what is 12k gold worth ?

commoncents123

I found a hefty gold chain on the ground today that says 12k GF on it... what would an oz of 12k be worth ?

Smittys

GF = Gold Filled
not worth much

blu62vette

About half of spot if memory serves me right. 24k is pure (or pretty close to .999 maybe only .900) so 12k is half pure.

blu62vette

Didnt see the GF, Smittys is correct on this one.

commoncents05

Gold Filled or Gold Plated is worth zilch.

-Paul

ss350camaro

............. A Helpful Link .........

mgoodm3

By the title I thought this was a trick question.

ss350camaro

<< <i>By the title I thought this was a trick question. >>



12k girl friend

a spoof would be easy on this one.

jfoot13

in order to be marked gold filled it should be minimum 1/20 or 5% gold content of the carat of the gold marked

so if your chain weighs 20 oz ( example ) it would contain 1 oz of 12K gold...

trouble is the gold is usually bonded to the outside of the piece and wears first so if the piece is used the gold is what wears first so the content is actually much less.... gold filled is kinda like a low yeald mine, it only gets worked when the prices skyrocket..

do a google and you should get a formula for figuring out the gold value I know they used to have it back in 79 in the coinworld ads from the refiners for buying the stuff

ricko

It is not even worth the effort to figure out... sorry.. Cheers, RickO

57loaded

<< <i>About half of spot if memory serves me right. 24k is pure (or pretty close to .999 maybe only .900) so 12k is half pure. >>



24kt is .999
22kt is .9

12kt is .5

you would get under 1/2 of spot though

drwstr123

GF=gold filled, not 12kt gold. Large and important difference. Mike

PerryHall

<< <i>

<< <i>About half of spot if memory serves me right. 24k is pure (or pretty close to .999 maybe only .900) so 12k is half pure. >>



24kt is .999
22kt is .9

12kt is .5

you would get under 1/2 of spot though >>



Actually, 22K is .9167 which is the fineness of Kruggerrands and AGE's.

57loaded

<< <i>

<< <i>

<< <i>About half of spot if memory serves me right. 24k is pure (or pretty close to .999 maybe only .900) so 12k is half pure. >>



24kt is .999
22kt is .9

12kt is .5

you would get under 1/2 of spot though >>



Actually, 22K is .9167 which is the fineness of Kruggerrands and AGE's. >>



forgot to go out to tenths, please forgive me!

commoncents123

i knew it was too good to be true...crap!

RotatedRainbows

<< <i>It is not even worth the effort to figure out... sorry.. Cheers, RickO >>



You should have posted this sooner, could have saved a lot of people some time!!

BECOKA

OK, I think it has been stated enough on what it's worth.

Basically it's not worth the effort to do anything with it.

PerryHall

<< <i>

<< <i>

<< <i>

<< <i>About half of spot if memory serves me right. 24k is pure (or pretty close to .999 maybe only .900) so 12k is half pure. >>



24kt is .999
22kt is .9

12kt is .5

you would get under 1/2 of spot though >>



Actually, 22K is .9167 which is the fineness of Kruggerrands and AGE's. >>



forgot to go out to tenths, please forgive me! >>



Didn't mean to nit pick but at todays gold prices it can make a difference.

YaHa

No wonder you found it on the ground someone went to the pawn shop to trade it for spot price found out that Aunt Hazel told a lie and the owner through it up in the air and said Weeeeeee!! Put it fleebay maybe you can get $6 bucks.

SUMORADA

12k girl friend

the wife gets 14k............ we see a lot of that in the store..........back in the 80's we had a great customer who was very successful in the restaurant business, he would come in just before xmas and buy the (2) nicest pieces I had.........you can figure out the rest..