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Treasure in the Attic: Time to look at selling old jewelry

September 5, 2011
The Marietta Times

Have any old gold jewelry that you would like to turn into cash? Now is the time to sell it with gold reaching a high of $1,908 an ounce. Anything marked 10-karat means that it has 42 percent gold content and 58 percent other metals. 14-karat gold is actually 58 percent pure gold and about 75 percent of the content of 18-karat jewelery is gold. Therefore, a 14-karat gold ring that weighed about an ounce would be worth $1,106.64 or 58 percent of $1,908 the current market value, from there, a seller could expect to receive an offer of around 60 percent to 80 percent for the ring.



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