"cash For Gold!" Cool Checks On The Typical Spiel

You've seen the commercials, "Sell Your Gold For Cash!" Before you fall for the cool hype, check this out. You may be getting less than 10% of its worth if you don't do some comparison shopping.
Don't fall for the hothead, do cool checks for prices from gold dealers show a range from 10% to 70% of the melt price. Most gold dealers will pay you only 50% of the melt price, pawn shops pay in the 40% to 50% range.
Those ads you see on TV will give you the least amount for your gold. Those prices range from 10% to 33% of the melt price.
Foremost, you need to know the amount of gold you have by weight so you are not taken to the cleaners. Pure gold is 24 karat. Because pure gold dents easily, they combine it with other materials. 18 karat is 75% pure gold. Therefore if you had 1 ounce of 18 karat gold and gold spot price is $900 then that's $900 x .75 or $675 worth of gold at the melt price. If someone says they're giving you 70 percent of the melt price, they should pay you $675 x .70 = $472.50.
So you don't get tricked, call around and note the various prices offered. Then weigh your individual pieces and note their purity. Multiply the purity factor against the weight and against the spot price to learn what you have.
Gold weight is another issue in nomenclature. It is measured in troy ounces. A measure used to weigh precious metals of gold, platinum and silver, a pennyweight (abbreviated dwt.) is equal to 24 grains and there are 20 pennyweights in a Troy ounce.
What can be puzzling is that your food scale at home uses 28 grams per ounce. understand that you are using a somewhat unrelated weight scale. Troy Ounces: A unit of apothecary weight equal to 480 grains or one twelfth of a troy pound and Grams: A metric unit of weight equal to one thousandth of a kilogram.
If you are a bit puzzled about how to estimate your gold jewelry, find a trusted source to weigh your gold and record your results. Note that when gold prices are ramping up, you'll likely cut a better deal since the dealer is optimistic about getting even more with the rising market. Off topic: save 50% replenishing personal checks at Cool Checks

By: Dominiqe Jones

Article Directory: http://www.articledashboard.com

Save 50% off bank prices on checks. Since you are buying direct from the manufacturer, you get quality bank checks with the best and latest designs for less. These personal check designs likely exceed the quality and design features that banks offer and you can see them at get quality bank checks