How to get the
most for your
scrap gold and old jewelry
ENCINITAS, CA, November 19, 2010 /Jewelry PR News
- Gold prices have been rising to record highs, so now is
a good time to clean out your jewelry box. But before
you take your gold jewelry, dental fillings or broken
chains to a gold dealer's counter, you should know what
they are worth. This is something most dealers don't
want you to know.
Judy Scheuer, of Belle Roche Estate
Jewelry Buyers of Encinitas, answers questions you
may have regarding gold values and reveals some trade
How is the value of used gold jewelry determined?
Karat content is determined by acid tests. Then the gold
is weighed and the actual gold content is calculated.
That day's New York gold price is used to determine the
price that will be paid. Most jewelers use grams for
these calculations, but some gold buyers use
pennyweights (DWT) instead. There are 20 pennyweights
per Troy ounce, rather than 31.1 grams per Troy ounce.
Some dealers will quote you a price per pennyweight
without telling you it is being quoted in pennyweights.
The price will sound higher and this can be used to
deceive you. For example, if one dealer offers you $20
per unit of weight and another offers you $15, which one
would you take? If your 14k gold weighed, for example, 1
Troy ounce, the first offer of $20, in pennyweights,
would net you $400. The second offer of $15, in grams,
would net you $466. So when you get a quote, be sure to
ask if the quote is in grams or pennyweights. Compare
other offers using the same unit of measurement.
What is meant by "Karat content"?
Pure gold is designated as "24 karat". This means there
are 24 parts gold out of a possible 24 parts (100%).
Gold jewelry is usually mixed with other metals, called
alloys, which lowers the actual gold content and makes
the gold harder. When you see a piece marked "18k", that means
18 parts out of a possible 24 parts (18/24ths) are gold,
which is 75%. The European designation for this is
"750", meaning 750 parts out of 1000 parts are gold.
Therefore, 25% of the metal in the piece is some other
alloy, such as silver, nickel, or copper. Markings,
however can be counterfeit.
How can I tell if my jewelry is real gold?
1. Inspect high-friction areas for discoloration. If the
item is plated, that is where the plating will begin to rub off
and show the underlying metal.
2. Hold a magnet up to the item. Gold is not magnetic,
so if it sticks to or pulls toward the magnet, it is
fake. If it does not react to the magnet, it could still
be fake, but made from a non-magnetic material. Note
that the clasps of most gold chains will be attracted to
the magnet because there are metal springs in the
3.Perform chemical acid tests. These tests are best
left to the professional jeweler to do for you.
Do the stones set in jewelry have any value?
Nowadays, many dealers are only interested in the gold
content of your jewelry. They want to buy the item
strictly for the gold value and have no interest in it
as a piece of jewelry. They may say the stones are of no
value, and may offer to pull them out and give them back
to you, even if the jewelry is still in good shape! Your
item of jewelry may have more value than just the gold
if the stones are left in place. Belle Roche
Estate Jewelry Buyers, located in the San Diego North
County Coastal area, takes care to restore and market any
piece of jewelry that is still sellable as a piece.
Their client base of collectors is extensive and they are
eager to buy jewelry of all types.
How is the value of diamonds in jewelry
A buyer will carefully evaluate the characteristics of
the diamond. Proportions, color, clarity and carat
weight all affect the value. Larger diamonds of good
quality can command a considerable premium. Belle Roche
Estate Jewelry Buyers has a staff with over 40 years
combined experience in the industry. They have the
training and experience to evaluate all the factors and
determine the best price possible based on the current
Is an appraisal needed in order to sell my
No. An appraisal is usually done to provide an insurance
replacement value and is therefore on the high side of
retail value. This will not help you determine resale
value in the second hand market. If you do want an
appraisal for the purpose of selling your jewelry, it
should be done by an appraiser who is not also buying
used jewelry to avoid any conflict of interest. Be sure
to tell the appraiser what the purpose of the appraisal
What are some things to know when selling gold
and other jewelry?
Judy shares a few tips to help you:
* You can negotiate a higher price for a large vs. a
small quantity of gold.
* If the person at the counter makes you uncomfortable
or you get a "bad vibe", pay attention. You are probably
* Don't be pressured to "cough up a price" yourself. The
professional knows what he can pay for your items and
should be able to give you a quote if he is paying a
fair market price.
* If the buyer wants to pull the stones out of perfectly
sellable jewelry, find someone else who will buy your
items as fine jewelry, not scrap.
Judy shared the
following about her business:
"We at Belle Roche Estate Jewelry Buyers
take care to
treat our clients and their fine valuables with the
respect they deserve. We are knowledgeable and play it
straight with a fair offer right up front. There is no
pressure. Our office is private, where we take the time
to thoroughly evaluate each item in order to offer the
highest possible price. We provide a pleasant and
comfortable experience which has earned us a reputation
for honest dealing."
Following are some testimonials from
very satisfied customers:
"Incredible experience. Very professional, very accurate
and well educated in her craft. But above all that ~ a
person who seems to genuinely care. I was treated with
the utmost respect and dignity, I would, without a doubt
recommend Belle Roche Estate Jewelry Buyers to any of my
friends. Judy is a very pleasant and professional
person! John A VERY satisfied customer " -JD
"It was such a pleasure to do business with Judy at
Belle Roche! I sold her a piece of jewelry and it was
such a pleasant experience! Her office is beautiful and
it is a very private transaction ... After doing all my
research and going to two other buyers, Judy gave me top
dollar! Thank you, Judy!" -AM
mother recently passed away and I had to make the
decision to have many of her things appraised. I spoke
with Judy over the phone, she said the following.."Just
come in and we will go over everything together". I
cannot think of any other person or business that has
the amount of personal accountability and compassion
than Belle Roche Estate Jewelry Buyers. In times like
these..it was so amazing to be able to sit down in a
wonderful, friendly, professional, and most of all
caring place to collect my thoughts. Thank you again for
creating an experience that will never fade!!"- KB
Well we are convinced! With these tips under your belt
you can have the confidence to get the most for your
scrap gold or old jewelry. And if you choose to do
business with Belle Roche Estate Jewelry Buyers, rest
assured your transaction will be done in privacy, with
the highest possible price paid! Visit them on line at
www.bellerochejewelry.com for more information.
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