wrist watches, unless they&#8217;re <strong>solid gold<\/strong>, no one wants them. And the OTHER pile, <strong>discard<\/strong>; you can&#8217;t sell those items.<\/p>\n<p>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Loupe-Your-Jewelry-For-The-Karat-Stamp.jpg\" alt=\"Loupe Your Jewelry For The Karat Stamp\" title=\"Loupe Your Jewelry For The Karat Stamp\" width=\"589\" height=\"369\" class=\"alignnone size-full wp-image-30948\" srcset=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Loupe-Your-Jewelry-For-The-Karat-Stamp.jpg 589w, https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Loupe-Your-Jewelry-For-The-Karat-Stamp-100x63.jpg 100w, https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Loupe-Your-Jewelry-For-The-Karat-Stamp-300x188.jpg 300w\" sizes=\"(max-width: 589px) 100vw, 589px\" \/><\/p>\n<p>\nIf you don&#8217;t know what the stamp is (<a target=\"_blank\" href=\"https:\/\/www.jewelry-secrets.com\/Blog\/marks-stamped-inside-rings\/\">see my gold stamp post here<\/a>), or if it doesn&#8217;t have one, you&#8217;ll have to use the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/amzn.to\/3fesVes\">acid tester<\/a> to determine if it&#8217;s <strong>gold, plated, filled, fake<\/strong>&#8230;<\/p>\n<p>\nLook for signs of the gold <strong>rubbing off<\/strong>, fading, <strong>chipping<\/strong>, tarnishing&#8230; Like the items below:<\/p>\n<p>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Examples-Of-Fake-Gold.jpg\" alt=\"Examples Of Fake Gold\" title=\"Examples Of Fake Gold\" width=\"589\" height=\"600\" class=\"alignnone size-full wp-image-30944\" srcset=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Examples-Of-Fake-Gold.jpg 589w, https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Examples-Of-Fake-Gold-98x100.jpg 98w, https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Examples-Of-Fake-Gold-295x300.jpg 295w, https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Examples-Of-Fake-Gold-53x53.jpg 53w\" sizes=\"(max-width: 589px) 100vw, 589px\" \/><\/p>\n<p>\nOnce you have separated your goods, <strong>it&#8217;s time to weigh them<\/strong>.<\/p>\n<p>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Separate-Your-Jewelry-Into-Metal-Types.jpg\" alt=\"Separate Your Jewelry Into Metal Types\" title=\"Separate Your Jewelry Into Metal Types\" width=\"640\" height=\"467\" class=\"alignnone size-full wp-image-30950\" srcset=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Separate-Your-Jewelry-Into-Metal-Types.jpg 640w, https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Separate-Your-Jewelry-Into-Metal-Types-100x73.jpg 100w, https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Separate-Your-Jewelry-Into-Metal-Types-300x219.jpg 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>\nPut the digital scale on <strong>DWT <\/strong>(pennyweight)&#8230;<\/p>\n<p>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Digital-Scale-Pennyweight-Gold-DWT.jpg\" alt=\"Digital Scale Pennyweight Gold DWT\" title=\"Digital Scale Pennyweight Gold DWT\" width=\"640\" height=\"397\" class=\"alignnone size-full wp-image-30943\" srcset=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Digital-Scale-Pennyweight-Gold-DWT.jpg 640w, https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Digital-Scale-Pennyweight-Gold-DWT-100x62.jpg 100w, https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Digital-Scale-Pennyweight-Gold-DWT-300x186.jpg 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>\nThis is what jewelers use to determine your <strong>scrap metal value<\/strong>. I say scrap, because that&#8217;s what you&#8217;ll get. Your gold is used, worn, and <strong>full of impurities<\/strong> (which makes it weak and brittle). It will have to be sent to a refinery to clean and purify before it can be used again (which takes <strong>a big chunk<\/strong> out of the value).<\/p>\n<p>\nWeight each pile, and <strong>write the weights down<\/strong>.