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Re: Selling Gold for Christmas Cash

Example: You have a 14k gold ring that weighs 7 grams and the price is listed as $17.50 per gram
The exact actual gold (melt) value would be 7 x $17.50 = $122.00

Some coin dealers base the purchase price on the total weight of the item being sold. If you have just a few grams, you can expect most likely to get about 60-75% of the melt value. If you have a fairly large amount, for instance a heavy gold chain, you should be able to obtain 75-85% of the melt value. Cont...