How much is your old gold jewelry worth?

How much is your old gold jewelry worth? (Alberta Times) An article published by CNN Money said that seeing gold prices continue to hit new highs, TV always...

How much is your old gold jewelry worth? (Alberta Times) An article published by CNN Money said that as the price of gold continues to hit new highs, and there are always advertisements on TV to "buy gold jewelry," do you also want to sell some jewelry that you no longer wear? Have you ever wondered how much these pieces of jewelry are worth? For example, Yvette Shirey decided to sell some old jewelry, including a necklace, some earrings and bracelets. She sent the pieces to a jewelry store and was paid a thousand dollars. Although the jewelry has sentimental value, as an unemployed person, money is more useful to her than jewelry. For many Americans, old gold jewelry has become a source of income. Last week gold reached a price of $1,600 an ounce, setting a new high. Many people also took this opportunity to sell their old jewelry. However, the Better Business Bureau (BBB) ​​reminds consumers to be careful of being deceived when selling old jewelry. Currently, the BBB has received complaints about many stores that buy precious metals. In 2011, there have been 416 cases. Whether you're selling your jewelry to an online buyout store or to a local jewelry store, you should first know how much the jewelry is worth. The weight and purity of gold jewelry determine its value. 10K gold is composed of 42% gold and 58% other metals; 14K gold contains 58% real gold; 18K gold contains 75% gold. Therefore, a piece of 14K gold jewelry should be worth $928, which is 58% If buyers are unwilling to pay such a price, then consumers should be careful. Janece White, vice president of Chubb Personal Insurance, said jewelry stores should tell you how much it costs per ounce or gram. Then you should visit a few more stores to compare. In addition to shopping around, consumers should choose to sell to local jewelry stores with a better reputation. Consumers can go to the BBB website to check the reputation of the jewelry store and see if there are any complaints from other consumers. In addition, consumers should also pay attention to the following: 1. Understand the weight of their jewelry: the measurement method is that each ounce of gold is equal to 31.3 grams, and some purchasing stations will manipulate the weight; 2. Know the purity of the jewelry, whether it is 10K, 14K or 18K, to avoid being deceived; 3. Understand the gold price in the market to ensure that you get a fair purchase price.