14K gold is not pure gold. Rather, 14K gold is an alloy of 58.3 parts pure gold (24K) combined with 41.7 parts other metals like copper and silver. The other metals add strength and color to the gold rendering it a better choice for everyday wear jewelry, but only the fine gold content in the piece has value to a refiner. To sell 14K gold jewelry, keep in mind only 58.3% of the piece is actually gold.
When 14K jewelry is sold to GoldFellow®, it is purchased as scrap gold to be melted and refined back to fine. GoldFellow® does not re-sell jewelry. The only value of 14K gold jewelry is the value of the fine gold (24K gold) contained in the piece – or 58.3% of the weight of the jewelry after it is melted, refined and the gold content recovered.
GoldFellow® makes it easy to estimate how much you will be paid for your 14K scrap gold. Simply weigh your 14K gold items together on a jewelry scale set to grams or pennyweights. If using a kitchen scale, set it to ounces and then multiply the ounces by 20 to determine approximately how many pennyweights of 14K gold you have. Then go to GoldFellow®’s “Gold Price” page and use the calculator tool to estimate the scrap value of your 14K gold. You can also peruse the photographs in GoldFellow®’s gold payments gallery and look for 14K items similar to those you have to get an idea of value. The gallery is organized by type of item so if you want to sell a class ring, you would look for 14K gold class rings similar to the one you have to sell.
References:
http://www.goldipedia.gold.org/ – World Gold Council
http://en.wikipedia.org/wiki/Gold – Gold
http://goldfellow.blogspot.com/ – Gold Selling Secrets Revealed