Width Gold
October 3rd, 2010
gold just hit 1388.00 a ounce . i have a old wedding band about 3mm in width that is stamped 14-18 k?
does anyone have any ideal how much this would be worth to cash in at a jewlery/coin/gold/silver shop
Impossible to tell from the info you give. 14K is 14/24 fineness gold, and 18K is 18/24, so it is unlikely to be marked both 14K and 18K.
A “We buy Gold” shop will pay maybe half, at best, of the gold value (they have high overhead, and are out to make a lot of money, quickly). A Jeweler might pay 50-60%. A COIN SHOP generally will pay 70-85% of gold value. You’ll never get 100%, as there is a cost to smelt it down and nobody gets 100%. Any coin dealer who is a member of the ANA (see link) will give you the best price. But it doesn’t hurt to shop around. NOTE!: Prices change every day, and are based on weight and fineness
Genneva Malaysia – What is Money?
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