|Gold Ask: $2031.75 as of February 28, 2024
|Our Buy Prices in DWT
Our promise to our customers:
At Xenia coin we have built a reputation on providing fair and honest pricing to our customers when assisting with the purchase of their gold items. We believe our customers should feel they are making an informed decision and we look to make the transaction as transparent as possible. Although scrap buyers can pay the customer any price they wish – we want our customers to know that they are getting the best value for their transaction.
If you have any questions or need further clarification on this process, please do not hesitate to ask.
What is the process of selling used jewelry and scrap items?
The process of selling your pieces is a simple one, that first starts with determining the purity of the item.
The amount of gold, other wise known as the ‘purity’ in jewelry is measured in karats. A karat is equitable to 1/24th of gold which means that any item marked 24 karats (or 24k) is considered pure gold.
Pure gold is an extremely soft metal and is not practical to fabricate jewelry from as the jewelry would become easily damaged. Other harder metals such as copper are added to gold jewelry to give the piece enough durability to be worn day-to-day while resisting scratches, bending, and general wear. Common blends, or alloys, of gold used in jewelry are:
Genuine gold jewelry is almost always marked with its karat value (ex: 14k) somewhere on the piece. You can look for this mark on the inside of a ring or near the clasp of a necklace for instance. If you cannot find a mark, it’s likely not gold.
When selling your unwanted or damaged gold jewelry to us, we must first determine the amount of actual gold in the jewelry. We use various methods including the use of a magnet to detect plated material, as well as dropping various strengths of acid on the piece to determine the purity, and therefore the karat.
Once the purity has been determined Ohio state law requires this item to be weighed in the seller’s presence on a state certified scale. Above you will find our current posted prices that Xenia Coins pays per troy ounce (or pennyweight) per each of the various karats.
The last step is simply to multiply the weight of the item by the price paid per gram (or pennyweight) for the corresponding karat.