How To Manually Calculate Scrap Gold Prices

If you have any scrap gold (jewelry, fillings Brand Cialis or teeth, parts from an electronic device, etc.) you can sell it to a scrap gold buyer for cash. First, however, you should calculate how much your scrap gold is worth. You can find calculators online, or you can figure out the value manually. You’ll need a magnifying glass, a calculator, and a scale that weighs in ounces or grams.

First, determine the current price of gold on any web site that provides information about the gold market. The price changes daily, so if you make your calculations today and take the gold to a buyer tomorrow, you likely won’t get exactly what you planned on. The price of gold is measured in troy ounces, which is just over 31 grams. To find the price per gram, divide the price of gold by 31.1035 and round to the nearest cent.

Next, sort your scrap gold according to karat (10K, 14K, 24K, and so on). Use the magnifying glass to determine the fineness. Don’t include any scraps that are gold-plated. Weigh the gold on the gram scale. If you have a lot of gold, you can weigh it in ounces and then convert the ounces to grams (1 ounce of gold equals about 28 grams).

For this next part, divide the karat weight by 24 to determine the decimal number by which you need to multiply the day’s price of gold per gram (which you calculated by dividing the price by 31.1035). Here are the numbers for the common karat weights. For 10K gold, multiply the day’s price of gold per gram by .4167. For 14K gold, multiply the price per gram by .5833. For 18K gold, multiply Viagra Professional the price per gram by .75. For 24K, just use the price per gram.

Finally, multiply the product by the number of grams of gold that you are pricing.

This is the current price of gold scrap for the day’s market. Don’t expect to get that much, however. When you take your scrap to a gold dealer, propecia dosing you’re likely to get ten to fifty percent less than the market value, depending on how much gold you’re selling.

Here’s an example: if today the price of gold is $1,160 per troy ounce, then divided by 31.1035, the price per gram is $37.29. To determine the value of a 10-gram 14 karat piece of jewelry, multiply $37.29 by .5833 (which is 14 divided by 24) to get $21.75 per gram. Since it weighs 10 grams, multiply that number by 10 to get $217.50. Of course, at the dealer, this piece of jewelry may only sell for half that much.

Author Bio: (http://www.moneyforurgold.com/) We are competitive with other scrap gold buyers on our pricing.

Category: Business
Keywords: gold coin buyers, scrap gold buyers, sell scrap gold

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