<\/p>\n<p>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Weight-Your-Jewelry-On-A-Digital-Scale.jpg\" alt=\"Weight Your Jewelry On A Digital Scale\" title=\"Weight Your Jewelry On A Digital Scale\" width=\"640\" height=\"357\" class=\"alignnone size-full wp-image-30951\" srcset=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Weight-Your-Jewelry-On-A-Digital-Scale.jpg 640w, https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Weight-Your-Jewelry-On-A-Digital-Scale-100x56.jpg 100w, https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Weight-Your-Jewelry-On-A-Digital-Scale-300x167.jpg 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>\nOnce you have all of that, head on over to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.kitco.com\/jewelry\/\">Kitco<\/a> (not affiliated). Kitco is one of the leading authorities on the live gold market in the world. That&#8217;s where you&#8217;ll find <strong>updated gold prices<\/strong>, and what your jewelry is worth.<\/p>\n<p>\nChange the <strong>OUNCES <\/strong>to <strong>DWT <\/strong>at the top of their website, then input your weights to reflect the value next to it.<\/p>\n<p><h2>As shown in my example below:<\/h2>\n<p>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Gold-Calculator-On-Selling-Your-Jewelry.jpg\" alt=\"Gold Calculator On Selling Your Jewelry\" title=\"Gold Calculator On Selling Your Jewelry\" width=\"640\" height=\"1500\" class=\"alignnone size-full wp-image-30946\" srcset=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Gold-Calculator-On-Selling-Your-Jewelry.jpg 640w, https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Gold-Calculator-On-Selling-Your-Jewelry-43x100.jpg 43w, https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Gold-Calculator-On-Selling-Your-Jewelry-128x300.jpg 128w, https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Gold-Calculator-On-Selling-Your-Jewelry-437x1024.jpg 437w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n<p><h2>Don&#8217;t get excited yet&#8230;<\/h2>\n<p>\nThat value you see ($4,209.90) <strong>IS NOT WHAT YOU&#8217;D GET!<\/strong> That&#8217;s the gold market value for purified gold, given to jewelers that have a <strong>gold selling account<\/strong> (meaning, they own a jewelry store and have an membership to sell).<\/p>\n<p><h2>But there&#8217;s more&#8230;<\/h2>\n<p>\nYou have to remember, that the goods you&#8217;re selling is <strong>NOT SOLID GOLD<\/strong>. Pure gold is 24k; 100%. The items most people have are either 10k, or 14k. Meaning those are only <strong>partially gold<\/strong>, mixed with alloys to make the gold stronger and more durable. To clean gold, it will have to be melted down, separated from the alloys, then purified.<\/p>\n<p><h2>Look at the 14k gold below:<\/h2>\n<p>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Only-58-Percent-Of-14k-Is-Gold.jpg\" alt=\"Only 58 Percent Of 14k Is Gold\" title=\"Only 58 Percent Of 14k Is Gold\" width=\"589\" height=\"369\" class=\"alignnone size-full wp-image-30949\" srcset=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Only-58-Percent-Of-14k-Is-Gold.jpg 589w, https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Only-58-Percent-Of-14k-Is-Gold-100x63.jpg 100w, https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Only-58-Percent-Of-14k-Is-Gold-300x188.jpg 300w\" sizes=\"(max-width: 589px) 100vw, 589px\" \/><\/p>\n<p>\nOnly about 58% of your goods is gold. <strong>Used gold<\/strong>. The rest (the <strong>alloys<\/strong>) are not worth anything. So all of a sudden your huge value <strong>starts to drop<\/strong>.<\/p>\n<p>\nNow you can divide out your dollar amount into <strong>58%<\/strong>, deduct the jeweler&#8217;s overhead, shipping fees, refinery costs, purifying&#8230; And you start to see <strong>the real picture<\/strong> of what your items are worth.