|
National Gold Market pays 70% of the New York Spot price for Your Gold and there are no minimums.
Spot is the Price of 24 Karat Gold. Our Price Chart breaks down the individual karat price in Grams, Pennyweights and Ounces. If you know the Karat and weight of your Gold simply use our Cash for Gold Calculator to see how much we will pay you for your Gold, Platinum and Silver.
Please keep in mind the approximate 30% amount we retain is not in profit, rather this percentage factors in to our ability to provide you this service, inaccuracies in gold content, the labor and machine cost in refining, and gold stock price fluctuations. For example, we still pay you for gold stamped 14k as 14 karat even though it may be 12k due to the original manufacturer cutting cost.
Understanding our Price Chart
The chart above shows the price breakdown for each karat of gold with three weight units: gram, pennyweight (DWT), and ounce. Ounces are measured in Troy Ounce which is equivalent to 31.104 grams. This is the unit of measure for all precious metals including what the NY Stock Market Spot Price is measured in for 1 oz of pure (.999 or 24k) Gold. 1 pennyweight is roughly equivalent to 1.5 grams, thats why this price looks higher than the gram price when in actuality it is the same.
| 1 troy ounce (oz t) | 31.104 gram (g) |
| 1 troy ounce (oz t) | 20 dwt pennyweights |
| 1 pennyweight (dwt) | = 1.555 gram (g) |
Jewelry Stamps
Most jewelry is manufactured with a stamp to indicate the content of gold also referred to as the purity or karat. Jewelry manufacturers in the United States and Italy use stamps such as 10k, 14k, or 18k. Asian, Middle Eastern and European manufactures stamp the actual percentage of gold, like 417, 585, and 916. Below is a basic chart with the most common purity stamps and their meanings to help you determine the gold content for your particular item.
| Metal | Stamp | % Pure | % Pure |
| 10 Karat Gold | 416 | 41.6% | Lowest karat legally marked as "Gold". |
| 14 Karat Gold | 586 | 58.3% | Most common. good value and strength. |
| 18 Karat Gold | 750 | 75.0% | Very popular for value and durability. |
| 22 Karat Gold | 916 | 91.6% | Sometimes used on jewelry overseas. |
| 24 Karat Gold | 999 | 99.9% | Much too soft to be used for jewelry. |
| Sterling Silver | 925 | 92.5% | Also: Sterling, STERLING SILVER |
| Platinum | 950 | 95.0% | Also: PLAT, PT, 900, 900PT, 950PT |
What we buy:
Any 24k, 22k, 18k, 14k, 12k, 10k GoldPlatinum Jewelry or Scrap Platinum
Gold Cufflinks
Gold or Platinum Chains
Gold or Platinum Necklaces and Bracelets
