Do you have gold jewelry lying around and want to know how much your gold ring is worth? Is 14k gold worth anything? Is 18k gold worth more than 14k gold? This article provides you with insight into what your gold ring may be worth, and what you can expect to have a pawnshop pay for your gold ring.
The value of your gold ring will be dependent on factors such as gold content or karats, and gold weight.
How much is a 14k gold ring worth?
Is 14k gold worth anything? Yes it is. However you will not be able to sell your gold ring to a pawnshop or gold dealer for the same price as you bought it.
A typical woman’s gold ring weighs between 2-5 grams. 14K gold has a gold content of 58.3%, so there would be closer to 1.5-3.75 grams of gold in a typical woman’s gold ring. Whereas, a men’s 14K gold ring can weigh 10-12 grams, or 7.5- 9 grams of actual gold.
The weight of gold will obviously have a lot to do with the value of a 14K gold ring as you need to apply the gold spot price to how many grams of gold are in your ring.
At the time of writing, the price of gold is $58 USD per gram – see here for current spot price.
How much do pawn shops pay for 14k gold
So if you were to take your 14k gold ring to a pawnshop or gold dealer, you would typically get offers just below spot price.
Here is an example – a stunning 14K gold ring setting that weighs 5 grams.
The value is calculated by 5 (grams) x 58.3% (gold content) x gold price per gram ($58 USD) = $170 USD. |
So in this example a 14K ring setting or band would be worth $170 USD at a pawnshop or gold dealer. Note in my article about How much does a 14k gold ring cost? the cost to buy would be closer to $450 to $850. Therefore, you can see you may lose quite a bit of value if you were to sell your 14k gold ring to a pawnshop.
What is the value of my 18k gold ring at a pawnshop?
What is 18k gold ring pawn value? 18k gold rings will be valued higher than a 14k gold ring of the same weight. This is because there is more actual gold in the 18k gold ring.
A typical woman’s engagement ring weighs between 2-5 grams. 18K gold has a gold content of 75%, so there would be closer to 1.5-3.75 grams of gold in a typical woman’s gold ring. Whereas, a men’s 18K gold signet ring can weigh 10-12 grams, or 7.5- 9 grams of actual gold.
The weight of gold will obviously have a lot to do with the value of an 18K gold ring as you need to apply the gold spot price to how many grams of gold in your ring.
At the time of writing, the price of gold is $58 USD per gram – see link here for current gold spot prices.
So if you were to take your 18k gold ring to a pawnshop, you would typically get offers just below spot price.
Here is an example – a stunning 18K gold ring setting that weighs 5 grams.
The cost is calculated by 5 (grams) x 75% (gold content) x gold price per gram ($58 USD) = $220 USD |
So in this example an 18K ring setting or band would be worth $220 USD at a pawnshop or gold dealer. Note in my article about How much does an 18k gold ring cost? the cost to buy would be closer to $500 to $1,100. Therefore, you can see you may lose quite a bit of value if you were to sell your 18k gold ring to a pawnshop.
How much is my gold ring worth?
So if you are looking to sell your gold ring at a pawnshop, a gold ring of 5 grams may be worth between $150 to $250 USD.