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Gold prices are currently high, making it an excellent time to sell your broken jewelry and other scrap gold. However, you might have a hard time knowing whether or not you’re getting a fair price for your gold. Here’s a short guide to finding out how much scrap gold is worth and getting a good deal. When you trade cash for gold you are getting a great deal at the moment.

Scrap value is the minimum value that gold should be sold for - the value of the gold itself. Before you sell your old jewelry or other gold items at this price, think about whether or not you could be getting a better price. After all, there are a number of factors that could bring the price up.

Good workmanship could get you a price that’s less than retail, but higher than scrap. Likewise, something that’s antique or bears a maker’s mark may be worth more, as well as any piece with gems set into it. They all have value outside the transaction, and should be removed from any gold piece that is only worthwhile as scrap. Sell precious stones to another dealer.

Once you have determined that the piece has no other value than scrap, you’ll need to know what karat it is. This ranges from eight karat to twenty-four karat, and will tell you what percentage is truly gold. Twenty-four karat gold is nearly pure, and eighteen karat is about seventy-five percent pure.

Eight karat gold is found mostly in Europe, and is too low in purity to be recognized as having much value in the US. This material is about a third gold, and sometimes may tarnish. Nine karat is thirty-seven and a half percent gold, and is found mostly in the UK. The minimum US standard is ten karat, at about forty-one percent gold. This material is chosen for its hard wearing qualities, as it’s harder than pure gold.

Twelve karat gold is fifty percent pure. It’s rarely seen these days, but may be found in old watch cases. Fourteen karat gold is fifty-eight percent pure, common in the US, and is also made in Asia for markets overseas and in Russia. Fifteen karat gold is sixty-two percent pure, and a discontinued standard from countries in the UK. Since no fifteen karat pieces have been made since the mid-1930s, this mark tells you the piece may have antique value.

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“Citizen Watch Co., Ltd.” is a famous Japanese manufacturer of clockworks and wrist watches based in Tokyo (Japan). Citizen has been mainly founded as Shokosha Watch Research Institute in the year 1918. The business organization was built in 1924 when the first product, a small pocket watch named Citizen, was placed on the market. In 1930 the company assumed the name Citizen Watch Company, too. The founders once have been chosen the name Citizen because they tried to find a direct way to the peoples emotions. This is still nowadays the notion behind watches built by Citizen.

First watch with Eco-Drive - Models reaching from dress to athletics


For instance the first Japanese wrist watch including a wake-up-function was launched by Citizen in 1958. In the 1970ties Citizen developed the first quartz wrist watches with LCD display and later also the slightest LCD watch of all time. In the early 1990ties Citizen originated the premier series production of watchcases consisting of titanium. In addition to that, they designed the leadoff voice recognition watch which was another big milestone in their history. More than that that the firm was an outrider in evolving dive watches for professional use. A highlight was the included bathometer - no one else was able to offer a similar specific function. Additional, Citizen is celebrated for its Eco-Drive collection of light powered wrist watches. Fuelled only by light, it doesn’t need any batteries. Designs reaching from dress to athletics (e.g. professional dive watches), Citizen has a collection for everybody and every occasion. Find out more about Citizen watches

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