The Gold Guide

What is Gold and where does it come from? –  Pure gold, or AU on the periodic table, is metallic yellow in color. It is a dense, soft, shiny, malleable and ductile metal. Gold has been a valuable and highly sought-after precious metal for coinage, jewelry, and other arts since long before the beginning of history. Since the 1880s, South Africa has been the source for a large proportion of the world’s gold supply, with about 50% of all gold ever produced has come from there. In 2007 China (with 276 tons) overtook South Africa as the world’s largest gold producer, the first time since 1905 that South Africa has not been the largest.

Other major producers are the United States, Australia, Russia and Peru. Mines in South Dakota and Nevada supply two-thirds of gold used in the United States.

What is a Karat? –  Karat tells you what proportion of gold is mixed with the other metals. For example, 18 karat (18K) gold contains 18 parts of gold and 6 parts of metals. Therefore 14 karat (14K) gold is less valuable than 18 karat gold since it contains 14 parts of gold and 10 parts of other metals. The abbreviation of karat is K. or Kt. It is easy to confuse this term with carat described below in the gemstone guide.

What are the differences between 10k, 14k,18k and 24k Gold? –  24k gold is much too soft to be used for jewelry-making. So most gold jewelry is combined with some other metal to make it harder and more durable. The most common metals combined with gold are nickel, zinc, silver, copper, palladium and platinum. These composites of gold and another metal (called alloys) are where the different karats come into use. If 24k gold is 24/24 parts gold, then 18k gold is 18 parts gold, and 6 parts of some other metal. 14k gold is 14 parts gold, and 10 parts of some other metal, and so on.  24k gold is 100% pure, 18k gold is 75% pure, 14k gold is 58.3% pure, 10k gold is 41.6% pure

What are Alloys? –  In order to make gold jewelry that is durable and long lasting, gold is combined with other metals–called alloys–to make it stronger and change its color. Alloys add strength, but dilute the value of the gold and may cause jewelry items to eventually tarnish and/or cause allergic reactions. In an attempt to achieve the best balance between the strength of alloys and the valuable and desirable properties of gold, three different karat gold combinations have become standard: 18K, 14K, and 10K. All three of these karat golds are available in white gold or yellow gold. White gold alloys are typically stronger than yellow gold alloys, so a white gold ring will be slightly stronger and last a little longer than a yellow gold ring.

What are the differences between yellow gold and white gold? –  Yellow Gold is made by mixing pure gold with alloy metals such as copper and zinc. White Gold is a pale, almost silver-colored gold caused by nickel, zinc alloys.

What is Rose and Green Gold? –  Rose Gold has a slightly reddish hue, caused by copper alloys. Green Gold has a slight greenish hue that has been alloyed with a higher percentage of silver than copper.

What is Gold Plating? –  Gold plating refers to items that have a layer of gold placed to a base metal. Gold plating wears away with time exposing the metal underneath.

If I have old gold jewelry, is now a good time to sell it? What is the going rate per ounce? –  If you’ve checked gold prices, you know that gold is at a historical, all time high. There is no better time to sell than right now. Over the years, your jewelry box can become cluttered with pieces of old or worn out jewelry that you no longer wear. If you have old scrap gold in the form of broken, unworn or unwanted jewelry, bring it into any of our four locations and we will buy it from you and pay immediate cash in the form of an official check. We pay top dollar for 10k to 18k broken gold and silver jewelry items, a few of which are listed below. Items you might have lying around in your house may include: mismatched earrings, broken chains, broken bracelets, old earring backs, broken anklet chains, old ring mountings, old school rings, old gold charms, old gold watch cases and bracelets, out of fashion nugget style gold and more.We pay based on the current market value and these prices are updated daily.

I want to trade and old piece of gold jewelry in for a new one. Can you do this? –  If you are looking for a new piece of jewelry, you can trade your precious metals in towards a new purchase. Get double your cash value if you put your old gold towards a new purchase at any of the four Jewelry Warehouse locations!

Not sure if you want to sell or trade your gold? –  Just bring your gold or silver in and we’ll weigh it and tell you its value – at no charge – so you’re under no obligation. Most people are amazed at what they have once they’ve heard the value – many getting 4 or 5 times the value of what they thought they had. We are here to buy all of these items that you no longer wear or no longer want. Why let it gather dust when you could sell or trade the old jewelry and receive a cash payment or even a new piece of jewelry for your old gold items?

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