# Calculate Jewelry Value

Do you have jewelry, or other precious metal items you wish to sell? Take some time to do your homework. The more you educate yourself about what you can expect to be paid, the less likely you are to be underpaid. We buy gold, silver, platinum, jewelry, silverware, and more. Check our full list of what we buy on the What We Buy page.

## Determine approximately how much your jewelry is worth with just a few easy steps:

Jewelry value is based on weight and karat. Determine the weight of your jewelry piece using a scale that measures in grams (or, convert the weight to grams using an online conversion tool). While this might seem tedious, it is extremely important to know exactly what the total weight of an item is before trying to sell it to a dealer or third party.

Step 2: Find Current Spot Price
Find the price of gold/silver/platinum per troy ounce using our “Daily Spot Prices” feature on our home page. A troy ounce equals 31.1 grams. Divide the spot metal price by 31.1 to determine the base price per gram.

Step 3: Do you know your Karat?
The karat of your gold will also be a determining factor in its value. The higher the karat, the more you will be paid per gram. If you do not know the Karat, you can bring it in and we can test it for you right on the counter.

Step 4: Calculate Value
Once you know the weight of your item, the karat of your item, the daily spot prices, you are ready to make your final value calculation. You will multiply the weight in grams by the karat factor (10 karat = .417, 14 karat = .583, 18 karat = .750, and 21 karat = .875). There is often solder and other material present in jewelry, which can affect the purity. In addition, by law, all jewelry stamped with a karat stamp is legally 1/2 karat less than stamped. Take your new figure and divide by 31.1. This figure will then be multiplied by a percentage factor, depending on what precious metal and type of item you have (typically between 75% – 100%). That figure is then multiplied by the spot market metal price for the day.