Looking to sell out or pawn your valuables including Gold, Silver and Diamonds for the best value possible and without any hassle? It obviously may appear that there is not any hard and fast rule to go around with this but there are more than a few easy steps that can ensure you that you get the best deal for your valuable merchandise. Tempe Pawn And Gold, a Tempe Pawn Shop wants you to Just follow on with the following lines and you can see how easy it can be for you to make a successful trade without exposing yourself to maximum risk.
Gold has been making some extraordinary jumps in the open market lately and thus more and more people have gone through their old collections to raise some more money while they could. But the point to be considered here is, whether or not you are getting paid the right amount for it. A customer who depends on the vendor or trader with sole trust, can likely be on the losing end in the long run while on the other side, a better educated customer who has the knowledge and the basic know how of its merchandise can surely secure the best value on arguments table.
First of, you need to know what you are going to be selling. Yeah, it’s gold but how can you be sure of its composition and of its weight? That’s what we are going to explain for you to do simple GOLD ANALYSIS 101 right at home at your ease.
You need a simple a magnifying glass to determine the weight class category of your owned gold. Just like fingerprints, every gold jewelry piece has a Hallmark induced under it by the maker or smelter. Just like a registration plate. The weight class categories are 10K, 14K, 18K and 22K. Also for your information, the general class weight in gold is commonly known as KARAT WEIGHT.
Now that you have you have determined the weight class of your jewelry, it is time to figure out the total GRAM WEIGHT of your gold jewelry in order to calculate the total pure gold weight that you own.
A small sensitive kitchen scale is sufficient to do this weighing. Make a note of the gram weight of you gold jewelry for each weight KARAT CLASS. The purity levels can be calculated at the following rates.
1. 9KARAT (WEIGHT IN GRAMS) x 0.375
2. 10KARAT (WEIGHT IN GRAMS) x 0.417
3. 14KARAT (WEIGHT IN GRAMS) x 0.583
4. 18KARAT (WEIGHT IN GRAMS) x 0.750
5. 24KARAT (WEIGHT IN GRAMS) x 1.00
Add the figures you get from each class of Weight you have the jewelry for and that will be the figure showing you the actual Pure Gold weight in GRAMS.
Finally, to get the fair idea of the price of your valuable gold, Consult some reliable online vendor or trader to get the current gold price. Divide that current price by 31.1 to get the SPOT GOLD PRICE PER GRAM. Multiply spot gold price to the total grams of pure gold you calculated above and that would be the actual MARKET VALUE of your GOLD.
It is to be noted here that the above rate gives you a sample idea of what your jewelry is worth, not the price it would fetch from the market. Generally the Gold Buyers will levy labor, admin and misc charges which would cut a chunk around at 40% of the estimated market value. Now if you are dealing with legally bought substance hallmarked jewelry, things might go smooth for you since the only cost incurred then would be the labor cost by the Gold buyer to melt and reform the jewelry. Meaning, you would be looking for price cut of about 10 to 20%.
Know your Gold before you sell it.