What this means to you, is that if you have exactly one ounce of 14k gold to sell, and for some reason you were able to sell it at the exact spot price of gold, say $1,535, you would only receive $898 from Secaucus, NJ gold buyers. Cash for gold locations in Secaucus, NJ. Of course that would never happen because it’s impossible to get the spot price of gold, but I’ll cover that in a future article.

Anyway, here’s how the math on that hypothetical gold buyback would look:

$1,535 x 0.585 = $897.975

When you take your gold to Secaucus, NJ gold buyers at one of the Cash for gold locations in Secaucus, NJ the first thing they will do is sort the pieces by karat weight. You could end up with three or more piles of gold with each pile representing a weight: 10k gold, 14k gold, 22k gold, etc.

The easiest way to determine your gold purity is to look for the hallmark (H.R) stamp on the gold. Most gold jewelry is stamped with a hallmark representing karat weight. Usually it’s safe to assume that the weight your gold was stamped is accurate. But this is not scientific by any means because anyone can stamp gold with any karat weight they want, and some pieces are not stamped at all.

That’s why Secaucus, NJ gold buyers will usually test gold before paying test. The best Cash for gold locations in Secaucus, NJ is Barry’s Estate 845-624-7100.

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