FAQ

Why Should I Sell My Items To Sacramento Gold Buyer?

We take pride in our ability to offer higher payouts than competitors. How are we able to consistently do this, you ask? Low Overhead. We do not spend huge amounts of money on advertising because we mainly rely on ‘word of mouth’ referrals from clients who have done business with us in the past. We make sure that all transactions are performed quickly, safely, and efficiently.

How Do I Calculate The Value Of My Gold?

The value of your scrap jewelry is based on 3 factors; Spot Price, Purity, and Weight.

Spot Price – Please visit www.kitco.com, or www.thebulliondesk.com. You will see the current market price of Gold, Silver, and Platinum. This is the price off of which we base all of our calculations.

Purity – Usually, jewelry will have a small marking close to the clasp or locking mechanism, which states the purity, or karat content of the jewelry. The markings are stated as follows:

10k / 417 = 41.7% gold purity
14k / 585 = 58.5% gold purity
18k / 750 = 75% gold purity
22k / 916 = 91.6% gold purity
24k / 999 = 99.9% gold purity
Sterling / 925

Weight – We calculate the value of gold in grams. To weigh your gold in grams, you would need a basic jewelry scale, which are extremely common. You can purchase these for under $40.

The formula for calculating the value of gold is as follows:

(Spot Price x Purity)
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        31.1

Since the spot price of gold is given to us in Troy Ounces, we must divide by the amount grams in each ounce, to find out the value of your gold in grams.

What percentage of the value will Sacramento Gold Buyer pay me for my Gold Jewelry?

Certainly, we need to make a profit, that’s the whole reason we are in business. However, we believe that giving fair payments, and educating our clients, is the only way to be successful in a business where many people will take advantage of their customers. We pay between 80 – 85% of the overall value of your gold jewelry. This will cover our overhead, expenses, give us a reasonable profit, and provide you with a fair and generous payout.

I have a very beautiful designer necklace that I bought from Tiffany and Co. several years ago.
Should I expect to receive a fair payment from Sacramento Gold Buyer for this item?

Unfortunately, the answer is no. At Sacramento Gold Buyer, we only purchase gold for the melt value. At this time, we do not have the capabilities to accurately appraise the value of jewelry which has an intricate value above the precious metals value. We refuse to lowball our customers and give them unfair, uneducated appraisals. So we apologize in advance, if we are unable to help you liquidate your designer jewelry.

Can I sell my Diamonds to Sacramento Gold Buyer?

Yes. We will appraise and give you an offer on your diamonds. However, the diamond market is relatively weak, and prices are low, so if you don’t absolutely have to liquidate your diamonds, we suggest you hold on to them for at least a few years.

Why do I have to give my ID and Fingerprint?

California law (Business and Professions Code 21628) requires us to obtain a valid form of identification along with a fingerprint of the seller.