gold information current price gold buyer and pawnshop

How do we buy pre-owned gold?

Generally most items are valued based on the karat and weight of the piece.

We determine the karat of the gold by locating a stamp that will say 10k, 14k, 18k. 22k.

If there’s no stamp on the item, we do an acid/scratch test to help us determine the karat.

The “karat” tells us what percentage of the piece is pure gold.

We weigh the gold and calculate how much it is worth at today’s current market price.

Sound easy? It is.

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Karat	Gold to Alloy	%	Fineness
10K	10/24	41.67%	417
14K	14/24	58.33%	583
18K	18/24	75.00%	750
22K	22/24	91.66%	917