Fort Worth Jewelry Buyers

Gold prices remain strong, and now may be an excellent time to clear out your jewelry box and sell the old, outdated jewelry you no longer wear for cash. When you visit a gold buyer in the Fort Worth area to sell your silver and gold jewelry, keep these important tips in mind:

One of the most critical factors that determines how much you’re paid for your gold jewelry is its weight. The precious metals market (including jewelers, coin dealers, and gold buyers) uses a standard measurement called a Troy ounce. U.S. scales will measure 28 grams per “regular” English ounce, while gold is estimated at 31.1 grams per Troy ounce.

Dealers may also use a system of weights called pennyweight (dwt) to measure a Troy ounce (20 dwt = 1 toz), while others will use grams. A pennyweight equals 1.555 grams. Be cautious, though, because some dealers weigh your gold by pennyweight but pay you by the gram, which is a sneaky way to give you less money for more weight.

Pure gold is generally too soft to be used by itself, so it’s combined with other metals to add durability and color. The Federal Trade Commission (FTC) requires that all jewelry sold in the U.S. describe the karat fineness of the alloy. One karat equals 1/24 of pure gold by weight. So 14 karats would mean the jewelry is 14 parts gold and 10 parts other metals.

Jewelry cannot be legally labeled as “gold jewelry” if it’s under 10 karats. That’s why it’s so important to know the karats of your gold when deciding on the scrap value of your jewelry. The higher the karat, the purer the gold, and the more money you’ll get for it.

Be sure to keep jewelry of different karat values weighed separately. Some dealers will weigh everything together and then pay you at the lowest karat value.

At Dallas Valley Goldmine, we strive to ensure your complete satisfaction with your appointment. Some clients prefer to keep their stones and just sell the metal in their jewelry. We are required by law to report and hold all purchases for 10 days. At the end of the holding period, we will remove the stones and return them to you free of charge.