How Much Money Should I Expect If I Sell My Gold For Scrap To A Jewler? ?
It is 14k and weighs approx. 1 1/2 ounces on the postal scale at work.
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Scrap Gold Calculator
Use our handy Gold Price Calculator to get an estimate of what your gold is worth.
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Spot gold price is currently $835 / troy ounce. The postal scale measures in avoirdupois ounces, 28 grams to the ounce. So you have 42 grams of 14K gold which is 14/24, or 58.33% pure gold and 41.66% something else. So multiply 42 x ($835 / 31.1) * (14 / 24)
I have a spreadsheet that does it, it puts 14K gold at $15.66 / gram, and spot price on your gold is $657.72.
Now, spot price is a funny number. If you are buying, people may charge you a lot more than spot, or a little more than spot, but never less. When you are selling, people will offer you much less than spot, or a little less than spot, but never more.
You can check the spot price anytime here:http://www.kitco.com/
Grandpa
I recommend checking it out online. If you visit http://www.mycashforgold.info you should be able to get a good idea.