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Accurate Precious Metals

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Knowledge Base

How much is 14k gold worth?

14k gold is 14 parts gold out of 24, or 58.3% pure, so a gram of 14k is worth about 58.3% of the price of a gram of pure gold. With spot gold near $4,166.71 per troy ounce, that comes to roughly $78.14 per gram of 14k before any premium for craftsmanship or any payout percentage.

The formula

Value of the gold content = weight in grams x 0.583 x the spot price per gram. Spot is quoted per troy ounce, and a troy ounce is 31.1035 grams, so the per-gram price of pure gold is the ounce price divided by 31.1035, currently about $133.96. Multiply that by 0.583 to get the 14k figure, then by the weight of your item.

A worked example: a 14k chain that weighs 20 grams contains 20 x 0.583 = 11.66 grams of pure gold. Multiply 11.66 by $133.96 and you have the market value of the metal in the chain. A buyer's offer is then a percentage of that number. Accurate Precious Metals pays based on the metal content we measure on gold jewelry and scrap, with the exact offer set by weighing and testing the actual piece and depending on condition, volume and market conditions.

Why the offer may differ from your estimate

  • Stones and non-gold parts. Diamonds, gemstones, steel springs in clasps and watch movements are not gold. They are excluded from the gold weight, though diamonds can be valued separately; we buy all diamonds, loose or set.
  • Actual purity. A 14k stamp is a claim, not a guarantee. Testing with an electronic tester, acid or XRF analysis confirms the true karat, and some older or imported pieces test slightly above or below the mark.
  • Plated or filled items. Marks such as "14k GF" (gold filled), "14k GP" or "14k HGE" indicate a thin layer of gold over base metal, with far less gold content than solid 14k.
  • Market movement. Spot changes throughout the day, so an estimate made this morning may not match an offer this afternoon. Check the live gold price page for the current number.

Melt value versus retail value

The numbers above describe what the gold itself is worth. Fine jewelry sells at retail for considerably more because of design, brand and labor, and a few pieces carry collector or designer value above their metal content. When you sell to a refinery, you are paid for the metal, so a piece you paid full retail for will be worth less as scrap than it cost new. That is normal, and it is also why unwanted or broken 14k jewelry, single earrings and dated pieces are ideal candidates to sell: their value is in the gold, not the design.

To find out exactly what your 14k gold is worth, have it weighed and tested. Get your 14k gold evaluated for free at our Salem, Oregon facility, where you can watch the process, or use our insured mail-in program from anywhere in the US. There are no evaluation, shipping or receiving fees.

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