How Selling Works
Determine the Karat of your gold or fineness of your silver
This is the purity of your gold and/or silver. Most gold jewelry is 14K which is 58.5% gold, however, it also comes in 8K, 9K, 10K, 12K, 14K, 18K, 21K, 22K, and 24K. 24 karat gold is pure gold. Silver comes in purity of .800, .925 and .999 which is either 80%, 92.5%, or 99.9% percent silver. The first thing we do is determine the purity of your precious metals.
The weight of your gold or silver
We weigh your gold on our accurate scales which are certified by the county of San Bernardino to be accurate when tested. At California Gold & Silver Exchange we do things a little different than many other gold buyers. We use scales that weigh in grams not penny weight. We do this because most people have a food scale or some other scale that weighs in grams, and you will have a good idea of how much gold you have and how much money you will get. There are 31.103 grams in a troy ounce of gold.
Please click the link below titled “Beware!” to learn more about how some buyers are deceiving the public by using other forms of weight measurements.
The current price of gold or silver
We will use the current bid price of gold and/or silver when we calculate your precious metals. This is the price of a pure troy ounce of gold (24K) or silver (.999%). If you want to see a current price please click the link below “Live Gold & Silver Prices”
Factors that may affect the value of gold and silver include:
• Price fluctuations of other commodities combined with global demand i.e. “indirect pricing”
• Global and U.S. inflation
• Trade imbalances
• U.S. debt and twin deficits
• Money printing, gold purchases/sales, and other activities by the Central Bank
• Real interest rates, especially in the U.S.
• Demand and supply
California Gold and Silver Exchange helps you deal with the most negative effects of these factors, and possibly even use them to your benefit. We provide accurate assessment/weighing/pricing services, and live gold and silver prices updated daily. We even offer valuable tips on how buyers and sellers can protect themselves from fraudulent practices in the jewelry trade.
Check out our full range of services to find out why we are the best option for selling jewelry in Southern California!