Can someone who is is the know please explain the different numbers/markings and what gold/silver content they are on jewellery? Got a few pieces that looking to offload but no idea trying to work out spot for these Thank you
Are you referring to Karat purity hallmark stamps? 9K = 375 parts out of 1000 pure gold 14K = 585 parts out of 1000 pure gold 18K = 750 parts out of 1000 pure gold 22K = 910 parts out of 1000 pure gold 24K = 999 parts out of 1000 pure gold
So if you want to work out the sbot brice for a 2.4 gram 14k gold ring you do the following equation remembering 14k is 14/24 equals 0.585 2.4 x 0.585 x $51.85 (brice of gold/gram] equals $72.80
