Bought a yellow metal necklace and bracelet at a tag sale. Marked 14K Italy. Looks genuine gold. Did a google search. Says its 58.5% gold.
Weights 25 grams.
Could someone tell me what I might get if I were to sell it? Thanks
14 k italy
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14 k italy
by Changechecker » Thu Oct 24, 2019 7:53 pm
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Re: 14 k italy
by 68Camaro » Fri Oct 25, 2019 7:20 am
14kt is 14 24ths gold which is 58.33% gold. Unless you find someone who wants it as jewelry and is willing to pay a premium you might get 85% of spot. So the valuation is .85 times 25 grams divided by 31.1 grams per troy oz times .5833 times spot (which is about 1500). Which is about $598.
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The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: 14 k italy
by Changechecker » Fri Oct 25, 2019 2:02 pm
Thanks for helping me 68camaro. Armed with this information I can get a better deal if I sell.
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