
Introducing
The CIRCA Gold Standard, our attempt to bring a level of transparency to the gold buying market. We hope to accomplish this by sharing with you daily the dollar estimates that we are paying to our clients for their gold.
Please keep in mind that some gold jewelry has a value that exceeds just its weight in gold. This is particularly true of estate, antique and signed jewelry. We hope that this information will guide you in making the correct decision should you choose to sell at any point.
The purity of gold is measured in karats. 24k gold is the purest form, which is 99.9% gold. 22kt gold contains 22/24 parts gold, or 91.3% pure gold. 18kt gold contains 75% pure gold, 14kt gold contains 58.5% pure gold, and 10kt is 41.6% pure gold. The higher the gold content, the more valuable the piece.
Here are CIRCA’s price estimates per pennyweight (dwt) for the standard gold purities, based on:
Afternoon London gold fixing price: $ 1,047.50 per ounce, which is the current price being traded for pure gold.
10K - $14.04
14K - $19.99
18K - $25.92
22K - $32.00
24K - $34.84
Platinum - $37.02
A pennyweight is a term used to measure the weight of gold. There are 20 pennyweights in an ounce. Another commonly used term is grams. To convert pennyweights to ounces or grams:
1 dwt= .055 ounces
1 dwt= 1.55 grams
* These prices represent an approximate dollar value that CIRCA will pay based on the afternoon London gold fixing price on the day of settlement. It is subject to change during the course of the day as the gold price fluctuates. These numbers are relevant only to plain gold jewelry that doesn't contain any stones or other elements that add weight. These prices do not apply to items that are gold filled or gold plated.