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phildogg
Penny Sorter Member
51 Posts |
 Posted - 07/18/2009 : 09:45:48
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I recently found a old charm (10k) and it doesn't weigh much 2.7g but was wondering what would a scrap gold dealer pay for it? Just a ballpark so I don't sell to cheap?
phil
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Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 07/18/2009 : 10:09:58
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quote:
Originally posted by phildogg
I recently found a old charm (10k) and it doesn't weigh much 2.7g but was wondering what would a scrap gold dealer pay for it? Just a ballpark so I don't sell to cheap?
phil
10/24 = 41.67% gold
.4167 x 2.7 gr = 1.125 grams of gold
31.1035 grams per troy ounce
spot price of gold / 31.1035 = price of 1 gram of gold
$937.70 / 31.1035 = $30.15
1.125 x $30.15 = $33.92 gold value of the 10K ring
A fair offer would be no less than 66% of the gold value, or $22.61
You'll be able to sell it on feeBay for a higher price, but consider 12% eBay commission on the final value, plus .15 listing fee, plus .30 PayPal flat fee, plus 2.9% transaction commission for PayPal.
Your best bet might be to sell it here on realcent |
goto the new and improved realcent: http://realcent.org |
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sunsetcliff
Penny Pincher Member
USA
101 Posts |
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Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 07/18/2009 : 21:56:01
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quote:
Originally posted by sunsetcliff
Question.
Does this mean that there are 31.1035 grams in a troy ounce of silver?
Yes.
A troy ounce is a unit of measurement. You could be weighing a sack of potatos and a troy ounce will still equal 31.1035 grams.
FYI:
The "ounce" that we are all used to using, is called an "avoirdupois ounce" It is different from a "troy ounce." 16 avoirdupois ounces per pound, and 1 avoirdupois ounce = 28.3495 grams, whereas a troy ounce is slightly heavier. |
goto the new and improved realcent: http://realcent.org |
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 08/07/2009 : 23:20:13
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| Is a "gram" a gram whether it is troy or Avoirdupois? |
Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
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Nickelless
Administrator
USA
5580 Posts |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 08/08/2009 : 10:34:26
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quote:
Originally posted by jtm3
Is a "gram" a gram whether it is troy or Avoirdupois?
Yes, a gram is always a gram. However 1 troy ounce= 31.1035 grams while avoirdpurious=28.349 grams |
Copper Penny Investing
www.portlandmint.com |
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Flbandit
Penny Hoarding Member
USA
851 Posts |
Posted - 08/08/2009 : 20:36:56
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| I actually just sold some today, I got $10 a gram for 14 kt and $6.70 for 10kt. I normally don't sell my gold (what little I have) but sometimes you need what you need. |
Are you throwing that out? |
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Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 08/09/2009 : 14:40:42
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| I just sold a ring 10k for $10 a gram...looks like I got a great deal. |
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gold price per gram?
Forum Locked
, why not just keep the gold for now--unless you want to trade for silver?
