Every wonder what your 14K Gold necklace is worth? How much cash is my old gold jewelry worth? Here is a perfect example of a piece that recently came into our shop Vermillion Enterprises in Spring Hill Florida.
This 14K Gold Necklace Recently Purchased in Our Spring Hill Store is Worth over $700!!!
This necklace weighs 21.2dwt and is 14K yellow gold. So 14K gold is 58.3% gold (14/24 = .583333). If we assume the price of gold is $1200.00 per ounce we just apply the following equation to determine what value your gold has!!!!!
How To Calculate Gold Jewelry:
$1200/20dwt x 21.2dwt x .583 = $741.58!!!! (Remember you have to divide by 20 because there are 20dwt to an ounce).
So just one piece of 14K Gold jewelry a simple necklace that a customer had that was just laying unused for years in her jewelry box in Spring Hill Florida was worth $741.58!!!!!
To Check the price of gold you can always use our friends at Monex
If you want top dollar for your unused/broken/unwanted gold jewelry or gold scrap to visit Vermillion Enterprises in Spring Hill FL. We are always purchasing any Gold Jewelry or Dental Gold that is 8K, 9K, 10K, 14K, 18K, 20K, 22K, and 999 Gold. Types of Gold Jewelry that we purchase include wedding bands, rings, class rings, herringbone necklaces, omega chains, earrings, diamond jewelry, body jewelry, watches, & bracelets. If you are unsure what your gold jewelry is worth or if it is even gold you are more than welcome to visit our store in Spring Hill, FL. We do not mind questions if you are unsure of something do not be embarrassed just come on in.