Best Place To Sell Gold Jewelry

Our company will make the selling your gold process a comfortable and hassle free transaction. One of our on site jewelry appraisers will carefully test each piece to determine the karat whether its 10k, 14k, 18k, 22k or 24 karat. Then, we will weigh all pieces according to karat and value the gold price today according to the gold spot price. We are able to pay a higher price than our competitors because we refine the gold ourselves. This cuts out the middleman allowing us to pay you more money. Sell your gold in Los Angeles today for immediate cash. We a licensed, bonded and insured. So, if you are looking for a cash for gold buyer near me location, please call or visit us today and sell jewelry to a trusted established business. We also buy sterling silver, gold coins, silver coins, designer jewelry,and all model Rolex watches.

Sell Your Gold Scrap and Dental Scrap

The definition of “scrap gold” refers to gold jewelry that is bought as scrap by weight to be melted and recycled into pure gold for resale. The gold value is high enough to offset the cost to recycle and refine it. Making the process worth it. Some items that we buy must contain gold regardless of the condition. The current gold market is high and we buy anything containing gold such as gold chains, coins, school rings, pendants, charms & charm bracelets, rings, gold watches, dental gold, pins, gold ingots, bars, etc. We pay cash for gold no matter what karat or color the gold is. We buy 9 Karat gold, 10 karat gold, 14 karat gold, 18 karat gold, 22 karat gold, and 24 karat gold. Cash paid for any gold jewelry , rose gold, white gold, yellow gold, green gold, any color its all gold and we buy it. Don’t hesitate to sell your gold if you are unsure of the karat or if it is even gold. Let gold buyers of Los Angeles near you make the call. The cash for gold buyers at South Bay Coin will evaluate your pieces and be sure you get the best price for your gold jewelry. If you are not wearing your jewelry, sell your gold for cash today.

How Scrap is Weighed and Measured

Scrap gold is sold by the weight in troy ounces (1 troy ounce equals 31.1 grams or 20 pennyweight (dwt) a common measurement of how gold is weighed). Explaining it further 1 pennyweight (1 dwt) is equal to 1.55 grams. 1 gram equals .64 pennyweight, 20 pennyweights of gold equals 1 troy ounce. What the purity of scrap gold is will tell you what percentage is made up of real gold and how much other metals contained in piece. For example a 14 karat wedding band contains 58.3% of pure gold (14 divided by 24). An easy way to calculate the purity and karat is to take the karat number of the jewelry item and divide by 24 (24 karat gold). Another example would be an item that is 18 karat (18k) just take (18 divided by 24). Answer 75% of the piece is pure gold. The price of gold today is at all time highs so take advantage of the gold market using our gold jewelry exchange and cash for gold service.

Cash For Gold Misunderstanding

You will receive the amount you paid for the jewelry in the retail store.
Gold buyers do not take into account the jewelry design and only are interested in determining the metal content and the purity of the gold. The reason for this is that the jewelry store has marked it up to cover their operating cost and to make a profit. Commonly the markup on jewelry is 3-5 times the value of the gold jewelry or even more in some cases. We are the only company who inspects each piece of gold jewelry we receive and determine if we can resell the item for more than scrap value. If that is the case we will pay more than the actual gold value.

The second most common reason people are confused about is gold watches.
When you are looking for the best place to sell a gold watch or are searching sell my watch for best price. To sell a gold watch near me remember this your watch may be 14k gold with a total weight of 3 ounces and will not equal to your watch equaling 3 ounces of gold. The gold watch has a movement that takes up weight some being thin and some being thick adding to the total weight of the watch. A deduction needs to be made for the movement or it has to be taken apart with your approval to properly evaluate and get the gold value.

If you are searching “who buys gold” or “who buys gold in Los Angeles”? Call us at (310) 363-7808. Our team has many years of gold buying experience and thanks to our reputation as the most trusted and best place to sell gold over the last 4 decades. We are able to go a step further again to pay you the most money for your gold. Making the move to refine the gold ourselves has eliminated the middleman. When it comes to extracting gold and passing the added bonus to our customers. South Bay Coin makes it easy and profitable when your looking “where to sell my gold” Get cash for gold near me today. Be confident in selling your gold jewelry for cash to South Bay Coin and rest assured your cash for gold experience will be fast, professional, profitable, and confidential transaction.

How To Test Gold At Home

Precious metals such as gold are manufactured in different karats of gold and colors such as yellow gold, white gold, rose gold and green gold. The gold value or precious metal value is determined on whether the piece of jewelry is plated, gold filled or real gold. Begin by inspecting the piece closely to see if it has any discoloration or worn spots that shows another color under the gold or fading.

Helpful Hints:
Step 1. Look for a Stamp.
A stamp maybe very small is usually located on the inside of the ring or on the clasp on a necklace or bracelet. A simple magnifying glass will help you to identify the mark more clearly. Examples of jewelry that is not real or fake use stamps that say GF which is gold filled, GP gold plated, HGE Heavy gold electroplated. Real gold jewelry in most cases are stamped 10k (.417), 14k (.585), 18k (.750), 22k (.916) or 24K.

