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Scrap gold prices.
TennesseeDave
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
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I have a little gold scrap that I price checked locally in Arizona.
The quote, I didn't feel was favorable to the seller
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.
I have 9 grams of 14k and 3 grams of 10k and was offered $375 or about 50% of actual value. I walked....
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.
66% of spot 14k gold, not 24k gold.
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.
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.