What's a fair price to get for unwanted Gold Jewelry?

Was talking with the wife and realized we have gold jewelry that hasn't been worn in years.  Price of gold is sitting at around $1,100 an ounce, so it may be time to unload this stuff but I don't want to get ripped off.

Example: Solid 14k yellow gold Figaro necklace w/ large 14k lobster claw clasp weighing 18.6 grams total weight.

What would be a fair price to get paid for this particular piece?

Is there a set price per gram you can expect to be paid for solid gold, and if there is, how much for 10k, 14k, 18k, 24k is a fair price?

the only way to get a fair price is to have a friend in the industry.  if you live in CT, i can suggest Iannelli Diamonds in the Diamond District of Manhattan (47th Street).  i'm not positive that they buy gold though. 

Literally though, if you go to buy quality jewelry, i'm not talking about Jared's here, you need to know the person you're buying from or they WILL rip you off.  that's the way the industry is.  So i imagine it is the same if you're selling it.  Ask your friends/family if they know a jeweler, and start there. 

You can find sites online to see the current value, but I can tell you that you will not get the going rates. Typically, the places that purchase gold from people like you and me, will give you about 50% of the value. They assume that you need cash bad and that is why you are selling. You would be better off selling it on Ebay or Craigslist in order to get the fair value.

Here is an example from an online company:

https://www.goldfellow.com/gold-prices.aspx

(spot) today = 1120.10 divided by 31.1(troy ounce) = 36.016 x .585(14k gold) = $21.06 a gram(what the refiner can pay at no profit.  

If you want to sell to an idv.  The 21.06 is what the refiner will pay that buyer.(If he/she has a direct connection)   So you as a whacky lib/seller can then decide how much profit your buyer should/will make.    When i sell, i think $3 bucks a gram is fair. 

10k = .417

14K= .585

18K= .750

22k = .916

24k= .999

 

Your kinda like your evil corporations in this scenario.   How much money is to much.......   How greedy do you wanna get

thanks fellas

So that example I used in post #1 (solid 14k necklace that weighs 18.6 grams) should fetch around $400 from a local buyer and maybe a bit more if I put it on ebay.

Don't want to be greedy, just want a fair price and not get screwed.

Wife and I are getting tired of Foxwoods Casino and need a change of scenery.  I'm thinking I could sell about six of these gold pieces, net a quick $2K, and finance a nice little three day Atlantic City excursion.
This could be the start of something big.

Based on your calculation above, you are expecting to receive above spot for scrap gold.  Not to burst your bubble, but that just is not going to happen. If you are able to find a buyer at that price, please by all mean share as I would love to sell at that price

If you look at past auctions on ebay, you will see that getting $20 per gram of 14K means you have done extremely well.  Unfortunately, that is misleading as ebay fees will cut into that substantially.  9% or $50 of final value +2.9% if buyer pays using paypal. 

My local coin guy pays about $16 per gram.  Unless you sell in one large lot (taking the $50 ebay fee as opposed to 9% of smaller lots) and unless you have lots of feedback, particularly from selling gold or large dollar items, I think you will have a hard time netting much more than that on ebay.

 

From my experience, unless you are selling large amounts of scrap to a refiner, (much more than 2-3 ounces of 14K) you will not get close to that amount.  If you know of a refiner paying out that much for smaller amounts, please share as that would be very helpful information

DONT SEnd it to cash for gold or any mail in place. just seen a piece online where a guy mailed in 15 pieces of gold, they sent him a check for 15 cents after they melted everything down. he got 60 minutes of something on them and the guy,a big guido says they only recieve 1 earring. but they ended up cutting him a check for 150bucks in the end but made no admission to robbing people

Coin dealers are best place to go. They deal directly with refineries. In many cases they ARE the refinery, less middle men then a jeweler, pawn shop etc et

Coin shops are the best.

I have taken gold jewelry to a local coin shop and they buy the gold from me for whatever the price of gold is that day. I sold a couple of gold rings to them , the pieces were 14k and they were going for 17.5 dollars per gram of 14k that day and they both weighed 8 grams. I received $275 dollars for them. Pretty close to full price.

That Shyster lawyer putting the screws to you eh Goose!?

Corporate lawyer Fukks 

where are you going to get the melt value of your gold ? Everywhere i have gone its always been a cheaper asking price except i had silver coins. The real price is always at least  melt value at the refiner. Every thing above melt value is negotiable anybody who is asking you for less than melt value is ripping you off.

2k to go to a casino in atlantic city with you and the wife is too rich for my blood. I would think of more entertaining things i could spend with 2k besides spending it on a casino. Keep it under a $1000 and buy something nice or better yet go to the magic kingdom in orlando fla and spend the whole 2k. you will have more fun.