Question/Answer: I am not sure about the weight but I am trying to save up money to buy a car so I would like to know how much I could get for this ring?? From Rob from Manchester, CT
Thanks for your question. Gold rings can range in their weight and purity/karat value. The rings that we see are normally about 0.5 to 1 ounces in weight. Since you mention that you have a gold fraternity ring, your ring may be on the heavier side, as men’s fraternity rings tend to be larger in size.
With the price of gold at *$1,642.60 USD/troy ounce right now, you may expect to received $400 – $880.00 for a 14 k gold ring weighting 0.5 to 1 ounces, however this will depend on the weight of gold and the purity of your gold ring.
Also keep in mind that many times class rings contain a gem. As precious metal refiners, we do not pay returns on gems or precious stones. Make sure that you remove any gems, diamonds or stones and do not include them in your precious metal weight.
Our payout schedule on gold depends on the purity and amount that you have. We could pay 80% of the gold value back to you if you have between 0.5 – 1ounce of fine gold.
See more posts about the value of gold jewelry here:
Value of a 14K Gold Ring
Silver & Gold Jewelry Refining
*Images displayed are only a representation of the items described in this blog post and may not be true images of the items in question.
*This price may not reflect the current price of silver when this blog entry was posted. The output from the calculator is not a confirmation of the purchase price from Arch Enterprises.
While we are happy to give estimates on precious metal items, we are NOT antiques dealers, researchers, or retail sellers. As a precious metal refiner, we only consider the weight and amount of precious metal available to extract during the smelting and refining process.
I also think around can be $500 perfect for the ring. But the most important is to choose the place where you are going to sell your gold scrap or sell scrap platinum. Beware of scams. ARCH Enterprises should be a good choice to sell your ring as it has got good customer review.
Great post! Been reading a lot about selling my jewelry. Thanks for writing this!
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