Captain Cash for Gold is proud to announce the launch of their cash for gold blog. In this blog you’ll find everything you need to know about selling your gold in the fastest, most efficient way possible, for the highest payout. They’ll also provide interesting news and tidbits concerning the gold world, and that will help you better make your decision about how to sell gold.
The most common concern of most green gold sellers is that they’ll get duped. This is a valid concern that can easily be addressed by some research and knowledge. If you know an approximate of how much your gold is worth you’ll have an idea of what price range a gold buyer should be offering you. How to go about figuring this out?
Traditional or white, gold is most common and popular of the precious metals for most jewelry. Gold is weighed and valued by a system of karats, with 24 karats being pure gold, and is abbreviated after the value number “K”. Most people know that you can buy jewelry in 10K, 14K, 18K, and sometimes the full 24K (though this is rare).
Gold is a very soft metal, so other metals are added into any jewelry of less that 24K, and typical alloys include zinc, silver, and copper. When you’re trying to identify how much gold you’ve got in a piece, you’re going to look for an inscription somewhere inside the piece that says 10K, 14K, or something of the sort. If you see certain letters after this value, such as EP, GEP, or P, it means that the item is gold plated and not solid.
Currently gold is at a high, and valued at about $24 per gram, or $8 an ounce, with predictions of rising again in the future. The price assumes you have a 24K piece though, so a little math is required to find the value of your ring, necklace, etc. To find the market value of your item, use the following equation:
Market Value = (karats / 24) x ($24) x (weight in grams)
In most cases, selling your gold should be a fairly simple process with high rewards. All you need to be is an educated consumer with a little bit of luck. Captain Cash for Gold stands apart from the rest due to their high standards of customer satisfaction. The many testimonials attributed to them attest to their integrity and honesty when dealing with your valuables. If after your research you’re still a bit wary, trust your gold to the leaders in gold reliability, Captain Cash for Gold.