Gold caclulator app what do i select for gold i buy on ebay? 10k?

[davinci]

I downloaded a gold price calculator app. But it only lets me select 10k 14k and 24k. I'm new to this..my question is what do I select for raw gold flakes and pickers from eBay? 24k ?

 

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[Terry Soloman]

Raw gold is usually between 19k-22k. You'll have to calculate.

How to Calculate Gold Price By Karat & Weight
First, divide the karat (24; 18; 14; 10) by 24. Now multiply that number by today's gold price per gram. So, if you have a five-gram 10K gold ring, and the current price of gold is $1,600.00 per ounce - or $51.45 per gram ($1,600.00 divided by 31.1 grams), then your 10K gold ring is worth $21.44 per gram ($51.45 x .4167), or $107.20.
10k = 10/24 = .4167
14k = 14/24 = .5833
18k = 18/24 = .750
22k = 22/24 = .9167
If you have five- grams of 14K, and gold is $1,600.00 today, then $1,600 divided by 31.1 would equal $51.45. That figure, multiplied by .5833 (14K) comes out to $30.01 per gram. $30.01 x five- grams equals $150.05.
Some gold buyers use pennyweight (DWT) instead of grams. There are 20- pennyweights per troy ounce. Let’s say you want to sell your gold. You know it weighs 25 grams. You go to a pawn shop to see what they will pay, but they use pennyweights, not grams. Here's how to calculate the conversion: 25 grams of gold x 0.643 = 16.1 pennyweights.
Pennyweights to Grams............divide by 1.55517

Grams to Pennyweights............Multiply by 0.643

 

[Fullpan]

That's odd you don't have 18K function. It is a popular karat weight in jewelry. If I was buying raw gold on ebay, I would figure 18k for pricing.

 

[Jimmydolittle]

Is this the one you have? Precious Metal Calculator from Dendritics (Updated Version)

 

[Hoser John]

At LEAST half the gold on sleezebay is NOT real gold nuggets/pickers but man made trash or gold foil crumpled up(which is real usually) but unuseable without a melt as dissolves when touched. BUY face to face and have test needles with a gold test kit to PROVE what ya got. When dealing with gold ALWAYS err on the side a caution as a fool and his money are soooooooon parted-John PS-always meet in your bank for both parties protection,safe deposit box rooms rock or I have 2 banks that let me use their conference room also at times planned ahead.

 

[davinci]

Raw gold is usually between 19k-22k. You'll have to calculate. How to Calculate Gold Price By Karat & Weight First, divide the karat (24; 18; 14; 10) by 24. Now multiply that number by today's gold price per gram. So, if you have a five-gram 10K gold ring, and the current price of gold is $1,600.00 per ounce - or $51.45 per gram ($1,600.00 divided by 31.1 grams), then your 10K gold ring is worth $21.44 per gram ($51.45 x .4167), or $107.20. 10k = 10/24 = .4167 14k = 14/24 = .5833 18k = 18/24 = .750 22k = 22/24 = .9167 If you have five- grams of 14K, and gold is $1,600.00 today, then $1,600 divided by 31.1 would equal $51.45. That figure, multiplied by .5833 (14K) comes out to $30.01 per gram. $30.01 x five- grams equals $150.05. Some gold buyers use pennyweight (DWT) instead of grams. There are 20- pennyweights per troy ounce. Let’s say you want to sell your gold. You know it weighs 25 grams. You go to a pawn shop to see what they will pay, but they use pennyweights, not grams. Here's how to calculate the conversion: 25 grams of gold x 0.643 = 16.1 pennyweights. Pennyweights to Grams............divide by 1.55517 Grams to Pennyweights............Multiply by 0.643

Wow thank you so much for taking time to break that down for me! You rock!

 

[davinci]

At LEAST half the gold on sleezebay is NOT real gold nuggets/pickers but man made trash or gold foil crumpled up(which is real usually) but unuseable without a melt as dissolves when touched. BUY face to face and have test needles with a gold test kit to PROVE what ya got. When dealing with gold ALWAYS err on the side a caution as a fool and his money are soooooooon parted-John PS-always meet in your bank for both parties protection,safe deposit box rooms rock or I have 2 banks that let me use their conference room also at times planned ahead.

Good feedback! Good best practices! Thank you

 

[Fullpan]

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