Estimating the Value of your Old Scarp Gold

Selling your old cash for gold is a great way to earn some additional money. One problem many people may have, however, is concern that they might get ripped off. Before starting the whole cash for gold process, it is worthwhile to understand a little more about gold and its value.
Gold jewelry is usually not manufactured from pure gold. The symbols seen on jewelry are 10k, 14k, 18k, and on rare occasion, 24k. The k stands for karat, which means the purity of the gold. 24 karats is pure gold, but is rarely used. Gold is a soft metal and is usually mixed with zinc silver and copper. The higher the gold content, the higher karat rating it will receive. Pricey jewelry is usually manufactured using 18k gold. As the quality of the jewelry diminishes, the gold will be either 14k or even 10k. To know the gold content of your jewelry, simply look at the inside of a ring or bracelet, or the back of a pendant, brooch, or earrings, and you will see a little 10k, 14k, 18k, or 24k inscribed.
Once you know the gold content of your jewelry, web sites like kitco.com can offer a wealth of information about the current price of gold per ounce, and a host of other useful data you are ready to start shopping to sell your gold and find a buyer that offers the best price. Being educated about the business of gold will get you more money when you are selling your gold and prevent any con artists from holding back money which should rightfully be yours.