How much is my 14kt GOLD charm bracelet worth??
It was my grandmas it is vintage solid gold. About 6"long thick gold chain with 12 charms on them roughly 1" and under in dia.. please help I need it for college money and I don't want to get ripped off.
Most jewelry is worth more than the gold in it, but it is hard to predict what someone would pay for it on say, E-Bay.
You can calculate how much the gold in it is worth fairly easily:
1) Weigh your 14kt charm bracelet in grams.
2) Multiply the weight in grams by 14, then divide by 24. This new weight is the weight of the pure 24K gold in your charm bracelet.
3) Look up the price of gold online:
http://www.kitco.com
As I write this, gold is $860.50US / troy ounce, or about $27.67US / gram. By the time you read this, the prices may have changed.
4) Divide the "Bid" price, quoted in $US / troy ounce, by 31.1 to give an approximate price per gram. Note that gold prices can change rapidly.
5) Multiply the weight from step 2 by the price from step 4. This is the value of the gold in your bracelet.
Any dealer in scrap gold will do a similar calculation. They may offer you less, but they will not offer you more.
Grandpa
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