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Ted Mooney, P.E. RET

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How much per gram for 14 K gold jewelery

Looking to trade some gold necklaces, bracelets, etc. I was told salvage value of 14k gold is a high of $9.00 per gram. True? We have a goldsmith in our town who does nice work. However, I have no idea what the value of my stuff is. I am willing to trust but would like a second opinion if possible.

Evelyn Jarland
private person- Oakdale, California, USA
2004

I have no experience in that field, but I can offer a 'reasonableness check'. Today's gold price is about $390 per troy ounce, and a troy ounce is 31.1 grams. So a gram of 24K gold is worth $12.54. But 14K gold is only 14/24 pure, so a gram of it should be worth $7.32 if there was no deduction for the impurity or labor or handling, etc. As an amateur then, I'd be very happy to get $7.32 per gram for 14k gold.

Ted Mooney, P.E.
Striving to live Aloha
finishing.com - Pine Beach, New Jersey
2004

The last post was in 2004. What is the current worth of 1 gram of 14Kt gold per gram?

Dawna Larsen
hobbyist, consumer - Kingman, Mohave County, Arizona
September 17, 2010

Hi, Dawna.

www.kitco.com and several other websites post the daily price of gold. The "London Fix" is very widely used. Good luck.

Regards,

Ted Mooney, P.E.
Striving to live Aloha
finishing.com - Pine Beach, New Jersey
September 20, 2010

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