Organic Earrings
Published August 18, 2011 | 
Organic is in!
These earrings are made from organic material. Can you guess what they are?
They are extremely light weight, but very strong.
They have be given a 22K gold leaf covering.
Leverback earwires are 14K gold.
Posted in Earrings, Jewelry | 
earrings, light weight earrings, organic, original design | 
Leave a commentSelling Your Gold Jewelry
Published August 18, 2011 | There has been an enormous rise in the price of gold over the last few years as can be seen here and by scrolling down to the box labelled “MULTI YEAR GOLD” (check the years 2000 to 2011.)
At a time when the economy is especially tough, many people are tempted to cash in their old jewelry. If you’re one of those people, what do you need to know about the process and its pros and cons? What kind of return can you expect?
A lot depends on what kind of jewelry you have. If you have diamond jewelry made by famous designers like Bulgari or Cartier that’s one thing. If you have a collection of small silver items that you’ve acquired over the years, that’s another.
To simplify the discussion, let’s focus on the scrap value of gold jewelry for the metal alone, disregarding any gemstones or special features. For this example, we assume a collection of solid gold 14K jewelry that weighs 5 ounces (100 pennyweights.)
To find out how much this amount of jewelry would bring from buyers on the internet, I did a search for “selling jewelry” and came up with a host of prospective buyers. Many of them did not post what they pay, but some did. On this date, August 16, 2011, the price paid for 14K gold (up to 5 ounces) was $28.19 per pennyweight at justsellgold and $29.07 at expressgoldcash. Multiplying by 100 (the number of pennyweights) means that you would receive $2,819 at one place and $2,907 at the other.
That sounds like a lot of money for a pile of old gold jewelry that is just collecting dust, but let’s calculate how much pure gold (24K) is in 5 ounces of 14K gold. A previous post showed how to make this calculation: multiply .583 times 5 to find 2.915, the ounces of pure gold in 5 ounces of 14K gold. Now multiply that times the price of gold which at the moment of this post is $1783.00 to find that your 5 ounces of 14K jewelry has $5197.45 worth of pure gold in it.
Isn’t there a way to get a better return? Fortunately, there is, but you have to know where to look because a lot of refiners are not accepting scrap from individuals. I checked with Rio Grande, a jeweler’s supply company where I have had an account for many years, and found that they pay $3379.14 in cash for the same 100 pennyweights of 14K scrap that expressgoldcash offered $1694.78 for. That’s quite a difference, but it’s still a long way from $5197.45.
Searching for scrap gold offerings on Ebay reveals an interesting thing: many of the items listed as scrap gold are priced slightly higher than the gold content market price. I suspect it’s because a lot of potential buyers don’t realize that 14K gold has only 58.3 percent actual gold content, but I can’t be sure. Whatever the case, selling your items on Ebay might be a way to get the best price for your jewelry. Apparently it works for others. And maybe list it on Craigs list as well.
Another point to keep in mind is that gold is a highly volatile commodity, meaning that its price can go up or down quickly and markedly. A lot of people who thought it was a good idea to cash in their jewelry last year might regret it now that the price is nearly double. On the other hand, the price could go down to below what they sold for (but not likely.) A lot depends on how much you need the cash, but don’t jump at the first offer.
There is one final option I can mention: if you are interested to have Ricco make something new from your old metal, I am available for commissions and it’s possible to pay for the services in gold as well. Details would have to be discussed, obviously. Contact me if this idea is of interest to you or if you have further questions relating to this post.
Posted in gold, Info, Jewelry, Tips and Suggestions | how to sell gold, options for selling gold, scrap gold, selling gold | Leave a commentCarats, Karats, and Carrots
Published August 15, 2011 | Carat is a measure of weight for precious stones, like diamonds.
Karat is a measure of gold purity.
Carrot is something you eat.
They are all pronounced the same way, but they mean different things.
What is a carat?
Carat is a weight measure used for precious stones. There are five carats in a gram, so each carat is two tenths of a gram. A five carat diamond weighs about the same as a one dollar bill. Diamond weight is sometimes expressed in “points.” One hundred points is one carat, 10 points is a tenth of a carat, and so on.
What is a karat?
Karat is a measure of gold content. 24 Karat gold is pure gold. 12 Karat gold is an alloy , meaning that half the metal is pure gold and half is some other metal (usually a mix of silver and copper and smaller amounts of other metals). 18 Karat gold is 18/24 or three-fourths pure gold with the other fourth made up of other metals. An alloy is a mix of metals.
