A precious and timeless metal, people have spent decades mining for gold from California to Michigan, looking to strike it rich. Gold has been valued by civilizations for thousands of years and has been used for everything from currency to jewelry. Nowadays, there are many options for the potential buyer on the market: 10k, 14k, 24k, and other concentrations. What if you have gold you want to sell? How can you tell what’s most valuable and what will bring you the most profit?
Not all gold is made the same. 24k is 99% to 100% pure gold, without any other metals mixed in. It’s the most expensive and the most valuable. However, it is extremely rare to find and can’t be used for much because of the soft and sensitive quality of pure gold. It’s worth somewhere between 40-45 dollars per gram.
Sometimes you may find 22k gold, which is mixed with other metals to make it slightly more durable. This mixture still has a high concentration of gold and is quite valuable. It is usually mixed with small amounts of zinc, copper, and silver.
18k gold is much more traditional than the previous two options. It’s used in a lot of jewelry and still fetches a high price. It’s made up of about 3/4 of gold and is worth $30-33 per gram. It has larger concentrations of other metals, depending on the color. This gold comes in a variety of shades depending on the metal alloys it is mixed with. It can be green, white, or even pink!
On the lower end of the scale are concentrations such as 10 and 14k gold. These are still quite beautiful and have a brighter color than some of the higher karats because of the mixture of other alloys. These will usually fetch about $15-17 and $20-25 per gram, respectively. While these concentrations may be worth slightly less, they are no less beautiful and eye-catching.
Timeless and valuable, gold often catches high prices when it is sold. Among the most timeless of materials, it will no doubt be cherished for centuries to come.