Does the price of gold have you tempted to sell your unwanted jewellery? Before you part with your gold pieces, it may well benefit you to know the karat weight. But density, gold-plated jewellery, and pennyweight measurements can cause confusion, leading to improper karat rating for purity. What does all this mean, you ask? Don’t worry about frightening flashbacks of math class. We are going to answer how to figure out the pure gold content in any karat weight.
From Selling Your Gold
Earn Extra Money: How to Sell Gold in Calgary
Are you thinking about selling your gold? Trading in your unwanted jewelry is a great way to make some extra cash. But before you set out to peddle your pieces, you want to make sure you know the proper steps to take. To help you make the most of the jewelry selling process, we have put together some handy tips on how to sell gold in Calgary.
Best Place to Sell Gold (Locations Across Canada)
Looking to make some extra cash? Well, rummaging around in your jewelry box might be a great place to start. Selling your gold has never been easier—or more confusing. With so many options out there, finding the right buyer can be overwhelming. To help you get top dollar for your jewelry, here are some tips on how to find the best place to sell gold across Canada.
Where Can I Get Cash for Gold: Top Reasons to Sell Your Jewelry
Whether you’re looking to buy something for that special someone or pay off a few bills, extra cash can always come in handy. But like the old saying goes, money doesn’t grow on trees. While that is certainly true, you may have a source of income that you haven’t even considered—your jewelry box. Selling your gold pieces can fetch you a decent return, giving you some money when you need it most. If you are starting to ask yourself, “Where can I get cash for gold in Canada?”, here are the top reasons to finally sell your jewelry.
What we pay for your gold
We believe that having the right information and knowing what your gold is worth is the most important thing to know when deciding to sell your gold. Used and second-hand industries – from pawnshops to used car lots – have a bad reputation when offering a fair price for gold and we believe this comes from the imbalance of information between dealer and seller.
What is Gold Karat?
The term “karat” has been used for centuries to as a unit of gold purity. Gold karat is not the same as “carat” which is a measurement of diamond weight. Normally we see 10k, 14k, or 18k jewelry, and naturally the higher you go the more pure the gold is. But what does gold karat really mean?
Let’s start with 24k gold, which is pure, 100%, real mccoy gold. From now on, think of every piece of gold as having a purity that ranges between 0 and 24. So, if we have a 10k piece of gold, that means 10 parts of 24 is gold, and the other 14 are other alloys. This equates to 41.67% gold and 58.33% of other alloys. Here is a chart that lists out the other purities.
What other alloys are being used to make up the rest of your jewelry? There are an array of alloys that are typically used, such as silver, copper, nickel, zinc, or palladium. Some metals are chosen over others to alter the color. For example, “rose” gold has parts of copper to give that reddish color, and white gold is mixed with a white metal like silver, nickel, or palladium. Obviously the higher the Karat the higher the price of gold you can ask for.
The Gold Refining Process – how gold is refined
Ever wondered how gold is refined? Check out the five stages of metal refining according to the Royal Canadian Mint.
Turning Old Gold Into New Memories
Having served thousands of customers all across Canada, our gold buyers get to hear all sorts of different stories from many clients about how they acquired their items, where they came from and how long they’ve been sitting around. But often it’s the story about what people plan to do with the windfall from cashing-in their unwanted items like old gold that’s most interesting.