Archive for the ‘Gold’ Category

How much is 14ct gold worth per gram?

14ct gold rings

You probably already know that the carat (ct) is the unit used to denote the purity of gold alloys. The higher the number, the more pure the gold, i.e. the ‘gold’ alloy has more gold content and fewer other metals. In the USA, it’s spelt ‘karat’ (kt).

The formula used by the gold industry measures carat purity as 24 x the purity by mass. This means that 24ct gold should be 100% pure or fine gold (in fact, for complex technical reasons it’s 99.9% fine gold by mass). So 14ct gold is 14 parts gold, 10 parts other metal. In percentage terms, that’s 58.5% fine gold.

The scrap value of 14ct gold

Gold is combined with other metals to alter the colour and the hardness of the finished product. You’re most likely thinking of selling your scrap gold jewellery, so let’s focus on that.

14ct gold is sometimes used for men’s rings, as the higher carats such as 22ct and 24ct, while more valuable, are considered too soft and less able to withstand prolonged wear. There’s actually a measurement for metal hardness called the Vickers scale, and 14ct gold is in the 100 – 165 HV scale, depending on the other metals used.

14ct gold is a popular purity in countries such as Greece and Italy. Customer’s should be aware that there is no official guarantee or hallmarking standard in these countries. In our experience, items marked as 14 carat (14k) from Greece are often of slightly lesser purity – around the 55% purity mark.

Our price today for 14ct scrap gold

So, now you know what your 14ct gold is made of, what’s it worth? Gold-Traders is currently paying £ for 14ct gold. (Check our current scrap gold prices here).

If you weigh your scrap 14ct gold, you can then use our online calculator on the right of the page, to get an accurate quote. Look at our page about how to weigh your scrap gold, but don’t worry if your own scales aren’t that accurate – we will use our calibrated and Trading Standards approved scales to determine the exact weight and make sure you get an exceptionally good price.

March 4th, 2013 No Comments » Gold, Selling Tips |

Royal Mint release first UK kilo gold and silver coins

UK 1 kilo gold and silver coinsIn commemoration of the London 2012 Olympics, the Royal Mint have unveiled the UK’s first ever 1-kilo gold and silver coins.

At an eye-watering £100,000.00, the kilo gold coin is priced at around 3 times its intrinsic gold value. The silver version is priced at £3,000.00, nearly 4 times its silver value.

Designed by Sir Anthony Caro, the gold coin has an issue limit of 60. The silver version is limited to 2,012 pieces and has been designed by Tom Phillips.

One could argue that the uniqueness and collectability of these coins justify the high price tag, however anyone purchasing for investment purposes should take note that the world’s largest gold coin, a 1 Million Dollar Canadian Maple Leaf sold for just it’s scrap value back in June 2010.

Interestingly, The Royal Mint produced a 1 kilo gold coin in 2011 to commemorate the Royal Wedding. Minted for the island of Alderney, this coins had a bargain-basement price of just £40,000.00!

Link: Royal Mint reveal 1 kilo coins

How much is 18ct gold worth per gram?

An 18ct rose gold fob chain

18ct gold is an alloy (a mix) of gold and other metals, typically copper, silver and / or zinc. For an item of jewellery to be hallmarked 18ct gold, it must contain a minimum of 75% gold.

The colour of 18ct gold depends on the mix of the other metal added. For example, 18ct yellow gold can consist of 75% gold, 13% silver and 12% copper. 18ct white gold will contain more silver or zinc and less copper, whereas rose gold will contain more copper and less silver. As the value of scrap gold is based on the gold content, 18ct yellow gold is worth the same amount as white or rose gold.

The scrap value of 18ct gold

Gold-Traders is currently paying £ for 18ct.

When comparing our rate with your high street jeweller, you should note the following points:

  • Once you’ve filled out our claim form, our rates are guaranteed for three days. We won’t pay you anything less per gram for your gold.
  • We don’t differentiate between hallmarked and non-hallmarked gold, our rates are the same.
  • We have no hidden fees or charges. The rates we quote are the rates we pay.

Review a full breakdown of our scrap gold prices.

To receive a quotation from us, please use the calculator function in the right-hand column of this page.

November 30th, 2011 No Comments » Gold, Selling Tips |