Step 2. The Magnet Test.
Real gold is not magnetic, so if the piece of jewelry attaches to the magnet it is not real gold.

Step 3. Using a Ceramic Plate To Test Gold
Simply scrape the ring or piece of jewelry against the plate leaving a line. If the line appears black item is not real gold and is plated or not real.
Our goal is to provide our customers with useful information that will help them best sell gold. The only way to be sure of the gold purity of an item is to have it tested by a professional who has the proper testing solutions or equipment. South Bay Coin will gladly test your items for free and will always be the best place to sell gold. Our gold buying company prides itself in offering and paying the highest cash prices possible in the business when it is time for you to sell gold near me. You will no longer be asking yourself, “where can I sell my gold for best price”? So call South Bay Coin at (310) 363-7808 where we make it easy and convenient to sell your gold jewelry.

Gold Buying Pricing Chart

Gold market prices are based on the New York spot price of gold. The daily gold price is for 24k or pure gold only. Most jewelry is manufactured with a stamp somewhere on the piece of jewelry which shows the gold content or purity or karat. United States and Italy commonly use stamps such as 10K, 14k, 18k. European, Asian and Middle Eastern manufacturers stamp the percentage of gold content on the piece. An example would be a stamp like 417, 585, and 916 stamped on the jewelry. The price breakdown of each karat of gold and how to get the price is determined by the weight of the gold and is measured using grams, pennyweight (dwt), and ounces. At South Bay Gold and Coin Buyers we want to explain how the process works when selling your gold jewelry or used jewelry. When you are looking to sell gold for the best price look to the experts. We buy gold, silver, and platinum for immediate cash. Selling gold to a pawn shop or to pawn gold jewelry will not get you the best price. Their main business is to loan money on jewelry and since the loan is for 4 months they loan half of the gold value or jewelry value. Pawn shops adjust their prices to resell the items where we pay cash for the gold and refine it ourselves. This helps us to pay more. So if you’re looking for fast cash for gold call or visit us today for a free no-obligation quote. Call (310) 363-7808 and we will assist you with any question you may have. We are rated the number one gold buyer in Los Angeles.

Different Types of Gold Filled and Gold Plated Jewelry

There are many types of jewelry sold today by jewelry manufactures and it can be confusing when you are trying to buy or choose gold jewelry to wear. These companies have become experts at depositing extremely thin layers or coatings of gold onto other metals making them have the appearance of real gold jewelry without the high cost. More recently, jewelry manufactures have applied a thicker gold plating to their gold filled jewelry, trophies, plaques, metals, and gold filled eyeglass frames to have more durability and to last longer. Here is a summary explaining the difference between each type of gold filled and gold plated jewelry.

Gold Filled Jewelry

Gold filled items such as rings, pins, chains, cufflinks, label pins, gold watches, gold pocket watches and eyeglass frames usually contain more gold than gold plated items and are more valuable and worth more because the gold value in it is higher in gold purity . The thin layer of gold consists of a minimum of at least 1/20^th percent of the total gold weight and is usually 14k gold. The best way to determine one from another is to have them examined or tested by South Bay Coin Gold Buyers. Our company can accurately determine the value and also test to be sure your items are gold filled and not gold. Most gold filled items have a higher resistance to tarnishing. Your items may be real gold so don’t hesitate to take them in or mail in to check if they are real gold. Many customers who assumed that their gold jewelry was fake or gold filled and had no value walked out with money because it was real gold. When your dealing with a trusted gold dealer, when it’s gold we will buy it and pay you for it. Why not sell your gold filled jewelry for cash? We will buy gold filled jewelry and are the only gold buyer who buys it. If your jewelry is yellow in color let us determine the gold value and gold price for you. As always there is no charge for the jewelry appraisal. Please note that many used pocket watches are made of real gold as well as gold filled and some are extremely rare and collectable. Let us do a free evaluation for you to check if your gold and silver pieces are real or fake.

Gold Plated Jewelry

Gold plated jewelry (GP) contains a thinner layer of gold layered on the surface and is made of base metal (usually copper or brass) to create gold plated jewelry items. The layer is 0.05% actual gold content or less. Some gold plated jewelry items are gold chains, rings, bracelets, and earrings. Some gold plated jewelry has the lowest cost and will not sustain its color and will tarnish eventually. It has also been commonly known to irritate the skin. Real gold jewelry will not corrode and will last forever. Brass and copper will fade especially when having contact with lotions, perfumes, and everyday sweat. Gold plated jewelry is great for a special occasion and is usually used for high fashion jewelry or costume jewelry. South Bay Coin is the most trusted gold buyer and our main objective is for our clients to use our service to freely evaluate their jewelry pieces to see if it is real gold and holds any gold value. Feel free to bring in anything you have that is gold or silver in color or visit us at 16916 Hawthorne Blvd, Lawndale, CA 90260 or call (310) 363-7808 if you have any questions.