To find the percentage of pure gold in a piece marked in karats, divide the karat number by 24. Thus, 14K is 14/24 = .583 pure gold, .417 something else. A 14K piece has 58.3% gold in it. The rest is something else, such as silver, copper, nickel, zinc, etc.
To find the weight of pure gold is in a piece of jewelry, weigh the piece and multiply by the fraction of purity indicated by the karat mark. For example, a ring that is marked 14K weighs 30 grams, so the gold content is .583 times 30 = 17.5 grams gold, with the rest something else.
To find out how much that is worth on the gold market, go to www.kitco.com and find the current value.. Today, August 15, 2011, gold is 1739 dollars per ounce. One ounce (troy weight, see below) = 31.1 grams. Using the example above where you found the weight of gold to be 17.5 grams, divide 17.5 by 31.1 to find the fraction of an ounce that represents. Thus, 17.5 divided by 31.1 = .562 ounces. Multiply that number by the gold price to find the market value of the gold in the piece: .562 times 1739 = 977.32 dollars.
Troy weight is is used for precious metals like gold. Avoirdupois weight is for carrots. One ounce troy = 31.1 grams. One ounce avoirdupois = 28.35 grams. There are 12 troy ounces in a troy pound. There are 16 avoirdupois ounces in an avoirdupois pound. Although you can see that there are different definitions of an ounce, a gram is a gram is a gram. One thousand grams is always a kilogram. One kilogram is approximately 2.7 pounds troy and 2.2 pounds avoirdupois.
Another common weight unit for gold is the pennyweight: there are 20 pennyweights in a troy ounce, so 20 pennyweights (abbreviated dwts) equals 31.1 grams. Divide 31.1 by 20 to find grams per pennyweight (1.55 gm per dwt) or 20 by 31.1 to find pennyweights per gram (.643 dwt per gm). Pennyweights are not used for silver, but they are for platinum and palladium (as well as gold.)
Stamping: By law, items made with precious metals (like gold, silver, platinum) must have a karat mark, made by a special stamp. Karat stamps can be bought by anyone at a supplier of jewelry tools such as Rio Grande. They can be used to stamp any kind of metal, so just because something has a karat mark doesn’t mean that it is necessarily what the mark indicates. By law, the mark has to be accompanied by another mark, indicating who made the item, so you know who to blame if there is a discrepancy. Even so, there have been cases of “skimming” or “underkarating,” especially by foreign suppliers since their items are rarely tested for gold content. The basic rule is to know your supplier. In that area, the best bets are small producers — independent artists — like me.
Types of Gold:
When you’re considering a purchase of gold jewelry, it’s easy to get confused by the many descriptions that include the word “gold.” Here’s what the most common phrases actually mean:
Gold Filled, also called Gold Overlay, refers to a layer of at least 10-karat gold that has been permanently bonded by heat and pressure to one or more surfaces of the underlying metal (such as brass) then rolled or drawn to a prescribed thickness. The karat gold weight must be at least 1/ 10 of the total weight. This type of gold might be stamped 1/10 10K GF.
Gold Leaf is usually pure gold metal that has been pounded into paper thin sheets.
Gold Colors:
Pure gold has a characteristic color that is unmistakable and unlike anything else. When alloyed, gold can take on a number of colors, including: white, pink, green, and even purple.
Yellow gold is gold alloyed with varying percentages of silver and copper plus smaller amounts of other elemental metals like zinc, at times. It is the most frequently used type of gold.
White gold is alloyed with a large percentage of silver, or a selection of other white metals, typically nickel. White gold is highly reflective and does not tarnish. The ancient term for it was Electrum. Its use predates that of Palladium and Platinum. A relatively new white gold is made with alloys of palladium instead of nickel. Since some people are allergic to nickel, this is a welcome addition to the family of alloys. Ricco uses palladium white golds exclusively and never plates on top of them.
Rose gold is made by alloying gold with copper, a red metal, and silver. The more copper in the alloy, the redder the color.
Bronze and Feather Earrings
Published August 9, 2011 | This version has bronze tops and kyanite gemstone drops. Findings are 14K.
Original one-of-a-kind design $295.- (plus tax in West Virginia).
Earrings
Published August 6, 2011 |
Titanium and Feather earrings from Ricco
Here’s a new design. These are made from titanium and golden pheasant feathers with 14K earring findings. Very lightweight and easy to wear. One-of-a-kind original design. $250.- (plus tax in WV).
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