GOLD RUSH AT JULEE'S JEWELRY
By Julee on 04/16/08
How do you know when to trade in
your gold for cash?
Over the past year gold has gone from the $650 range to surpassing the $1000 mark. Picking the exact day can be anyone’s guess, but with gold at these values, the appeal is certainly there.
Here in St. Peter, MN there’s been a gold rush at Julee’s Jewelry. Many are opting to bring in their jewelry for an estimate of it’s gold worth. If you don’t wear some of your jewelry, you’re losing money on it, especially if the jewelry is unwearable such as a broken chain or a single earring.
How is the cash value of the gold derived?
1) Julee will determine the actual gold content in a piece of
jewelry with a jeweler’s professional gold testing kit.
For example 18k, 14k or 10k. All jewelry made in the
United States after 1898 has to be stamped with the
number of karats , but gold made elsewhere must be
tested, especially not unstamped.
2) Next the gold jewelry is weighed to determine it’s weight.
Most jewelry brought in is measured in pennyweight.
* one ounce = 20 pennyweight or dwt. *
3) Using the percentage of pure gold and the current
market value, Julee will determine what price to offer for
the actual gold content in your jewelry.
your gold for cash?
Over the past year gold has gone from the $650 range to surpassing the $1000 mark. Picking the exact day can be anyone’s guess, but with gold at these values, the appeal is certainly there.
Here in St. Peter, MN there’s been a gold rush at Julee’s Jewelry. Many are opting to bring in their jewelry for an estimate of it’s gold worth. If you don’t wear some of your jewelry, you’re losing money on it, especially if the jewelry is unwearable such as a broken chain or a single earring.
How is the cash value of the gold derived?
1) Julee will determine the actual gold content in a piece of
jewelry with a jeweler’s professional gold testing kit.
For example 18k, 14k or 10k. All jewelry made in the
United States after 1898 has to be stamped with the
number of karats , but gold made elsewhere must be
tested, especially not unstamped.
2) Next the gold jewelry is weighed to determine it’s weight.
Most jewelry brought in is measured in pennyweight.
* one ounce = 20 pennyweight or dwt. *
3) Using the percentage of pure gold and the current
market value, Julee will determine what price to offer for
the actual gold content in your jewelry.