Gold in its purest form is too soft a metal to form any long-lasting jewelry. To counter this and make most parts of the gold workable, it is combined with other metals to strengthen its structure.
14K gold is one such metal popular in the jewelry industry for stone setting. How much is a 14K Gold wedding band worth?
Wedding bands are a special symbol that needs to be presented and designed in the most exquisite fashion possible. Manufacturers are constantly trying to outdo each other in creation of the next best wedding band.
First things first, you need to understand this question first:
What Does 14K on a Gold Ring Mean? (How the 14k ring made of)
14K gold is a gold metal alloy that indicates 58.3% pure gold combined with 41.7% of other metals. It could either be made into white gold, yellow gold or rose gold color grades based upon the metals in its element.
To get a yellow gold 14K metal, copper, zinc and silver metals are added in specific amounts to create the perfect yellow color. This color shines brilliantly against light and if a gem is set on it, the shine is dazzling.
For a rose gold 14K metal, copper has to be added until the right reddish-pink hue is attained. This color is ideal for all skin tones and genders as well. The pink color is great for downplaying imperfections in crystals if any have been set on it.
White gold 14K metal has the same composition in metal alloys but is coated with rhodium to make the silver color more brilliant and pronounced. This plating makes white gold stronger and more resistant to scratches compared to the other two 14K gold color grades. Clear white diamonds set on white gold look magnificent.
14K gold jewelry pieces are marked as 14K on the metal band. This metal is a highly favored one across the divide. It is stronger than 18K gold and can hold stone settings quite firmly in place.
Being a gold metal that has been alloyed with other metals, it becomes a very affordable alternative to consider for those who desire gold jewelry.
Even though white gold is rhodium plated, this thin coating wears off with time and you will need to schedule appointments with your jeweler to recoat it.
Bearing all this in mind, be very selective and inquisitive about the quality of metal gold you are buying and its exact composition in alloys. This helps you make an informed purchase which is a wise idea considering the amount of money you will spend on it.
It’s good to know that 14K gold has a worthy resale value so if in future you think of selling it, you can be sure to fetch the value equal to the pure gold in your metal.
How Much is a 14K Gold Wedding Band Worth?
This means that the 58.3% pure gold that constitutes the metal is the only valuable part of the wedding band.
What you need to do is find the price of gold as market dictates on any given day and multiply the value by 0.58 which is how much real gold is in your metal band.
The result is the value of your 14K wedding band.
How to Calculate the Value of 14K Gold Wedding Band?
For example, the price of gold per ounce right now is at 1,724 dollars. When we multiply this by 0.58, we get 999.92 dollars which we will assume would be the value of our 14K metal band today. This price changes as gold prices change.
Is 14K Gold Ring Worth Anything at A Pawn Shop?
Based on the weight of the gold in 14K metal, the value at a pawn shop will be about 50% of the days gold rate. If your ring has diamond crystals, it will be worth more because the diamonds have to be factored in.
People mostly go to the pawnshop to either get a quick loan, to sell their old jewelry or to get it altered in one way or another.
If you are looking to score a quick loan to settle some arising issues, then you better be in goods graces with your pawn shop dealer. They are known to be ruthless business people. Their interest rates on loans re unlike any you have heard before.
Going at a rate of 180 to 240% more than the loan principle it is quite evident that they are happy to lend you the money. However, it doesn’t do them any good if they keep giving money to all their clients only to be left behind with a metal they will have to sell.
Pawnshop owners quote the worst resale value rates in the whole industry and this is truly because they had rather not buy any rings that will do nothing but sit on the display area further deteriorating in value.
Instead of having to coordinate and organize loan payments with insane interest rates, you could opt to sell the metal band to the pawnshop owner who will then keep it for about a week then proceed to make plans to either send it to a smelter who is capable of offering them up to 95% the value of current gold.
Ultimately, pawnshop owners wish that you would just come get your 90-day loan and once you are done paying it off, that you come over to the shop and collect your preserved metal band. They really make a living off of providing these soft loans.
14K gold wedding band is really worth a buy if you are in the market for gold. Your choices are not limited in terms of color and you could choose the white, yellow or rose variations that are available.