Gold jewelry can be valued by looking at 3 different factors: purity, weight, & condition. Purity is measured in karats, which is the amount of gold relative to other metals in the piece. The highest purity of gold is 24 karats meaning it is 100% pure gold. Lower karat numbers reflect the higher amounts of other metals alloyed with the gold. This contributes to the overall value of the piece.
When selling gold, it is helpful to have it in as pristine a condition as possible. Gold is a very malleable mineral, and it can be easily dented or scratched if not kept safe. When trying to sell gold as scrap, dents and scrapes do not diminish the value too much because we are more concerned with the weight and purity. However, when selling gold pieces of jewelry, or limited edition, luxury/name brand, or rare gold pieces, the overall aesthetic of the jewelry will significantly affect its value.
Valuing silver is similar to valuing gold. The value of silver can also be determined by its fineness, weight, and condition. However, when valuing silver as scrap or just as a precious metal, and not in a jewelry piece, its fineness is measured in troy ounces. The higher the percent, the more value or worth the silver has. Most silver in jewelry however is at the Sterling Standard which is around .925%. Since pure silver is too soft to make objects with, it is alloyed with copper to give it more strength and to be molded into jewelry pieces. Here at City Diamond Exchange we buy silver and silver jewelry of all levels of fineness, shapes, and sizes. Click the button below to get a free quote or check out our pawning options
Platinum is actually the rarest out of all the precious metals. It can be difficult valuing platinum as it is very hard to find, and sometimes difficult to calculate its fineness. That is why we have made the selling process of your platinum very simple and easy for you.
Platinum’s fineness is measured as a percentage by a three digit number call Millennial Fineness. For example a piece of platinum or platinum jewelry that is valued at 900 is also consider 90% pure platinum. Most jewelry is made with 90% – 95% pure platinum but it can range from 750 all the way to 999.5.
Most places have you mail your gold, diamonds, and jewelry to them! We understand these items are important to you so we offer you a face to face experience with a real person! We take care of you and we look forward to seeing you!
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We are interested in buying your gold. We offer competitive prices and individual attention. Any offer we make to you on gold is calculated based on the carat of the gold (10k, 14k, 18k, 22k, 24k) and the weight of the gold (grams). Using these two factors, our experts will make you an offer which we know you will find competitive and fair.
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