Antique Jewelry

Yigal Sharaby

<div class="jnlc-container" id="jnlc-container"> <img src="http://static3.shopify.com/s/files/1/0014/5692/files/AntiqueJ.jpg" width="360" height="200" class="floatLeft" /> antique jewelry There is not one finite formula that appraisers use for judging the value of antique gold jewelry and antique jewelry of any kind. Most appraisers who charge for written appraisals (whether they are gemologists or other people who don't have formal credentials) will weigh a piece of gold jewelry and multiply the weight by a factor that reflects their opinion of the current market value of gold jewelry. Some appraisers appraise all 14K gold at $20 per gram; others, at $40 per gram. Many appraisers say that they then add something for "antique value" or for an excellent looking piece, but this is totally subjective. Ten different appraisers would probably come up with close to the same gold weight when presented with the same piece of jewelry, but the values they assigned to the piece would be very different, because: 1. All appraisers don't appraise gold at the same per-gram rate and 2. Appraisers add their own subjective interpretation of the "antique value" of a piece. Appraisals of costume jewelry are highly subjective as well. Value varies depending upon which book an appraiser consults as well as his or her knowledge of the market and the area where they conduct business. Prices can vary radically in the same market. With gold jewelry, the bottom line is defined by the price that you can get for a piece when you sell it to a refiner or gold dealer. Whereas, an appraiser may value a piece at $40 per gram because he or she is considering the price that would have to be paid for a comparable new piece in a retail store, that is not the price you will be paid. The gold jewelry has a "scrap" price that relates only to the actual gold value in the piece. When a piece weighs 20 grams and the current scrap price for that karat is $6 a gram, you know your jewelry is worth at least $120 because you could sell it to a scrap gold buyer for that amount. A buyer may want to buy a piece of jewelry because of its esthetic appeal, however, the floor price is still the actual scrap metal value. The layman should be careful interpreting fine jewelry appraisals. An appraisal by a gemologist reflects what you would pay for a similar piece today in a retail jewelry store, but not what you could sell the item for. It is extremely rare that someone is would be willing to pay the full appraised price for a piece of antique fine jewelry. When a retail customer is interested in an antique piece of jewelry, you may be able to charge them around half of the appraised value. Should you sell the same piece to a dealer in order for him or her to further resell, you would probably be offered the scrap value of the gold plus a bit extra, depending on the desirability and rarity of the item. Simple formulas for determining approximate scrap gold values <ul> <li class="JNLC-copy">14K Formula: Spot Gold X 58.3% divided by 31.3 grams = $value per gram </li> <li class="JNLC-copy">10K etc. Spot Gold X 41.6% divided by 31.3 grams = $value per gram. </li> <li class="JNLC-copy">9K etc. Spot Gold X 37.5% divided by 31.3 grams = $value per gram </li> <li class="JNLC-copy">18K etc. Spot Gold X 75% divided by 31.3 grams = $value per gram </li> </ul> You can get SPOT GOLD prices from TV financial new services, Kitco Spot Gold Page, newspaper, telephone recording at the coin dealers office or gold buyers office. Do not get Spot Gold confused with Gold Futures. Gold is weighed in either Grams or Pennyweights. There are 31.3 grams to a troy ounce. This is not the same ounce as the measurement on a postal scale. There are 20 pennyweights in a troy ounce; adjust the formula accordingly when weighing your gold pieces. These additional factors will affect the amount at which you can sell used gold jewelry: 1. If it is truly "scrap", and not usable to anybody for anything, you can sell to a scrap gold dealer (often a jewelry store, coin dealer, or pawn shop, that you can find in the Yellow Pages) for something below the dollar value given above, because (A) the dealer needs a little profit and when he sells it to the refiner, (B) the refiner needs a little profit. Dealers usually offer, for scrap, within the range of 50% to 80%. Many dealers deduct an additional percentage for chains or other jewelry which may contain a larger percentage of solder and for class rings which are often weighted with cement, and rings with unusually large, heavy glass or synthetic stones that add weight but not value. 2. If you are selling to a jewelry dealer, and the piece is usable, but not terribly desirable (because it is out of fashion or boring, or not well made, and doesn't have an antique or vintage value) you may get anywhere from slightly below the actual dollar value above, or slightly higher. The dealer judges the desirability of the piece based on whether he can sell it to his clientele. 3. Most often vintage pieces sell for considerably less than their retail appraised value in any market. Fine antique jewelry is usually an excellent value for the retail buyer in an antique shop, antique show or pawn shop. The guidelines mentioned above are meant basically for simple gold pieces of relatively recent vintage. Valuable stones will increase the amount a dealer is willing to pay for a piece of jewelry. <a href="/pages/other-techniques"><img src='http://static1.shopify.com/s/files/1/0014/5692/files/Back1.png' alt='' /></a> </div>