<\/p>\n<p>\nA simpler way, is to just use <strong>Kitco&#8217;s gold calculator<\/strong> and input<strong> 74%<\/strong> into the <strong>PRICE ADJUSTMENTS<\/strong> widget. That gets you <strong>real darn close<\/strong> to what you can sell your jewelry for:<\/p>\n<p>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Figure-Out-What-A-Jeweler-Will-Pay-For-Your-Gold.jpg\" alt=\"Figure Out What A Jeweler Will Pay For Your Gold\" title=\"Figure Out What A Jeweler Will Pay For Your Gold\" width=\"589\" height=\"498\" class=\"alignnone size-full wp-image-30945\" srcset=\"https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Figure-Out-What-A-Jeweler-Will-Pay-For-Your-Gold.jpg 589w, https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Figure-Out-What-A-Jeweler-Will-Pay-For-Your-Gold-100x85.jpg 100w, https:\/\/www.jewelry-secrets.com\/Blog\/wp-content\/uploads\/2020\/07\/Figure-Out-What-A-Jeweler-Will-Pay-For-Your-Gold-300x254.jpg 300w\" sizes=\"(max-width: 589px) 100vw, 589px\" \/><\/p>\n<p>\nSo you see, my <strong>14k gold<\/strong>, which originally was valued at <strong>$2,612.65<\/strong>, drops down to <strong>$688.53<\/strong>. <strong>Big difference, eh?<\/strong><\/p>\n<p>\nAnd selling all 3 of my piles (<strong>14k gold, silver, platinum<\/strong>), would bring me about <strong>$1,113.83<\/strong>. That&#8217;s what I would get, going into a jewelry store, and selling my items&#8230; <strong>ALMOST!<\/strong><\/p>\n<p>\nSome jeweler&#8217;s don&#8217;t need the gold, or silver, and some don&#8217;t have the cash on hand. Meaning, <strong>they may offer way less<\/strong> depending on their demand.<\/p>\n<p><h2>More things to keep in mind:<\/h2>\n<ul>\n<li>These prices are for the <strong>METAL <\/strong>only. Jewelers don&#8217;t pay anything for <strong>gemstones <\/strong>or <strong>small diamonds<\/strong>.<\/li>\n<\/ul>\n<p>\nJeweler&#8217;s will pay more for <strong>bigger diamonds<\/strong>, or wedding sets. They may be able to salvage the stones, or even <strong>resell them as estate<\/strong>, or <strong>pre-owned pieces<\/strong>. That&#8217;s something you&#8217;d have to see a jeweler for. Generally, the value you&#8217;d get is about <strong>20%<\/strong> of the retail value of the item (depending on the <strong>condition<\/strong>, and if the stones are <strong>decent quality<\/strong> and <strong>not damaged<\/strong>). So a <strong>$3,500 engagement ring<\/strong> might get you around <strong>$700<\/strong>.<\/p>\n<p><h2>That&#8217;s the gist of it&#8230;<\/h2>\n<p>\nNow you can figure out what <strong>a jeweler would pay you<\/strong> too.<\/p>\n<p>\n<strong><\/p>\n<ul>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/amzn.to\/317A4rM\">Digital Scale<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/amzn.to\/3hR1Pvu\">Jeweler&#8217;s Loupe<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/amzn.to\/3fesVes\">Acid Testing Kit<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.kitco.com\/jewelry\/\">Gold Calculator<\/a><\/li>\n<\/ul>\n<p><\/strong><\/p>\n<p>\n<strong>Cheers! :)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>Want to sell your gold and jewelry? Want to know how much you&#8217;d get? You can pretty much calculate how much it would sell for, by figuring out exactly what you have, and how much <a class=\"mh-excerpt-more\" href=\"https:\/\/www.jewelry-secrets.com\/Blog\/figure-out-what-your-jewelry-will-sell-for\/\" title=\"FIGURE OUT WHAT YOUR JEWELRY WILL SELL FOR\">[Read More&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":30947,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,4,13],"tags":[],"class_list":["post-30942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-guides","category-jewelry","category-metals"],"_links":{"self":[{"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/posts\/30942"}],"collection":[{"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/comments?post=30942"}],"version-history":[{"count":0,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/posts\/30942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/media\/30947"}],"wp:attachment":[{"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/media?parent=30942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/categories?post=30942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/tags?post=30942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}