This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.
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by SilverEye » Wed Feb 01, 2012 3:45 am
14k is .585 fineness. So 1.46 toz x .585 = 0.8541 toz pure gold.
Take spot gold price $1740 right now multiply by that and get $1486.13 melt value. I'd guess you would be lucky to $500 at a pawn shop or the gold buying kiosk at the mall. I wouldn't sell for less than 10% under melt, but I would go 20% under on a fire sale if I needed bail money.
Post it up on eBay and you might even get a premium. I'd certainly think it's worth more as jewelry, because if you melt it then it will only ever have melt value to metal geeks like us that know to the penny how much it's worth. You might stumble across somebody who falls in love with it or has a matching brooch or something, then it commands a premium.
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SilverEye
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by tractorman » Wed Feb 01, 2012 10:10 am
This I would send to Market Harmony. I believe Mike pays more than 90% of melt and I don't think he charges assay fees either (my apologies if I'm wrong). The $$ I would then flip into bullion. There might be a way to get the same gold back, but I'm sure it would cost you more in the end. You could ask MH about that.
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tractorman
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