2008-10-10T20:57:32-04:00

antique-jewelry 498182

2008-10-10T20:57:32-04:00

145692

Antique Jewelry 2008-11-04T11:59:03-05:00 <notextile> <div class="jnlc-container" id="jnlc-container"> <img src="http://static3.shopify.com/s/files/1/0014/5692/files/AntiqueJ.jpg" width="360" height="200" class="floatLeft" /> antique jewelry There is not one finite formula that appraisers use for judging the value of antique gold jewelry and antique jewelry of any kind. Most appraisers who charge for written appraisals (whether they are gemologists or other people who don't have formal credentials) will weigh a piece of gold jewelry and multiply the weight by a factor that reflects their opinion of the current market value of gold jewelry. Some appraisers appraise all 14K gold at $20 per gram; others, at $40 per gram. Many appraisers say that they then add something for "antique value" or for an excellent looking piece, but this is totally subjective. Ten different appraisers would probably come up with close to the same gold weight when presented with the same piece of jewelry, but the values they assigned to the piece would be very different, because: 1. All appraisers don't appraise gold at the same per-gram rate and 2. Appraisers add their own subjective interpretation of the "antique value" of a piece. Appraisals of costume jewelry are highly subjective as well. Value varies depending upon which book an appraiser consults as well as his or her knowledge of the market and the area where they conduct business. Prices can vary radically in the same market. With gold jewelry, the bottom line is defined by the price that you can get for a piece when you sell it to a refiner or gold dealer. Whereas, an appraiser may value a piece at $40 per gram because he or she is considering the price that would have to be paid for a comparable new piece in a retail store, that is not the price you will be paid. The gold jewelry has a "scrap" price that relates only to the actual gold value in the piece. When a piece weighs 20 grams and the current scrap price for that karat is $6 a gram, you know your jewelry is worth at least $120 because you could sell it to a scrap gold buyer for that amount. A buyer may want to buy a piece of jewelry because of its esthetic appeal, however, the floor price is still the actual scrap metal value. The layman should be careful interpreting fine jewelry appraisals. An appraisal by a gemologist reflects what you would pay for a similar piece today in a retail jewelry store, but not what you could sell the item for. It is extremely rare that someone is would be willing to pay the full appraised price for a piece of antique fine jewelry. When a retail customer is interested in an antique piece of jewelry, you may be able to charge them around half of the appraised value. Should you sell the same piece to a dealer in order for him or her to further resell, you would probably be offered the scrap value of the gold plus a bit extra, depending on the desirability and rarity of the item. Simple formulas for determining approximate scrap gold values <ul> <li class="JNLC-copy">14K Formula: Spot Gold X 58.3% divided by 31.3 grams = $value per gram </li> <li class="JNLC-copy">10K etc. Spot Gold X 41.6% divided by 31.3 grams = $value per gram. </li> <li class="JNLC-copy">9K etc. Spot Gold X 37.5% divided by 31.3 grams = $value per gram </li> <li class="JNLC-copy">18K etc. Spot Gold X 75% divided by 31.3 grams = $value per gram </li> </ul> You can get SPOT GOLD prices from TV financial new services, Kitco Spot Gold Page, newspaper, telephone recording at the coin dealers office or gold buyers office. Do not get Spot Gold confused with Gold Futures. Gold is weighed in either Grams or Pennyweights. There are 31.3 grams to a troy ounce. This is not the same ounce as the measurement on a postal scale. There are 20 pennyweights in a troy ounce; adjust the formula accordingly when weighing your gold pieces. These additional factors will affect the amount at which you can sell used gold jewelry: 1. If it is truly "scrap", and not usable to anybody for anything, you can sell to a scrap gold dealer (often a jewelry store, coin dealer, or pawn shop, that you can find in the Yellow Pages) for something below the dollar value given above, because (A) the dealer needs a little profit and when he sells it to the refiner, (B) the refiner needs a little profit. Dealers usually offer, for scrap, within the range of 50% to 80%. Many dealers deduct an additional percentage for chains or other jewelry which may contain a larger percentage of solder and for class rings which are often weighted with cement, and rings with unusually large, heavy glass or synthetic stones that add weight but not value. 2. If you are selling to a jewelry dealer, and the piece is usable, but not terribly desirable (because it is out of fashion or boring, or not well made, and doesn't have an antique or vintage value) you may get anywhere from slightly below the actual dollar value above, or slightly higher. The dealer judges the desirability of the piece based on whether he can sell it to his clientele. 3. Most often vintage pieces sell for considerably less than their retail appraised value in any market. Fine antique jewelry is usually an excellent value for the retail buyer in an antique shop, antique show or pawn shop. The guidelines mentioned above are meant basically for simple gold pieces of relatively recent vintage. Valuable stones will increase the amount a dealer is willing to pay for a piece of jewelry. <a href="/pages/other-techniques"><img src='http://static1.shopify.com/s/files/1/0014/5692/files/Back1.png' alt='' /></a> </div> </notextile>