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Scrap gold prices.

TennesseeDaveTennesseeDave Posts: 4,809 ✭✭✭✭✭

With the current value of Gold, how much should a person expect to get for scrap 14K per gram and 10K per gram?

Trade $'s

Comments

  • rte592rte592 Posts: 1,883 ✭✭✭✭✭
    edited May 2, 2025 8:10AM

    I have a little gold scrap that I price checked locally in Arizona.
    The quote, I didn't feel was favorable to the seller :o
    18k was 71% of spot
    14k was 66% of spot
    Needless to say, I didn't sell.
    When I get the pieces all together, I'll get a quote from justindan here on collectors.
    Maybe he will chime in...

    I have a jeweler acquaintance who pays 10% less than spot, but I only see him once a year in February.

  • TennesseeDaveTennesseeDave Posts: 4,809 ✭✭✭✭✭

    I have 9 grams of 14k and 3 grams of 10k and was offered $375 or about 50% of actual value. I walked....

    Trade $'s
  • WingsruleWingsrule Posts: 3,049 ✭✭✭✭

    14k was 66% of spot

    If I did the math correctly , that’s about 13% over spot.

  • TennesseeDaveTennesseeDave Posts: 4,809 ✭✭✭✭✭

    @Wingsrule said:
    14k was 66% of spot

    If I did the math correctly , that’s about 13% over spot.

    According to a gold calculator, 14K is worth $60.60 per gram x 9 = $545.40
    10K is worth $43.94 per gram x 3 = $ 131.82 or total of $677.22
    They were offering about 55% of spot.

    Trade $'s
  • rte592rte592 Posts: 1,883 ✭✭✭✭✭

    @Wingsrule said:
    14k was 66% of spot

    If I did the math correctly , that’s about 13% over spot.

    66% of spot 14k gold, not 24k gold.

  • rte592rte592 Posts: 1,883 ✭✭✭✭✭
    edited May 2, 2025 1:57PM

    @TennesseeDave said:

    @Wingsrule said:
    14k was 66% of spot

    If I did the math correctly , that’s about 13% over spot.

    According to a gold calculator, 14K is worth $60.60 per gram x 9 = $545.40
    10K is worth $43.94 per gram x 3 = $ 131.82 or total of $677.22
    They were offering about 55% of spot.

    Send justindan a PM and see where he would be.
    The scrap weight that I have asked about was 6.9 18k and 1.5 14k.
    I was offered around $475 locally.

  • jdimmickjdimmick Posts: 9,772 ✭✭✭✭✭

    I pay 80% over the counter, every one else in my area is between 50-72%. If they want a better price, i tell them to seek one of the refinery's that buy from public, but what a lot don't understand, is the refinery's around here that buy OTC from public, pay a public price, which is a bit better than me personally, but not by about 3-4% more.

    In fact, one lady called today to get a price per gram on 14kt, I quoted 80% , she said ill check elsewhere, I said by all means, hour later she's knocking at my door. Not all, but many others do the same.

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