If you have "broken" "Gold" to sell!!!!!! - Page 2 - Pensacola Fishing Forum

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Old 08-24-2011, 11:54 PM   #11
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Old 08-25-2011, 12:14 AM   #12
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Let's say 24 karat gold (pure) is selling at $100 per ounce. I have a 10 karat ring that weighs 1 ounce. That means it is worth 10/24 or $41.

I understand that there is melt down costs and handling fees, plus profit.

What is the going rate for 10 karat gold compared to 24 karat gold? Anything over 41% is mark up in melting, separating, handling and profit.

Just providing information and suggesting that a reputable local jeweler might offer more than a "gold broker"


Last edited by jim t; 08-25-2011 at 01:23 AM.
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