Help required- Gold content in chain

Discussion in 'Jewellery & Gems' started by Silvermonkey, Apr 1, 2014.

  1. Silvermonkey

    Silvermonkey Member

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    Hi all
    I was hoping some clever stackers out there may be able to help me.
    There is a gold curb chain with the below specs, can someone please workout the gold value in this chain to give me an idea if the asking price us fair or way over priced. I know the quality and craftsman ship is a value by itself and not just the gold value in the chain but the gold value amount in this chain will give me a starting point to work out its real value or wholesale value.
    Thanks!

    Specs:
    18kt solid yellow gold Curb chain with lobster clasp
    3.5mm wide
    55cm long
    21.48grams weight


    The gold value/amount from this chain would help me a lot!
    Thanks guys
    Can post here or pm me
     
  2. whinfell

    whinfell Well-Known Member Silver Stacker

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  3. House

    House Administrator Staff Member

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    Challenge accepted.

    18kt is 75% gold so 16.11grams of gold. At $1,388.44 per TrOz and divided by 31.10 is $44.64/gram.

    So $719.15..?
     
  4. Silvermonkey

    Silvermonkey Member

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    Thanks House
    That's awesome, your awesome
    Just what I was trying to figure out!!
    Thanks for your help guys
    :)
     
  5. aussiecollectables

    aussiecollectables Member Silver Stacker

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    Only problem calculating at spot is very hard to buy on a regular basis
    If it falls in your lap "Go For It"
    I do markets and I need gold and silver in my stockpile
    I would be singing in the rain if I could find good second hand items at spot
    By the way I see something I think I can make money on I will pay up to 20 % to 25% over
    And sell at a profit
     
  6. Tarnish

    Tarnish New Member

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    So was it fairly priced or way over priced?
     

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