For thousands of years, gold and precious metals have been valued for their beauty and rarity. Now, many people choose to put their savings into gold rather than stocks and bonds. There is a global precious-metal market where precious metals serve as a currency of their own.
As experts on these valuable materials, we not only sell jewelry to customers, we buy it! Then, we put it to use — either by recycling or re-selling.
Our friendly and knowledgeable staff will be happy to help you exchange your old jewelry. We’ve been doing this for decades, and it’s an important part of our business. So if you have old jewelry lying around in your home — packed away in boxes in the basement, at the bottom of your jewelry box, sitting, unworn, at the back of your closet — bring it into our shop! We promise to evaluate it fairly in order to give you the best possible price.
How do we determine the value of your pieces?
The World Gold Council, which analyzes, and produces, news about the global gold industry, gives industry insiders the current value of gold.
How do we begin to determine the value of gold jewelry? The composition of the metal will play an important role. We compare how much gold a piece contains, and how much of it is made up of other metals. The weight of gold versus other minerals determines the price we offer.
24 karat yellow gold is the most pure gold, and is still favored by jewelry consumers. However, gold is often mixed with other metals, such as palladium or silver. Mixing gold’s natural composition with other metals adds strength to the piece, but also lessens its value and changes the color.
Even the finest yellow gold jewelry also contains traces of silver and copper. “White gold” contains a higher percentage of silver, and excludes copper. Rose gold contains a higher proportion of copper, that emits its pretty pink sheen. Blue and purple shades are also possible as a result of surface treatments.
Weight vs. purity
According to the World Gold Council, gold weight measures in troy ounces, and its purity in karats. So each type of alloy will have a different karatage because it contains a different proportion of gold.
In the US, the legal minimum caratage for an item to be regarded as legitimate gold is 10 karats, and when a piece is 24-carat gold that means it is pure and unalloyed.
When you come into the shop and drop off your pieces, our skilled and knowledgeable staff will carefully examine them. The value of the materials, as well as their resale value, are considered during the process. After decades of helping our customers sell gold and precious metal pieces, you can trust us to give you the best prices possible*. Contact us today to get started.