If you’ve been looking for a gold calculator online, you’re in luck. What you’ve probably noticed is that the price of gold is the highest it has been in the past twenty years, as evidenced by the fact that everybody and their cousin seems to be advertising the fact that they buy gold. Right now the price of gold is ever rising due to increased investor interest in precious stones and metals, which means that now is an excellent time to sell your gold for cash.
You’re likely well aware that gold is a hot item at the market. What you might be less aware of is what, exactly, your gold is worth. Unfortunately, not all of us have gold appraisers lying about the house, and sitting around wondering, “how much is my gold worth?” is not the most productive use of a day. To this end, we’ve developed online cash for gold calculator – that is, a way to plug in the attributes of your particular gold item and get an estimated price for it based on the gold rate of the day.
This gold calculator can help price your gold items and allow you to enter the gold selling market with more confidence. With the calculator, you can calculate your gold price per gram or per ounce – whichever is more convenient for your needs. With this cash for gold calculator at your fingertips, you will no doubt find it easier and faster to figure out how much your gold is worth and what you should be expecting from reputable gold buyers.
The fact of the matter is that when any commodity becomes a hot market item, there are a slew of companies and people who will try and figure out how to separate you from your wares for as little cost to them as possible. Many people are selling their gold at well below market value simply due to ignorance of the market. With this handy tool, you can figure out how much your gold jewelry, gold bars, or even what your scrap gold price should be. Give it a try!
How to Find The Purity of Gold, Silver and Platinum For Gold Jewelry made in the United States or Canada it should be stamped 14K, 18K, 22K or some number greater then 9 and less then 24 with a "K" or "kt" after it. Since 10K is the minimum purity in the U.S. that an item can be sold as "Gold" and 24K is rarely used for making jewelry. The "K" stands for Karat. A Karat is a measure of gold purity. This is sometimes confused with Carat, which is a unit of weight used for diamonds and other gemstones that is equal to 200 milligrams.
1 Karat equals 1/24 of the whole. An alloy made of 14 parts pure gold and 10 parts of copper or some other metal is known as 14K or 14 Karat gold...18 parts pure gold and 6 parts of another metal, is 18K or 18 Karat Gold.
Outside of the U.S. and Canada, the spelling "Carat" is commonly used instead of "Karat" to describe gold purity. You will find the abbreviation "ct." being used and 14ct, 18ct or 9ct... as a purity stamp instead of 14K, 18K or 9K....( It is only in this context, that the words "Carat" and "Karat" describe the same thing, 1/24 part or 1/24 of the whole.)
In Europe, the Parts Per Thousand format is usually stamped to indicate an items gold purity, " .375 " for gold that is 37.5% pure, " .417 " for gold that is 41.7% pure (10K in the U.S.), " .585 " for gold that is 58.5% pure (14K or 58.3% in the U.S.) , " .750 " for gold that is 75% pure (18K in the U.S.).
For Sterling Silver it should be stamped " Sterling "," Ster ", ".925 " or have a symbol or mark that indicates that it is Sterling Silver and not silver plated or stainless steel. The standard or law for which an item can be sold as "sterling silver" is it must contain 92.5% pure silver. There are some resources on the internet to help you find sterling silver hallmarks from silversmith's all over the world.
For Silver, Platinum or Palladium Jewelryit is usually stamped .800, .950, .830, .900 or something in a .000 format. This format is simply expressing the items purity as Parts Per Thousand. If your item is genuine and marked .800 it is 80% pure. If it's marked .950 it's 95% pure. If it's marked .835 it's 83.5% pure precious metal. Platinum jewelry is usually stamped with a "Pt" or "Plat" after the purity.. ..ie, ".950 Pt" or ".950 Plat", "900 Pt" or "900 Plat".
Purity Stamps and Hallmarks: Most all contemporary precious metal goods are by law, stamped to indicate their purity. If your item is unmarked, it may mean that it has been "electroplated" or that it may not be made from precious metal at all, so you will have to do a little more research. Possibly purchase a test kit or take it to a reputable jeweler for a purity test if you are unsure.
Electroplated Goods: If the item is stamped "EPNS" or "EPBM" this indicates that it has been electroplated. When an item has been electroplated, it means that it only has a thin coating of precious metal instead of being a true alloy where the metals are mixed together at melting point temperatures. It is also worth noting that electroplated items are VERY common and basically worthless from a precious metal perspective. They do not contain enough gold or silver to merit refining.
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